P.G Kumarasinghe Sirisena who served as the chairman/ non-Executive Director of E-Channelling PLC has tendered his resignation with effect from 22nd January 2020. In a stock exchange filing today (28) the company said that the registration of Mr. P.G.K.Sirisena was informed to them on the 23’d of January 2020 and on receipt of same a Resolution was circulated…
Sri Lanka’s vehicle registrations were subdued in December 2019, with total car registrations recording 2,057 units in December marginally up from 2,030 units in November but down from 2,669 units 12 months ago, according to a market report by JB Securities (Pvt.) Ltd. In the overall segment Toyota is the market leader with a 64.2%…
Norwegian Ambassador H.E. Trine Jøranli Eskedal visited Jaffna and Kilinochchi from 22 to 24 January. The highlight of her visit to the North was the opening of Sri Lanka’s first-ever floating solar plant with a capacity of 42KW located at the Kilinochchi campus of the Jaffna University. The project is a result of the research…
Sri Lankan shares fell on Monday as fears over the spreading Chinese virus continued to weigh on the global economy. The All Share Price Index (ASPI) lost 0.95% or 56.66 points to close at 5,934.63 points, while the S&P SL20 dropped to 1.37% or 39.58 points to close at 2,843.43. Market turnover was Rs.181.9 million….
Sri Lanka Telecom (SLT) the leading Digital Lifestyle Service Provider in Sri Lanka, comprises of a customer base over 1.6 million including multinational corporations, large and small corporates, public sector, retail and domestic customers. SLT indeed provides a full range of ICT services in the areas of voice, data, broadband, TV, mobile and enterprise solutions…
The dairy industry of Sri Lanka is in a transitional stage. The newly emerging large and medium scale dairy operations may convert dairy from livelihood operation to a profitable industry. Accommodation of local production in the market chain has become a challenge. Therefore, the development of infrastructure such as milk collecting networks, facilities for value…
From being second-largest importer of Sri Lankan Tea or renowned Ceylon Tea in 2018, – Turkey has emerged As Sri Lanka’s number one tea importer which was reflected in the January – November 2019 official tea export statistics released by the Sri Lanka Tea Board recently. Turkey was number 2 to Iraq in 2018 but…
Citing urgent guidelines from the Chinese goverment to combat the spread of the coronavirus, Costa Crociere, MSC, Royal Caribbean and Genting Cruise Lines have immediately suspended cruise operations in mainland China. Costa has cancelled sailings on the Serena for Jan. 25 and 31; the Atlantica on Jan. 27 and 31; the Venezia on Jan 26….
TOKYO (Reuters) – Stocks tumbled on Monday as investors grew increasingly anxious about the economic impact of China’s spreading virus outbreak, with demand spiking for safe-haven assets such as the Japanese yen and Treasury notes. Japan’s Nikkei average .N225 suffered a steep 1.8% loss, on track for the biggest one-day fall in three weeks. U.S. S&P 500…
Sri Lanka’s Indian Oil Company (IOC) owned fuel retailer Lanka IOC has posted a net profit of Rs.489.75 million for the December quarter from Rs.986.8 million loss a year earlier, the interim financial accounts released to the Colombo bourse showed. The firm has posted 92 cents in earnings per share. For the nine months ending…
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