Emirates SkyCargo, the freight division of Emirates, is set to increase its cargo capacity to Iran, when Emirates begins its five daily non-stop flights to Mashhad from1 September 2015. Mashhad will become Emirates’ second Iranian destination after the capital city Tehran, which Emirates has been serving since March 1990. Last year, Emirates carried more than…
CHC Investments (Private) Limited has purchased 310,828,346 Voting Ordinary Shares of Taprobane Holdings PLC today (24 August) at Rs. 5.50 per share. This amounts to 30.99 per cent of the issued share capital of Taprobane Holdings PLC.
President Maithripala Sirisena offered the position of High Commissioner of Sri Lanka to the United Kingdom to Sri Lanka’s cricketing legend Kumar Sangakkara a short while ago. The President made this offer while speaking at the farewell ceremony held at the end of the second test match for the cricketing legend.
In a press statement, the Chamber of Young Lankan Entrepreneurs (COYLE) extends their sincere congratulations to the Honourable Prime Minister Ranil Wickremesinghe and the new coalition government led by the United National Party. In a congratulatory message, Navein Perera, Chairman of COYLE said, “On behalf of the membership of COYLE, I extend my warmest congratulations…
The Ceylon Chamber of Commerce led ‘ Best Corporate Citizen Sustainability Award 2015’ an annual event which is being conducted to recognise the best ‘sustainability’ initiatives of the corporate sector has decided to recognise more economic ‘sectors’. Accordingly, ‘The BCCS 2015’ in addition to the already existing sectors, will also recognise the sustainability efforts carried…
Sri Lanka is moving past its history of ethnic strife and seeking to emulate Singapore, Hong Kong and Dubai as one of the region’s premier trading and financial hubs, a senior ruling party lawmaker said. “Our focus entirely is going to be on creating the most competitive economy in this part of the world,” Harsha…
Colombo equities concluded weekly operations with positive returns on Friday on hopes of a stable national government. Mr. Ranil Wickremesinghe sworn in as the Prime Minister of the country today and the two major political parties signed MoU to work together for next two years. Benchmark index grabbed 26.25 index points or 0.35% to end…
Adani Ports and Special Economic Zone on Monday signed a concession agreement to develop the much-publicized Vizhinjam International Container Transshipment Terminal, allowing India’s largest private port developer to begin construction on the green-field project November 1. The first phase of the project will include a total berth length of 2,625 feet and a 53-hectare (131…
Volatility returned to Colombo bourse as the market lost steam amid on-going discussions among the two major political parties to form a national government. Sri Lanka Freedom Party today decided to support ruling United National Party to build a stable government for a 2 year period. Bench Mark All Share Price index lost 48.96 points…
by Daniel Ten Kate and Anusha Ondaatjie Most central bankers would relish an office with an unobstructed view of the Indian Ocean’s sparkling waters. Sri Lanka Governor Arjuna Mahendran finds it dull. He would rather see skyscrapers dotting the horizon as cargo vessels deposit containers into Colombo’s ports. Right now, piles of sand and stones…
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