Under the Citi – CCC Rural Economic Empowerment Program, Hatton National Bank provided loan facilities to a group of micro scale businessmen in the Urubokke area of the Matara district to commence new businesses as well as for expansion of existing businesses. A total of 37 entrepreneurs, who were earlier trained by the Citi –…
Reuters – Sri Lankan shares fell for a fourth straight session on Wednesday, to end at a near nine-month low, as investors sold large-cap shares on fears that continued foreign selling in John Keells Holdings could dampen market sentiment further. Foreign investors sold a net 745 million rupees ($4.98 million) worth of equities on Wednesday,…
At least 16 needy rural families will receive houses through a donation made by luxury condominium builder Indocean Developers to the ‘Semata Sevana’ (Shelter for All) programme of the Ministry of Housing and Construction. The promoter of Altair, the twin-tower high rise in Colombo 2, recently presented a cheque for Rs 5 million to the…
Reuters – Sri Lankan shares fell for a third straight session on Tuesday, hitting a nine-month closing low, as investors sold shares of market heavyweight John Keells Holdings Plc amid worries over a weakening rupee and rising interest rates. The Colombo stock index ended down 0.54 percent at 6,159.12, its lowest close since April 5….
The Sri Lanka – Pakistan Business Council of the Ceylon Chamber of Commerce will be partnering with the High Commission of Pakistan in Sri Lanka, Trade Development Authority of Pakistan (TDAP) and the Sri Lanka Export Development Board to organize the Business Matchmaking Session at the ‘Single Country Exhibition of Pakistan’, from 13th to 15th…
A Hi Street type, up market Carnival style ambiance street was created in the heart of the city having a variety of foods, trade, gifts, hampers, variety of new products and entertainment and Fun Fair, Titled as Colombo Christmas Street organized by the Ministry of Tourism and Religious Affairs together with the Colombo Municipal Council…
The prosperity, measured by the Sri Lanka Prosperity Index (SLPI)1, which is a composite indicator that measures and compares the level of prosperity of the country and across its provinces, has improved to 0.864 in 2015 from 0.804 in the previous year. Analyzing the movements in 2014-2015 period, the SLPI improved along with the improvements…
Reuters – Sri Lankan shares fell on the first trading day of 2017 as investors sold market heavyweight John Keells Holdings Plc and other blue chips amid worries over a weakening rupee and rising interest rates. Conglomerate John Keells Holdings Plc fell 3.5 percent and accounted for 67.6 percent of Monday’s turnover of 329.2 million…
Rigid Tyre Corporation (Pvt.) Ltd.. Equipped with the latest technology, this new plant is destined to roll in a new page in the industrial sector of Sri Lanka. It comes with the healthy integration of political acumen, local entrepreneurship and proven European technology in the form of a world reputation – Marangoni of Italy. Marangoni…
Colombo South Terminal’s incremental volumes contribute to overall growth of Port of Colombo Colombo International Container Terminals (CICT) has reported a throughput of 2 million teus for the 12 months ending 31st December 2016, achieving impressive YoY growth of 28 per cent in volume. This new volume has enabled the Port of Colombo to register…
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