A business delegation from Guangdong Province visited the Board of Investment of Sri Lanka (BOI) with the objective of exploring opportunities for investment in Sri Lanka. The delegation consisted of Senior Chinese State and Party officials and executives of enterprises from Guangdong particularly from the port city of Nansha. The Chinese delegation was received by…
Reuters – Sri Lankan shares fell to a more than four-month closing low in thin volume on Wednesday as investor sentiment was dented by the budget tax proposals last week, including revisions in corporate and withholding taxes, to boost revenue. The government aims to boost its 2017 tax revenue by 27 percent to 1.82 trillion…
Public Utilities Commission of Sri Lanka, the electricity sector regulator, announced its activity plan for the year 2017 in order to improve the productivity and convenience for electricity consumers, ensure an affordable price for consumers and sustainable financial stability for licensees, improve safety for every living being and properties of General public, licensees & operators…
First Capital Holdings PLC, reported significant growth in the first half of 2016/17 recording a consolidated turnover of Rs. 1.78Bn. The investment bank’s consolidated profit after tax increased to Rs. 406Mn compared to Rs. 4Mn in the corresponding period of the previous year. The group’s primary dealer arm, First Capital Treasuries PLC, was the leading…
Access Engineering PLC (Access) rang the Opening Bell to commence trading at the Colombo Stock Exchange (CSE) today. The Bell Ringing ceremony was organized by the CSE as part of a series featuring companies included on the S&P Sri Lanka 20 Index. Sharing his remarks at the ceremony, Chairman of CSE Mr. Vajira Kulatilaka stated…
Dr. Chris Nonis has relinquished his position as chairman of Agalawatte Plantations Limited effective 11 November. Meanwhile, Raymond Kam Man Ng, Francis Lalith Fonseka, Senarath Chandula Jayalala Devendra and Ms. Shelendra Marianne Andrea Nonis Ranaweera also tendered their resignations from the Board of Directors of Agalawatte Plantations Ltd, effective on the same date. Macwoods Plantations…
World’s second ranked construction economy came forward on 12 November to partner with Sri Lanka’s ambitious Megapolis Project. “Turkish contractors are world renowned. They can partner in various construction projects in Sri Lanka including the planned Megapolis” said Turkish Prime Minister Binali Yıldırım on 12 November in Istanbul. Turkish PM Yıldırım was addressing Sri Lanka’s…
LankaClear Pvt Ltd the operator of LankaPay – Sri Lanka’s National Payment Network in a ground breaking initiative recently launched JustPay, an initiative to facilitate Retail Payments via disruptive technology innovations. The launch was held under the patronage of Dr. Indrajit Coomaraswamy, Governor of the Central Bank of Sri Lanka, Chief Guest and Mr. Wasantha…
Turkey has agreed to offer support in developing the Marine University of SL in equipping the Sri Lankan youth with skills and knowledge related to fisheries industry. Mrs. Nezaket Emine Atasoy, made such statement during her discussion taken place with State Minister of Fisheries Dilip Vedaarachchi and State Minister of Skills Development and Vocational Training,…
Sri Lanka’s Sathsindu Limited chairman Rohan Abeywickrema joined Ada Derana Biz 24×7 to share his views on the benefits to the tourism industry by developing the tourist passenger shipping services. Rohan Abeywickrema and his company Sathsindu Limited played a prominent role in the recent arrival of the world’s largest passenger vessel, the super luxury ‘Genting…
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