The Young Members Forum (YMF) of The Ceylon Chamber of Commerce will facilitate the WEF (World Economic Forum) Young Global Leaders ‘South Asia Bridge Initiative’ which will take place in Colombo on the 18th of February. The One day event will take place at The Ceylon Chamber of Commerce and is expected to discuss topics…
Apparel Industry Suppliers Exhibition (AISEX) is an exhibition which aims to bring all suppliers and service organizations (in the industry) under one roof. The exhibition will focus on a wide range of textile machinery, accessories and services from many parts of the world. AISEX 2016 will take place from the 10th – 12th of June…
World renowned Shangri La hotel chain has expressed willingness to make more investments in Sri Lanka. Vice Chairman of Shangri La Madhu Rao revealed this during a discussion with Finance Minister Ravi Karunanayake at the Ministry (10). Among the key issues of the discussion was the ongoing construction activities of the two hotels of the…
There have been no new regulations introduced in the banking of foreign remittances in local banks, said Finance Minister Ravi Karunanayake. The news reports in certain weekend media that when over Rs. 200,000 is remitted and banked locally its source has to be revealed is incorrect and there has been no such changed introduced, added…
Lycamobile, the telecoms firm that is a major donor to the Conservative Party, has narrowly missed being struck off the register of UK firms after failing to file accounts on time. The UK arm of the company, which sells phone airtime and is owned by Sri Lankan group chairman and founder Subaskaran Allirajah, is more…
Ms. Gagan Singh, Chairperson – Jones Lang LaSalle Sri Lanka In office real estate, vacancy levels in prime commercial areas play a vital role in deciding who shall have the better bargaining power while executing the transactions. Minimal vacancy levels in commercial pockets give developers an edge while negotiating. Office occupiers always find it tough…
Sri Lankan shares edged down for the fifth straight session on Friday to close at a more than three-week low, in line with weaker regional peers, as investors stayed off risky assets on concerns over rising domestic interest rates. Asian shares fell for a sixth straight session on Friday as concerns about the health of…
Laugfs Power Limited, a subsidiary of Laugfs Gas PLC, has acquired the total issued shares of Pams Power (Private) Limited for a consideration of Rs. 200 million. Pams Power (Private) Limited holds all right for the development and operation of a two megawatt capacity hydropower project at Kalaweldeniya in Polpitiya.
U.S. crude futures dropped as much as 5% on Thursday, driving prices below $27 for the second time in recent weeks. It settled at $26.21, the lowest point since 2003. The steady decline is creating a widespread headache for financial markets. It’s causing energy companies’ profits to plunge, raising worries about the prospect of bankruptcies…
Hayleys PLC posted Rs. 1.5 billion in Profit before Tax (PBT) for the quarter. PBT for the nine months ending December 2015 was at Rs. 4.2 billion, whilst turnover reached Rs. 67.6 billion. The Transportation and Logistics, Purification, Agriculture, Construction Materials, Industrial Inputs and Leisure segments of the business recorded growth during the period under…
Video Story
