Colombo Benchmark index extended the losing streak for the fourth consecutive day, recording the highest intra-day drop since September and closed at nearly eight month low of 6,909.15, down by 0.75% or 52.26 index points. 20-scrip S&P SL index shed 46.35 index points or 1.25% to close at 3,657.69. Premier blue-chip, John Keells Holdings (closed…
ODEL fashion retail chain pioneer and Director of Embark Otara Del Gunawardene says that she is dissatisfied with the way zoos are maintained in Sri Lanka. This is a video interview that Ada Derana Biz 24X7 had with her:
In a breakthrough move in the life insurance sector, Janashakthi Insurance has extended life cover to those diagnosed with HIV. This is a unique new policy that will change the lives of many people and give them peace of mind. Over 3300 people were living with HIV by the end of 2014, according to estimated…
Anantara Hotels, Resorts & Spas has named Tamir Kobrin as the opening general manager of Anantara Peace Haven Tangalle Resort in Sri Lanka. With over 20 years of hospitality experience in resorts and hotels in the United States, Caribbean, Europe, the Middle East and Southeast Asia, Kobrin is leading the team at Anantara’s first resort…
Making remarkable progress of Venora International Projects (Pvt) Ltd., awarded with the Global award FOR QUALITY & BUSINESS PRESTIGE On 23rd November – 2015 in Geneva – Switzerland. Which was organized by The OMAC (Association of Other Ways Management and Consulting). OMAC is a Member of the American Management Association and Member of the American…
This is with reference to the publicity given in some of the print and digital media with regard to an acquisition contemplated by Mobitel (Pvt) Ltd. In this regard, Mobitel denies the assumptions and opinions made on the subject that Mobitel is intending a payment which is over and above the value of the target…
The first-ever India Sourcing Fair will be held from 8 – 12 December 2015 at the SLECC in Colombo. The event is organised by the India Trade Promotion Organisation (ITPO) – Public Sector Enterprise under the Ministry of Commerce, Government of India and supported by the Indian High Commission in Sri Lanka. “This is a…
Colombo equities wrapped the weekly operations with marginal negative returns on Friday amid the low investor activity. Benchmark index swung between gains and losses to end the session at 6,961.41, decrease of 1.96 index points or 0.03%. S&P SL20 index shed 0.96 index points (0.03%) to close at 3,704.04. Today’s losses were driven by the…
How can Sri Lanka be internationally branded as a wildlife tour destination? Veteran wildlife photographer and Vice President of the John Keells Group, Chitral Jayatilake speaks to Ada Derana Biz 24X7:
Fitch Ratings expects growth in sales of automobiles, mostly small cars, in Sri Lanka to slow in 2016 due to higher taxes and a weaker currency, which will increase prices of vehicles in the local currency. Tighter regulation on vehicle loans will also impact affordability for buyers. Registrations of new vehicles increased 375% in the…
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