Colombo Land and Development Company PLC (CLDC), a leading real estate development company in Sri Lanka announced the appointment of Mr. Vasula Premawardhana as the Chief Executive Officer of CLDC with effect from the 1st of January 2016. Mr. Vasula Premawardhana is an accomplished professional with over 20 years of comprehensive professional and commercial experience…
Pioneer of ‘The Open Society’ and large-scale financial investor George Soros who attended the ‘Sri Lanka Economic Forum 2016’ which began today (07 January) said the achievements of the Sri Lankan government within a short period has impressed him. “I researched Sri Lanka when I was invited to this forum. I was impressed by what…
Reuters – China accelerated the depreciation of the yuan on Thursday, sending regional currencies and stock markets tumbling as investors feared the Asian giant could trigger competitive currency devaluations from trading partners. China’s stock markets were suspended for the rest of the day less than half an hour after opening as a new circuit-breaking mechanism…
SriLankan Airlines became the first airline to offer BBC News, AFP Sports and AccuWeather with live updates while in flight on the latest Thales Avant System, giving passengers real-time information on news, sports and weather around the world. While BBC News and AFP Sports keep passengers up-to-date on the latest happenings and scores, they can…
The Indian Hotels Company Limited, the second largest shareholder of Taj Lanka Hotels PLC disposed of 34,375,640 shares of the hotel amounting to 24.62 per cent of the company’s issued capital to IHOCO BV of Amsterdam, the Netherlands at the consideration of Sri Lankan Rs. 25 per share. The total transaction amounted to Rs. 859.39…
The First Joint Commission International accredited hospital in Sri Lanka, Durdans Hospital, recently appointed veteran medical administrator Dr. Wimal Karandagoda as its Chief Operations Officer and Director Medical Services. Dr. Karandagoda taking up his new position on the first of January 2016 said, “It is indeed a privilege and honour for me to take up…
For the first time in Sri Lanka, Uber in cooperation with Simplifly featured the ultimate experience, UberCHOPPER. This one-of-a-kind on-demand, UberChopper has the combination of an adrenaline rush, sky high style, luxury and amazing scenery. For one day only, Uber riders had the chance to experience an unforgettable ride in a helicopter owned and operated…
The negative trend of the New Year continued on Wednesday as the benchmark index closed at 6,817.65, a decline of 27.65 index points or -0.40%, while the S&P SL20 index shed -13.07 index points or -0.36% to end at 3,573.18. Top negative contributors that drove the index lower were Ceylon Tobacco (LKR 970.00, -1.0%), Lion…
A 60 member trade delegation from the Tamil Nadu Chamber of Commerce & Industry will be visiting Sri Lanka to participate at the upcoming Jaffna International Trade Fair, scheduled from the 29th – 31st of January 2016. The President of the Chamber along with leading businessmen and industrialists representing various business sectors such as Food…
Small and medium scale entrepreneurs are the main shareholders of the national economy. As such they should be armed with new business knowledge to give of their best to strengthen the national economy. For this they should abandon traditional methods and get accustomed to the use of new digital business technologies. The Federation of Chambers…
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