Diesel & Motor Engineering PLC (DIMO), one of the leading engineering companies in Sri Lanka, has expanded its Marine and General Engineering business to Maldives with the unveiling of DIMO Coastline (Pvt) Limited, (DCL) a joint venture between DIMO and Coastline Investments (Pvt) Limited – Maldives. As a leading engineering brand in Sri Lanka, DIMO…
The Indian High Commissioner to Sri Lanka, Taranjit Singh Sandhu, said that whether it be the rehabilitation of the KKS Harbour, or setting up of model villages across the country, or helping the farming and fishing communities in the South or extension of emergency ambulance service island-wide, India is proud of the fact that she…
Reuters – Sri Lankan shares rose marginally on Friday, recovering from a one-and-a-half-month closing low hit in the previous session, as investors bought select blue chips in low volumes while lower economic growth weighed on the market. The statistics department said after markets hours on Thursday that the economy grew at 3.1 percent in 2017…
Japanese businesses must take advantage of Sri Lanka’s strategic location, preferential market access into key economies, and be early movers in the country’s new growth drive, remarked Minister of Development Strategies and International Trade Malik Samarawickrama at an investor forum in Tokyo. He was speaking to a forum of over 300 Japanese businesses alongside the…
The International atomic energy agency (IAEA) Director General Yukiya Amano says that the IAEA will extend its support to Sri Lanka to achieve future development goals.The visiting IAEA Director made these remarks when he made an observation visit to the new office premises of Sri Lanka Atomic Energy Board on Wednesday (March 14) during his…
Reuters – Sri Lankan shares extended falls on Thursday to a one-and-a-half-month closing low as foreign investors continued to reduce their holdings on expectation of an interest rate hike by the U.S. Federal Reserve at its next meeting. Foreign investors sold a net 56.7 million rupees ($363,578.07) worth of shares, but they have been net…
The Colombo Stock Exchange announces the launch of ‘Communicating Sustainability: Six Recommendations for Listed Companies’, a publication launched with the objective of assisting listed companies to address environmental, social and governance (ESG) factors in their capital market communication. The publication consolidates current practices of investors and issuers and offers key insights into strategies that could…
With the objective of gaining fresh insights and greater value, Sri Lanka’s dynamic and innovative life insurer Softlogic Life has announced a strategic partnership with SCOR and Toa Re, two of the largest Reinsurance companies in the world. The high-level agreement, which transitions Softlogic Life’s health portfolio to SCOR and Toa Re, will bring fresh…
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider and the exclusive partner network for Samsung in Sri Lanka, announced the launch of the Samsung Galaxy S9 and S9 Plus along with pre-order facilities. As the only network that supports 4G VoLTE (Voice over Long-Term Evolution), Dialog offers the ultimate user experience for customers through network…
Reuters – Sri Lankan shares fell on Wednesday from their highest close in nearly two weeks hit in the previous session, as selling by foreign investors weighed on sentiment, brokers said. Foreign investors sold a net 183.3 million rupees ($1.18 million) worth of shares, but they have been net buyers of 7.1 billion rupees worth…
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