Moody’s Analytics Knowledge Services has rebranded as Acuity Knowledge Partners (Acuity) following the completion of its management buyout from Moody’s Corporation, supported by the European mid-market private equity investor Equistone Partners Europe (Equistone). Acuity, a leading provider of bespoke research, analytics and automation technology to the financial services sector, has also appointed Philip Gore-Randall as…
The second South Asia Investment Conference (SAIC) jointly organized by Capital Alliance Securities (Pvt) Ltd (CAL), AKD Securities and Lanka Bangla Securities Ltd was successfully held in Singapore this week. The conference played host to round-the-clock meetings attracting over 100 participants. Included herein were institutional investors from seven countries and some of South Asia’s top…
Sri Lanka Tourism Promotion Bureau was able to further spread the message to the world regarding Sri Lanka ‘s unique potential as a travel destination, by bringing down the Italian based female Travel Blogger, Claudia Tavani, under SLTPB ‘s Travel Blogger & Influencer program. She runs the popular travel blog ‘’My Adventure across the world’’…
The Hayleys Group, Sri Lanka’s most diversified conglomerate, posted improvements in turnover, operating performance and overall profitability during the 2nd quarter of 2019/20 supported by the strong performance of its export businesses. Meanwhile the Group also recorded an improvement in turnover and operating profit for the 1H of 2019/20, although overall profitability was pressured by…
Professor Rohan Samarajiva has been appointed as a member of the Advisory Group of UN Secretary-General’s High-level Panel on Digital Cooperation. The UN Secretary-General’s Strategy on new technologies has called for the responsible adoption of AI and other frontier technologies to achieve the Sustainable Development Goals of the 2030 Agenda. The UN Secretary-General’s High-level Panel on…
LOLC Group’s subsidiary company, Browns Investments PLC, signed an agreement with the Barceló Hotel Group to develop a three hotels complex in North Male’ Atoll, Maldives and to manage five leisure properties of Browns Hotels and Resorts in Sri Lanka and Maldives. With the signing of their latest management agreement with Browns Investments, Barceló Group…
The proposal made by the Minister of Power, Energy and Business Development, to award the contract for the Construction of Primary Substations, Distribution Substations and Cables in Dehiwala – Mt.Lavinia and Battaramulla under Package 4 Lot A of the National Transmission and Distribution Network Development and Efficiency Improvement Project to the joint venture of M/s…
Sri Lanka’s Ceylon Tobacco Company PLC (CTC) in their latest quarterly financials outline that the Government increasing the Excise duty on cigarettes in August 2018 and March 2019 lead to a price increase of legal cigarettes. As a result, the Ceylon Tobacco Company’s sales volume for the third quarter ended 30th September 2019 had reduced…
The Singer Group reported consolidated revenues of Rs.27.1 billion for the first half which ended 30th September 2019 and Company Singer (Sri Lanka) PLC which is the main marketing arm of the Group records Rs 22 billion for same period which is 3% above the Prior Year. Company revenue in second quarter grew over prior year by 7%….
Sri Lanka’s first internationally developed and managed mixed-use project featuring Colombo’s largest retail mall and newest Grade A office tower Seven years after it broke ground, the much-anticipated One Galle Face (OGF) integrated project was officially opened this morning by His Excellency Maithripala Sirisena, President of the Democratic Socialist Republic of Sri Lanka and by…
Video Story
