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ICC confirm smart watches are not permitted on the field of play

Communications devices are prohibited within the Player and Match Officials Area (PMOA) Regulations The International Cricket Council (ICC) confirmed that under the Player and Match Officials Area (PMOA) Regulations, smart watches are not permitted to be worn on the field and in areas designated as PMOA. Communications devices are prohibited within the PMOA and no…

(0)Comments | May 28, 2018 4:07 pm

Nawaloka Air Services ties up with South Korea’s only university with its own runway

Nawaloka Air Services, a fully-owned subsidiary of the Nawaloka Holdings recently tied up with one of the most prestigious universities in South Korea to provide exceptional aviation related study programmes to Sri Lankan students. Hanseo University is a private university which was established in 1991. The aviation school was added a decade later in 2001,…

(0)Comments | May 28, 2018 1:14 pm

PGC declares a 18% dividend, Turnover crosses Rs 6.8 Billion

Piramal Glass Ceylon PLC (PGC) completes yet another challenging year with a turnover of Rs.6,816 Mn & PAT of Rs.344 Mn. Whilst the turnover increase was marginal when compared to the previous year, it was the highest ever turnover recorded by the company. A total revenue achieved for the year was Rs.6,816 Mn as against…

(0)Comments | May 28, 2018 11:42 am

Combank wins two coveted titles at ‘Asian Banker Transaction Awards’

Adjudged ‘Best Transaction Bank in Sri Lanka’ and ‘Best Trade Finance Bank in Sri Lanka’ The Commercial Bank of Ceylon has been honoured with the awards for ‘The Best Transaction Bank in Sri Lanka’ and ‘The Best Trade Finance Bank in Sri Lanka’ at the 2018 Asian Banker Transaction Awards, adding two more prestigious titles…

(0)Comments | May 28, 2018 11:41 am

CAL joins hands with regional Investment Banks to provide integrated access to South Asia’s frontier markets

Capital Alliance (CAL) has signed an MoU with AKD Securities Limited and Pakistan and Lanka Bangla Securities Limited in Bangladesh with the objective of providing investors with a single investment platform via which they can access South Asia’s leading frontier markets. The MoU, which comes against the backdrop of the successful inaugural South Asia Investor…

(0)Comments | May 28, 2018 11:07 am

Sri Lankan shares slip; diversified stocks top drag

Reuters – Sri Lankan shares closed slightly weaker on Friday as investors sold diversified stocks such as John Keells Holdings Plc, while block deals boosted turnover. Local Investors continued to stay on the sidelines as they waited for some cues about the real impact of floods, while worries over a weaker rupee, political uncertainty and…

(0)Comments | May 26, 2018 2:02 pm

Harry J ventures into Cement via Melstacorp in a deal with Pyramid Wilmar

Billionaire Harry Jayawardena controlled Melstacorp PLC in disclosure to Colombo Stock Exchange (CSE), said that company has entered into a joint venture agreement with effect from 18th May 2018 with Pyramid Gama (Pvt) Ltd for importation, processing, packaging and distribution of cement to be undertaken through a joint venture company in the name of Melsta…

(0)Comments | May 25, 2018 3:03 pm

HNB regrets unauthorized incident at branch and says action taken– Official FB post

In a surprising move without referring to any specific described incidents, one of Sri Lanka’s leading listed Bank – privately owned for the name sake, but also government controlled via state controlled bodies’ share ownership – Hatton National Bank (HNB) in company’s official Facebook page said in three consecutive posts that the “HNB does not…

(0)Comments | May 25, 2018 2:55 pm

Sri Lanka’s Dialog Axiata and Mobitel among leading 13 Global operators that deployed Mobile IOT

Whilst a total of 48 commercial Narrowband IoT (NB-IoT) and LTE-Mobile (LTE-M) had been launched worldwide as of the end of April, according to the GSMA, Sri Lanka’s Dialog Axiata and Mobitel among leading 13 Global operators that deployed Mobile IOT solutions, including all of China’s big three operators – China Mobile, China Telecom and…

(0)Comments | May 25, 2018 11:25 am

Sri Lankan shares edge up from 1-week closing low

Reuters – Sri Lankan shares rose slightly on Thursday after posting their lowest close in more than one week in the previous session, as investors picked up beverage stocks while block deals lifted turnover. Investors continued to stay on the sidelines as they waited for some cues about the real impact of floods, while worries…

(0)Comments | May 25, 2018 10:55 am