The Supreme Court on Wednesday banned the sale and registration of Bharat Stage (BS)-III emission norm-compliant vehicles from April 1, saying the health of millions was more important than commercial interests. The decision could deal a Rs 12,000-crore blow to auto manufactures as about 820,000 vehicles, most of them two-wheelers, are lying unsold. India will…
UAE Exchange, a leading global remittance, foreign exchange and payment solutions brand, has partnered with eZ Cash, Sri Lanka’s largest and pioneering mobile payment network managed by Dialog Axiata, for instant mobile wallet credit. With this service, Sri Lankan expatriates residing in the UAE can now transfer funds instantly to their beneficiary’s mobile wallet in…
Reuters – Sri Lankan shares rose for a second straight session on Wednesday, posting their highest close in nearly one week, helped by foreign investor buying and quarter-end window dressing, stockbrokers said. The Colombo stock index closed 0.61 percent firmer at 6,021.54, its highest close since March 21. It had closed at its lowest since…
Dentsu Aegis Network has announced its acquisition of Grant Group, Sri Lanka’s largest independent agency. The takeover marks Dentsu’s first entrance into the maket. Grant Group was set up in 1958 by Deshabandu Reggie Candappa, an industry pioneer in Sri Lanka. It became Sri Lanka’s first international advertising agency, and now has 150 staff across…
Abu Dhabi, UNITED ARAB EMIRATES: Etihad Airways is reassuring passengers of its highest level of service to minimise disruption following the introduction of a new US travel directive on electronic devices. Effective March 25, passengers on all US-bound flights from, or transiting through, Abu Dhabi International Airport will not be permitted to carry electronic…
Perceived Economic Opportunity PEO: January, 2017 Expectation On Ability To Save Decreses Despite The Upward Trend Of Expectation For Reduction Of Corruption With The Establishment Of A Special Presidential Commission To Investigate The Central Bank Bond Issue This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey…
Bloomberg – European Union regulators dealt a final blow to Deutsche Boerse AG’s planned takeover of London Stock Exchange Group Plc, a symbolic block on EU-U.K. integration on the same day Britain formally serves notice of its decision to quit the EU. The $14 billion deal to create Europe’s biggest exchange would have harmed competition…
A 25 member Sri Lankan business delegation led by Sri Lanka – Russia Business Council of the Ceylon Chamber of Commerce together with the Sri Lankan Embassy in the Russian Federation visited Moscow last week. The business delegation, which was led by President of the Sri Lanka – Russia Business Council, Mr. Isuru Samarasinghe, Managing…
The Colombo Stock Exchange (CSE) and the Sydney Stock Exchange (SSX) recently entered into a memorandum of understanding (MoU) to broaden mutual development and create new links between Australian and Sri Lankan businesses and capital markets. The agreement was inked at the backdrop of the Invest Sri Lanka Forum that took place in Sydney last…
Reuters – Sri Lankan shares closed slightly stronger on Tuesday, recovering from a more than one-year closing low hit in the previous session, as foreign investors bought battered stocks while block deals pushed the day’s turnover to a one-month high. The Colombo stock index closed 0.17 percent firmer at 5,985.08, closing below a key psychological…
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