The Travel & Leisure Industry and the Event Production business saw the birth of a new phenomenon, when Classic Travel partnered with Showbiz veteran Imran Saibo of Funtime, to launch Classic Funtime. The brainchild of Saif Yusoof, Managing Director of Classic Travel, who recognized the opportunity of combining the two power houses will now offer…
First National Centre for Children with Disabilities to be constructed at the Faculty of Medicine of the University of Kelaniya in Ragama 19th September 2016, Colombo: In an effort to improve the quality of life and independence of children with disabilities, special needs and learning disabilities, Hemas Holdings PLC together with the Kelaniya Faculty of…
One of the leading world milk industrialists New Zealand says that it will extend its full assistance to develop the milk production sector in Sri Lanka. New Zealand High Commissioner to Sri Lanka Grahame Morton says that his country expects to provide Sri Lanka new technology, industry expertise and certain grants to enable the island…
Reuters – Sri Lankan shares fell for a fourth straight session on Tuesday, led by large caps, as selling pressure on stocks expected to take a hit from a proposed tax increase weighed on sentiment. The benchmark Colombo stock index ended 0.32 percent weaker at 6,429.94, its lowest close since Aug. 1. It fell 0.34…
Reuters – Sri Lankan shares fell for a third straight session on Monday to post their lowest closing level in seven weeks, led by Distilleries Company of Sri Lanka due to selling by foreign investors ahead of a change in company ownership. The benchmark Colombo stock index ended 0.34 percent weaker at 6,450.44, its lowest…
Maersk Line, the global containerized division of the Maersk Group will create history of sorts with the one of the world’s largest ships – The Triple – E liner calling on Colombo on September 23rd. Introduced in 2014, this ship is designed and built using state-of-the-art technology, which embraces innovation. At 400 meters in length,…
A delegation from China Council for the Promotion of International Trade, Shanghai Sub Council (CCPIT) visited the Ceylon Chamber of Commerce, recently. The delegation, which was led by Mr. Li Zhigang, Vice Chairman of the CCPIT, Shanghai Sub Council emphasized the creation of a channel of communication between Shanghai and Sri Lanka to enhance business…
Two of Sri Lanka’s leading accounting professional bodies, CIMA (Chartered Institute of Management Accountants) and CA Sri Lanka (Institute of Chartered Accountants of Sri Lanka) signed a Memorandum of Agreement today to promote CIMA amongst Chartered Accountants and students. As part of this agreement, CA members who have 5 years of professional experience (as long…
Recognized as one of Sri Lanka’s fast growing and most respected business groups, Sunshine Holdings has once again retained the HRM advisory services of MTI Consulting. With strong market positions in its 3 core focus areas of agribusiness, healthcare and FMCG, the Group has in recent time been recognized for its best practices in Strategic…
BERLIN (Reuters) – Volkswagen’s Audi head of development will be suspended this coming week as part of the investigation into an emissions scandal, Bild am Sonntag reported citing sources. Investigations by Jones Day have shown that Stefan Knirsch, an Audi board member, knew about the use of cheat software in 3.0 liter diesel engines and…
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