David Cameron has appointed Alibaba founder Jack Ma to advise him on business. The announcement came the day before a four-day state visit to Britain by Chinese President Xi Jinping and as Britain seeks to boost its business ties with the world’s second-largest economy. Mr Cameron’s spokeswoman told reporters that Mr Ma, currently executive chairman…
Colombo stock market started weekly operations on mixed note on Monday despite the high institutional investor activity ahead of the 10th monetary policy review of the year. Benchmark index closed the session with flat returns at 7,017.35, down by 3.39 index points or 0.05%. S&P SL20 index gained 9.56 index points (+0.25%) to close at…
Renuka Foods PLC has subscribed to 125,000 ordinary shares amounting to Rs. 125 million at Rs. 1000 per share in its subsidiary company Renuka Agri Organics Limited. Meanwhile, its subsidiary Renuka Organics (Pvt) Limited has also subscribed to 250,000 ordinary shares to a consideration of Rs. 250 million ay Rs. 1,000 per share. Renuka Foods…
Robert Bosch Lanka (Private) Ltd. a wholly owned subsidiary of the Bosch Group Bosch offers products in the businesses of Automotive Aftermarket, Security Systems, Power Tools and Thermotechnology in Sri Lanka. Bosch, a leading global supplier of technology and services, inaugurated its first office in Colombo, Sri Lanka on October 19, 2015 in the presence…
The government proposal to reduce the cost of the 9.32 kilometre Kerawalapitiya to Kadawatha stretch of the third phase of the Colombo Outer Circular Highway (COCH) by 35.9 per cent or Rs. 23.93 billion has not been fully accepted by the Chinese construction company which handles this phase, said the government. The government has proposed…
Dammika Ranatunga, who had played two Test cricket matches for Sri Lanka and a younger brother of Ports and Shipping Minister Arjuna Ranatunga has reportedly been appointed as the Chairman of the Sri Lanka Ports Authority (SLPA). He has reportedly assumed duties recently.
The concept of ‘Supply Chain Management’ is not very well understood, locally, thus resulting in heavy productivity losses says, Ms. Gayani De Alwis , Former Director, Customer Services of Unilever, Sri Lanka Limited, who is currently the Vice President of Institute of Supply & Materials Management (ISMM). Speaking at a recent forum organized on ‘Supply…
Toyota will be using this year’s Tokyo motor show to communicate why talking cars are the future of cleaner, safer personal mobility. The Smart Mobility City 2015 is an event running alongside the main Tokyo show this year that will be examining the relationship between automobiles, people and society and the role of personal mobility…
Janashakthi Insurance PLC received the formal go ahead from its shareholders to raise over Rs.3.357 billion by way of a Rights Issue of over 181.5 million new ordinary shares at its Extraordinary General Meeting (EGM) held on 16 October 2015 (today). In a bid to further bolster its position in the market, Janashakthi Insurance PLC signed a share purchase agreement with AIA Insurance Lanka PLC to acquire 100%…
Nestle Lanka PLC’s current Chairman Etienne Benet has relocated to Nestle Group head office in Switzerland and has resigned from the Board of Directors of Nestle Lanka PLC. Suresh Narayanan has been appointed as Non-Executive Director and as Chairman to fill the vacancy created by Mr. Benet’s resignation. These changes are effective from today (16…
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