Vallibel One to hold first Board Meeting Next Month utilizing BI and AI tools Sri Lankan Billionaire Dhammika Perera yesterday (04) suggested that country’s corporate sector should adopt disruptive technologies such as artificial intelligence (AI) and business intelligence (BI) to mitigate risks arising from operational costs due to variances in market environments. Speaking at…
Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) announced that its shareholders unanimously approved the proposed private placement to raise Rs. 775 million with SBI Ven Holdings (Pte) Limited, the overseas private equity firm of Japan’s financial giant SBI Holdings Inc. The board proposed to issue 11.9 million ordinary Sunshine shares to SBI Ven…
India-based All Lights Film Services (ALFS), a leading film consultancy company, is handling the Oscar contention of the movie The strategic association between ALFS and Cinepro Lanka International will give fresh impetus to India-Sri Lanka bilateral relations For the first time in the history of Sri Lankan film industry, a movie from the Pearl of the…
Cumulative tourist arrivals to Sri Lanka up to June 2018 had increased to 1,164,647 tourists for the first six months of this year recording a 15.3% growth over last year whilst 1,010,444 tourists had visited the country for the same period in 2017. Meanwhile total number of tourist arrivals to Sri Lanka during month of…
Reuters – Sri Lankan shares extended losses on Wednesday to hit their lowest close in more than 15 months as continued foreign selling in blue-chip stocks dampened sentiment. Concerns about lower economic growth also dented sentiment, analysts said. The Colombo stock index declined for a 17th session in 19 and closed 0.61 percent weaker at…
Telecommunication activities had increased by 11.1% in value added terms in the first quarter of 2018 due to the increased usage during first quarter of the year whilst insurance activities had expanded by 9.3% in the same period the latest government data outlines. According to the Mid-Year Fiscal report published by the Ministry of Finance it…
Head of Sri Lanka’s Vallibel One Group, Mr. Dhammika Perera, says that a country’s per capita income should surpass US$ 12,650 for it to be considered as a developed country and that he believes Colombo city’s per capita income would reach this level in 3 years. Speaking during an event marking the opening of trading at the…
Vallibel One PLC (Vallibel One) rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) today, as part of a ceremony organized to mark the company’s inclusion in the S&P SL 20 Index. The S&P SL 20 Index includes the 20 largest companies, by total market capitalization, listed on the CSE that…
Reuters – Sri Lankan shares extended falls on Tuesday to a 15-month closing low as continued foreign selling in blue chips, political uncertainty and concerns about lower economic growth dented investor appetite for risky assets. The Colombo stock index declined for a 16th session in 18 and closed 0.77 percent weaker at 6,081.08, its lowest…
Heavy rains across the country had resulted in increasing Hydro Power generation by 87.6% to 650 GWh during the first quarter of the year 2018 compared to a year earlier, the latest government data highlights. Furthermore, electricity generation had increased by 9.6% to 3,838 GWh during January-March 2018 from 3,500 GWh in the same period…
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