Colombo bourse wrapped the weekly operations on Friday with mixed results amid the new government’s decision to suspend country’s largest foreign direct investment project, the Colombo Port City. Index moved sideways during the session where main index reached to intra-day high of 7,205.73 but closed lower. Main index shed 18.70 index points or 0.26% to…
The year 2014 saw a remarkable growth of 36 per cent in Sri Lanka’s exports to the United Kingdom, confirming the UK as Sri Lanka’s top export destination in Europe, points out British High Commissioner in Sri Lanka John Rankin while welcoming this growth and noted that there are continuing strong opportunities for British companies…
‘The government huge potential for a full-fledged Free Trade Agreement,’ says Central Bank Governor Signalling potentially closer economic ties with India, Sri Lanka has invited several top Indian companies to invest in major projects in the island nation, particularly for collaborations in the manufacturing sector. “We hope that these will be announced when the honourable…
Lanka Hospitals Corporation PLC has informed the Colombo Stock Exchange that it has appointed two more members to its Board of Directors already announced last Wednesday effective 03 March 2015. Accordingly, Professor Serosha Mandika Wijeratne has been appointed as a Non-Independent Executive Director and Dr. Harsha Hemal Gunasekera as an Executive Non-Independent Director effective 03…
Data from a latest survey reveals that the profit earnings of listed companies in Sri Lanka have slowed during the fourth quarter of 2014. According to this survey report released by Capital Alliance Securities (Private) Ltd., when compared to the fourth quarter of 2013, the total earnings of the Colombo Stock Exchange (CSE) during the…
Automaker Toyota has promoted American Julie Hamp, the current head of communications for North America, to managing officer. She’ll be the highest ranking woman in Toyota’s 77-year history, according to Bloomberg. The move is part of a broader push for diversity among Toyota’s executive ranks as part of a restructuring. The company’s leadership culture has…
Lanka Hospitals Corporation PLC named its new Board of Directors today (04 March) effective 03 March 2015. Dr. Sarath Paranavitane is an independent non-executive Director and the Chairman while Damien Fernando, Prof. Dilani Lokuhetty and Dr. Rohan L. Wijesunderea are an independent non-executive Directors. Dr. Sarath Paranavitane is a Specialist in Family Medicine and practicing…
The former Chairman of the national line Ceylon Shipping Corporation Ltd. (CSCL), Kanchana Ratwatte, and three other state officials have been arrested for criminal breach of trust with regard to coal shipments worth Rs 528 million. Kanchana Ratwatta, M.C. Delgoda (Power and Energy Ministry), R.M.K. Ranatunga (Treasury) and R.S. Jayawickrama (Ports Authority) were arrested by…
Stocks fell for the third straight day amid concerns over rising interest rates. ASI closed three week low of 7,202.20 with a drop of 32.72 points (-0.45%) while S&P SL 20 index lost 15.45 (-0.38%) points to close at 4,092.84. Moreover Dialog Axiata (closed at LKR 11.50, -0.9%) and Sri Lanka Telecom (closed at LKR…
Regus Sri Lanka, the local arm of the world’s largest provider of flexible workspace, has revealed details of a recent global study conducted by Regus on “The realities of remote working”. The in-depth study has helped identify a global shift towards remote working and how it is increasing productivity in companies worldwide. During the study,…
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