Sri Lanka is placing its name on the global map as a sought-after destination by various international news feature reviews, as Eurasia review mentioned Sri Lanka as the most sought-after destination in Asia with reference to the 2018 Virtuoso Luxe –Australian report. According to the Virtuoso Report Sri Lanka is becoming one of the most…
Department of Immigration and Emigration is taking steps to introduce an internationally recognized passport which is on par with the standards of International Civil Aviation Services Organization. According to the Controller of Immigration and Emigration M.N. Ranasinghe, it will be introduced by the end of 2018. A UK firm, De La Rue, which is situated…
The Board of Directors of Sunshine Holdings PLCd appointed Sanjeev Shishoo, formerly the corporate Vice President of global healthcare giant, Novo Nordisk’s Global Service Centre (GSC) in Bangalore, as a Director of the Company. The appointment is effective January 1, 2018. With the new appointment, the Board of Sunshine Holdings PLC will now be comprised…
Reuters – Sri Lankan shares fell for a fourth straight session on Wednesday, as investors offloaded stocks of beverages and oil palm companies, while a block deal pushed up turnover. The Colombo Stock Index ended 0.06 percent weaker at 6,321.36, its lowest close since April 11. The index was down 0.4 percent last week, its…
Sri Lanka’s first venture fund of USD 15 Mn (LKR 2.3 Bn) to focus exclusively on digital startups Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, announced the launch of the Digital Innovation Fund, in the presence of the Right Honourable Dato’ Sri Mohd Najib bin Tun Abdul Razak, Prime Minister of Malaysia to signify…
Colombo Christmas Street 2017 is set to take place from December 21st to 23rd at Green Path offering a whole new concept in entertainment for the 2nd Consecutive year. The event is organized by the Sri Lanka Retailers’ Association in collaboration with the Ministry of Tourism Development and Sri Lanka Apparel Brands Association. The seasonal…
MOSCOW, Dec 19 (Reuters) – Russia’s agriculture safety watchdog Rosselkhoznadzor plans to discuss restricted tea imports with Sri Lanka at the end of December, it said in a statement on Tuesday. Russia placed temporary restrictions on imports of tea and all other agricultural products from Sri Lanka from Dec. 18 after a beetle was found…
Reuters – Sri Lankan shares fell for a third straight session on Tuesday to their lowest close in more than eight months as investors offloaded banking and diversified stocks. The Colombo Stock Index ended 0.33 percent weaker at 6,325.46, its lowest close since April 11. The index was down 0.4 percent last week, its sixth…
Dunamis Capital PLC announces the appointment of Mr. Nathan Sivagananathan as a Director of the Board with effect from 18th December 2017. The appointment of a professional in the caliber of Mr. Sivagananathan to the Board of Dunamis Capital a strategic investor with principal interests in Financial Services and Real Estate, exercising significant control over…
Toyota recently hinted that it was finally ready to embrace pure electric cars, and now we have a better sense of what that commitment entails. The automaker has outlined its goals for low- and zero-emission cars in the next decade, and it expects to field “more than 10” EVs worldwide by the early 2020s, starting…
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