Hemas Holdings in partnership with Minor Hotels is pleased to announce the launch of the second Anantara resort in Sri Lanka. Anantara Kalutara Resort, offering 141 guest rooms, suites and pool villas, is located on the Kalutara peninsula between the Indian Ocean and Kalu Ganga providing coastal, river and lagoon frontage. The property was originally…
Taking Sri Lanka’s education sphere to greater heights, the National institute of Business Management (NSBM) Green University Town, first of its kind in South Asia, will soon open its doors for the benefit of all Sri Lankans. This state-of-the-art university is spread over an area of 26 acres and has been designed to provide an…
Proposals for Budget 2017 from Trade Unions of Public sector, Statutory boards and Private sector were collected yesterday (24th Oct.) at a meeting held with the patronage of Finance Minister Ravi Karunanayake at the Ministry of Finance. Representatives of several Public sector Trade Unions participated in this event. The proposals which should be included in…
Reuters – Sri Lankan shares closed Monday at their lowest in 12 weeks in lean trade as investors awaited cues from the central government budget and the five-year plan ahead of corporate results. Sri Lanka’s quarterly earnings season started two weeks back, but the bulk of locally listed firms will not report until late October…
A fee levying system for recharging electric cars and a electronic card for same was introduced at a ceremony held at the Kelanitissa power station presided by Power and Renewable Energy Minister Ranjith Siyambalapitiya. It provides electric car owners a simple process to re-charge their cars at a minimum cost during peak and non peak…
In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri Lanka entered into a Memorandum of Understanding (MOU) with the Department of Inland Revenue on October 19, 2016 at the Central Bank of Sri Lanka to exchange information in order to facilitate…
The Annual General Meeting (AGM) of the Sri Lanka – China Business Council (SLCHBC) of the Ceylon Chamber of Commerce (CCC) was held recently at Hilton Colombo Residences electing Mr. Lasantha Wickremesooriya as the President. The Chief Guest of the event was the Ambassador of the People’s Republic of China, H. E. Yi Xianliang. Addressing…
The Rs 5 billion debenture issue of Commercial Bank of Ceylon PLC closed within minutes of opening on Monday, 24th October after it was oversubscribed twice over, the Bank has announced. The Bank received a substantial amount of applications and has decided to exercise its option of enlarging the issue to Rs 7 billion, the…
Minister of Industry and Commerce Rishad Bathiudeen inaugurates State Trading Corporation (STC) showroom in Sainthamaruthu amidst huge Eastern crowds joined by Minister of Provincial Councils and Local Government Faiszer Musthapha on 22 October. Having posted strong profits for 2016, Sri Lanka’s official supply giant to the state has entered the District of Ampara to serve…
SriLankan Airlines (www.srilankan.com) enhanced its position of prominence in South Asia’s corporate sector by winning two prestigious accolades for Human Resources Practices and Corporate Social Responsibility at the Sri Lanka Best Employer Brand Awards and the South Asian Partnership Summit & Business Awards 2016 (SAPS) of the World HRD Congress respectively. Colonel Sunil Peiris, Director…
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