A bevy of beautiful women added extra colour and glamour to Arpico Supercentres recently when the 15 finalists of the 2015 Miss Sri Lanka for Miss World pageant visited the Supercentres at Hyde Park Corner, Battaramulla and Dehiwela. Accompanied by the winners of the Miss Sri Lanka contests of 2012, 2013 and 2014, the women…
Generally what were talked about earlier are continued price hikes of the normal consumer goods in Sri Lanka or Inflation. However, the Government’s latest data indicates that what is witnessed in Sri Lanka currently is in fact a ‘Deflation’. Accordingly, during September this year, when compared to September of 2014, the consumer prices in Sri…
Following the new Government coming into power and its commitment to good-governance, US companies are showing greater keenness on investing in Sri Lanka, said US Ambassador to Sri Lanka Atul Keshap while speaking at the 23rd Annual Convention of the American Chamber of Commerce. He is thankful to President Maithripala Sirisena and Prime Minister Ranil…
The city of Wolfsburg in Lower Saxony is not merely the hometown of Volkswagen. Wolfsburg is Volkswagen, Germany’s answer to Detroit – but rather more prosperous. It was founded in the 1930s as a place to house workers building the KdF-Wagen – the car which became the VW Beetle after the Second World War. Even…
Selling pressure in blue-chip stocks dragged the Indices down on Wednesday and the ASI declined by 34.51 index points or -0.49% to end at a 11-week low of 7,050.87. S&P SL 20 index dropped 32.46 points (-0.84%) to end at 3,826.15. Main index lost 59.93 points or 0.8% during this week. Today’s losses were mainly…
Fitch Ratings has affirmed Sri Lanka Insurance Corporation Limited’s (SLIC) Insurer Financial Strength rating (IFS) at ‘BB-‘ with a Stable Outlook. The agency has also affirmed the National Insurer Financial Strength Rating and National Long-Term Rating at ‘AA(lka)’ with Stable Outlook. KEY RATING DRIVERS SLIC’s ratings reflect its well-established franchise and market position in Sri…
Colombo’s rapidly developing hospitality sector witnessed its latest advancement on 29 September when Renuka City Hotel relaunched after a complete refurbishment. Patrons can expect to find the same familiar charm that they’ve grown accustomed to over the years but set in a brand new ambience owing to a LKR 300 million revamp of the hotel’s…
South Asian countries, including Sri Lanka, can benefit from urbanization as a major opportunity to transform their economies and join the ranks of richer nations, according to a World Bank report titled ‘Leveraging Urbanization in South Asia: Managing Spatial Transformation for Prosperity and Livability’. Difficulty in dealing with the pressures that urban populations put on…
Olaf Lies, a Volkswagen board member and economy minister of Lower Saxony has told Newsnight some staff acted criminally over emission cheat tests. He said the people who allowed the deception to happen or who installed the software that allowed certain models to give false emissions readings must take personal responsibility. He also said the…
Colombo equities swung between gains and losses on Tuesday and ended the session on a mixed note. Main index managed to touch 7,099 mark but failed to retain the momentum and closed at 7,085.38, up by 6.74 index points or 0.10%. S&P SL20 index shed 10.94 index points or 0.28% to end at 3,858.61. Price…
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