Lee Hedges Investments Ltd, a subsidiary of Lee Hedges PLC has entered into an agreement with Tudawe Brothers (Private) Limited to award it the contract of constructing the proposed multi-storied Mixed Development Project at No. 349, Galle Road, Colombo 3 at a contract cost of over Rs. 978 million. Below are the details of the…
Following a review of the management structure of the overall operations of Singer Asia Limited, Singer (Sri Lanka) BV which is the parent company of Regnis (Lanka) PLC, Singer Industries (Ceylon) PLC and Singer (Sri Lanka) PLC, has offered to sell its controlling interest in Regnis (Lanka) PLC and Singer Industries (Ceylon) PLC to Singer…
Colombo bourse swung between gains and losses on Thursday and close in positive territory amid the further decline in Treasury bills in yesterday’s auction. The benchmark All Share Price index advanced 20.61 points or 0.29% to end at 7,212.90 while S&P SL 20 index marginally gained 0.56 points (+0.01%) to end at 4,059.54. The gains…
The Emirates Group today announced its 27th consecutive year of profit and steady growth across the company, ending the year in a strong position despite the many global and operational challenges during this period. The financial year ending 31 March 2015 also marked the achievement of new capacity milestones at both Emirates and dnata, as…
MillenniumIT, the provider of ultra-low latency, flexible and scalable capital markets solutions, and part of London Stock Exchange Group, today announced that Bolsa de Valores de Lima (BVL), the Peruvian stock exchange, has gone live with the MillenniumIT technology solution. The BVL exchange has replaced its legacy trading technology infrastructure with the multi-asset trading platform…
The International Monetary Fund (IMF) has said China should continue to provide “greater flexibility” in its exchange rate policy as the country continues to see slower growth. The IMF said the mainland should reduce foreign exchange intervention. China’s currency is widely seen as undervalued and the country was accused for years of suppressing the yuan…
Ceylon Leather Products PLC says that it had received information of a fraud relating to off speck leather and scrap material sales at its Mattakkuliya Tannery during the financial period 2012 to 2014. Following this information, an inquiry had initiated an inquiry and appropriate action taken against those responsible. Furthermore, an independent firm of Chartered…
Call it as the after effects or whatsoever, one just cannot deny the fact that the after the arrest of Salman Khan, there had to be many repercussions which were simply waiting to happen. While on the emotional front, there were many hearts broken and bleeding, but, on the financial front, it was worse. The…
Colombo equities closed with negative returns on Wednesday, snapping the four day winning streak despite the continued drop in T-bill yields for the eight consecutive week. All share index swung between gains and losses where index declined to 7,181 mark (-0.3%) in the opening hours but managed to close at 7,192.29 with a loss of…
Astoria, a luxury condominium development that aims to set a new standard in the luxury living style of Colombo willsoon be at the heart of Sri Lanka’s business capital, offering residents a truly indulgent experience. AVIC – a Fortune Global 500 enterprise and the developer of Astoria announced its decision to sign on China State…
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