SriLankan retains title for the fifth consecutive year SriLankan Airlines, the National Carrier of Sri Lanka and a member of the oneworld alliance has won the prestigious ‘World’s Leading Airline to the Indian Ocean’ title once again at the World Travel Awards Grand Final held in Moscow. SriLankan Airlines’ Chairman Ashok Pathirage said the latest…
During the meeting of Committee on Public Accounts (COPA) chaired by Prof. Tissa Vitharana on Wednesday (02), it was disclosed that the 2018 income deficit of the Inland Revenue Department is at Rs. 1.3 trillion. The officials representing the Inland Revenue Department said that the majority of the income deficits were to be paid by…
Colombo Dockyard PLC (CDPLC), the leader of Shipbuilding Industry in Sri Lanka and one of the most competitive Shipyards in South Asia, secured a contract to build a Cable Laying and Repair Vessel (vessel) to Orange Marine France. Orange Marine is a French company specializing in the field of submarine telecommunications, from the initial design,…
Plans have been made to re-open the airport in line with the COVID-19 guidelines enabling foreign tourists to enter the country, and it can be done as soon as it is approved by the health authorities, Tourism Minister Prasanna Ranatunga stated. The Minister said this in response to requests made by a number of MPs…
Keells Supermarkets today (03) released an official statement announcing that two of its team members from the Kalubowila store have tested positive for COVID-19. “Hence, all operation at Kalubowila store has been temporarily halted and closed for sanitization purposes,” it said. The full statement as follows:
The licensed operator of the Sri Lankan stock market, the Colombo Stock Exchange (CSE) marks a historic milestone today (03) as it completes its 35th year. Given the entrepreneurial spirit of the Sri Lankan people, the Colombo Stock Exchange builds on a share trading tradition that has existed in Sri Lanka for over a century….
Sirio Ltd Badalgama COVID-19 response statement: Sirio Ltd., Badalgama is a leading apparel manufacturer in the country providing opportunities for around 2,250 employees, and wellbeing of tens of thousands of their family members. It recommenced its operations in April this year after the closure with the assistance of PHIs and medical officers, strictly adhering to…
Prabhash Subasinghe has tendered his resignation as the Chairperson of Export Development Board (EDB), Ada Derana Biz learns. Subasinghe was appointed as the Chairperson of EDB replacing Indira Malwatte, who announced her resignation as the Chairperson of EDB on 19th November 2019, ending an over four-year stint. Prabhash Subasinghe is an ambitious and astute entrepreneur with…
Lanka Realty Investments PLC has acquired 50.8% of the issued capital of Colombo Stock Exchange listed On’ally Holdings PLC for Rs. 1,426,770,310.00 (Rs.1.42 billion). In a stock exchange filing today (03) On’ally Holdings PLC announced that Lanka Realty Investments PLC has acquired 50.8% ( 47,244,050 shares) of the issued capital (93,003,087 shares) of the company with the purchase of shares…
Insurance industry wins major legal battle against unregistered foreign brokering concerns The Civil Appellate High Court of Colombo has ruled against J B Boda, a Singapore based brokering Company in what insurance industry watchers see as a landmark judgment. JB Boda asserted in Court that it was entitled to function as a broker in Sri Lanka…
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