Sri Lankan shares rose on Thursday as a stake buy in Commercial Credit and Finance Plc by a unit of Thailand’s Group Lease Plc lifted the mood while foreign investors bought domestic stocks and turned net buyers so far in the year. Group Lease Holdings Pte Ltd, a subsidiary of Thailand’s Group Lease Plc purchased…
A memorandum of understanding was signed today (08 December) between the Government of Sri Lanka and China Merchant Holdings Limited (CMHL) on the framework for the revitalization of the Hambantota harbour. The memorandum of understanding was signed between officials of CMHL and the secretaries of three Ministries of the Government of Sri Lanka, namely the…
~ BG Microfinance Myanmar for acquired for USD 8.0m In what has been described as a historic financial transaction, Group Lease Public Company Limited (GLPCL), a digital finance company listed on the Stock Exchange of Thailand (SET), acquired a stake of 22.99% stake in Commercial Credit & Finance Plc (CCF) for USD 70 million on…
The consortium that developed the South East Asia, Middle East and Western Europe 5 (SEA-ME-WE 5) submarine cable was awarded the “Project of the Year – Subsea Award” at the Global Carrier Awards on 8 November 2016, in Paris. Sri Lanka Telecom, the country’s leading ICT Solutions Provider is a proud member of this consortium…
Minister of Industry & Commerce Rishad Bathiudeen (third from right) hands over the Provincial Gold award to entrepreneur Anura Tilak Atukorala of Atukorala Group, Pitigala as officials of Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) look on at the 21st Sri Lankan Entrepreneur of the Year Awards hosted by FCCISL on…
The Tea Industry of Sri Lanka will celebrate its 150th Anniversary in 2017. The commercial cultivation of tea commenced in 1867, fortuitously supplanting coffee, which, till then, was the country’s main cash crop, shortly thereafter devastated by a ravaging plant blight. A Scotsman named James Taylor is reputed to have developed the first commercial plantation…
As part of the 16 Days of Activism in Sri Lanka, the Canadian High Commission and the United Nations Population Fund (UNFPA) co-hosted a panel discussion on December 7 on the importance of zero-tolerance for Gender-based Violence (GBV) within the workplace. Entitled Engendering Change: Investing in a GBV-free Workplace, the panel discussion brought together more…
Asiri Hospital Holdings PLC rang the Opening Bell to commence trading at the Colombo Stock Exchange (CSE) Wednesday (07). The Bell Ringing ceremony was organized by the CSE as part of a series featuring companies included in the S&P Sri Lanka 20 Index. Group Chairman and Managing Director Mr. Ashok Pathirage, Group CEO Dr. Manjula…
Sri Lankan shares ended weaker for a second straight session on Wednesday, to hit their lowest close in nearly one week, with foreign investors selling domestic shares as uncertainty over budget proposals continued to keep sentiment subdued. The Colombo stock index ended down 0.36 percent at 6,327.30, moving away from its highest close since Nov….
The World Bank Board has approved a $75 million credit from the International Development Association (IDA) to support Sri Lanka’s main welfare programs by developing an integrated system to better manage the selection, administration, and payments to beneficiaries of the programs. The project will contribute to improving the equity, efficiency and transparency of the social…
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