Residents of certain sections of Battaramulla, within the new capital of Sri Lanka, Sri Jayewardenepura Kotte, have not received their postal mail for the past one week or more. The mainly affected area is roads and by-roads adjoining Subuthipura where the main post office is located and Udumulla, Kottegewatte Road etc. Residents who have checked…
Colombo stock market started the budget week on negative note where benchmark index slide back to 6,900 mark amid the concerns on budget proposals and mixed interim results. All share index closed the session on 18 week low of 6,965.98, down by 35.83 index points (-0.51%) while 20-scrip S&P SL index shed 27.74 index points…
Only Sri Lankan Company to be awarded at this year’s edition of region’s premier insurance industry awards ceremony Emphatically reiterating its status as Sri Lanka’s most innovative insurer as well as a regional leader in innovation in the insurance industry, Asian Alliance Insurance PLC clinched the prestigious ‘Innovation of the year’ award at the 2015…
The deadline for the settling of the Casino Tax imposed by the Yahapalana Government’s first budget was yesterday (15 November, 2015). All casinos in business since 29 January 2015 are liable for this tax with each casino paying Rs. 01 billion as a once-off tax.
The recent series of terror attacks in Paris has been major setback to the world economy, point out analysts. The major risk is for Europe’s tourism sector. Following the Paris attacks, military intelligence has revealed that several other countries within Europe have been targeted for such attacks by terrorists. Hence, tourists are reportedly fast losing…
Reuters – Global stocks are set for a short-term sell-off on Monday after Islamist militants launched coordinated attacks across Paris that killed 129 people, but analysts said a prolonged economic impact or market reaction was unlikely. President Francois Hollande has declared a state of emergency, ordering police and troops into the streets, and set three…
The Citrus Leisure Group announced a revenue of Rs. 392 million for the six months ended September 2015, a 133% growth compared to the corresponding period last year. The group’s first property Citrus Hikkaduwa contributed Rs. 105 million while the Group’s flagship property Citrus Waskaduwa, which was opened last year, contributed Rs. 247 million. The…
Sri Lanka Telecom, the national telecom services provider released its company and group financial performance, for the 3rd quarter 2015. The group comprises of Sri Lanka Telecom and its eight subsidiaries including mobile arm Mobitel (Pvt) Ltd., (Mobitel). The group reported Rs. 50.8 bn revenue during the nine months ending in September 2015 with 6%…
Colombo bourse closed on the negative territory for the fourth-straight session ending the week on a lackluster note. Benchmark index advanced to 7,014 in the opening hours but failed retain the momentum and ended at 7,001.81, down by 4.54 index points or 0.06%. S&P SL20 index advanced by 0.10% or 3.66 index points to close…
The issue by Access Engineering PLC of 30 million rated, senior, unsecured, redeemable debentures at Rs. 100/- each with the option to issue up to a further 20 million debentures in the event of an oversubscription closes at 4.30 pm today (13 November) after having received applications for over Rupees four billion and four hundred…
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