The Sri Lanka Business and Biodiversity Platform (SLBBP) of the Ceylon Chamber of Commerce signed an agreement with Dilmah Conservation for enhancing the scenic and biodiversity value of Ceylon Tea Trails – a chain of luxury bungalow resorts; Castlereigh, Summerville and Norwood – developed under the leisure arm of Dilmah. The Castlereigh reservoir is considered…
The present government is in possession of all relevant documents exchanged by the former government to obtain loans from China at interest rates as high as 6.3 per cent for the construction of the Hambantota harbour even when there were opportunities to obtain loans at interest rates as low as 1.4 per cent. This is…
Emirates has announced the promotion of Ahmed Shaffaq of Malé as the airline’s Aircraft Engineer in the Maldives. Mr Shaffaq, 30, who joined the Dubai-based international airline as Senior Aircraft Mechanic in 2007, is the first Maldivian to be employed by Emirates in the Maldives as Aircraft Engineer. On completion of his secondary and high…
Cold Stone Creamery® is excited to announce its entry into India and Sri Lanka. Kahala Brands™, the parent company of the Cold Stone Creamery brand (www.ColdStoneCreamery.com), has joined forces with Tablez Food Company, part of Lulu Group International, LLC, to bring the Ultimate Ice Cream Experience® to the ice cream lovers of India and Sri…
The Chinese sharemarket has been described as a casino in recent weeks after a 30 per cent fall had investors, regulators and economists around the world scrambling. There are concerns that the fallout from the crash will spill over into the Chinese economy, crimping discretionary spending as investors reel from their losses. Logic says this…
Fitch Ratings Lanka Ltd has downgraded Siyapath Finance PLC’s National Long-term Rating to ‘A-(lka)’ from ‘A(lka)’.The outlook is stable. The credit rating agency has also downgraded Siyapath Finance PLC’s outstanding senior unsecured debentures to National Long-term Rating ‘A-(lka)’ and outstanding subordinated debentures ‘BBB+(lka)’ from ‘A-(lka)’. This is following the downgrading of the parent company Sampath…
Bourse expanded the optimistic momentum for the fourth consecutive day in a thin trading session, amid slight direction in politics after the conclusion of nominations for the mid-August general election. Main index gained 24.22 index points or 0.35% to close at 7,027.00 while S&P SL20 index bagged 3.84 index points (+0.10%) to end at 3,920.28….
The government’s attention has been drawn towards launching an internal aviation service while utilising the local airports and airstrips for tourists to easily travel to various locations. A high-ranking government official in the tourism trade said several aircraft would have to be purchased in the near future for this purpose. He also added that attention…
The Monetary Board has directed People’s Merchant Finance PLC through a letter dated 04 June 2015 to remove Govindasamy Ramanan from Director and Chief Executive Officer of the company with effect from 04 June 2015.
Disrupt Unlimited, the Brandix-led start-up seed accelerator, has entered into a strategic tie-up with Regus, the world’s largest provider of flexible workspace solutions, to offer collaborative workspace to business start-ups incubated by the former. Regus has undertaken to provide flexible office space solutions for start-up companies that are born out of the efforts of Disrupt…
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