EVA Air, the award winning airline based in Taiwan, has awarded Hemas Aviation as the General Sales Agent (GSA) for Passenger and Cargo representation in Sri Lanka with effect from 1st January 2017. The opening of the EVA Air office at Hemas Building Fort took place on 2nd January 2017. Hemas Aviation will leverage its…
George Steuart Health, the leading pharmaceutical solutions provider in Sri Lanka has yet again proved their aspiration to deliver the finest medical care to their customers across the island by introducing Allergoff- an allergen neutralizing spray which helps treat symptoms of house dust allergens related allergies. The innovative formula used for this revolutionary product introduced…
Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, introduced an instalment payment system for those who are not able to pay the connection charge for a new electricity connection, in terms of Section 27 of the Sri Lanka Electricity Act, No. 20 of 2009 as amended. “Sri Lanka has named year 2017…
Reuters – Jan 17 Sri Lankan stocks closed lower on Tuesday for a second straight session as investor sentiment took a hit on political uncertainty and as yields on short-term bonds rose. The Colombo stock index ended 0.24 percent weaker at 6,186.52, stepping away from its highest close since Dec. 30 hit on Friday, when…
Proud to partner with the first 5 star hotel in 25 years, in the country Colombo, 16/ 17th January 2017: S&T Interiors announced today that it has successfully completed the turnkey interior project for the Mövenpick Hotel, Colombo. S&T Interiors is a subsidiary of S&T Interiors and Contracting, a global leading turnkey contracting company with…
The real estate giant Prime Group announced acquisition of 75.5% of stake in Summit Finance PLC for Rs. 510 million from Sarvodaya Development Finance Ltd. Summit Finance PLC will be re branded as Prime Finance PLC and will continue as a subsidiary of Prime Group. Prime Group will invest a further capital of Rs. 207…
Over 50% of all apartments have already been sold Blue Mountain Apartments, part of the Blue Mountain Group, is set to commence the construction of its most iconic development project to date – Achilleion, Colombo’s first 7 star luxury apartment complex. The ground-breaking ceremony will take place on the 19th of January and the mega…
Reuters – Just eight individuals, all men, own as much wealth as the poorest half of the world’s population, Oxfam said on Monday in a report calling for action to curtail rewards for those at the top. As decision makers and many of the super-rich gather for this week’s World Economic Forum (WEF) annual meeting…
The President and the Executive Vice President of Coca Cola Company Asia Pacific Group met Finance Minister Ravi Karunanayake in Colombo on Saturday (14 Jan). Asia Pacific chiefs of Coca Cola Company said that they are ready to develop Sri Lanka as a production hub in the region. They pointed out that Sri Lanka could…
The fifth Asia Pacific Trade Agreement (APTA) meeting is to be held in Sri Lanka in 2019. APTA is also likely to expand further, according to Sri Lanka Department of Commerce. The fourth Ministerial Council Session of the Asia Pacific Trade Agreement was successfully concluded on 13th January 2017 in Bangkok, Thailand. Sri Lanka Delegation…
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