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March 5, 2023
Researched and written by Mr. Rama Somasunderam retired State Secretary of the Ministry of Transport (1990) and retired Additional Secretary of the Ministry of Mahaweli (SLAS). This was called the Jaffna Peninsula Lagoon Scheme which is located at Elephant Pass which is located 30 miles South East of Jaffna. The lagoon is 19,000 acres and […]
November 20, 2022
Murugappan is the chairman of the board of Cyient Ltd (Hyderabad) and an independent director of Carson Cumberbatch (Sri Lanka).
May 6, 2022
Orient Finance PLC, a member of the Janashakthi Group, announced the appointment of veteran banker, Rajendra Theagarajah, as the company’s Non-Executive, Independent Director and Chairman of the Board with effect from 28 April 2022. Taking the helm of the company post the untimely demise of former Chairman, Anil Tittawella, Rajendra Theagarajah will be playing a...
May 1, 2022
By ACB Pethiyagoda Some weeks ago Gamini Seneviratne reminisced in a very readable and amusing article in this paper of good times public servants had in Nuwara Eliya in the 1960s. These were particularly when on circuit to villages in the backwoods with food, drink and good company. No one would have grudged them that […]
March 9, 2022
Sara Seeya, who cultivated the paddy fields in the Bellanwila marsh, before a jogging track and a lake were built there, told me this when he came to meet me recently one evening. While we were talking there was a power cut. He stopped talking and started laughing. I was rather surprised and cursed the […]
March 9, 2022
Appreciation Segarajasingham Nagendra, known as Sega, met the love of his life when they were both children. Eight years her senior, Sega was the playmate and bodyguard of his cousin Sarla Murugaser. Both were direct descendants of Sir Ponnamabalam Arunachalam, being this illustrious Ceylonese’ great-grandchildren down different lines. As they grew up, the newly qualified […]
March 1, 2022
March 1, 2022 (LBO) - They don't make them like they used to anymore. Senior corporate personality Sega Nagendra passed away suddenly on 28th of February 2022. Sega Nagendra was a fixture on the Sri Lankan corporate circuit. Everyone seemed to know him, and there was always positivity when his name
October 11, 2021
Suresh Kumar Shah is one of Sri Lanka’s most respected corporate leaders, renowned for his impeccable leadership and unwavering commitment to good governance. He served as the Founding CEO/Director of Lion Brewery Ceylon PLC and continues to sit on the Board of its parent, Carson Cumberbatch PLC. He currently serves as Chairman of Ceylon Tobacco...
October 7, 2021
Sri Lanka stocks touch a new record high on Thursday (7)
January 14, 2021
Fitch Ratings has taken rating action on Sri Lankan non-financial corporates following the recalibration of its Sri Lankan National Rating scale to reflect changes in the relative creditworthiness among the country’s issuers following the downgrade of the sovereign rating to ‘CCC’ from ‘B-‘ on 27 November 2020. Fitch typically does not assign Outlooks or apply modifiers to sovereigns with a rating of ‘CCC’ or below. For details, see “Fitch Ratings Recalibrates its Sri Lankan Nat...