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Sri Lankan conglomerate Aitken Spence agreed to sell its 30 percent stake in the Colombo International Container Terminals to China Merchants Holdings, the majority stakeholder in the $500 million project.
SEC further relaxes stock broker credit extension
The Securities and Exchange Commission (SEC) further relaxes stock broker credit extension. Additional credit available will increase by Rs. 5 billion resulting in total credit available in the market to Rs. 8.7 billion.
Sri Lanka is no pearl on China's string, Rajapaksa says
COLOMBO (Reuters) - President Mahinda Rajapaksa was emphatic: China's presence in Sri Lanka is strictly business, and not political. Challenged on speculation that China financed and built the $1.4 billion Mahinda Rajapaksa port on Sri Lanka's south coast so it could sneak a naval base into India's backyard, Rajapaksa laughed and said his giant neighbour had not complained. "No one has said ...
CDB’s PAT at Rs. 398 m, up by 28%
Continuing its growth momentum into the 3rd quarter of FY2011/12, Citizens Development Business Finance PLC (CDB) recorded exceptional all-round financial performance.
Cairn Energy PLC - Rajasthan JV starts oil production in Bhagyam
FOR IMMEDIATE RELEASE 19 January 2012 Cairn Energy PLC Rajasthan Joint Venture starts oil production in Bhagyam The attached release was issued today by Cairn India Limited ("Cairn India") ...
Vedanta Res PLC - Cairn India commences production at Bhagyam
19 January 2012 Cairn India announces commencement of production at Bhagyam Vedanta Resources plc's subsidiary, Cairn India Limited ("Cairn India") today announced that ONGC and Cairn India ...
Lanka’s economy delivers promised results
Sri Lanka, a country recovering from 30 years of strife, surprised the world in many ways by maintaining an average eight percent economic growth since the ending of terrorism, low inflation around 7.5 percent from 28 percent a few years ago and also accounted for a recorded one billion US dollars in foreign direct investments to the country.
Top Vision
Sri Lanka Telecom Mobitel, Sri Lanka’s National Mobile Service Provider recently announced the reappointment of Lalith de Silva as the company’s Chief Executive Officer.
Rs. 1 b for Trinco Port City
Sri Lanka Ports Authority (SLPA) will invest approximately Rs one billion for infrastructure development of the Trincomalee Port City Development project in a bid to facilitate prospective investors who have expressed willingness to set up port related new ventures in the Trincomalee port .
Once tiger territory
Nearly three years after LTTE lost the war, T E Narasimhan visits north Sri Lanka to find a country limping back to normal.