Contrary to inaccurate reports in the press, the management of SriLankan Airlines would like to point out that since the Unity government was formed, the airline’s losses have been dramatically reduced. The table below clearly shows this: LKR 91.8 Billion in losses between 2011 & 2015 reduced to a fraction of this colossal number by…
Reuters – Sri Lankan shares on Wednesday bounced from their five-week closing low hit in the previous session, led by gains in conglomerate John Keells Holdings Plc and with foreign investors buying into the island nation’s risky assets. The Colombo stock index ended 0.32 percent firmer at 6,669.73, edging up from its lowest close since…
Minister of Labour, Trade Union Relations and Sabaragamu Development W.D.J. Seneviratne said that ‘Sri Lanka will make every endeavor to be an active partner of the ILO in achieving the anticipated goals of the green initiative”. The Minister encouraged the ILO to provide a platform for effective global dialogue, to facilitate technology transfer from developed…
The Colombo Stock Exchange (CSE) announces the following changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2017 mid-year index rebalance. A revision of the S&P SL 20 methodology in March 2017 established the practice of a semiannual rebalance of the index (previously conducted annually), which is…
Comprehensive insights indicate increasing role of Realty in the Sri Lankan growth story Key Findings: Sri Lanka debut ranking of 69 on JLL’s Global Real Estate Transparency Index Colombo office market comprises nearly 1 million square feet of Grade A stock at 95% occupancy Increased demand for residential property from wealthy and middle classes. Growing…
By laying the foundation for one of the biggest and most modern battery factories, Daimler AG is setting new standards in the international automotive industry, thereby taking the next strategic step in its electric offensive. At the wholly-owned subsidiary ACCUMOTIVE in Kamenz, the second factory for lithium-ion batteries is built with an investment of around…
New services to Hyderabad, Visakhapatnam and Coimbatore SriLankan Airlines will further strengthen its position as the largest foreign carrier into India with the launch of services to three more cities – Hyderabad, Visakhapatnam and Coimbatore – in July 2017, increasing to 14 the number of cities in the vast Indian market. Accordingly services to…
150 years ago, the pioneers of Ceylon Tea, cultivated the land, built the infrastructure and laid out the foundation for an industry to be nurtured and grown. Today, producing 350 million kilograms annually and employing over two percent of the population of Sri Lanka, Ceylon Tea has become one of the top five export earners…
The Retail Leadership Excellence Program that drew to a successful finish on 24th May 2017 was the very first retail learning workshop that was organized by SLRA. This workshop saw more than 40 executive and middle level employees learning of managing retail business effectively, developing leadership skills, effective communication, operational excellence, customer care skills development…
Reuters – Sri Lankan shares on Tuesday hit their lowest close in more than five weeks due to profit-booking in blue chips, although foreign investors actively bought into the island nation’s risky assets. Foreign investors were net buyers of 389.9 million rupees worth of shares, extending the year-to-date net foreign inflow to 20.7 billion rupees….
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