MTI Consulting, as part of an initiative to scale up its corporate finance and investment advisory practice, recently announced the appointment of Naushervan “Naush” Beg, a Canadian-Pakistani with formidable international experience in financial services, capital markets, private equity and investment facilitation. In Sri Lanka as part of a regional road show, Beg shared his views…
Chennai: French auto major Renault is recalling an estimated 50,000 units of its best selling entry level small car Kwid in India to rectify a faulty fuel system and add a hose clip. Renault India is conducting a pre-emptive and voluntary inspection of select 0.8 L variants (800cc) of Kwid that were produced up to…
Sri Lanka expects to host the World Economic Summit by next year, said State Minister for International Trade, Sujeewa Senasinghe while speaking to the media on the Trading Floor of the Colombo Stock Exchange this morning (13 October). While speaking further, Senasinghe added, “We have gained an opportunity to hold the World Export Development Forum…
UN’s apex industry body is planning for much larger intervention in Sri Lankan industry sector-and has reiterated its support for the industry development vision of Sri Lanka’s national unity government. “In the next country policy for Sri Lanka, UNIDO is keen to build a more comprehensive industry support level” said UNIDO Representative and Regional Director…
The Brandix Group was declared the sole winner for HR Excellence in South Asia (excluding India), at the 2016 HR Awards of the Society for Human Resource Management (SHRM), the world’s largest professional association devoted to the sphere. Sri Lanka’s top ranked exporter and the largest employer in the country’s export sector was presented the…
A tourism promotion program was organized by the Embassy of Sri Lanka in Tehran on 09 October 2016 with a view to further promoting tourism between Sri Lanka and Iran. The program which was held at the Embassy of Sri Lanka in Tehran was attended by a group of leading tour/travel operators in Tehran and…
Sri Lankan shares hit a two-week closing low on Wednesday, their third straight session of losses, as increased risk appetite by foreign investors failed to offset selling pressure on index heavyweights and financials ahead of corporate results. Trading volumes were moderate as cautious investors waited for announcements of corporate results for the September quarter starting…
Reuters – Toyota Motor Corp (7203.T) said on Wednesday it was recalling around 340,000 of its latest Prius gasoline hybrid model in Japan and overseas to fix a parking brake issue. The recall covers models produced between August 2015 and October 2016, and affects around 210,000 vehicles in Japan and 94,000 in North America, Toyota…
The Sri Lanka Retailer’s Association (SLRA) entered into a MOU with Ceylon Chamber Of Commerce (CCC) on the 29th of September 2016, which will result in the Chamber providing the Association with secretarial and other required support towards achieving the Association’s objectives and goals. The MOU was signed by Ms. Dhara Wijayatilake, CEO of the…
As per the media reports published recently that SriLankan Airlines is adding brand new A320 Neos to its fleet, the Airline wishes to clarify that all these aircraft were ordered by the former management under the previous government. “What we are doing here is dealing with the aircraft orders placed by the previous management. In…
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