Colombo Port City Suspension Creates Uncertainty For Foreign Investors
When Sri Lanka effectively defeated the Tamil Tiger rebels in May possibly 2009, placing an end to Asia’s longest civil war, there was hope to transform the island nation into a ‘Miracle of Asia’.
Successive government’s had dreamt of transforming the capital Colombo into a major economic and tourism hub but the 30-year conflict had left no area for development…
Read a lot more @ http://www.thesundayleader.lk/ 2015/03/29/colombo-port-city- suspension-creates- uncertainty-for-foreign- investors/
China denies Rajitha’s claims on slashing expressway expense
Acting Ambassador of China, Ren Faqiang denies that a sum of Rs 30 billion has been decreased from the building cost of the Colombo Outer Circular Expressway, as claimed by Cabinet Spokesman Dr Rajihta Senaratne…
Watch @ https://www.youtube.com/watch? v=t1H4BCzxuPg
Rajitha: ‘I repeated what Ranil said’
Cabinet Spokesman and Overall health Minister Rajitha Senaratne stated yesterday that it was Prime Minister Ranil Wickremesinghe who had told him that the Chinese contractor developing a section of the Colombo Outer Circular Road connecting the Highways had agreed to lessen the price of the project by Rs. 30 billion.
He produced the claim throughout the weekly Cabinet Press Briefing in Colombo.
Senaratne was responding to a denial by the Chinese Embassy in Colombo of a statement produced by him on Wednesday…
Study far more @ http://www.island.lk/index. php?page_cat=post-particulars& web page=article-information&code_ title=122575
National Chamber expresses concerns on CEPA
The National Chamber of Commerce of Sri Lanka, counting more than 65 years of service to the company community in Sri Lanka and obtaining a membership of over 630 corporates and more than 1500 Tiny and Medium Enterprises, is concerned more than the proposed signing of the CEPA (Comprehensive Economic Partnership Agreement) with India…
Study more @ http://www.island.lk/index. php?page_cat=write-up-information& page=write-up-information&code_ title=122559
Numerous bank heads resign, some probably to challenge Finance Ministry order
Following the resignations of Dr. Rani Jayamaha as Chairperson of Hatton National Bank and Sunil Wijesinha as National Development Bank PLC Chairman and the likelihood of far more such resignations, extremely reputable sources indicated that the Finance Ministry has notified a number of private commercial bank heads who had been appointed to represent government owned shares to step down…
Read more @ http://www.adaderana.lk/ bizenglish/many-bank-heads- leave-some-most likely-to- challenge-finance-ministry- order/
Below photos showcase the present status of some places of Colombo…
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See much more @ http://www.mahinda.information/2015/ 04/colombo-fate/
Lastly, Ranil is enjoying one hundred days in his Jet…
