The Akbar Brothers KAF Foundation recently announced its partnership with Trail 2016 as a as a Platinum Sponsor, at a ceremony held at their head office at Colombo 10. Trail, Sri Lanka’s largest ever crowd funded charitable initiative, raised US$ 2.6 million in 2011 to build the Tellippalai Trail Cancer Hospital. The hospital is the…
Reuters – Sri Lankan shares ended steady on Friday, with falls in hotels and travel companies offsetting gains in diversified holdings and health care stocks, while foreign buying helped boost turnover. The benchmark Colombo stock index ended 0.02 percent weaker at 6,539.09 and posted its second straight weekly loss, of 0.2 percent. Foreign investors, who…
Central Depository Systems (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), celebrates 25 years in the Sri Lankan Capital Market today. The CDS was established by the CSE in 1991, marking a historic breakthrough in clearing and settlement in Sri Lanka. The milestone was celebrated at a market opening ceremony…
The Central Bank of Sri Lanka hosted the 24th SAARCFINANCE Coordinators’ Meeting at the Central Bank premises, Colombo, on 1st September 2016. The 24th SAARCFINANCE Coordinators’ Meeting was attended by SAARCFINANCE Coordinators and Focal Points from the Central Banks and Ministries of Finance in the SAARC region. The broad objective of SAARCFINANCE is to promote…
Launches a comprehensive array of affordable, high quality facilities and services in Gampaha district Pioneering multi-chain healthcare provider, Hemas Hospital, announced the opening of an advanced new wing with enhanced facilities and the launch of several new surgical specialities at its Wattala facility on Thursday (1 September). The latest in a continuous strategy of investment…
Reuters – Sri Lankan shares rose marginally on Thursday in lean trade, recovering from a more than two-week closing low in the previous session, helped by foreign buying and gains in financials. The benchmark Colombo stock index rose 0.19 percent to close at 6,540.29. “It’s a buyers’ market. There was not a lot of selling,”…
The 1st of September 2016 saw the beginning of the 26th annual FACETS Gem & Jewelry Show at the BMICH. His Excellency, President Maithripala Sirisena attended the inauguration ceremony as chief guest, along with a number of members of parliament, representatives of the Diplomatic Co, members of the National Gem & Jewelry Authority and the…
National Development Bank PLC (NDB) rang the Opening Bell to commence trading at the Colombo Stock Exchange (CSE) for the month of September and recognized the capital market as a key contributor to the growth of the Bank over the years. Director/Chief Executive Officer of NDB Mr. Rajendra Theagarajah stated “NDB is a classic example…
Fairway Holdings, established by well-known entrepreneur Hemaka de Alwis, is preparing to go to the next level of corporate dynamism by strengthening its management team. As a home-grown Sri Lankan corporate, Fairway Holdings is known for its pioneering spirit and rapid growth. Continuous innovation and consciously raising the bar has been the cornerstone of our…
Sri Lanka’s premier connectivity provider, Dialog Axiata, announced the launch of VoLTE (Voice over LTE) enabling ultra-high quality voice and video calls over its 4G LTE Networks, becoming the first operator in the country to do so. The Dialog Group operates Sri Lanka’s widest mobile 4G network based on FD-LTE technology and a Fixed 4G…
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