At times the cooperation of both the State and the private sector is essential for the prosperity of certain instutions, said Prime Minister Ranil Wickremesinghe, while addressing the Indian Chief Executives’ Forum held in Colombo on 12 July. Among the institutions thus gaining attention are The Hilton, Hyatt and Lanka Hospitals, he added. Prime Minister…
Rajan Anandan, one of India’s most prolific angel investors, is backing BOV Capital, which is launching its maiden investment vehicle, a Rs 100-crore early-stage fund that will invest in technology-focused startups from Sri Lanka. BOV Capital, touted as the Emerald Isle’s first early-stage venture capital fund, counts a number of high net-worth Indians as its…
Scores a hat trick with World’s Best Inflight Entertainment and Best Airline in the Middle East awards Emirates has been named the World’s Best Airline 2016 at the prestigious Skytrax World Airline Awards 2016, in addition to scooping up the awards for World’s Best Inflight Entertainment for a record 12th consecutive year, and Best Airline…
Dialog Axiata PLC (Dialog), Sri Lanka’s premier connectivity provider, yesterday announced that the company had commenced preparation for the succession of its Group Chief Executive at year end 2016. The move follows Dr Hans Wijayasuriya, the Group Chief Executive of Dialog, taking on additional regional responsibilities in the capacity of the Regional CEO for South…
Reuters – Sri Lankan shares closed at their highest in nearly three weeks on Tuesday, the fifth straight session of gains, as confidence in a new sovereign bond issued by the island nation helped boost investor sentiment. Sri Lanka raised $1.5 billion in its first sale of dual-tranche eurobonds on Monday, at a lower borrowing…
The Ceylon Chamber of Commerce, which is engaged in facilitating local businesses to grow has launched a ‘LED Wall’ at the Navam Mawatha Business Square to help businesses promote their products and services. The new move, will enable local businesses to catch the attention of nearly 300,000 business persons and others passing the Navam Business…
The Central Bank of Sri Lanka (“CBSL”), on behalf of the Government of Sri Lanka (Sri Lanka), marked its return to the U.S. dollar bond markets with a successful issuance of U.S.$500 million 5.5-year and U.S.$1.0 billion 10-year International Sovereign Bonds (Bonds) on July 11th, 2016. This marks Sri Lanka‟s 10th US Dollar bond issuance…
Qatar Airways Group announced a 3 billion QAR operating profit for fiscal year 2016 – nearly three times greater than fiscal 2015 profit of 1.1 billion QAR, resulting in an 8.6 per cent operating profit margin, an improvement of nearly six percentage points from the prior year, from 35.6 billion QAR in revenues. The company…
BoardPAC, the Sri Lanka-developed world-leading mobile portal that facilitates paper-less decision making at board level, was showcased in Hong Kong recently at the17th Annual Corporate & Regulatory Update (ACRU) Conference. BoardPAC was the sole Sri Lankan firm at this year’s ACRU conference, attended by more than 1,600 governance, risk and compliance professionals from different sectors,…
Petronet LNG, India’s biggest player in liquefied natural gas, is planning to set up a re-gassification terminal in Sri Lanka as part of a strategy to expand its footprint outside Petronet LNG, India’s biggest player in liquefied natural gas, is planning to set up a re-gassification terminal in Sri Lanka as part of a strategy…
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