The Sri Lankan Rupee would stabilize up to Rs. 130 as against the US dollar within the next two weeks, says Finance Minister Ravi Karunanayake. While speaking in Parliament he said that currently a US dollar is being exchanged at Rs. 133.90 and that it was at Rs. 133.20 when the new government came in…
Huawei’s newest flagship smartphone, the successor of Ascend P7, Huawei P8 is set to enter the shores of Sri Lanka within a couple of weeks according to its local office. The entry of Huawei P8 will target the high-end user and is speculated to enter at a price range of LKR 65,000-75,000, which is comparatively…
Colombo equities continued the positive momentum for the second consecutive session driven by buying pressure in heavy cap counters. Benchmark All share price index gained 14.31 points or +0.20% to end at 7,053.96 while S&P SL 20 index gained 25.77 (+0.66%) to end at 3,938.46. Today’s gains were mainly led by price appreciations in primary…
The Sri Lanka – Singapore Business Council (SLSBC) of the Ceylon Chamber of Commerce will be organizing a Trade and Investment Promotion Mission to Singapore from 29th July – 1st of August 2015. This will be the 5th such outward mission to Singapore organized by the SLSBC since 2010. The mission is planned to coincide…
An internal investigation into the food samples of the hotel served at the June 12 event at the Oak Room of the Cinnamon Grand Hotel which led to around 20 guests being hospitalized has revealed that the butter served at the function may have been the cause for concern, says The Cinnamon Grand Colombo Hotel…
If an individual’s name is stated with any shortcomings in his/her Employee’s Provident Fund (EPF), then when recovering their money they could encounter many difficulties, says Labour Commissioner W.D.S.C. Weliwatte. Even if such shortcomings in the names are informed to the respective institutions for rectification, in the event the particular institution is no more, then…
The Board of Kalpitiya Beach Resort PLC announced that the Extraordinary General Meeting (EGM) of the Company that was adjourned on 08 May 2015 was held at 4.15 pm on 19 June 2015 and was duly terminated. The EGM to seek shareholder approval for the implementation of the alternate plan of action as set out…
Upcoming ‘Sri Lanka Economic Forum 2015’, the country’s top economic forum held annually will discuss the importance of establishing an ‘A New Global Economic Strategy For Sri Lanka’. This would be one, out of a series of important topics that is slated to be addressed during the eight sessions of the forum, which will see…
The Steuart by Citrus, the latest addition to Colombo City’s tourism offering will be declared open on the 26th of June 2015 by Honourable Maithripala Sirisena, President of Sri Lanka. Located at the very heart of Colombo, The Steuart will operate as a boutique business hotel offering the convenience of its prime location coupled with…
The sovereign is still struggling in Euromoney’s risk survey as economic and fiscal indicators deteriorate, corruption investigations dampen China-sourced foreign investment and a looming general election makes it uncertain whether the new president’s parliamentary backers can produce a majority. In 2013, an Asiamoney article quoting Barclays declared: “Sri Lankan bonds do not offer enough premium…
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