After taking notice of the details of vehicles belonging to Ministries, Departments and Government institutions presented to the Cabinet Minister of Finance Ravi Karunanayake, the government has taken steps to minimize the wastage thus caused. Accordingly, out of the 59,160 registered vehicles belonging to Ministries, Departments and Government institutions, a considerable number are still being…
With reform momentum apparently stalling, a swift depreciation in the rupee and subdued export demand weighing heavily, Indian business confidence hit a one-and-a-half year low in September, according to a new survey. The MNI India Business Sentiment Indicator, a gauge of sentiment among Bombay Stock Exchange-listed (BSE) companies, fell to 61.4 in September from 62.3…
A trendsetting project in Sri Lanka, Cinnamon Life has been launched with pride by Waterfront Properties (Private) Limited, a member of the John Keells Group. This architectural icon has been envisioned as a 4.5 million sqft Integrated Resort consisting of an 800-room luxury Cinnamon hotel, avant garde experiential and entertainment haven, residential apartments, state-of-the-art office…
Sierra Cables PLC recently carried out a recent survey at Nairobi in Kenya on the feasibility of a cable manufacturing plant to supply transmission and distribution cables to East African countries. These feasibility studies have indicated favourable financial outcomes and a formal project report has now been approved by the company’s Board of Directors for…
Colombo equities snapped the five day losing streak and closed with positive returns as bargain hunters entered into the battered blue-chips driving the market activity to a 3 week high. All share index gained 14.01 index points (0.20%) to close at 7,118.38 while 20-scrip S&P SL index end higher at 3,895.70, up by 14.66 index…
The Colombo Stock Exchange (CSE) proudly recognises the achievement of a member of its staff,Mr. Arfath Saleem of the Human Resources Division who competed at the World Championships of public speaking in Las Vegas, USA fromAugust 12-15, 2015. Mr. Saleem was placed amongst the top 10 speaker of the world. Following several competitions at club,…
The Urban Development Authority (UDA) which was under the purview of the Ministry of National Defence and Urban Development during the former government have been brought under the purview of the Ministry of Megapolis and Western Development by the incumbent government. The Minister in charge is Patali Champika Ranawaka. The government has published the Gazette…
Colombo equities ended another lackluster trading session amid fragile investor confidence on economy. All Share Price index marginally declined by 3.50 points or 0.05% to end at 7,104.37 while S&P SL 20 index marginally declined by 4.67 points or 0.12% to end at 3,881.04. Price declines in counters such as Hemas Holdings (closed at LKR…
The Ceylon Chamber of Commerce and the Beijing Chamber of International Commerce today (21) signed an MOU to work together to promote trade and commercial ties between the two countries. Mr. Mangala P. B. Yapa, CEO / Secretary General of the Ceylon Chamber of Commerce and Mr. Yu Haibo, Deputy Director General of the Beijing…
Cinnamon Hotels & Resorts will mark the occasion of ‘World Tourism Day 2015’ with the first-ever ‘Future of Tourism & Responsible Travel for Driving Revenue’Summit. Scheduled to be held on 28 September at the Cinnamon Lakeside Colombo, Cinnamon Future of Tourism Summit will have global experts exploring the future trends of tourism as well as…
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