Reuters – Sri Lankan shares fell on Friday for a seventh straight day, closing at their lowest in six-and-a-half years, and the rupee slipped for a second day, as the Easter bombings drove off investors. ** Sri Lanka’s economic growth is expected to slump to its lowest in nearly two decades this year, a Reuters…
Leading retail brand Softlogic opened its newest outlet in Kurunegala on 10th May 2019 amidst an air of excitement, bringing five leading brands to the heart of the city. The inaugural ribbon was ceremoniously cut by Chairman/Managing Director of Softlogic Holdings PLC, Mr. Ashok Pathirage. The newest addition to Softlogic’s island-wide diverse retail network, features…
MUMBAI: Reliance Industries has acquired British toy retailer Hamleys, the energy-to-telecoms conglomerate said on Thursday. Reliance Industries, which runs the world’s biggest single-location crude oil refinery in western India, has been gradually transforming itself into a consumer-facing behemoth through its retail and telecoms ventures. Through its Reliance Brands subsidiary, the company signed an agreement to buy…
The International Cricket Council (ICC), on behalf of the Emirates Cricket Board (ECB), has charged Nuwan Zoysa for breaching four counts of the ECB Anti-Corruption Code for Participants for the T10 League (the ‘Code’) and Avishka Gunawardene for two counts. The charges relate to the T10 Cricket League played in the UAE in December last…
This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a random sample of 400 men and women covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing twelve months. STATUS OF JOB PROSPECTS OR BUSINESS PERFORMANCE Analysis of…
Reuters – Sri Lankan shares extended falls into a sixth session on Thursday and closed at their lowest levels in six-and-a-half years, due to shattered investor confidence after the Easter Sunday bombings. ** Investigators have dismantled a major part of the network linked to the Easter Sunday bombings, Prime Minister Ranil Wickremesinghe said on Tuesday,…
In a disclosure to Colombo Stock Exchange Sterling Capital Investments (Pvt.) Ltd., an exporter of Japanese vehicles to Sri Lanka, said that the company has completed its Rs. 1.36 billion takeover of People’s Merchant Finance (PMF) through a private placement of shares and a rights issue. The disclosure added that the capital infusion by…
Latest Cabinet Decisions outlined that the Cabinet of Ministers considered the facts presented by Sajith Premadasa, Minister of Housing and Constructions regarding the suspension of issuance of recommendation letters for liquor Permits for Film Halls.
Cabinet Decisions outlined that the Cabinet of Ministers approved the proposal presented by Arjuna Ranathunga, Minister of Transport and Civil Aviation to purchase 272 busses consist of 50 high back seats from Ashok Leyland Public Company for Rs.3,264 million (Rs. 3.2 Billion) under 5 year leasing basis. Meanwhile latest cabinet decisions highlighted that the Cabinet…
Recent Cabinet Decisions outlined that the Cabinet of Ministers approved the proposal presented by Arjuna Ranathunga, Minister of Transport and Civil Aviation to commence procurements to build an additional Air Cargo Terminal at Bandaranaike International Airport at Katunayake.
Video Story
