The Sri Lanka Ports Authority (SLPA) revealed that the total container volume handled at the Colombo port during January 2016 has increased by 3.6% to 197,228 TEUs compared with the same period of 2015 reported for 190,285 TUEs. It further reveals that progress was achieved by the time of new administration came in to work….
New research reveals 79 percent of real estate agents surveyed in Sri Lanka believe interest in green buildings increased between 2014 and 2015. This is according to the recently-released Lamudi Real Estate Market Report, which shares insight into sustainability in Sri Lanka. One survey conducted by Lamudi Sri Lanka showed over 64 percent of respondents…
Reuters – Feb 2 Sri Lankan shares rose for a fourth straight session on Tuesday to close at their highest level in nearly three weeks, led by Expolanka Holdings after a major shareholder bought an additional 16 percent stake in the company. Japan-based SG Holdings Global Pte Ltd acquired the stake at 8.30 rupees per…
The new president of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) Mr. Lasantha Wickremasinghe recently unveiled a four-point plan for the next two years, which, according to him will help the institute and the accounting profession remain at the helm. Delivering his inaugural address as the 23rd President of the institute,…
Hutch CEO commends TRC for new Flat Rate determination The Telecommunication Regulatory Commission (TRC), the country’s telecom regulatory authority has established a new flat calling rate from 01st February, 2016. The old dual on-net/off-net tariff structure charged mobile subscribers twice the rate for calling off-net compared to calling on-net. This caused a lot of confusion…
In 2014 SLT proudly announced its partnership with 15 international telecommunication operators representing 17 countries, in the formation of a consortium in order to build the South East Asia – Middle East – Western Europe 5 (SEA-ME-WE 5) state-of-the-art undersea cable system. The 1st of February 2016 marked the arrival of this multi-regional superhighway in…
The Colombo Stock Market has recorded a daily turnover of nearly Rs. 03 billion due to a share transaction of Expolanka Holdings PLC today (02 February). During this transaction, 313,816,001 Expolanka shares were traded at Rs. 8.30 each, totaling a turnover of Rs. 2.6 billion. On inquiry, Expolanka Holdings Corporate Communications Division head Paddy Weerasekera…
Tea Exporters Association (TEA), the private sector body dedicated to promote tea exports from Sri Lanka, will be conducting a workshop on ‘Tea Strategy Development’ required in each stakeholder sector of the tea industry in achieving the revenue target of US $ 5 billion by 2020. The Tea Strategy workshop will be held on Tuesday…
World prominent digital, mobile and internet financial transaction medium PayPal’s Asian head is to arrive in Sri Lanka tomorrow (03 February), said Ministr of Telecommunication and Digital Infrastructure Harin Fernando. The Minister added that the Hong Kong based PayPal Asian chief would also meet Finance Minister Ravi Karunanayake and Central Bank Governor Arjuna Mahendran during…
Hemas Holdings PLC rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) yesterday. This event was yet another in a series of Market Opening Ceremonies, featuring companies from the S&P SL20 index. Chairman Mr. Husein Esufally, Group CEO Mr. Steven Enderby and Executive Director/ CFO Mr. Malinga Arsakularatne represented Hemas Holdings…
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