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Business Sentiment – BIZ Confidence Takes a Nosedive
Dim prospects on the economic front put corporates on the back foot Plans to develop the Hambantota Port – with the state-owned China Merchants Port paying an estimated US$ 1.1 billion for a 70...
View ArticleDialog Acquires 80% of Colombo Trust Finance
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider announced today (12) that it had successfully completed the acquisition of an 80.34% stake in Colombo Trust Finance PLC (CTF) from Cargills...
View ArticleSri Lankan shares end marginally higher; block deals boost turnover
Reuters – Sri Lankan shares ended with modest gains on Tuesday as local investors picked up beverage and trading shares, while block deals boosted the turnover to more than a two-month high. The...
View ArticleRoofing tiles, footwear and leather goods manufacturers meet President
Representatives of All-Island Roofing Tiles Manufacturers’ Association and the Footwear and Leather Goods Manufacturers Association met President Maithripala Sirisena on 11th September at the...
View ArticleFocused on core banking, Cargills Bank divests controlling interest in...
Cargills Bank Limited is pleased to announce the divesture of 80.34% stake controlling interest in Colombo Trust Finance PLC (CTF) to Dialog Axiata PLC. Upon obtaining approval from the Monetary Board...
View ArticlePaving the way for BIGDATA Analytics in Sri Lanka
By Zahir Fuard: Sri Lanka is a land which is well acquainted with the concept of precognition, and a persistent desire to predict the future. Even the most rational among us cannot help but be tempted...
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CSE and SEC to host next Invest Sri Lanka Forum in New York
The “Invest Sri Lanka Investor Forum” organized by the Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) in association with CSE Member Firms and leading Listed...
View ArticleCocoon Resort & Villas focuses on going green
In a day and age where “going green” is limited to a marketing tactic and everyone wants to get on the eco-friendly bandwagon, few establishments actually stay true to their word and quite literally...
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VLCC introduces Elixir Therapy in Sri Lanka with outstanding weight loss results
Modern day lifestyles and the constant rat race for success have left a large portion of the global population unhealthy and unfit. More so by the food choices we make in order to keep up with the pace...
View ArticleSri Lanka to export cannabis from first plantation
Colombo (AFP) – Sri Lanka is to launch its first official cannabis plantation to supply the traditional medicine market and export to the United States, the health minister said Wednesday. Rajitha...
View ArticleElephant House unveils LEMOKI, the perfect Lemon and Kiwi combo
Sri Lanka’s own Elephant House has unveiled its most exotic beverage to date, LEMOKI; the perfect combo of Lemon and Kiwi flavours. This is the first time that a beverage with Kiwi and Lemon has been...
View ArticleVenture Engine 2017 progresses to ‘Workshops’ phase
Sri Lanka’s pioneering entrepreneurship acceleration and empowerment program Venture Engine has begun holding workshops for 23 companies with the true potential, and skill, required to make it all the...
View ArticleSri Lanka vows third-gen economic reforms, unveils first SME incubator &...
Sri Lanka unveiled its first ever SME incubator on 13 September and vowed its third generation economic reforms shall be led by innovation, technology transfer and SMEs. “We need to change our...
View ArticleEU praises progress but stresses many areas of reform yet to be delivered
The European Union today praised the Government of Sri Lanka for the progress made in advancing human rights, labour and environmental standards, but stressed that there were still many areas where...
View ArticleEmirates celebrates its 100th A380 purchase with special fares from Colombo
Almost a month to the day it operated the first ever commercial A380 flight to Sri Lanka, Emirates is offering travellers from Colombo a chance to celebrate the forthcoming delivery of its 100th A380...
View ArticleCommercial Bank wins two awards from International Banker – UK
Adjudged ‘Best Commercial Bank of the Year’ and receives ‘Best Innovation in Retail Banking’ for 2017 The Commercial Bank of Ceylon won the awards for the ‘Best Commercial Bank of the Year’ and ‘Best...
View ArticleHayleys to buy majority stake in Singer
Reuters – Sri Lankan conglomerate Hayleys Plc is to buy a 61.73 percent stake in Singer Sri Lanka Plc for 10.9 billion rupees ($71 million), the company said on Wednesday. Hayleys said it has agreed to...
View ArticleHassle-free commuting for bookaholics from PickMe at Colombo International...
For the third consecutive year, homegrown taxi hailing service PickMe will be rolling out a special transport plan for those visiting the Colombo international Book Fair (CIBF) from 15 to 24 September...
View ArticleHNB and Visa announce an entirely new airport experience for cardholders with...
Sri Lanka’s most innovative bank, HNB PLC, announced a breakthrough partnership with Visa to deliver a special range of benefits for the HNB Visa Infinite and Visa Signature cardholders including...
View ArticleKeells Super customers donate Rs. 2.5 million towards ‘Little Hearts’ Project
Keells Super announced the completion of a fundraising campaign for the Little Hearts Project, with the donation of Rs. 2.5 million towards the treatment of children diagnosed with Congenital Heart...
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