Shirajiv Sirimane

Depositor claims of Rs 7 bn to be settled

Depositors of the defunct Ceylinco entities, Finance and Guarantee Real Estate Company (FGRECL) and Finance and Guarantee Property Developers (FGPDL) are in for a new year...
Marina in Marawila to commence this year

A consortium of Chinese, German and Sri Lankan investors would start building Sri Lanka’s first Marina in Marawila by the end of the year.According to The Asian German Sports...
Off season tourism campaign to kick off

Sri Lanka will launch an island wide off season marketing campaign, targeting specific countries, Minister of Tourism and Christian Affairs John Amaratunge said.Speaking at...
Premier advocates tradable economy

Sri Lanka’s economy should be transformed from a non-tradable one to a more tradable sector and the government’s current economic restructuring plan is aimed at achieving...

Damro’s Rs 12.5 bn Marino Mall and beach hotel opens

Adding another 289 star class rooms to Colombo’s hotel inventory and adding four floors of Mall space, Damro group’s Marino Mall and Marino Beach Colombo was opened yesterday at Colombo 3.Chairman...
Minimum room rate for city hotels should remain - Shangri-La GM

Minimum room rates (MRR) enforced for Colombo city hotels sector should remain further, said Timothy Wright, assistant Vice President and General Manager, Shangri-La Colombo.Speaking to Daily News...
Sri Lanka, China, India jointly invest US$ 700 mn to develop Lankan ports

Sri Lanka Ports Authority (SLPA), China and India are jointly investing over US$ 700 million to develop three key ports in Sri Lanka in the next three years.Minister of Ports and Shipping Mahinda...
Sino Lanka joint venture to manufacture solar panels

Infinity Energy Company Limited (INFINITY), one of the leading solar panel manufactures and exporters in China has set up a joint venture with a local company- Helio Energy Lanka (Pvt) Ltd,...
‘SL can gain more from BRI with effective negotiations’

Sri Lanka can gain more from the Belt and Road Initiative (BRI) if the Lankan authorities could effectively carry out the negotiations with Chinese counterparts, Managing Director, Hairong...
Eran calls for increase in entrepreneurs

Sri Lankan entrepreneurs have dropped to 2.68% of its population and urgent steps should be taken to increase this number, State Minister for Finance and Media, Eran Wickramaratne said.Speaking at...
Negotiations on for lease of Mattala Airport

Aviation industry officials of India and Sri Lanka are continuing their discussions on forming a joint venture to develop the Mattala International airport.Executive Director, Airport & Aviation...
Earls Hotels ventures to Oman with Rs 800 mn investment

Earls Court Management has invested Rs 800 million to re develop and open a four star boutique hotel in Al Karam beach Oman. The opening would be held next month.Cluster Director, Earls Hotels, Hemal...
Sri Lanka Tourism to probe fatal Southern Expressway accident

Sri Lanka Tourism said that they will speak to Anantara Peace Haven Tangalle Resort regarding the accident where Australian woman Louise Collins, 37 and her daughter Poppy 4, were killed in a car...
Fairway Holding to invest Rs 4 bn in housing, leisure and aviation sectors

Fairway Holding will be investing a further Rs. 4 billion to build apartments, hotels and to develop the domestic aviation sector, Chairman Managing Director of the Group, Hemaka De Alwis told the...
The Glucorasa story that took Lanka’s confectionery industry by storm

Some of the world’s top food brands have been created, due to a ‘formula’ or a ‘recipe’ of creating another product going wrong. One such ‘mistaken formula’ is that went to create the world most...
‘Lanka offers Asia’s lowest airfares’

SriLankan Airlines is facing high competition and the best way to bail out the airline and make it viable is to call for a ‘SAARC regional open sky policy,’ said SriLankan Airlines, CEO, Suren...