James Packer’s plan to enter the Sri Lankan resort market appears to have hit a stumbling block with reports that the Sri Lankan government has refused to allow casinos at three super-luxury resorts planned in the capital because opponents said they would lead to prostitution. It was not immediately known whether the casino ban would…
The Central Bank of Sri Lanka (CBSL) has requested banks and financial institutions in the island to introduce financial instruments for private sector employees to receive a higher rate of interest after they deposit their moneys obtained on retirement from the Employees’ Provident Fund (EPF) and the Employees’ Trust Fund (ETF), said CBSL Deputy Governor…
Vajira Kulatilleke has been appointed the new Chairman of the Colombo Stock Exchange (CSE) and is to assume duties on 05 June. Mr. Kulatilleke has wide experience in the banking sector in Sri Lanka.
The controlling stake of the picturesque 126 roomed Centara Passikudah Resort & Spa in the eastern shores of the island has changed hands to a company headed by prominent Sri Lankan business personality DhammikaPerera, AdaderanaBiz learns through reliable sources. Centara Passikudah Resort & Spa Sri Lanka, one among the world renowned Centara chain of resorts…
Consumer prices in Tokyo rose at their fastest pace in 22 years in April, surging 2.7% from a year earlier, according to preliminary data. That is up from a 1% annual increase in consumer prices in Tokyo in March. The data comes after Japan increased its sales tax to 8% from 5% from 1 April,…
The Employees’ Provident Fund (EPF) has bought 10 percent of the shares issued by Royal Ceramics Lanka PLC. The EPF has notified this to the Colombo Stock Exchange. The monopoly in the tile sector of Sri Lanka is currently held by Royal Ceramics Lanka Ltd. Headed by prominent businessman Dhammika Perera.
Prominent businessman Ravi Wijeratne is the Sri Lankan partner in Australian multi-million dollar businessman James Douglas Packer’s super luxury hotel and mixed development project with an investment of USD 350 million. With the relevant Gazette notifications passed by parliament yesterday, Ravi Wijeratne who spoke to AdaderanaBiz while being overseas he would consider the future steps…
Shah Rukh Khan, who is always seen cheering up for his team KKR (Kolkata Knight Riders) at the IPL grounds, will not attend any match of the team this season. A source close to the actor reveals, “Srk has to finish the shooting of Farah Khan’s Happy New Year opposite Deepika Padukone. Like always he…
Colombo bourse concluded the week in the negative territory where Benchmark All share price index lost 10.32 points (-0.17%) to close at 6,167.81 and S&P SL 20 index lost 6.59 points to close at 3,387.97. Price declines in index heavy counters such as Ceylon Tobacco (closed at LKR 1,065.50, -3.1%), John Keells Holdings (closed at…
While there is an expressway system being established in Sri Lanka now, the interchanges to these expressways are to be developed by setting up business and other facilities, said a senior government minister. Minister of International Monetary Co-operation and Deputy Minister of Finance and Planning Dr. Sarath Amunugama revealed this while addressing the International Valuers’…
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