The Brandix Group has paid tribute to an inspirational trailblazer by naming its Head Office at Rheinland Place, Colombo 3, after the legendary business leader Ken Balendra, the Group’s first Chairman, at a simple ceremony held on Monday, 28th November 2016. Commissioned in April 2015, the seven-storey building will henceforth be known as the ‘Ken…
The Government entered into a loan agreement with the Asian Development Bank to obtain a loan of USD 250 million from the Ordinary Capital Resources Fund of the Asian Development Bank to implement the Capital Market Development Program in Sri Lanka. The main objective of the CMDP is to ensure that the capital markets in…
Breaking news this month is sending a wave across Sri Lanka and the world – the 2017 budget has been announced, and leading property portal Lamudi claims, it’s great news for real estate! Following the end of the war, Sri Lanka’s property construction industry has been booming. However, strict laws on foreign nationals owning property…
Mr. Sanjay Tiwari, Managing Director & CEO, of Piramal Glass Ceylon PLC was elected as the new President of the Sri Lanka Ceramics and Glass Council at its 3th AGM held recently at the Cinnamon Grand Hotel, Colombo. Tiwari who took over Mr. Mahendra Jayasekera, CEO, Lanka Walltiles PLC is the 4th President of the…
The Asian Development Bank (ADB) has launched the new South Asia Subregional Economic Cooperation (SASEC) Operational Plan 2016-2025, marking the program’s first comprehensive long-term plan to promote greater economic cooperation among member countries. “Sri Lanka will be well served to closely synchronize its efforts to promote export-oriented manufacturing and foreign direct investment with the SASEC…
Shangri-La’s Hambantota Resort & Spa in Sri Lanka is delighted to announce that Iain McCormack has joined the Shangri-La family as the resort’s new General Manager. With a wealth of luxury hospitality experience spanning an impressive 38 years, Iain’s expertise and insight will be a valuable asset to Sri Lanka’s newest luxury opening. Having spent…
On Sunday, November 20, TV Derana held a telethon dedicated to a cause this media powerhouse took close to heart: Little Hearts – a fundraising project for a new hospital wing for critically ill children at Lady Ridgeway Hospital (LRH). Derana joined forces with Sri Lanka College of Paediatricians (SLCP) and leaders of various industries…
Reuters – Sri Lankan shares ended little changed on Friday, hovering near eight-month lows, while turnover slumped as investors kept to the sidelines on concerns over recent tax proposals. The Colombo stock index ended 0.02 percent down at 6,252.12, and lost 1.17 percent during the week, marking its third straight weekly fall. The bourse hit…
Eight Sri Lankan travel companies that have contributed significantly to the growth of Emirates Holidays in the local market were honoured at a gala awards ceremony in Colombo recently. Hosted by Aitken Spence Travels, the Preferred Sales Agent (PSA) in Sri Lanka for Emirates Holidays, the tour-operating arm of Emirates airline, the awards ceremony celebrated…
The Colombo Stock Exchange (CSE) announces the appointment of Mr. Anthony M. Shanil Fernando as a Director of the CSE Board. Mr. Fernando, Attorney-at-Law, Solicitor, MBA, is a Senior Partner at Anton Fernando Associates Law firm. He is also the Chairman of AFA Corporate Services Limited and the Director of World Express (CMB) Limited. Mr….
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