Sri Lankan hotel group Jetwing has unveiled plans for as series of new and expanded properties to launch in the coming months. In September 2015, the company will launch two new properties, including the 55-room Jetwing Yarl in the northern city of Jaffna, and the 25-room Jetwing Kaduruketha, in the south-central town of Wellawaya. The…
Latest data reveal that SriLankan Airlines has incurred a massive loss during the first four months of 2015. With this, the overall loss by SriLankan Airlines has grown to Rs. 130.9 billion. While the revenue of SriLankan Airlines has been Rs. 39.6 billion during the first four months of this year, overall expenditure has been…
Nawaloka Hospitals had the ground breaking ceremony for the 14 floor multi-storey car park and specialist center adjacent to the existing hospital complex recently. With an investment of Rs. 2.5 billion, this fifth phase of expansion of capacity since the hospital’s inception, will add 450,000 square feet of floor area with state-of-the-art medical facilities for…
Dreary sentiment continued to dominate the stock market as the bourse started the new month with another lackluster trading session. Benchmark All Share Price index dropped below 7,000-mark after 11-weeks to end at 6,982.80 with a loss of 38.00 index points or 0.54%. S&P SL 20 index lost 14.15 points (-0.36%) to drop below 3,900-mark…
Emirates, a global connector of people, places and aspirations, is supporting students travelling for higher education from Sri Lanka to the USA, Europe or Australia, with an extra baggage allowance on outbound travel till end November. Available for travel booked online on www.emirates.com/lk this exclusive extra baggage allowance allows students travelling to USA one additional…
* On the way to becoming one of the largest mills in South Asia Just weeks after being crowned overall victor and ‘International Textile Firm of the Year’ at the World Textile Awards in London, Textured Jersey Lanka PLC is on another mission to excel. The Company just announced their intent to acquire Ocean India…
The Colombo Stock Exchange (CSE) has embarked on paperless meetings using iPad enabled BoardPAC technology supplied by IronOne Technologies (Private) Limited. BoardPAC is a leading iPad enabled Board meeting automation solution and is the principal platform for paperless governance in more than 15 countries regionally including Malaysia, South Africa, Singapore, Bangladesh and Indonesia. BoardPAC is…
Chamath Palihapitiya isn’t exactly a household name outside of Silicon Valley. But within the high-tech community, he’s known as a sharp investor and executive who made it big when Facebook went public. His venture capital firm, the Social+Capital Partnership (or Social Capital), has invested in fast-growth startups like Slack, Sprig, and Wealthfront. He became the…
In a statement issued, the Securities & Exchange Commission of Sri Lanka says that with effect from the 01 July 2015, Lanka Rating Agency Limited (LRA) is not entitled in law to carry on business as a Credit Rating Agency nor review ratings; i.e. LRA is not entitled to carry on the business of assessing…
Access Engineering PLC has invested in 100 per cent and 50 per cent of ordinary shares of Horizon Holdings Ventures (Pvt) Ltd and Horizon Holdings (Pvt) Ltd for a consideration of Rs. 273.6 million and Rs. 250 million respectively. Incorporated in June 2015 and March 2014, Horizon Holdings Ventures (Pvt) Ltd and Horizon Holdings (Pvt)…
Video Story
