Over 350 CEO’s/Senior Executives representing the Sri Lankan corporate sector has so far registered to take part in the Sri Lanka Economic Summit 2016, which will take place next week in Colombo. Among the registered includes CEO’s, Managing Directors and Chairmen of blue chip firms, and also the ones heading small to medium scale organizations…
LafargeHolcim is to divest its ownership of its Puttalam based Sri Lankan business unit Holcim Lanka to Thailand’s Siam City Cement Public Company Limited for a consideration of US dollars 400 million, the mother company announced Monday (26 July). While six parties had made their bids, among them two domestic investors were reportedly very keen…
Reuters – Sri Lankan shares fell on Monday as investors sold large-cap shares like Ceylon Tobacco Company Plc while turnover slumped to a near-three-week low as investors awaited directions on the country’s economic policy. The benchmark Colombo stock index ended down 0.49 percent at 6,397.09, slipping from its highest close since June 21 hit on…
Sri Lankan tea fulfils the specifications of the Saudi Food and Drug Authority (SFDA), a visiting island official, who was leading a delegation to the capital, said here last week. Addressing a press conference, Hasitha De Alwis, director of international promotions at the Sri Lanka Tea Board, told media that the SFDA told the visiting…
DOHA: Amana Bank, Sri Lanka’s premier licensed commercial bank operating based on Islamic banking principles, in collaboration with Al Zaman Exchange, recently launched an instant money remittance service to Sri Lanka. The tie-up provides Sri Lankans in Qatar a fast, reliable and convenient mode of money transfer to their own account or their loved ones…
LafargeHolcim announces it has signed an agreement with Siam City Cement Public Company Limited for the divestment of its interest in Holcim Lanka for an enterprise value of USD 400 million. Holcim Lanka operates one integrated plant and one grinding plant and is the country’s leading cement manufacturer. The proceeds from the sale of the…
Sri Lanka Central Bank Governor Dr. Indrajit Coomaraswamy is scheduled to visit the Colombo Stock Exchange (CSE) on Thursday, 28 July 2016. This event is to take place at the Trading Floor of the Colombo Stock Exchange at 9.00 am, says the CSE. Accompanying Dr. Indrajit Coomaraswamy would be Chairman of the Securities and Exchange…
Exceptional occupancy rates and top-notch revenue generation by Renuka City Hotel resulted in the hotel winning Booking.com’s Award for Best Performance in 2015. Recognition for the hotel’s performance was based on its outstanding occupancy rates over the previous year, during which Renuka City Hotel was able to record over 5,000 room nights leading to revenue…
TEHRAN (Tasnim) – Sri Lanka’s oil minister said on Sunday that his country plans to resume oil imports from Iran following the removal of anti-Tehran sanctions. At a meeting with Iranian Oil Minister Bijan Namdar Zangeneh in Tehran on Sunday, Chandima Weerakkody announced Colombo’s readiness to restart importing Iran’s crude. Describing Iran and Sri Lanka…
Strengthening the gathering momentum ahead of the World Export Development Forum (WEDF) 2016, to be held in Colombo, Sri Lanka on the 12th and 13th of October, a trade delegation representing Sweden has confirmed their participation. The two-day summit heralded to be an unprecedented benchmark for the export industry of the country, is organized collaboratively…
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