Diesel & Motor Engineering PLC (DIMO) recently appointed four new directors to its Board effective from 1st June 2016. The new directors are Mr Asite Talwatte, Mr Vijitha Bandara, Mr Wijith Pushpawela and Mr Chaminda Ranawana. Mr Asite Talwatte is the former Country Managing Partner at Ernst & Young, a position in which he served…
Sri Lanka on Thursday announced plans to lift six-decade-old restrictions on foreign exchange flows and allow free transfer of money in and out of the island, to encourage investment in the struggling economy. The island tightly controls foreign currency transactions under a 1953 law that does not allow the free repatriation of capital, in an…
Reuters – Sri Lankan shares ended steady on Friday as positive sentiment after an IMF loan approval offset concerns over rising interest rates and foreign fund outflows. Turnover was 275.1 million rupees ($1.90 million), the lowest since March 19, and less than half of this year’s daily average of around 773.2 million rupees. The benchmark…
A diverse set of domestic cement majors like Dalmia Bharat, Shree Cements along with South-based Ramco are in hot pursuit of LafargeHolcim’s Sri Lankan operations that the global cement major is divesting as part of a global portfolio realignment. These players have been shortlisted after an initial round of screening and are competing with local…
Reuters – Sri Lankan shares closed steady on Thursday as positive sentiment after an IMF loan approval offset concerns over rising interest rates and foreign fund outflows. Turnover was 326.9 million rupees ($2.25 million), the lowest since March 19, and less than half of this year’s daily average of around 778 million rupees. The benchmark…
At WCIC’s Woman Entrepreneur of the Year awards event To recognize the exceptional performance of women in the business of exports, Sri Lanka Export Development Board (SLEDB) has come forward as the principal sponsor for ‘Woman Exporter of the Year’ award, to be given out at one of the most coveted ceremonies where successful women…
Following the overwhelming demand from the country’s corporate elite, the Strategy Summit organized by the Business School of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), is making a comeback for the second consecutive year. This year’s summit, which will be held on the 26 and 27 July 2016, will see four…
Today the 9th of June 2016, “AISEX 2016” opens its doors at BMICH to bring all suppliers and service organizations under one roof. The exhibition will focus on a wide range of textile machinery, accessories and services from many parts of the world. AISEX aims to sharpen the manufacturers hunger for technological innovations in the…
Sri Lanka is expected to see 5.3 per cent economic growth in the next three years despite challenges, the latest Global Economic Prospects report released by the World Bank showed on Thursday. “Although facing monetary and fiscal tightening, growth of the island will (occur due to) infrastructure spending financed with sizable FDI flows… Recent restraint…
Enroll in our workshop if your Organization wants to align itself to the Global Sustainability agenda as set out by the UN Sustainable development goals 2016-2030 and learn from the best in academia and industry. Equip yourself with the knowledge of using sustainability led innovation to drive top-line revenue. As sustainability strategy moves up the…
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