Sunday Observer Online


Sunday, 11 October 2015


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Marriage Proposals
Government Gazette
Thirst quencher: The tourist industry is growing at a steady pace and visitors enjoy traditional food and beverages. Here a group of tourists who visited the Pinnawala elephant orphanage quench their thirst with king coconut water. Pic: Susantha Wijegunasekera

World Bank urges SL:

Enhance role of private sector

Key challenges for Sri Lanka include enhancing the role of the private sector, including the provision of an appropriate environment for increasing productivity and exports, boosting investment, human capital, realigning public spending and policy with the needs of a middle-income country,

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CEA to claim damages from Coca Cola

Report on Kelani River contamination out soon:

The report on the assessment of the damage caused to the environment by the alleged discharge of pollutants into the Kelani River by the Coca Cola Company on August 17 will be released soon and the Central Environmental Authority (CEA) will claim damages from the company, CEA Chairman Prof. Lal Dharmasiri told the Sunday Observer last week.

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Low quality vehicles flood the market - Importers

Local consumers will face difficulties in buying good vehicles in the future as low quality vehicles are being imported, President, Vehicle Importers’ Association of Sri Lanka, Mahinda Sarathchandra told Sunday Observer Business. The country’s foreign exchange reserves are wasted substantially and enormous costs are being incurred on fuel mainly due to huge traffic congestion experienced in Colombo and other main towns due to the indiscriminate import of motor vehicles.

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Colombo likely to slip further in Global Competitive Index - Survey

Global Competitive Index surveys reveal Colombo will slip to the 108th position within the next 10 years, behind a host of Indian cities such as Ahmedabad, Chennai, Pune, Hyderabad, Delhi and Mumbai. Sri Lanka ranked 102 among 120 cities in the Global Competitive Index compiled by the Intelligence Unit of the ‘Economist’.

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Strong investor interest in Pan Asia Bank debenture issue

With the successful completion of the Pan Asia Banking Corporation PLC’s (Pan Asia Bank) Rs. 4 billion debenture issue which was oversubscribed on the opening day, receiving subscriptions exceeding Rs.5.5 billion, the bank is now gearing up for a higher growth trajectory aiming to achieve a Rs.100 billion asset base.

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