Colombo bourse concluded the weekly activities in negative zone erasing the marginal gains recorded in last two sessions amid net foreign selling. The main index lost 29.00 points or 0.41% to end at a 9-week low of 7,035.15 whereas S&P SL 20 index lost 18.05 points (-0.46%) to end at 3,906.28. The losses were mainly…
The government is to call for international bids for the tender to select a contractor who could lay the pipeline to convey fuel from the Colombo port to the fuel storage terminal at Kolonnawa. The existing pipelines are some 40 to 70 years old and need replacement. The Ceylon Petroleum Storage Terminals Limited (CPSTL) is…
Emirates, a global connector of people, places and experiences, is now making it easier for customers in select markets including Sri Lanka to book and lock in fares while they simultaneously plan their travel itineraries for their business trips, family holidays or weekend getaways. ‘Hold My Fare’ is a new feature on www.emirates.com/lk that offers…
The Colombo Tea Traders Association held a special commemoration ceremony recently to pay tribute to late Mr. Austin Perera, who was the senior most member of the Association, until his demise. Late Mr. Perera, who goes down in the history as the first Ceylonese Chairman of the Tea Traders Association, passed away on the 10th…
The Board of Investment of Sri Lanka granted approval to Alpha Kinam Holdings Lanka (Pvt) Ltd to set up a hotel project of 13 Eco type luxury Suites and 26 chalets in Matale. The project represents an investment of US$ 3 Million. Nichila Oya Resort and Spa hotel complex will be built on a 15.3…
Tokyo Cement Company (Lanka) Limited PLC is to incorporate a subsidiary by the name of Tokyo Super Aggregate Limited with the principal objective of operating a plant to produce manufactured sand, aggregates for concrete and such other by products. Currently, extraction of natural sand is increasingly becoming less of an option due to the lack…
Finance Minister Ravi Karunanayake said that he very patiently requests Sri Lankan exporters to bring back their dollars in foreign countries and invest them in Sri Lanka. The government is prepared to bring in any legislation needed for this and if these dollars are brought into Sri Lanka while foreign interest rates are less than…
Colombo equities witnessed positive returns on Thursday for the second consecutive day despite thin foreign investor activity. All Share index managed to bag 14.44 index points (+0.20%) to end at 7,064.15 while S&P SL20 index inclined by 9.57 index points or 0.24% to close at 3,924.33. Price appreciations in high cap stocks such as John…
SriLankan Airlines’ Colombo bound flight UL 564 from Paris experienced turbulent weather conditions over the Arabian sea, close to India and landed safely at BIA this morning. The Aircraft was an Airbus 330-200. There were 193 passengers including four infants and 16 crew members on board at the time of the incident. Five cabin crew…
Intellect Design Arena Ltd, a specialist in applying true Digital Technologies across Banking & Insurance, today announced that Bank of Ceylon (BOC), a leading foreign bank from Sri Lanka has chosen Intellect’s One Treasury Solution to drive end-to-end treasury management for their India operations. This is the first foreign bank in India to choose Intellect’s…
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