New Nawaloka Medical Center (Pvt) Ltd, a wholly owned subsidiary of Nawaloka Hospitals PLC signed a memorandum of understanding on 30 May 2015 with Harmony and Fusion International (Pvt) Ltd for a joint venture company under the name Nawaloka Guardian International (Pvt) Ltd to carry out an elder care services. Nawaloka Hospitals will take up…
Ceylinco Insurance PLC incorporated its two fully owned subsidiaries Ceylinco Life Insurance Limited and Ceylinco General Insurance Limited in order to carry out its long term and general insurance businesses while complying with the segregation of the two classes of insurance businesses under the Regulation of the Insurance Industry (Amendment) Act. Accordingly, the Insurance Board…
The crowning beauty for Ms. Earth 2014, Jamie Harrell resides at Citrus Waskaduwa during her stay in Sri Lanka. Ms. Earth 2014, has been invited to be a judge at the Derana Miss Sri Lanka Contest 2015. About Jamie Harrell – Ms. Earth 2014 By winning the Miss Philippines Earth 2014 title, Jamie became the Philippines’ delegate…
Stocks were broadly lower Wednesday for a third straight day, as profit taking continued in index heavyweights. Benchmark All Share Price index lost 45.73 points or -0.64% to end at 7,149.46 whilst S&P SL 20 index lost 14.70 points (-0.37%) to end at 3,971.47. The losses were mainly driven by price declines in high cap…
The government is preparing an exclusive business plan for the Mattala International Airport built by the previous government and dubbed a ‘white elephant’ by the present government. The government has appointed a Cabinet sub-committee for the preparation of this marketing plan and it is reportedly to meet for the first time at 3.30 pm tomorrow…
Nissan is allegedly preparing to upgrade the current Leaf’s battery before the next-generation model arrives on the market. Higher trim levels are expected to receive a 30-kWh battery pack for the 2016 model year, while the entry-level ‘S’ package will retain the current 24-kWh module, two unnamed dealers told InsideEVs. The report suggests the 25-percent…
Sri Lanka has lost 36.5 per cent of its sea foods export revenue since last January due to the European Union ban of fishery product exports from the island, state the latest data released by the Central Bank of Sri Lanka. This downward trend is when compared to March last year and the main reason…
The Consumer Consultative Committee of the Public Utilities Commission of Sri Lanka in collaboration with the Ceylon Chamber of Commerce is organizing a discussion to obtain feedback from large scale industrial consumers regarding electrical power generation and distribution issues in the country. The upcoming discussion, which is to be held on the 11th of June,…
Malaysia Airlines is “technically bankrupt”, its chief executive has said, as he announced a restructuring programme and plans to cut about 6,000 jobs. The announcement follows the twin air disasters which forced its nationalisation last year. The airline said it had “offered jobs” to 14,000 of its 20,000 workforce. The move was expected and follows…
* Revenue for the year 2014/15 at Rs. 6.4 Bn * Aims for leading market share in Sri Lanka’s FMCG landscape In its interim financial statement released for the fourth quarter of the financial year 2014/15 Renuka Foods PLC recorded a revenue of Rs. 1,703 Mn, a 17% increase compared to the revenue during the same…
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