Hirdaramani is proud to announce the opening of ‘The Hub’, a new purpose-built centre of operations to house the core group Shared Services functions, namely, Finance Shared Services & Commercial under the ‘H Connect’ brand and IT under the ‘H One’ brand. The impressive new building will also house a learning and training facility and…
The Colombo Stock Exchange (CSE) announces the following changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2016 annual index rebalance. As announced by S&P Dow Jones Indices, effective from 19 December 2016 (after the market close of 16 December 2016), Ceylinco Insurance PLC (CSE Ticker: CINS) will…
Public Private Partnership model is a key mechanism slated to drive future Sri Lanka-Tajikistan economic relations. “Identified areas of bilateral cooperation could be strengthened through public private partnership” said Minister of Industry and Commerce Rishad Bathiudeen on 14 December in Colombo. Minister Bathiudeen was addressing the Tajikistan Business Meeting (with the participation of HE Tajikistan…
AFP – Yahoo said Wednesday more than a billion users may have had data stolen in a hack dating back to 2013 — separate from its previously disclosed breach affecting 500 million. In a huge blow to the struggling internet pioneer, Yahoo said it made the discovery as it was investigating what was already the…
Finance Minister Ravi Karunanayake reiterates the need to set up a centralized unit under his ministry to review the overheads of different government ministries. The minister point out that setting up the centralized unit under the Ministry of Finance is more pragmatic. Minister Karunanayake stated this during a meeting which was held on December 14…
The Ceylon Chamber of Commerce with a view to further promote trade and commercial activities between the private sector partners in Sri Lanka and Tajikistan, signed a Memorandum of Understanding (MOU) with the Chamber of Commerce and Industry of the Republic of Tajikistan on 14th December 2016 during the “Sri Lanka – Tajikistan Business Forum”,…
Reuters – Sri Lankan shares closed at their lowest in two weeks on Wednesday as foreign investor outflows and losses in blue chips led by market heavyweight John Keells Holdings Plc weighed on sentiment. The Colombo stock index closed 0.4 percent weaker at 6,299.01, its lowest close since Nov. 30. “There was a lot of…
The Sri Lanka Chamber of Medical Devices Industry, established in 2015, held its second Annual General Meeting on Friday, the 9th of December 2016. The event was graced by the Chief Guest, the Hon. Minister of Health, Dr. Rajitha Senaratne and the Guest of Honour, the Chairman of the National Medicines Drug Regulatory Authority (NMRA),…
Uber, the on-demand technology company that has transformed the way people move in cities, has completed a year of operations in Colombo. Said Bhavik Rathod, General Manager, Uber India South & West and Sri Lanka, “When we launched Uber in Sri Lanka back in 2015, it was an exciting alternative to get around the city….
Reuters – Malaysian mobile network operator Axiata (AXIA.KL) said that sovereign wealth fund Khazanah Nasional Bhd [KHAZA.UL] and Innovation Network Corp of Japan (INCJ) will take stakes in its telecom infrastructure services unit, edotco, as part of a $600 mln deal. Announcing the plan on Tuesday, Axiata said it would remain the majority shareholder in…
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