Hyatt Hotel project faces Rs 9b shortfall

The report on the large scale financial fraud and mismanagement of funds by the previous regime in the Hyatt Hotel project in Kollupitiya and Hambantota will be presented to the Ministry of Finance to bring all perpetrators to book,

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Housing project for public servants gets off the ground

Public servants throughout the country have been adversely affected by the housing problem. As a solution a housing project was launched in Galle in 2003. However, it stalled. “Today is a proud day for us as we are launching this housing project under our own government after a lapse of over 12 years.

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Micro CEO laments:

Locally assembled vehicle market stagnating

The Rajapaksa regime did not have an influence on the sale of locally assembled vehicles, which has been low right throughout due to high vehicle imports, Micro Holdings (Pvt) Ltd. Chairman and CEO Dr. Lawrence Perera told a gathering at the company’s 20th anniversary celebrations in Polgahawela,

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BOI signs 42 agreements

The Board of Investment of Sri Lanka (BOI) signed 42 investment agreements from January to May 2015 with enterprises representing a vast range of sectors which reflect the growing diversification of Sri Lanka’s economic base and exports.

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IT-BPM industry:

Lack of national policy, a huge drawback

The lack of a national policy for the IT-BPM (Business Process Management) industry is a huge drawback for the expansion of the sector which has immense potential to be a major foreign exchange earner,

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