Khadar, 62, hits Dubai Duty Free raffle six days after escaping from burning plane and months before he is due to retire Dubai: For Mohammad Basheer Abdul Khadar, two numbers have proven to be very lucky — EK521 and 0845. The Dubai expatriate who was on board EK521, the Emirates flight which was involved in…
The importance of the Chartered Accounting qualification offered by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) was highlighted recently by respected corporate leader, Mr. Mahendra Jayasekera. Addressing students of leading Colombo schools, Mr. Jayasekera, who is the Managing Director of Lanka Tiles PLC, Lanka Walltiles PLC and Swisstek (Ceylon) PLC, said…
Leading Thai cement manufacturing company, Siyam City has expressed their interest for more investments in Sri Lanka in Puttlam and Galle cement factories. A group of representatives, led by the Chief Executive Officer Siva Mahasandana recently met with the President Maithripala Sirisena in Colombo. He said that Sri Lanka was a great destination to invest….
Reuters – Aug 10 Sri Lankan shares closed at a more than 10-week high in brisk trade on Wednesday as heavy buying by foreign investors in index heavyweight John Keells Holdings buoyed sentiment across the board. The benchmark Colombo stock index ended 0.52 percent higher, or up 33.64 points at 6,543.75, its highest close since…
CEO’s Review Through continued focus on our strategic priorities, profitable growth, improved organizational structure and innovation, we delivered strong revenues and earnings growth for the first quarter of financial year 2016/17. Hemas Holdings PLC (HHL) and its subsidiaries achieved consolidated revenues of Rs.9.9Bn, year-on-year (YoY) growth of 12.1% for the period, operating profit reached Rs.907Mn…
Resident visas will be granted to foreign individuals who bring a large amount of foreign exchange into the country. A Special Deposits Account act will be introduced for this purpose. Under the proposed act an individual who remits USD 300,000 will be granted 10 years residency while a minimum balance of USD 300,000 should be…
Sri Lanka’s technologically driven market today forms an integral part of the global cyberspace. Characterised by a rapidly growing economy, companies are adopting technology solutions to remain competitive as well as to boost productivity. The exponential growth in cyberspace has introduced organisations to rapidly evolving cyber threats. Given this heightened awareness for cyber security, organisations…
Twentieth Presidential Export Awards organized by Sri Lanka Export Development Board (EDB) was held under the patronage of President of Maithripala Sirisena yesterday (9th Aug.) at the BMICH. 113 awards under 10 categories were presented for the years 2014/ 15. ‘Sri Lanka Exporter of the Year’, ‘Highest Nett Foreign Exchange Earner’, ’Most market diversified Exporter’,…
Colombo Port has taken several steps to expand warehouse facilities. Under the first phase Sri Lanka Ports Authority stated that warehouse CFS 01 which was constructed, is to be opened by President Maithripala Sirisena today (10th Aug.) for the 37th anniversary of the Sri Lanka Ports Authority. This 5400 square meter warehouse was built targeting…
The 19th Annual General Meeting of the Sri Lanka – Singapore Business Council (SLSBC) of The Ceylon Chamber of Commerce was held recently at The Ceylon Chamber of Commerce. The SLSBC was inaugurated in 1997 under the aegis of the Ceylon Chamber of Commerce with the objective of promoting trade, investments, tourism and services between…
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