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CSE and SEC to host next Invest Sri Lanka Forum in New York

The “Invest Sri Lanka Investor Forum” organized by the Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) in association with CSE Member Firms and leading Listed Companies will be held on 16th October 2017 at the Sofitel New York. The Forum is organized with …

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Domestic LPG price going up – Malik

Apropos the news item headlined “Cabinet rejects Malik’s proposal to increase gas prices” on page 2 of the Sept 13 edition, Minister Malik Samarawickrema’s Office has sent us the following statement: “The Cost of Living Committee, chaired by Minister Samarawickrama, which includes Ministers, Mangala Samaraweera, Rishad Bathiudeen, Duminda Disanayake, P.Harrison …

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Govt to export cannabis

The Government is to launch its first official cannabis plantation to supply the traditional medicine market and export to the United States, the health minister said Wednesday.   Rajitha Senaratne said the 100-acre (40-hectare) cannabis farm, which could produce more than 25 tonnes a year and would be under military protection, …

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Some PTL purchases reflected only in internal documents

Cross examining PTL CEO Kasun Palisena on the costs of sale of Bond purchases, Deputy Solicitor General Milinda Gunathilake said yesterday most of the purchases reflected as PTL’s expenses in their documents were unreliable because neither any payment nor security movements with other parties were reflected in the CBSL recording …

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Dairy farmers request government to resolve their problems

The National Center for the Protection of Dairy Farmers attached to the All Ceylon Farmers’ Federation has requested the government to provide solutions to the current problems faced by the 300,000 dairy farmers across the country. Addressing a press briefing in Dambulla, the National Organizer of the National Center for …

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Colombo Dockyard to build a ship for Japan

Colombo Dockyard has begun building a cable-laying vessel for Kokusai Cable Ship Co. Ltd., the Sri Lankan yard’s first ship for a Japanese customer. The keel laying ceremony for the ship with a diesel electric propulsion system took place at Colombo port Thursday. It is Colombo Dockyard’s first cable-laying ship …

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Sri Lanka’s high-end condos under pressure

Sri Lanka’s luxury residential condominium prices would stagnate or come down in 2018-2020 due to large levels of unabsorbed supply, Ravi Abeysuriya, group chief executive of Candor Group said. “Some developers may use more aggressive competitive tactics due to threat on profitability,” he said speaking at the Lanka Property Web …

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