Hayleys Advantis Limited, a subsidiary of Hayleys Limited acquired 94.81% equity stake of Sri Lanka Shipping Company Limited for approximately Rs. 4.9 billion. This acquisition is in line with the Group’s strategy on expanding its maritime operations and paving the way for the establishment of the largest marine and shipping company in Sri Lanka, says…
Reuters – Sri Lankan shares ended slightly firmer on Monday, recovering from a more-than-four-month closing low hit last week, as investors bought battered shares after the government’s decision to drop a proposed tax on profits from share trading. However, the day’s turnover touched its lowest in more than five months. It was 210.3 million rupees…
The United States Agency for International Development (USAID) Mission to Sri Lanka has sent positive vibes on a call to strengthen the workforce skills of the country’s largest state owned retail store chain, Lanka Sathosa. “We are empowered to work with the private sector” stressed USAID’s Deputy Head of Mission in Colombo Ms Elisabeth Davnie…
The Bensei Group of Japan will construct a hotel complex between Ahungalla and Bentota in the Galle district. One of the well known architects in Japan Kuma will design the hotel complex. It will provide an opportunity for Japanese tourists to have their meals according to Japanese tradition and taste. The construction will start at…
The anniversary oration on ‘Macro Economic Stabilization and Structural Reforms Pakistan’s Recent Experience with IMF’ will be held on 29th August at 3.30 p.m. at the Atrium, Central Bank Head Office, Colombo 01. Former Governor of the State Bank of Pakistan Ashraf Mehmood Wathra will deliver the oration. The event is organized by the Central…
The Gem and Jewelry Industry of Sri Lanka as well as the premier platform which showcases it, the FACETS Gem and Jewelry Exhibition, has gained much international acclaim and recognition. This has been proven by the confirmation of several international delegations for the 27th edition of FACETS this year. The countries include some of the…
HNB Grameen Finance Ltd signed a Memorandum of Understanding (MoU) recently with Colonial Motors PLC to offer attractive leasing options for Vespa and Aprilia Motor scooters. The MoU features a number of exciting offers including special interest rates and longer repayment period. HNB General Insurance will provide an attractive premium for the scooters as well….
Reuters – Sri Lankan shares ended firmer on Friday, recovering from an over four-month closing low hit in the previous session as investors bought battered shares following the government’s decision to drop a proposed tax on profits from share trading. Junior finance minister on Thursday said that Sri Lanka will not go ahead with a…
Reuters – Sri Lanka has used a greenshoe option to raise an additional $550 million through a three-year syndicated loan that was pre-funded by a six-bank group in early May, extending its total external borrowings through syndicated loan to $1 billion, a top treasury official said. “We have received $550 million from the three-year syndicated…
ESPNcricinfo – The much-delayed IPL media-rights bidding has been rescheduled for September 4 in Mumbai. A total of 24 companies, both from India and overseas, have bought the bid document for the rights which the BCCI decided in May would be sold for the next five years (2018-22) across media platforms (broadcast and digital). The…
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