Radius Travel announced today that Hayleys Travels & Tours has joined the Radius network in Sri Lanka. Radius Travel is a global travel management company that designs and delivers programs for multinational companies through a network of best-in-market agencies. The Radius network operates across more than 80 countries and manages more than USD 23 billion…
The national LPG (liquid petroleum gas) company has exhibited a significant sales growth of above 30pct in the domestic market during the first 10 months of this year. This complements with the imposed price reductions by the government. The recent decision taken by the government to reduce the price of 12.5Kg domestic LP gas will…
Commercial Credit and Finance PLC’s issue of up to 20 million rated, guaranteed, subordinated, redeemable five-year Debentures at a par value of Rs. 100 each was oversubscribed soon after subscriptions were opened on Wednesday, the 3rd of December 2015. As a result the Company was able to raise up to the maximum amount of up…
South Asia Textile Industries Lanka is an ultra-modern manufacturing plant producing weft knitted fabric of exceptional quality and specialises in knitting, dyeing, finishing, printing, brushing, sueding and polar fleece fabric with an asset base exceeding US$ 34 million, generating an annual turnover of US$ 60 million, employing over 1,200 people. Currently, the company is on…
Haul of six awards including Golds for overall excellence, sector, integrated reporting, and sustainability reporting Diesel and Motor Engineering (DIMO) PLC swept the boards at the CA Sri Lanka Annual Report Awards 2015, winning the overall Gold Award for the best annual report in the competition, as well as Gold awards for Integrated Reporting, Sustainability…
The airport authorities in Chennai have received requests from national carrier Air India to operate flights Sunday after the AAI announced day-time operations of passenger flights from the airport, says ‘The Indian Express’. Schools and colleges in Chennai will remain shut tomorrow (Monday) due to heavy rains in the capital city. The Indian Meteorological Department,…
Vehicle Importers Association of Lanka President Indika Sampath Merinchige in an exclusive interview with Ada Derana Biz:
Following the announcement by the Indian aviation authorities that the aerodrome of the Chennai Airport will be closed for commercial operations till December 8, SriLankan Airlines has been compelled to cancel more flights. Accordingly the flights, UL 121, UL 122, UL 127, UL128, UL 123, UL 124 of December 6, UL 125, UL 126, UL…
SriLankan Airlines and Mihin Lanka have arranged a special flight to bring back a group of 120 pilgrims who were stranded in the Buddhist holy city of Bodh Gaya (Buddha Gaya) by the floods that have ravaged parts of India. The elderly pilgrims are being sheltered by the Prelate of the Buddhist vihara in Gaya….
Colombo Bourse recorded a 5-month low turnover on another lackluster trading session on Friday and concluded the weekly operations on a negative note. The dull trade pulled the index to a low of 6,856 during the morning session but with the support of gains in several blue-chips, the index managed to recover and close at…
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