Sri Lankan shares recover from 4-1/2-month low on foreign buying
Reuters – Sri Lankan shares on Thursday edged up from their lowest close in more than four months hit in the previous session, as foreign investors bought battered shares. The Colombo stock index ended...
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ABAF 2017 to feature top speakers from 10 countries
Singularity University’s Dr. Clarence Tan, and other prominent industry leaders, headlining Next month’s Asian Business Angel Forum (ABAF) 2017 will feature prominent international speakers from...
View ArticleSri Lanka – Pakistan urged to strengthen trade and investment with a...
Sri Lanka Pakistan Business Council of the Ceylon Chamber of Commerce hosted recently a delegation from the Lahore Chamber of Commerce and Industry (LCCI). LCCI is the oldest and largest trade body in...
View ArticleBharti Airtel among Forbes Most Innovative Companies in the World 2017
Globally acclaimed Forbes magazine has named Bharti Airtel amongst the World’s 100 Most Innovative Companies 2017. The Forbes magazine which commemorates 100 years of global service, compile their...
View ArticleSri Lankan rupee ends weaker on importer dollar demand
Reuters – The Sri Lankan rupee ended marginally weaker on Friday as importer dollar demand outpaced selling of the U.S. currency by exporters and banks, dealers said. The spot rupee ended at 152.80/85...
View ArticleCommercial Bank announces special rentals during 3-month ‘Leasing Vaaré’
The Commercial Bank of Ceylon has declared September to November ‘leasing season’ and will help customers celebrate by offering extra special interest rates during these three months. Designated...
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CBL’s Convenience Foods (Lanka) PLC achieves OHSAS 18001 certification
Convenience Foods (Lanka) PLC, a subsidiary of Ceylon Biscuits Limited (CBL), the pioneer in manufacturing and marketing Lankasoy, the market leader for soya based products in Sri Lanka, was awarded...
View ArticleCeylon Chamber to hold seminar on the new ‘Inland Revenue Act’, Hon. Eran...
The Ceylon Chamber of Commerce will hold a seminar on the newly passed ‘Inland Revenue Act’ on the 11th September, 2017, which will be addressed by the State Minister of Finance, Honorable Eran...
View ArticlePetronet joint venture puts Sri Lanka on course to import LNG
Indian energy giant Petronet LNG is forming a joint venture with partners from Japan and Sri Lanka to build a shore-based LNG-import terminal near Colombo. Petronet’s announcement ends months of...
View ArticleSri Lankan shares end higher on foreign buying; tax bill weighs
Reuters – Sri Lankan shares posted their second straight session of gains on Friday, further moving away from the lowest close in more than four months hit this week, as foreign investors picked up...
View ArticleChina to invest in aquaculture sector
Chinese investors are willing to invest in aquaculture on a large scale, State Minister of Fisheries and Aquatic Resources Development Dilip Wedaarachchi said. He said that they are willing to invest...
View ArticleTea Board Chairman to deliver keynote address at 163rd AGM of the Planters’...
The 163rd Annual General Meeting (AGM) of the Planters’ Association of Ceylon, one of the plantation sector’s most important gatherings, is scheduled to take place at the Grand Ballroom of the Galadari...
View ArticleFitch: Reinsurance Keeps Sri Lankan Insurers Afloat Amid Floods
Most Sri Lankan non-life insurers should be able to absorb near-term volatility and the effects of adverse weather-related events given extensive use of reinsurance, says Fitch Ratings. However,...
View ArticlePyxle Limited partners with Tavistock Group to launch Pyxle International
Pyxle Limited (Pyxle), a leading local software development company, announces its partnership with the Tavistock Group (Tavistock), a multi-billion dollar private investment organization with over 200...
View ArticleSri Lankan shares close little changed in dull trade; tax bill weighs on mkt
Reuters – Sri Lankan shares closed little changed in low turnover on Monday as investors waited for clarity on the new tax bill. The parliament passed tax reforms on Thursday that should simplify the...
View ArticleVolkswagen to offer electric versions of all of its vehicles by 2030
Volkswagen is the latest carmaker to announce a move to electrify its entire range of automobile offerings: The carmaker will provide either hybrid or electric versions of every one of its 300 models...
View ArticleWomen’s Chamber Chairperson hails new Local Government quota for women
Women’s Chamber of Industries and Commerce (WCIC) and SAARC Chamber Women Entrepreneur Council (SCWEC) Chairperson, Rifa Mustapha congratulated the government on its progressive legislation to bring a...
View ArticleUS lawmakers oppose 92 per cent cut in aid to Sri Lanka
The Indian Express – Citing the geographical and strategic location of Sri Lanka, a Senate committee has opposed Trump Administration’s proposal of a drastic 92 per cent cut in American aid to the...
View ArticleMobitel partners with Fairfirst Insurance
The National Mobile Service Provider Mobitel, has partnered with Fairfirst Insurance to offer customers an innovative micro-insurance cover that provides customers financial assistance when the insured...
View ArticleLeading telecom company acquires a finance company
Cargills Bank Ltd, the majority shareholder of Colombo Trust Finance PLC, has sold its 80.34% stake in the company today (12), according to sources. A total of 37,374,598 shares of Colombo Trust...
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