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DateLine Sunday, 8 April 2007

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'Move to increase capital of insurance companies a grave concern'

The government is planning to increase the capital of insurance companies in stages. This is a grave concern for the industry. At present for each class of insurance the capital requirement is Rs. 100 million and by 2012 the government plans to increase it to Rs. 1 billion for each class.

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Bids under way for Colombo South Harbour project

Contract to be finalised by mid June :

Bids for the first terminal under the Colombo South Harbour Expansion Project are being prepared and by mid June the contract will be finalised said Asian Development Bank Country Director Richard Vorkes on Wednesday.

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Lanka to host international parley on Chemistry

Sri Lanka will host an international conference on Chemistry, "Chemtech 2007" from June 21-23 in Colombo. The conference organised by the Institute of Chemistry Ceylon is themed "Chemistry, technology and innovation for greater safety and economic growth."

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