Reuters – Sri Lankan shares extended losses to a fifth straight session on Monday as investors sold blue-chip stocks such as John Keells Holdings Plc after weak first-quarter numbers from the conglomerate dampened sentiment. Conglomerate John Keels Holdings Plc after market hours on Thursday reported a 26 percent year-on-year fall in quarterly net profit. The…
SriLankan Airlines welcomed its newest and final addition to the Airbus A321 Neo fleet. The aircraft arrived from Hamburg via Abu Dhabi on 29 July 2018. Religious observances were held this morning at the engineering A320 hangar in Katunayake to bestow blessings on the new aircraft before it embarks on its maiden commercial flight. SriLankan…
Malaysia has expressed its strong interest on moving forward on the Free Trade Agreement (FTA) with Sri Lanka that was initially mulled in 2013. “I welcome your interest on an FTA with Sri Lanka about which we agreed in principle. Such an agreement will boost Lanka-Malaysia trade in a great way” said Sri Lankan Minister…
Another Chinese multinational conglomerate, Tiens Group has recently announced that they are ready to set foot in Sri Lanka with a minimum investment of over Rs. 2.3 billion or Chinese Renminbi (Yuan) 10 million. Accordingly Chinese billionaire businessman Li Jinyuan, founder and head of Tiens Group had told reporters that the group is in a…
An aviator is a unique and skilled individual with years of training and hard work as the foundation of his career. To become a military pilot it takes twice as much skill and training. Being an air force pilot takes thinking-on-your-feet and making critical decisions in seconds to a whole new level. In the cockpit…
Sri Lanka’s premier blue chip John Keells Holdings has reported Profit Before Tax (PBT) at Rs.2.91 billion in the first quarter of the financial year 2018/19, which is a decrease of 29% over the Rs.4.09 billion recorded in the previous financial year. The profit attributable to equity holders at Rs.2.19 billion is a decrease of…
Mr. Vipula Gunatilleka has been appointed as the Group Chief Operating and Finance Officer of SriLankan Airlines effective 1st August 2018. Mr Gunatilleka in his capacity as the GCO & FO will report to the Chairman and the Board of Directors and will be responsible for the overall management of the airline. Prior to joining…
The breakfast forum – “A CEO’s Guide to GDPR” being held on the 7th of August at Jetwing Colombo Seven, offers the opportunity to hear from industry leaders as to what steps they have taken to be compliant to the E.U General Data Protection Regulation. Shalini Ratwatte, Head of Legal and Corporate Affairs for South…
The country’s foremost economic event – Sri Lanka Economic Summit 2018 will be held for the 18th time on the theme, ‘On the Fast Track to a Turnaround”. This event organized by the Ceylon Chamber of Commerce, is to take place on 13th – 14th September at Cinnamon Grand Colombo. Sri Lanka’s economy is once…
Moody’s Investors Service (“Moody’s”) has affirmed the Government of Sri Lanka’s foreign currency issuer and senior unsecured ratings at B1 and maintained the negative outlook. The decision to affirm the rating at B1 reflects Sri Lanka’s progress in implementing the planned reform program, which entails fiscal consolidation and a build-up foreign exchange reserves buffers, ahead…
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