Colombo bourse continued its downward spiral on Tuesday dropping further 9.54 points or 0.1% to close at 6,849.09. The S&P SL 20 index closed 8.54 points or 0.2% lower at 3,624.39. The gains in Dialog Axiata (LKR 10.70,+1.9%), Hemas Holdings (LKR 87.00,+2.0%), Commercial Leasing (LKR 4.00,+2.6%) and Softlogic Holdings (LKR 15.70,+1.3%) failed to uplift the…
Twenty five years after she launched her first retail store, entrepreneur and brand builder Otara Gunewardene has returned to that location to open an independent store to celebrate Christmas with Embark fans in Colombo. The opening of the new store at 38, Dickman’s Road (now Lester James Peiris Mawatha) is part of the planned expansion…
Invests LKR 80 Million for trio of pools, develops a world class property As a prelude to the peak winter season, Calamander Unawatuna Beach opened two stunning Italian glass mosaic pools, both a mercurial shade of vermilion, mirroring the spectacular sunsets that Unawatuna Bay is famous for. ‘The Sun’ pool, a generous 25 metres in…
Also awarded Gold for Best Management Commentary; rated third best in Sri Lanka overall The Commercial Bank of Ceylon was awarded the Edmund J. Cooray Memorial Trophy for the Best Annual Report among banking institutions, the Gold award for Management Commentary, the Silver award for Corporate Governance Disclosure, the Bronze award for the Best Annual…
Colombo bourse began proceedings of the week on a positive note, but owing to the dull market activity throughout the day, the index ended at a low of 6,858.63 down by 10.93 index points or 0.16%. 20-scrip S&P SL index followed the trend by shedding 5.63 index points (-0.15%) to close at 3,632.93. Price depreciations…
Radius Travel announced today that Hayleys Travels & Tours has joined the Radius network in Sri Lanka. Radius Travel is a global travel management company that designs and delivers programs for multinational companies through a network of best-in-market agencies. The Radius network operates across more than 80 countries and manages more than USD 23 billion…
The national LPG (liquid petroleum gas) company has exhibited a significant sales growth of above 30pct in the domestic market during the first 10 months of this year. This complements with the imposed price reductions by the government. The recent decision taken by the government to reduce the price of 12.5Kg domestic LP gas will…
Commercial Credit and Finance PLC’s issue of up to 20 million rated, guaranteed, subordinated, redeemable five-year Debentures at a par value of Rs. 100 each was oversubscribed soon after subscriptions were opened on Wednesday, the 3rd of December 2015. As a result the Company was able to raise up to the maximum amount of up…
South Asia Textile Industries Lanka is an ultra-modern manufacturing plant producing weft knitted fabric of exceptional quality and specialises in knitting, dyeing, finishing, printing, brushing, sueding and polar fleece fabric with an asset base exceeding US$ 34 million, generating an annual turnover of US$ 60 million, employing over 1,200 people. Currently, the company is on…
Haul of six awards including Golds for overall excellence, sector, integrated reporting, and sustainability reporting Diesel and Motor Engineering (DIMO) PLC swept the boards at the CA Sri Lanka Annual Report Awards 2015, winning the overall Gold Award for the best annual report in the competition, as well as Gold awards for Integrated Reporting, Sustainability…
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