Almost all top posts at Lanka Hospitals Limited, the successor to the earlier Indian managed Apollo Hospitals at Elvitigala Mawatha in Narahenpita and coming under the purview of the Finance Ministry after the new government coming into power, has continued to see changes. In an unexpected turn off events Lakith Pieris who was the Chief…
The prominent Sri Lankan glass exporter, Chairman and Managing Director of Asoka Glass & Mirror Company Mahinda Jinasena has been appointed as Chairman of the Industrial Development Board of Sri Lanka. A Royalist and an engineer by profession, Jinasena has been appointed by Industries and Commerce Minister Rishard Bathiutheen. New IDB Chairman Mahinda Jinasena has…
Dr. Sarath Paranavithana has been appointed Chairman of Lanka Hospitals Limited, says Finance Minister Ravi Karunanayake. A 13 member Board of Directors including Chairman Dr. Paranavithana is being finalized and would be announced shortly, adds Minister Karunanayake. However, www.adaderanabiz.lk learns that Venerable Keeniyawala Palitha Thera and Dilani Lokuhetti are among the other 12 members in…
Ravi Wettasinghe was arrested by Immigration and Emigration officials this evening (20 February) at the Bandaranaike International Airport in connection with a pending case, said police spokesman SSP Ajith Rohana. Though what the pending case is not clear as yet, Ravi Wettasinghe, who was chairman of Wesco, the CTB’s Werahera central workshop after being privatized…
The Jaffna High Court this morning (20 February) allowed the Northern Power Co (Pvt) Ltd’s parent company MTD Walkers PLC’s Revision Application to restore the status quo on the illegal eviction of employees from the Chunnakkam Power Plant. Commenting on this court decision, MTD Walkers PLC Director/ CEO Lal Perera said, “This morning the Jaffna…
Colombo equities concluded the weekly activities on an optimistic note as investors reacted to positive corporate earnings and attractive dividends declared in high cap counters. Main index gained 8.74 points (+0.12%) to end at 7,314.91 while S&P SL 20 index gained 19.67 (+0.48%) to end at 4,133.01. Today’s gains were fuelled by counters such as…
SHARES in James Packer’s Crown casino group have soared by more than 7 per cent despite a slump in first-half net profit. Crown suffered a 47 per cent fall in profit for the six months to December after being hit by asset impairment charges and hefty costs from its abandoned Sri Lanka resort. The gaming…
Colombo bourse regained lost ground on Thursday where both indices witnessed positive returns amid higher foreign participation. All share index bagged 39.33 index points (+0.54%) to end at 7,306.17 while 20-scrip S&P SL index improved by 38.72 index points or 0.95% to close at 4,113.34. Price advances in Dialog Axiata (closed at LKR 12.30, +2.5%),…
IMF Managing Director Christine Lagarde and Mr. Ravi Karunanayake, Finance Minister of Sri Lanka, issued the following joint statement after their meeting in Washington: “We had a fruitful discussion about recent economic developments in Sri Lanka and the near-term outlook. These discussions will continue in the context of the next regularly scheduled Post-Program Monitoring mission…
The Chartered Institute of Marketing (CIM) recently concluded its first CEO Forum for the year 2015 titled “ Sri Lanka – Vision 15/20, Opportunities & Challenges” at the JAIC Hilton Colombo Residences, with more than 100 Marketers and CEO’s attending. The speaker at this forum was Dr. Harsha de Silva, Hon. Deputy Minister of Policy…
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