Honda has just launched the 2017 facelift of the Honda City at Rs 8.49 lakh (ex-showroom, Delhi). This iteration has exterior updates, more features and while the E and VX (O) variants have been axed, a new top-end variant called the ‘ZX’ has been added. As a matter of fact, the 2017 City variants include…
The Colombo Stock Exchange (CSE) will host the Executive Committee Board Meeting for the current term of the South Asian Federation of Exchanges (SAFE) on the 27th of February 2017. Chief Executives of Stock Exchanges in South Asia will attend the Meeting and Workshop on the theme, “Way forward for Exchanges in South Asia”. CSE…
Embarks on a journey to develop a long term strategic plan to gain sustainable competitive advantage South Asia Textiles Limited, a leading Sri Lankan textile manufacturer specialized in producing exceptional quality weft knitted fabric and polar fleece, recently nominated MTI Consulting to conduct a detailed review of their current position and develop a long term…
Reuters – Sri Lankan shares hit a more than one week closing high on Monday as investors picked up battered blue chips such as John Keells Holdings Plc and Dialog Axiata Plc, brokers said. The Colombo stock index ended 0.73 percent firmer at 6,138.73, its highest close since Feb. 2. The index hit its lowest…
Sri Lanka has launched a tender to develop a gas block in the Mannar Basin off its northwest coast, vacated when Cairn India pulled out of an exploration project in 2015 as oil prices plunged. Sri Lanka produces no oil and is dependent on imports but Cairn India Ltd discovered gas in the area in…
Maersk Line the leading container shipping company in the world recently completed 25 years of operations in Sri Lanka. It began its venture in 1992 as Maersk Lanka a JV with Ceylon Trading & John Keels and is today a fully integrated container Logistics Company with Maersk Line, Safmarine and Damco brands represented in Sri…
A million dollar investment by a renowned Japanese investor paves the way for 700Kw mini hydro project at Erathna in Ratnapura. The project which is nearing completion is due to be commissioned in August 2017. Zero Plus Co., Ltd, a reputed corporate with high stakes in cosmetic production, mail order business and fitness is the…
Corporate executives take a slightly more positive stance on the state of business The news from official quarters hasn’t been all that positive with the prospect of a power crisis following prolonged drought conditions that have already dealt a telling blow to Sri Lanka’s agriculture sector. Additionally, the tourism industry will have to contend with…
Reuters – The two founders of Panamanian law firm Mossack Fonseca were arrested on Saturday, the attorney general’s office said, after both were indicted on charges of money-laundering in a case allegedly tied to a wide-ranging corruption scandal in Brazil. Firm founders Jurgen Mossack and Ramon Fonseca were detained because of the risk they might…
PAT Rs9.0Bn Recommended Dividend: 35% of Earnings, 39 Cents per Share Direct and Indirect Contribution to GoSL: Rs31.7Bn Investment in High Speed Broadband: Rs15.6Bn Dialog Axiata PLC announced its consolidated financial results for the year ended 31st December 2016. Financial results included those of Dialog Axiata PLC (the ‘Company’) and of the Dialog Axiata Group…
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