Whakatane dairy farmer Troy Doherty says spending four weeks in Sri Lanka as part of a volunteer scheme organised by Fonterra opened his eyes to an industry that is light years behind New Zealand. He was part of a delegate of four farmers selected nationally for a farmer volunteer scheme designed to share knowledge and…
Reuters – Sri Lankan shares ended little changed on Thursday as gains helped by foreign buying and led by financials were offset by some large-cap consumer staples, while the market awaited directions on the macro economy. The benchmark Colombo stock index ended up 0.05 percent, or 2.97 points, at 6,417.46 in thin trade. “Things were…
• IPO via Offer for Sale of LKR 75 million oversubscribed reflecting strong investor confidence • Company becomes first publicly listed Lankan Life Insurer post segregation of Insurance industry on 1st February 2015 • Post listing, Amana Takaful Life anticipates growth to accelerate further; expects a CAGR of 34% over the next five years Demonstrating…
Sri Lanka’s second largest trade partner in SAARC has proposed for a new, turnaround level trade between the two countries on 19 July. “We have an opportunity here-Let us walk the talk” exclaimed an upbeat Pakistani Minister for Commerce Engr. Khurram Dastgir Khan in Nairobi on 19 July. Pakistani Commerce Minister Khan was discussing with…
IFC, a member of the World Bank Group, is partnering with Sampath Bank PLC to provide trade financing for Sri Lankan exporters to help them access global markets and boost the country’s trade. IFC will support the bank’s trade-finance business by partially or fully guaranteeing the payment risks of its clients. IFC’s Global Trade-Finance Program…
Reuters – Sri Lankan shares ended little changed on Wednesday as gains led by top conglomerate John Keells Holdings were offset by losses in large caps, while investors turned cautious ahead of a policy statement by the government in early August. The benchmark Colombo stock index ended down 0.02 percent, or 1.32 points lower, at…
DHL, the world’s leading international express services provider, has reinforced its commitment to deliver unparalleled logistics services to customers, with the unveiling of its newly commissioned fleet of 42 Mercedes-Benz Vito vans. This new fleet, the largest by an express operator in the country and the second largest for DHL in Asia Pacific, will increase…
Hayleys PLC, a prominently diversified group of companies in Sri Lanka has bought the Kudarah Island Resort in the Maldives. Hayleys has invested a sum of 23 million US dollars in this transaction through one of its subsidiaries Luxury Resort (Private) Limited. The Kudarah Island Resort is a hotel complex comprising 51 luxury villas on…
There has been yet another change in the board of directors at Blue Diamond Jewellery Worldwide PLC. The company stated that these changes are effective from 15 July 2016. Sudath Jayasundera takes over as the new Chairman of the company while also being an Executive Independent Director. He is the third person to take over…
‘The Sri Lanka Economic Summit 2016’ organized by the Ceylon Chamber of Commerce has allocated the ‘Session 6’ of the two day event to discuss why the country’s agriculture sector despite the vast promise is still punching below its weight. The session, titled ‘Commercial Agriculture – Tackling the Competitiveness and Political Challenges,’ will accordingly focus…
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