BIZ

LOLC gets approval to build hotel in Port City!

Published

2 years ago

April 24, 2023

editor

Preliminary approval has been given to set up an international school, a hospital of international standards, a financial center and a tourist hotel of international standards in the Colombo Port City.

The international school, which can cater to about 1,000 students, is a project of about USD 40 million.

The 1,000-bed international hospital is an investment of USD 105 million.

The International Financial Center is a USD 500 million investment and construction is scheduled to begin in the next three months.

It was reported that about USD 14 million will be spent for the initial construction of a five-star hotel named Marina Hotel which is an investment by the reputed firm LOLC.

Accordingly, the total investment value is about USD 650.9 million.

Source – Deshaya

BIZ

MRP issued for bottled drinking water

Published

13 hours ago

April 3, 2025

editor

The Consumer Affairs Authority (CAA) has issued a Gazette notification stipulating the Maximum Retail Price (MRP) for bottled drinking water.
As per the Gazette notification, the MRP is effective from April 01, 2025.

Accordingly, the MRP for bottled drinking water are as follows;

500 – 999 ml bottles – Rs.70
01 -1.499 L bottles – Rs.100
1.5 -1.999 L bottles – Rs.130
02 – 2.499 L bottles – Rs.160
05 – 6.999 L bottles – Rs.350

(Newswire)

BIZ

‘Beedi’ tax upped

Published

19 hours ago

April 3, 2025

editor

The Ministry of Finance has increased the Tobacco Tax on all ‘Beedi’ products,with effective from yesterday (April 02).

Accordingly, the relevant tax will be increased from Rs. 02 to Rs. 03, resulting in the price hike of a rupee.

BIZ

Cargills Bank issues statement on cybersecurity incident

Published

1 day ago

April 2, 2025

editor

Private bank in Sri Lanka – Cargills Bank PLC has today (April 02) released another statement, updating the situation over a recent cyber security incident.

Cargills Bank PLC notes that despite the incident, the bank’s core operations remain fully secure and functional.

It adds that all banking services continue to function normally, and customers may carry out their transactions with complete confidence.

Previously, the bank had stated that an unauthorized party had claimed access to some of the bank’s data and subsequently published them.

The matter is said to be possibly the largest data breach in the country’s history.

The matter was also taken up by journalists at today’s cabinet media briefing. Responding, Cabinet spokesman – Minister Nalinda Jayatissa said that although the issue wasn’t taken up by the Cabinet Ministers yesterday, he believed that it may have been addressed by the Security Council.