~ Brings home Sri Lanka’s first ever Festival of Media Global Awards Gold Unilever Sri Lanka and Mindshare’s Team Unilever, a unit of GroupM Media Private Limited Sri Lanka, bagged the Gold Award in the ‘Best Use of Digital Media’ category at the Festival of Media Global Awards held in Rome for the Marmite ‘Spoiler-Mite’:…
John Keells Group Chairman Susantha Ratnayake cuts ribbon at state-of-the-art, facility at Avissawella Elephant House recently commissioned one of the most modern ice cream manufacturing facilities in Asia. Situated at the Seethawaka BOI zone, at Avissawella, this factory with the added capacity it brings will lead to a doubling of Elephant House’s existing ice cream…
Sri Lanka Telecom (SLT), the national telecommunication service provider and the Urban Development Authority of Sri Lanka (UDA) signed an agreement recently, to undertake to build ICT infrastructure for seven new condominiums to be constructed in urban areas. Under the agreement, SLT will be the Exclusive Telecommunication Service Provider for these housing projects. There is…
Reuters – Sri Lanka on Wednesday signed an agreement with a subsidiary of U.S. firm Schlumberger for a $50 million seismic study off the country’s east coast to evaluate any prospective oil resources, a senior government official said. Sri Lanka signed the agreement with Eastern Echo DMCC, a subsidiary of Schlumberger, to carry out seismic…
Prime Lands owned registered finance company Prime Finance PLC informed to Colombo Stock Exchange in filing that the company’s Board of Directors had resolved on 29th March 2018 to issue 43.2 million ordinary voting shares by way of a Rights Issue in the proportion 6 new ordinary voting shares for every 5 ordinary voting shares. Accordingly…
Reuters – Sri Lankan shares fell for a third straight session on Wednesday and posted their lowest close in more than four months, as foreign investors sold diversified stocks such as conglomerate John Keells Holdings Plc and Aitken Spence Plc. A weaker rupee, political uncertainty and the recent fuel price hike also weighed on sentiment,…
NEW DELHI (Reuters) – Indian police said on Tuesday they have filed a case against AirAsia Group Bhd (AIRA.KL), the airline’s CEO Tony Fernandes and its domestic entity AirAsia India, over allegations of corruption and breaking rules in obtaining a flying license. The Central Bureau of Investigation (CBI) accused the airline, some of its employees…
Whilst the whale shark is considered an endangered species, Shark fins from endangered species including the giant, placid whale shark were found in a Singapore Airlines shipment from Colombo to Hong Kong in May, highlighting the widespread challenges the Chinese territory faces in regulating the trade, a report from Channel News Asia today revealed. “The…
First Capital Holdings PLC (The Group) the only listed investment bank in Sri Lanka, recorded its highest ever Consolidated Profit after Tax of Rs 1,960Mn for the year 2017/18, marking a milestone in the investment bank’s history. The results show a significant growth compared to Rs. 232Mn in 2016/17. First Capital, with its impressive 35…
The Central Bank, with deep sorrow, wishes to announce the demise of Deshamanya Amarananda Somasiri Jayawardena, former Governor of the Central Bank of Sri Lanka. He passed away at the age of 82, on the 29th of May, 2018. Deshamanya A S Jayawardena was the tenth Governor, functioning in this position from November 1995 to…
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