~ Appoints New Director Board to AIA General Insurance Lanka Limited Janashakthi Insurance PLC., made a payment of Rs.3.2 billion to AIA Insurance Lanka PLC., to seal off its acquisition of AIA General Insurance Lanka Limited on 23rd October, 2015. With the financial aspects of the transaction now complete, Janashakthi will commence amalgamation of AIA…
Colombo stock market closed the weekly operations on optimistic note on Friday where investor sentiments continued to remain positive in anticipation of favorable corporate earnings. Benchmark index advanced by 0.18% or 12.64 index points to close at 7,081.49 while S&P SL20 index gained 6.48 index points (+0.17%) to end at 3,825.55. Index performance was driven…
Aston Martin is today showcasing a fully electric concept of its Rapide S four-door sports saloon outside Lancaster House in London – the venue for a meeting between Their Royal Highnesses Prince William, Duke of Cambridge; Catherine, Duchess of Cambridge and President of The People’s Republic of China, Xi Jinping. The new RapidE concept has…
Air China said it will start a Beijing-Colombo service on October 27, 2015. The service will give passengers easy access to the island gem in the Indian Ocean. Colombo is Sri Lanka´s capital and political, economic, cultural and transportation center. Currently, China has become Sri Lanka´s second largest trading partner and source of imports as…
Fitch Ratings has affirmed the National Long Term Ratings on five small and mid-sized Sri Lankan banks. Nations Trust Bank PLC (NTB) has been affirmed at ‘A(lka)’, Pan Asia Banking Corporation PLC (PABC) at ‘BBB(lka)’, Sanasa Development Bank PLC (Sanasa) at ‘BB+(lka)’, Union Bank of Colombo PLC’s (UB) at ‘BB+(lka)’ and Amana Bank PLC (Amana)…
It’s kind of rough to go to the movies and hear how you “kidney punched” Steve Jobs. Daniel Kottke, a college friend of Jobs’ and one of Apple’s first employees, says it was basically an accident that he revealed one of Jobs’ biggest secrets to the world: the fact that Jobs had a daughter, Lisa….
Prime Minister Ranil Wickremesinghe in his capacity as the Minister of National Policies and Economic Affairs has proposed the introduction of a National Consumer Price Index (NCPI) to replace the ‘Colombo Consumer Price Index’ and to consider its base year as 2013 and from 21 November 2015 to declare the proposed NCPI on the 21st…
Prime Minister Ranil Wickremesinghe in his capacity as the Minister of National Policies and Economic Affairs is to enter into the relevant agreements for obtaining the funds of US$ 200 million from the Asian Development Bank (ADB) for the implementation of the Integrated Road Investment Programme Phase III. This ADB assisted programme is implemented to…
Colombo bourse advanced for the third consecutive session on Thursday driven by retail activity. All share index touched 7,083 mark in the opening hours but failed to retain the optimistic momentum. Nevertheless, benchmark index bagged 13.18 index points or 0.19% to end at 7,068.85 while S&P SL20 index gained 10.24 index points (+0.27%) to close…
Embark, the fashion brand with a unique cause,has opened its third independent store in Kandy, a city with which it has built a strong affinity. Located at No 30 on the third floor of the Kandy City Centre (KCC) mall, the Embark store is a more compact version of the standalone Embark store in the…
Video Story
