The Chartered Institute of Management Accountants (CIMA) have appointed Irene Teng into the role of Regional Director – Asia Pacific. Irene will be responsible for the world’s leading and largest management accountancy body across South East Asia, the Middle East, South Asia, Australasia and North Africa. Irene, who joined CIMA in November 2010, was previously…
“The countdown begins for the opening of the flagship Anantara property in Sri Lanka” Hemas Holdings in partnership with Minor Hotel Group will be introducing the leading hospitality brand “Anantara” to Sri Lanka with a soft opening of its first luxury property, Anantara Peace Haven Tangalle Resort in December 2015 with the official launch in…
HVA Foods PLC, one of Sri Lanka’s fastest growing export companies, won the Gold Star award for the ‘Heladiv Gift Box’ at this years’ Lanka Star award ceremony that was held at the Kingsbury Hotel, Colombo recently. In today’s world where supermarkets and self-service is immensely popular, packaging has become one of the key elements…
Laugfs Terminal Limited, the subsidiary of Laugfs Gas PLC signed a historic agreement with China’s Huanqiu Terminals Limited for an over USD 80 million project at the Hambantota harbour, which is considered the first and largest such investment at the port. The initial investment is USD 51.8 million. According to its storage capacity, the Laugfs…
SriLankan Cargo will revolutionize air freight to Colombo from seven cities in the Middle East with the launch of its ‘A Dollar A Kilo!’ service this month. The new service has been especially designed to cater to the needs of Sri Lanka’s migrant workforce in the Middle East, who often send gifts, baggage and other…
Colombo bourse bounced back to greener territory on Tuesday, snapping the five day losing streak amid the higher institutional activity. Benchmark index swung between gains & losses and closed the session with optimistic momentum at 6,977.95, up by 0.17% (11.97 index points) while 20-scrip S&P SL index bagged 4.04 index points or 0.11% to end…
The share market is a gamble said United People’s Freedom Alliance Member of Parliament Bandula Gunawardena while speaking at a media briefing. Gunawardena said this while criticizing the National Pensions Gratuity Fund which would amalgamate the existing Employees Provident Fund (EPF) and the Employees Trust Fund (ETF) as proposed recently by Prime Minister Ranil Wickremesinghe…
On a spree to expand its base and boost the ever-increasing demand for high-end bicycles, world’s largest bicycle manufacturer Hero Cycles is set to acquire a Sri Lankan bicycle manufacturing company. Sources said all the formalities were almost complete and an official announcement would be made as soon as the chairman-cum-managing director (CMD) of Hero…
Amidst mounting expectations for a people friendly budget, the new government’s national budget for 2016 will come under focus at the annual budget seminar organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). The seminar will feature Minister of Finance Mr. Ravi Karunanayake, who will deliver the keynote speech highlighting the…
Sri Lankan Environmental Engineer and Scientist turned Engineer Athula Jayamanne founded leading Sewage and Waste Water Management Company – Eco Engineers & Company based in Sri Lanka recently won a Green Apple Environment Award in the international campaign to find the greenest companies, councils and communities. They competed against more than 500 other nominations in…
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