'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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