LONDON — Plans to build a car tire plant in Sri Lanka have become bogged down in a fight over the sale of land for the $78 million project. The proposed plant was unveiled in January by Nandana Jayadewa Lokuwithana, a businessman and head of UAE-based Ceylon Steel Corp. The facility, it was announced, would…
KUALA LUMPUR: Westports Holdings Bhd has confirmed that it is keen to participate in the Hayleys PLC-led consortium bidding to complete the construction of Colombo Port’s East Container Terminal in Sri Lanka. The Sri Lankan government called for bids to develop the deep-water terminal on a “build, operate and transfer” basis last year. The project…
The Chairman of the German Tea Association Jochen Spethmann during his meeting with Ambassador Karunathilaka Amunugama, assured his Association’s fullest cooperation in promoting Ceylon tea in Germany and in other European markets. Spethmann also appreciated the commitment and the efforts of the Sri Lanka Tea Board and the tea trade in producing quality products….
Reuters – Sri Lankan shares fell on Wednesday, retreating further from a near 11-month closing high hit on Friday, as investors booked profits in large caps such as Ceylon Tobacco Co Plc and conglomerate John Keells Holdings Plc. The Colombo stock index ended down 0.67 percent at 6,563.85 with Ceylon Tobacco shedding 1.7 percent and…
The Central Bank on 26.04.2017 mandated the primary dealers and licensed banks to use the Bloomberg electronic bond trading platform to trade repurchase transactions (repos) in government securities. Accordingly, they are required to: a). quote and trade repos between them in the trading platform, and b). report in the trading platform repos carried out over-the-counter…
Foreign Investors, already registered to take part in the upcoming ‘Sri Lanka Investment and Business Conclave 2017’ has shown interest in the areas of Agriculture, Export Manufacturing, Infrastructure development, Port development, Power & Energy, Telecommunications and Related Services and Tourism and Leisure. Registered participants have also shown keenness to explore investment opportunities in sectors such as Distribution of…
The Ceylon Chamber of Commerce is encouraged by the prospects of regaining the GSP Plus trade preferences and is hopeful that the final vote at the EU Council of Ministers will be favorable. The granting of GSP Plus to Sri Lanka once again will have a significant positive impact on the country’s exports to the…
Reuters – Sri Lankan shares were largely unchanged in thin trading, near an 11-month high on Tuesday, as foreign investors turned net sellers for the first time in 26 sessions while blue chips saw profit-booking after a prolonged rise. Foreign investors net sold shares worth 29.8 million rupees on Tuesday, but remained net buyers of…
In recognition of using high-tech applications in Sri Lanka’s agribusiness sector, launching of new innovative brands, ensuring high standards of customer service and strong client relations, Sri Lanka’s diversified conglomerate, Sunshine Holdings was awarded ‘Most Innovative Holding Group’ by Global Banking and Finance Review – the leading financial and banking magazine in the United Kingdom….
The Executive Chairperson of Dunamis Capital PLC and its listed subsidiaries First Capital Holdings PLC and Kelsey Developments PLC, Mrs. Manjula Mathews has retired from her post with effect 30th April 2017. Mrs. Mathews, a Fellow Member of the Chartered Institute of Management Accountants (UK) and an Alumnus of the University of Cambridge (UK),…
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