Through the budget proposals for 2016, Finance Minister Ravi Karunanayake had proposed the merger of Sri Lanka’s stock broking companies. He pointed out that share brokers face considerable difficulties due to the instability of the stock market and that they themselves need to stabilize themselves to ensure the long term development of the capital market….
Hayleys PLC Co-Chairman (Non Executive) Dhammika Perera has purchased over 50 per cent of shares of Hayleys PLC. He has purchased 210,809 shares on 16 November and another 117,052 shares on 18 November thus increasing his shares in the company to 50.15 per cent. Earlier he owned only 49.71 per cent shares of Hayleys PLC,…
Global platform explores how female innovation is driving business Men traditionally rule the business world. Particularly, when it comes to technology. However, an increasing number of women entrepreneurs are driving business innovation in the emerging markets, including Sri Lanka. While there are still gender challenges, women in the emerging markets are overcoming obstacles to break…
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) conferred the distinguished FCA designation to 140 chartered accountants, elevating them to the highest stratum in their professional careers at a special FCA convocation held at CA Sri Lanka on 27th November 2015. The new fellow members of CA Sri Lanka included high profile…
Colombo Benchmark index extended the losing streak for the fourth consecutive day, recording the highest intra-day drop since September and closed at nearly eight month low of 6,909.15, down by 0.75% or 52.26 index points. 20-scrip S&P SL index shed 46.35 index points or 1.25% to close at 3,657.69. Premier blue-chip, John Keells Holdings (closed…
ODEL fashion retail chain pioneer and Director of Embark Otara Del Gunawardene says that she is dissatisfied with the way zoos are maintained in Sri Lanka. This is a video interview that Ada Derana Biz 24X7 had with her:
In a breakthrough move in the life insurance sector, Janashakthi Insurance has extended life cover to those diagnosed with HIV. This is a unique new policy that will change the lives of many people and give them peace of mind. Over 3300 people were living with HIV by the end of 2014, according to estimated…
Anantara Hotels, Resorts & Spas has named Tamir Kobrin as the opening general manager of Anantara Peace Haven Tangalle Resort in Sri Lanka. With over 20 years of hospitality experience in resorts and hotels in the United States, Caribbean, Europe, the Middle East and Southeast Asia, Kobrin is leading the team at Anantara’s first resort…
Making remarkable progress of Venora International Projects (Pvt) Ltd., awarded with the Global award FOR QUALITY & BUSINESS PRESTIGE On 23rd November – 2015 in Geneva – Switzerland. Which was organized by The OMAC (Association of Other Ways Management and Consulting). OMAC is a Member of the American Management Association and Member of the American…
This is with reference to the publicity given in some of the print and digital media with regard to an acquisition contemplated by Mobitel (Pvt) Ltd. In this regard, Mobitel denies the assumptions and opinions made on the subject that Mobitel is intending a payment which is over and above the value of the target…
Video Story
