Hayleys Advantis Limited, the transportation and logistics arm of Hayleys PLC, won Gold at the recently concluded CILT Sri Lanka National Logistics and Transport Excellence Awards – 2018. The event organized by the Chartered Institute of Logistics and Transport (CILT) Sri Lanka, recognized individuals and corporates that have made exceptional contributions to the development of…
YouTube Open Mic Night is the first of its kind in Sri Lanka, and an event to bring together the country’s leading YouTube Celebrities, Brand Ambassadors, Content Creators, Influencers and YouTube Enthusiasts and will be happening on 10th of August from 6pm onwards at the Spice Room at Shangri-La Hotel, Colombo. This event is powered…
Reuters – Sri Lankan shares rose on Friday to their highest close in three weeks and marked their second weekly gain in nine. The Colombo stock index ended 0.13 percent firmer at 6,191.17, its highest close since June 29. It rose 0.86 percent on the week, but has fallen 2.8 percent year to date. Turnover…
Plans to make substantial investments over 4 years in its second subsidiary in Southeast Asia’s second largest country The Commercial Bank of Ceylon has opened a Microfinance company as its second subsidiary in Myanmar, two years after opening a Representative Office in Yangon that offers advisory services, banking, funds transfer and encashment services to Sri…
Sri Lanka’s national carrier, Sri Lankan Airlines, had slipped from a historic 52nd position it held in 2011 among the top 100 airlines of the world to gradually 81st position in 2017 and this year to the 95th position at the annual Skytrax awards. Considered the premier airline awards event in the world, Skytrax awarded Singapore Airlines…
Completing a major milestone in its WTO Trade Facilitation Plan and kicking off one of the biggest projects in its international trade history, Sri Lanka has officially unveiled its Trade Information Portal (TIP) on 20 July in Colombo. Buoyed by the achievement, Sri Lanka also vowed that the country will now set about achieving “Sri…
Fitch Ratings-Colombo-20 July 2018: Fitch Ratings has assigned Singer (Sri Lanka) PLC’s (A-(lka)/Stable) proposed senior unsecured redeemable debenture issue of up to LKR1.5 billion an expected National Long-Term Rating of ‘A-(lka)(EXP)’. The debenture is to be issued at a fixed rate with a tenor of three years. Proceeds will be used to refinance debt. The…
The latest annual review of the Department of Public Enterprise (PED) points out that DLB has contributed Rs. 501 million to the President Fund during 2017 which is a decline of 72% compared to the contribution made in 2016 Sri Lanka’s state owned Development Lotteries Board (DLB) recorded a turnover of Rs. 13,771 million or Rs….
Reuters – Sri Lankan shares rose on Thursday and marked their highest close in nearly three weeks, led by market heavyweight John Keells Holdings, as foreign buying boosted sentiment. The Colombo stock index ended 0.36 percent firmer at 6,183.02, its highest close since June 29. “We saw some renewed interest coming into the market with…
Sri Lanka will unveil one of the biggest initiatives in its international trade history when the Department of Commerce launches the World Bank supported Sri Lanka Trade Information Portal (SLTIP) on 20 July in Colombo. “Our business community and other stakeholders will be provided with a useful tool to find the information necessary to facilitate…
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