Neela Marikkar, Chairperson & Managing Director of Grant Group was recently recognized as one of the Top 50 Women Leaders in Asia, at the 7th edition of the CMO Asia Awards in Singapore on 4th August 2016. The Award recognizes Neela’s visionary leadership at the helm of the Grant Group and her engagements with local…
Commercial Bank and DIMO have come together to provide discounts and other benefits to customers when they purchase Mercedes-Benz vehicles from DIMO under an exclusive promotion unveiled by the two corporate sector leaders this week. Available on a first-come, first-served basis till stocks last, the offer includes attractive leasing options at a reduced interest rate…
DFCC Bank signs on as the exclusive banking partner of the World Export Development Forum which will be held in October DFCC Bank PLC recently partnered with the Sri Lanka Export Development Board as the exclusive banking partner of the upcoming World Export Development Forum, which is set to take place in Colombo from 12th…
SriLankan Airlines has entered into a “wet lease” agreement with Pakistan International Airlines (PIA), owned by the government of Pakistan, whereby an Airbus A330-300 aircraft will be leased by SriLankan to PIA on Aircraft Crew Maintenance & Insurance (ACMI) basis. This means that the aircraft will remain under SriLankan registry and be flown by SriLankan/s…
Khadar, 62, hits Dubai Duty Free raffle six days after escaping from burning plane and months before he is due to retire Dubai: For Mohammad Basheer Abdul Khadar, two numbers have proven to be very lucky — EK521 and 0845. The Dubai expatriate who was on board EK521, the Emirates flight which was involved in…
The importance of the Chartered Accounting qualification offered by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) was highlighted recently by respected corporate leader, Mr. Mahendra Jayasekera. Addressing students of leading Colombo schools, Mr. Jayasekera, who is the Managing Director of Lanka Tiles PLC, Lanka Walltiles PLC and Swisstek (Ceylon) PLC, said…
Leading Thai cement manufacturing company, Siyam City has expressed their interest for more investments in Sri Lanka in Puttlam and Galle cement factories. A group of representatives, led by the Chief Executive Officer Siva Mahasandana recently met with the President Maithripala Sirisena in Colombo. He said that Sri Lanka was a great destination to invest….
Reuters – Aug 10 Sri Lankan shares closed at a more than 10-week high in brisk trade on Wednesday as heavy buying by foreign investors in index heavyweight John Keells Holdings buoyed sentiment across the board. The benchmark Colombo stock index ended 0.52 percent higher, or up 33.64 points at 6,543.75, its highest close since…
CEO’s Review Through continued focus on our strategic priorities, profitable growth, improved organizational structure and innovation, we delivered strong revenues and earnings growth for the first quarter of financial year 2016/17. Hemas Holdings PLC (HHL) and its subsidiaries achieved consolidated revenues of Rs.9.9Bn, year-on-year (YoY) growth of 12.1% for the period, operating profit reached Rs.907Mn…
Resident visas will be granted to foreign individuals who bring a large amount of foreign exchange into the country. A Special Deposits Account act will be introduced for this purpose. Under the proposed act an individual who remits USD 300,000 will be granted 10 years residency while a minimum balance of USD 300,000 should be…
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