Business News
The minimum train fare to remain the same, even though train fares are to be revised
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- Published on Sunday, 18 March 2018 14:31
- Written by slbc news
The minimum train fare will remain the same, even though train fares are to be revised. Speaking to the SLBC, the General Manager of the Sri Lanka Railways, S M Abeywickrema said, a committee headed by the Additional General Manger Udaya Kumara has been entrusted with the task of detailing the procedure to be followed in the increase of train fares this year.
He added that the Ministry of Finance has given the go-ahead for amendments to be made to train fares. Once the approval is received, the amended fares will be gazetted.
Around 500,000 passengers travel by train every day. He added that 15 trains were added to the service this year. He also focused his attention on increasing goods transportation by rail, in order to increase revenue
SATHOSA is ready to provide essential goods at the reduced prices for the upcoming festive season.
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- Published on Monday, 12 March 2018 13:26
- Written by slbc news
Chairman of Lanka SATHOSA Mohammed Rizwan Hamid says that SATHOSA outlets are now ready to cater to the needs of the customers for the upcoming festive season. There are 400 outlets throughout the island at present. SATHOSA expects to open 15 more outlets before the Sinhala Tamil New year.SATHOSA Chairman further said that,
The President has ordered to stop fragmentation of coconut lands in the northwestern province..
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- Published on Wednesday, 07 March 2018 20:46
- Written by slbc news
President Maithripala Sirisena has instructed the relevant officials and institutions to stop fragmentation of all coconut cultivations in the north western province with immediate effect. The President gave this instructions at the special di9strict coordination committee meeting held in Kurunegala district secretariat today. The President said that the north western provincial council, relevant Pradesheeya Sabhas and the coconut development board are responsible to take action in this connection. Using coconut cultivation to construct houses has led to increase the prices of coconut. The President said therefore all should focus attention to this important matter.
MVIVO presents the future of Sri Lankan homes
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- Published on Wednesday, 07 March 2018 13:38
- Written by slbc news
MVIVO (Pvt) Ltd, a building construction company introduced its newest concept of constructing homes in Sri Lanka in Colombo yesterday. The launch now bring their expertise, innovation, and knowledge to the shores of Sri Lanka. Speaking during the launch, Kjell Van Doran, CEO of MVIVO (Pvt) Ltd., stated that their belief at MVIVO is that homes need to change with the times, they need to evolve.
Minister Mahinda Amaraweera says the activities of selected local government representatives will be closely monitored.
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- Published on Tuesday, 06 March 2018 06:50
- Written by slbc news
Minister of Fishing and Aquatic Resources Development Minister Mahinda Amaraweera says the activities of selected local government representatives will be closely monitored. The Minister made these remarks at a function held at Angunukolapalessa Pahala Yaaya area, yesterday. Addressing the gathering the Minister further said the UPFA was able to grab a reasonable amount of votes and LG representatives during the recently concluded LG polls. That is an achievement. The Minister expressed confidence that the UPFA will build its platform in future based on this achievement.
The British Council announces the launch of a project to improve the quality of English Language Education in the country.
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- Published on Monday, 05 March 2018 20:32
- Written by slbc news
The British Council in Sri Lanka has announced the launch of a new project to improve the quality of English Language Education in the country. Named as The Teacher Education for English Project, it will target a large number of English Language teachers and trainee teachers, through a 14 month project, which will end in April next year. The target audience in the first stage will be one thousand trainee teachers enrolled to National Colleges of Education in Kandy, Kalutara and Jaffna.
The US expresses its eagerness to expand trade with Sri Lanka.
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- Published on Friday, 02 March 2018 10:14
- Written by slbc news
The United States has expressed its eagerness to expand open, fair and reciprocal trade with Sri Lanka. Director of the International Trade Administration Advocacy Centre at US Department of Commerce, Stephen Renna, recently met with US companies in Colombo, to discuss opportunities to increase US exports to Sri Lanka. US Ambassador in Colombo, Atul Keshap, emphasized that American companies are some of the most dependable business partners found anywhere in the world.
Many new projects will be implemented under the Mahaweli Development Program by the year 2020.
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- Published on Tuesday, 27 February 2018 21:04
- Written by slbc news
Minister Mahinda Amaraweera says that many new projects amounting to more than 100 Billion rupees will be implemented under the Mahaweli Development Program by the year 2020. Participating in to the progress reviews meeting of the Ministry, he added that 2,400 small tanks will be renovated under the project. Water will be provided for the thousands of acres of paddy lands.
Ebony Holdings launches new corporate website for enhanced customer satisfaction.
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- Published on Tuesday, 27 February 2018 09:56
- Written by slbc news
One of Sri Lanka's leading clothing suppliers, Ebony Holding recently launched their newly revamped corporate website at an official ceremony held in Colombo. The revamped website www.ebonyholdings.com has been designed to offer a seamless online experience to customers and dealers when browsing through the company's multiple brands and offerings.
Attention has been focused upon ways of providing young entrepreneurs with loans without the necessity to meet collateral requirements.
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- Published on Monday, 26 February 2018 20:20
- Written by slbc news
At a recently held meeting of the CEOs of the commercial banks operating in Sri Lanka, Governor of the Central Bank, Dr Indrajit Kumaraswamy drew attention to the difficulties potential young entrepreneurs who undergo vocational training face, when obtaining loans from formal banking institutions to commence or improve their businesses. This is due to their inability to meet collateral requirements.