The Colombo Stock Exchange (CSE) in collaboration with the Global Reporting Initiative (GRI) will host a workshop on Sustainability Reporting and Corporate Social Responsibility on 5 April 2018 from 3.00 p.m. – 05.30 p.m. at the Kingsbury Hotel. The event, which will be exclusive to representatives of companies listed on the CSE, will address the…
The Research Intelligence Unit (RIU) in collaboration with the Big Issue Magazine launched the Sri Lanka Economic Forum today. The theme for the forum was Taxation in Sri Lanka, with a focus on a case study of the tobacco industry. The report was part of an independent study conducted by RIU. A country’s fiscal and…
Ultra luxury, state-of-the-art hospitality, breathtaking surroundings, signature amenities, world-class dining experiences, three towers comprising two luxury hotels (a total of 473 keys), a luxury retail mall, a commercial office complex which will be the last word in corporate ambience and style, as well as 638 beautifully-crafted apartments, located on 4.3 acres of prime real estate,…
Reuters – Sri Lankan shares fell for a second straight session on Tuesday and posted their lowest close in seven weeks in low trade, as investors sold diversified and beverage stocks on worries over slower economic growth, brokers said. The statistics department withdrew its 2017 full-year and fourth-quarter GDP data on Friday, a day after…
Sri Lanka’s premier connectivity provider, Dialog Axiata Group, announced a joint venture partnership with Orion City to build and manage the island’s first ever High-Density Data Centre at the Orion City IT Park in Colombo. The proposed Data Centre will be established through Digital Realty (Pvt) Ltd, a company jointly held by Dialog Broadband Network…
~ Net profit growth – 52% ~ Net Interest Income Growth – 51% ~ Asset base growth – 43% Siyapatha Finance, the largest subsidiary of the Sampath Bank Group proudly announced the company’s 2017 year-end financial results recently. Siyapatha Finance has recorded an outstanding financial performance during the year with promising results shown in all…
Axiata Group Bhd’s unit is acquiring a 35% stake in data centre company Digital Reality (Private) Ltd (DRPL) for 262.5 million Sri Lankan rupees (RM6.55 million) cash in order to form a data centre business in Sri Lanka. In a filing with Bursa Malaysia, the group said Dialog Broadband Networks (Private) Ltd (DBN) has entered…
Sri Lankan Tourism Minister John Amaratunga on Monday expressed confidence in the country attracting over 2.5 million tourists in 2018. Minister told Chinese news agency Xinhua that he urged the embassies to lift travel restrictions issued against Sri Lanka and assured the island was now safe for tourists. “My ministry will write to the embassies…
Reuters – Sri Lankan shares fell to their lowest close in nearly seven weeks on Monday, as investors sold diversified and manufacturing stocks on worries over slower economic growth, brokers said. The statistics department withdrew its 2017 full-year and fourth-quarter GDP data on Friday, a day after saying the economy expanded 3.1 percent last year,…
The new Inland Revenue Act would put an end to numerous ad-hoc tax concessions granted according to the whims and fancies of the Finance Minister of the day Finance and Mass Media Minister Mangala Samaraweera said. . The minister was addressing a public seminar conducted by the Inland Revenue Department on its new Act at…
Video Story
