Nimal Perera, a prominent Sri Lankan businessman and share market investor has stepped down from the positions he has held in several listed companies. His letter of resignation from the post of Managing Director at Royal Ceramics PLC with effect from 07 Match 2017 has been accepted by the company’s board of directors. Furthermore, from…
Colombo’s once static skyline is now in the midst of a vast transformational process and at the forefront of this immense development is Shangri-La, Asia Pacific’s leading luxury hotel, resort and residential group, with its very first mixed development project, One Galle Face. A rendition of the luxury apartment, the ‘New Show Suite’, located inside…
IFC, a member of the World Bank Group, and Sri Lanka Institute of Directors (SLID) joined the Colombo Stock Exchange (CSE) yesterday (08) to ring the opening bell for trading to raise awareness on the need for gender equality in Sri Lanka. Marking International Women’s Day, the “Ring the Bell for Gender Equality” event is…
India’s MBD, one of the country’s largest education companies, will gift two Sri Lankan schools with two integrated digital learning solutions. The two schools are Nakkawatta Central college in Kuliyapitiya and Gannethena Maha Vidyalaya in Hingula Mawanella. This is part of the Group’s objective is to encourage Sri Lankan students to venture into e-Learning, a…
Reuters – Sri Lankan shares fell to their lowest close in one month on Wednesday, led by financial and telecommunication stocks as investor sentiment continued to remain low on concerns about rising interest rates. Foreign investors were net buyers for the sixth straight session, purchasing shares worth 154.8 million rupees ($1.02 million), and extending the…
Total income Rs 23.4 billion; Life Fund tops Rs 78 billion; Investment portfolio swells to Rs 80.7 billion Strong growth in new business and noteworthy returns on investments generated Rs 23.43 billion in total income for Ceylinco Life in FY 2016, during which the company retained its position as the market leader in Sri…
In recent years, the integration of digital technologies has been exclusive only to the nation’s entertainment and ICT sectors. The education sector, however, remains impervious to digitalization owing to a 27% national IT literacy rate. And the inaccessibility of web-based information, particularly in avenues for post-secondary education, has led to an indecisive tech-savvy generation. Prompting…
President Maithripala Sirisena, who is on a state visit to Indonesia to attend the Indian Ocean Rim Association Leaders’ Summit, met with the Indonesian President Joko Widodo, today (8th March). The Indonesian President warmly welcomed President Sirisena at the Merdeka Palace, the official residence of the President of Indonesia, marking the first state visit to…
During his meeting with Sri Lankan Ambassador Amunugama, the Chairman of the Chamber of Commerce in Bremen, Harald Emigholz, has assured that the German Chambers will work with their Sri Lankan counterparts to enhance economic relations between Sri Lanka and Germany. Joining the meeting, the Director General of Indo-German Chamber of Commerce (Mumbai, Delhi,…
HR practitioners representing firms from diverse sectors will present their expert insights on how to manage talent in order to become an innovation driven business, during the ‘Plenary 1’ of the upcoming ‘Future of Business – Innovation Strategy and Learning Event’ of the Ceylon Chamber. The session titled, ‘Managing the Millennial Worker’ will focus…
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