SYDNEY/LONDON (Reuters) – The chief executive of British catering giant Compass Group Plc and four members of his family were killed when the seaplane they were flying in crashed into a Sydney river on New Year’s Eve. Richard Cousins, 58, chief of the world’s biggest catering firm, died together with Emma Bowden, 48, Heather Bowden,…
Sri Lanka Telecom PLC (SLT), a blue-chip company and a dominant player in the Sri Lankan Telecom and Information Technology Enabled Services (ITES) space, announced today that the directors of the company have resolved to issue LKR 5.0 billion listed debentures with a green shoe option for a further LKR 2.0 billion, subject to regulatory…
Cargills Bank Limited announces the appointment of Rajendra Theagarajah as its Managing Director/Chief Executive Officer from 1st January 2018. Theagarajah is not a stranger to Cargills Bank having joined and served as its Non Executive Joint Deputy Chairman since December 2016. With this appointment, he will play a pivotal role in executing strategy, and delivering…
Central Bank of Sri Lanka (CBSL) in considering the immense requests from the general public and the difficulties that the general public is facing in exchanging willfully defaced currency notes at Licensed Commercial Banks (LCBs), has decided to extend the time period for such exchange of currency notes at LCBs up to 31 March 2018. Mutilation, alteration…
The United States’ Generalized System of Preferences (GSP) program will expire on 31st December, 2017, and all those importing GSP eligible goods to the USA, from Sri Lanka as well as all other beneficiary countries and territories will be subject to non-preferential duties from 1st January, 2018. The US GSP expires periodically, and must be…
Reuters – Sri Lankan shares rose for a sixth straight session in muted trade on Friday, ending 2017 with a modest 2.3 percent gain after two consecutive annual losses. The Colombo Stock Index edged up 0.08 percent to 6,369.26, its highest since Dec. 8 and posting the first annual increase in three years after falling…
The Planters’ Association of Ceylon (PA) issued a statement commending the swift and effective action taken by the Ministry of Plantation Industries, the Sri Lanka Tea Board, and all other state and diplomatic officials that played a role in negotiating the lifting of a temporary suspension of Sri Lankan tea imports by the Russian Federation….
Home-grown diversified conglomerate, Sunshine Holdings PLC announced that it would be further consolidating its stake in Estate Management Services Limited (EMS), the holding company for Watawala Plantations PLC, Hatton Plantations PLC and Watawala Tea Ceylon Limited (WTCL) – two of Sri Lanka’s most profitable plantations and leading tea brands. Previously managed under tripartite ownership between…
Reuters – Sri Lankan shares inched higher on Thursday in their fifth straight gaining session to a fresh three-week closing high as the central bank held key policy rates steady, with trading muted by the holidays after Christmas. Sri Lanka’s central bank kept its benchmark interest rates unchanged before the market opened, saying inflation and…
LCI acquires 100% ownership of MillenniumIT ESP from London Stock Exchange Group Leading Sri Lankan IT enterprise solutions provider for over 20 years LSEG to retain software development arm of MillenniumIT Acquisition paves the way for the LCI Group to enter the IT solutions and services business and take on opportunities in an industry that…
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