Items filtered by date: Thursday, 19 July 2018

FM Sarath Fonseka - Police sources

High ranking officers of the Sri Lanka Police have revealed the identity of the Government Minister who has allegedly recruited underworld figures into his security detail. The Minister concerned was identified as Field Marshal Sarath Fonseka.


Govt. amends NBT

Parliament yesterday approved the Nation Building Tax (NBT) (Amendment) Bill with changes allowing several sectors to be exempted from NBT to increase entrepreneurship opportunities and foster economic growth.


CPC loses Rs. 5.4 b from kerosene sales

The Ceylon Petroleum Corporation (CPC) incurred a loss of Rs. 5.4 billion from the sale of kerosene oil in 2017, the Government told Parliament yesterday, but expects sales to reduce with more low income houses being added to the power grid.


NDB secures loan up to $75 m with Commerzbank Germany

National Development Bank (NDB) has successfully negotiated a loan up to $75 million, from Commerzbank Aktikengsellschaft Germany recently. Dubai-based Alpen Capital [ME] Limited was the lead arranger to this loan facility. The proceeds of this loan are to be mobilized in NDB’s general banking business, without restrictions on any specific sector.


BPPL begins first-ever polyester yarn production facility

Signifying a breakthrough in Sri Lanka’s industry, the country’s first state-of the-art polyester yarn plant was inaugurated on Tuesday by BPPL Holdings, a top brush maker in Asia. The facility is another milestone for BPPL, directed by wholly-owned subsidiary Eco-Spindles Ltd., aimed at promoting innovative sustainability where yarn is produced entirely from Polyethylene Terephthalate, commonly known as PET flakes.


Thai Boys Speak of Lessons Learned From Cave Ordeal

  • Published in World

The 12 boys and coach of the Wild Boars football team entered the local town hall on the Thai-Myanmar border Tuesday, appearing at their first news conference since the dramatic rescue as a tight-knit family, kicking around balls that were given to them and laughing amongst each other.

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