Unilever Chief Executive Officer, Mr. Paul Polman, has arrived in Sri Lanka for a two-day business visit to Unilever Sri Lanka. Accompanying Mr. Polman is Executive Vice President – South Asia, and Managing Director and CEO of Hindustan Unilever, Mr. Sanjiv Mehta. Unilever Sri Lanka (USL) has been a high performing business and has a…
The inauguration of the UK trade mission to Sri Lanka, “Putting British Business on the Front Foot”, was held today (Thursday, 27 November, 2014) at the Cinnamon Grand Colombo. Organised by the UK Trade & Investment section of the British High Commission, Colombo, the trade mission saw representatives of 21 British companies eager to explore…
Dialog Axiata PLC has incorporated a wholly owned subsidiary under the name Digital Holdings Lanka Private Limited (DHL) from 24 November 2014. Digital Holdings Lanka Private Limited will function as Dialog Group’s investment holding company for new business areas.
As both Bangladesh and Sri Lanka moved closer to their historic trade pact, the process took a new turn as a keen Bangladeshi private sector itself stepping in to accelerate it on 27 November, a rare development in an on-going Lankan trade negotiations-and bilateral trade between both countries has jumped by a strong 67%. “I…
Colombo bourse extended the losses on Thursday as core index lost 63.83 points (-0.89%) to end at 7,115.89. S&P SL 20 index lost 47.55 points (-1.18%) to end at a nearly one month low of 3,977.15. All share price index declined by 285.73 or -3.9% so far during the week while S&P SL 20 index…
The price of oil has fallen as Opec oil producers prepare for their meeting on Thursday and data showed crude stocks rose last week. Inventories of commercial US crude oil increased by 1.9 million barrels from the previous week, according to the US Energy Information Administration. Brent crude future’s price slid 0.8 to $77.75 a…
The ‘Manusath Derana’ humanitarian project by Derana Powerhouse Ltd media channel was awarded a Merit Certificate at the Best Corporate Citizen Sustainability Awards 2014 held for the 11th consecutive year by Sri Lanka’s oldest and largest commercial entity the Sri Lanka Chamber of Commerce. ‘Manusath Derana’ which is active with humanity in the forefront was…
Colombo stocks closed on 4 week low on Wednesday amid tense political situation. Main index shed 59.64 index points or 0.82% to close at 7,179.72 while 20-scrip S&P SL index dropped by 21.02 index points or 0.52% to end at 4,024.70. Today’s losses were mainly driven by counters such as John Keells Holdings (closed at…
Fitch Ratings Lanka has assigned Siyapatha Finance Ltd’s (SLFL; A(lka)/Stable) proposed subordinated redeemable debentures of up to LKR1bn a final National Long-Term Rating of ‘A-(lka)’. The assignment of the final rating follows the receipt of final documents that conform to information previously received. The final rating is at the same level as the expected rating…
In 1963, whisky makers at a distillery in Scotland filled up a cask and sealed it with the knowledge it would not be opened again for 50 years. Its contents have been watched over for the last half century by David Stewart, a highly respected whisky master for Scotland’s Balvenie distillery. The cask was recently…
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