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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Good News For AEL AEL AEL "Colombo Port City to begin work soon" "Northern Express way Starts in Couple of days"

Good News For AEL AEL AEL "Colombo Port City to begin work soon" "Northern Express way Starts in Couple of days"

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Arun490


Equity Analytic
Equity Analytic

Colombo Port City to begin work soon'


Shirajiv Sirimane

Colombo Port City, the biggest Chinese invested project in Sri Lanka will move on, Board of Investment Chairman, Upul Jayasuriya said.
Speaking at the Sri Lanka China Business Forum and B2B Meetings he said that the project will be in action sooner than later. "There are some environmental issues that needs to be attended and solutions found for. After that the project will re-commence."
Jayasuriya also said Sri Lanka introduced the open economy in 1978 even before Malaysia, Indonesia, India, Pakistan and many other countries. However, due to the war situation in the country Sri Lanka fell back. However with peace, Sri Lanka today is a place much sought after by many."
He said in addition to peace, a corrupt free society where 'fair play' and 'rule of law' is effective is a must for investors. This too has now being created," he said.
Jayasuriya said that one of the biggest finance of Sri Lanka China relationships will be the implementation of the FTA. "This China Lanka FTA should have taken place before, since Chinese investments increased in the last decade.
He also said that this visit by the Chinese entrepreneurs will further help to increase trade and investment between the two countries.
Chamber of Commerce Secretary General and CEO Mangala P B Yapa said this is the biggest ever Chinese business delegation. The Sri Lanka-China Business Forum is jointly organized by the Beijing Lansing Century Exhibition Company in association with the Ceylon Chamber of Commerce.
Persistent efforts needs to taken, both at the government as well as the private sector level for a comprehensive engagement to market both our nations together, as partners in progress," he said.
"Trade between our two countries have increased rapidly during last couple of years. We also observe the increased number of tourists visiting Sri Lanka due to many promotional campaigns organized by the Sri Lanka Tourism Development Authority in China. We wish to encourage more Chinese tourists to visit Sri Lanka."
"In November 2014, the Chamber was instrumental in leading a successful business promotion mission to China, that included 22 leading business entities and we are glad to note that this mission resulted in several trade agreements were concluded to export products from Sri Lanka to China," he recalled.
Deputy Division Director, Liaoning Provincial Bureau of Foreign Trade and Economic Corporation Sui Yetuo said the 48 member delegation includes members from electronic to heavy industries sector.
He said that the visit by President Maithripala Sirisena to China has given their investors further confidence to invest in Sri Lanka. 

[size=32]Work on Northern Expressway to begin soon[/size]


Finance Minister Ravi Karunanayake said today everything was in place to begin the construction of the first phase of the Northern Expressway within a couple of days.

The minister said the construction was estimated to cost US$2.3 billion and that they had received the funds for the project.

“We have received the funds to begin the construction of the Northern Expressway. We will start work by next week. We have obtained permission to begin the construction of the expressway which is 54 km from Colombo to Kurunegala, 30 km from Kurunegala to Kandy and 29 km from Kandy to Dambulla,” he said.

The minister said the government was not prepared to allocate funds for fraudulent development projects initiated by the previous government.
He said the government would show that the development projects were back on track nullifying claims that development projects were at a standstill.

Dhehan

Dhehan
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
At least a bit relief for AEL holders.

wisdom79

wisdom79
Vice President - Equity Analytics
Vice President - Equity Analytics
It was 40 recently but came down without a reason, and only the government change but they have signed some constructions and it will be started again.

Now IT IS IN A VERY LOW PRICE, I THINK IT WILL REACH OVER 50........! IT IS A WELL MANAGING  LEADING COMPANY. HAVE A WONDERFUL PROFIT....!

wisdom79

wisdom79
Vice President - Equity Analytics
Vice President - Equity Analytics
DIVIDEND ANNOUNCEMENT   
08 June 2015
Date of Announcement: - 08.Jun.2015 
Dividend per Share: - Rs. 0.25 per share / Final Dividend 
Financial Year: - 2014/2015 
XD: - 17.Jun.2015 
Payment: - 26.Jun.2015 
Share Transfer Book Open 
Extra money for a cup of tea, it is not a loss company!
 tomorrow morning it will blast and fly.... look how!

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