Proud to partner with the first 5 star hotel in 25 years, in the country Colombo, 16/ 17th January 2017: S&T Interiors announced today that it has successfully completed the turnkey interior project for the Mövenpick Hotel, Colombo. S&T Interiors is a subsidiary of S&T Interiors and Contracting, a global leading turnkey contracting company with…
The real estate giant Prime Group announced acquisition of 75.5% of stake in Summit Finance PLC for Rs. 510 million from Sarvodaya Development Finance Ltd. Summit Finance PLC will be re branded as Prime Finance PLC and will continue as a subsidiary of Prime Group. Prime Group will invest a further capital of Rs. 207…
Over 50% of all apartments have already been sold Blue Mountain Apartments, part of the Blue Mountain Group, is set to commence the construction of its most iconic development project to date – Achilleion, Colombo’s first 7 star luxury apartment complex. The ground-breaking ceremony will take place on the 19th of January and the mega…
Reuters – Just eight individuals, all men, own as much wealth as the poorest half of the world’s population, Oxfam said on Monday in a report calling for action to curtail rewards for those at the top. As decision makers and many of the super-rich gather for this week’s World Economic Forum (WEF) annual meeting…
The President and the Executive Vice President of Coca Cola Company Asia Pacific Group met Finance Minister Ravi Karunanayake in Colombo on Saturday (14 Jan). Asia Pacific chiefs of Coca Cola Company said that they are ready to develop Sri Lanka as a production hub in the region. They pointed out that Sri Lanka could…
The fifth Asia Pacific Trade Agreement (APTA) meeting is to be held in Sri Lanka in 2019. APTA is also likely to expand further, according to Sri Lanka Department of Commerce. The fourth Ministerial Council Session of the Asia Pacific Trade Agreement was successfully concluded on 13th January 2017 in Bangkok, Thailand. Sri Lanka Delegation…
The Ceylon Chamber of Commerce will line up four well-known economists along with an international relations specialist to discuss the economic outlook and its implication for business during the year 2017, with a special session on the implications of new US President Trump on the global economy and Sri Lanka. Dr. Dushni Weerakoon, Deputy Director…
Sri Lanka – Thai FTA study is set to conclude by August 2017. Sri Lanka is also looking for sugar purchases from Thailand. During his visit to Thailand to take part in the APTA Ministerial Council Minister of Industry and Commerce Rishad Bathiudeen met Thai Minister of Commerce Apiradi Tantraporn. He also met Thai Consumer…
Reuters – Jan 16 Sri Lankan stocks closed lower on Monday as investors sold financials after rising yields in short-term government securities hit sentiment, brokers said. The Colombo stock index ended 0.26 percent weaker at 6,201.65, slipping from its highest close since Dec. 30 hit on Friday. Shares gained on Friday after the European Commission…
NEW DELHI/CHENNAI:Maruti Suzuki India, India’s largest automobile maker, added another product to its portfolio on Friday with the launch of its ‘premium urban compact’ Ignis. Priced between Rs 4.59 lakh and Rs 7.8 lakh (ex-showroom Delhi), the mini-sports utility vehicle expands on the automaker’s Baleno platform. The launch buttresses the shift in focus that the…
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