Huge private sector support for Govt plan:
The private sector will support the Government’s
decision to introduce flexible working hours as a solution to ease
traffic congestion in the city. Chairman, Ceylon Chamber of
Commerce, Samantha Ranatunga said the proposal will have huge
support from the private sector.
East Container Terminal:
As the Sri Lanka Ports Authority (SLPA) last
week called for Expressions of Interest for the East Container
Terminal (ECT) of the Colombo Port, the Business Observer learns
that several key players have shown keen interest in coming to
Colombo. A senior government Minister said among the interested
parties is the Port of Singapore Authority (PSA),
The burden on the insurance industry is less as
the government has decided to pay compensation for loss and damage
of property to the victims of the ammo dump fire at the Salawa army
camp in Kosgama. Insurance industry officials said there will not be
an adverse impact on the insurance industry as the government has
undertaken to provide relief to those affected.
The Commercial Bank of Ceylon’s participation in
an initiative in Sri Lanka’s tea plantation sector to automate the
process of procurement of tea leaves and settlement for bought leaf
will result in sophisticated technology and banking services
reaching a largely under-served segment.