Reuters – Sri Lankan shares fell for the second straight session on Monday in thin trading volume amid worries over economic slowdown and lack of investor appetite for risky assets. ** Traders said the Easter day bombings and aftermath violence weighed on investor sentiment. Most investors have shied away from the market since the April…
Hong Kong (CNN Business) – Ren Zhengfei, the CEO and founder of embattled Chinese tech company Huawei, is defending US rival Apple. Asked in an interview with Bloomberg about calls in China to boycott Apple (AAPL), Ren said he would be opposed to any such retaliatory action from Beijing even as tensions with the United…
The Sri Lanka Ports Authority (SLPA) observes recent reports in the press about the envisaged Memorandum of Cooperation (MoC) between the three governments of Sri Lanka, Japan and India on the East Container Terminal of the Port of Colombo and makes the following release to both clarify and inform interested stakeholders. Firstly, the Authority believes…
It looks like the US Government is planning to blacklist two of China’s biggest companies soon. In a report published by The New York Times, unnamed sources claimed that the US is considering to blacklist China’s surveillance company, Hikvision. DJI, on the other hand, said they can’t predict the future and the best they can do…
The Sri Lankan Association of Software and Services Companies (SLASSCOM) is pleased to announce the signing of a Strategic Partnership with the Sri Lanka Association of Non-State Higher Education Institutes (SLANSHEI), the umbrella organization formed through the initiation of seven leading private educational bodies addressing the needs of the non-state higher education sector in the…
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, announced its partnership with Netflix, the world’s leading internet entertainment service. This partnership will enable all Dialog postpaid mobile customers to simply add their Netflix subscription fee to their monthly mobile bill, offering them unparalleled convenience and security. This direct billing feature eliminates the need for Dialog…
The Port of Colombo Container Volumes recorded an increase in the month of April 2019 by 9.1% compared to the same period last year. Port of Colombo comprising of Jaya Container Terminal (JCT), South Asia Gateway Terminal (SAGT) and the Colombo International Container Terminal (CICT), has seen a cumulative volume growth of 5.9% for the…
Sri Lanka’s foremost conglomerate, John Keells Holdings (JKH) Group’s Profit After Taxation (PAT) at Rs. 16.24 billion for the Financial Year (FY) 2018/2019, is a decrease of 30% compared to PAT of Rs.23.12 billion reported during the Financial Year 2017/2018, the latest annual financials of the JKH highlights. Accordingly the highest contributors to Group…
The New Zealand Readers Digest Trusted Brand Awards are perhaps the most iconic and well-known celebration of what New Zealanders really think of the brands they buy. For Dilmah it’s humbling news to be recognized by the people of New Zealand as their 2019 most trusted tea brand for the 5th year in a row….
Reuters – Sri Lankan shares snapped five straight sessions of gains on Friday in low trade amid worries over economic slowdown and lack of investor appetite for risky assets. ** Traders said the Easter day bombings and aftermath violence weighed on investor sentiment. Most investors have shied away from the market since the April 21…
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