Sri Lanka’s top-most accreditation body has garnered applications from eager firms in China, Indonesia and Saudi Arabia-and Lankan forest accreditations too are coming, as revealed on 09 June. “SLAB has successfully accredited firms from China, India and Saudi Arabia, bringing international recognition to Sri Lanka. They will start accrediting Lankan vehicle emission testing operators from…
Colombo bourse ended modestly lower on Wednesday as investors practice the wait and watch approach amid the unsettled political situation and profit taking. There was a little sideway force in the market as the market opened with positive returns but closed in the negative zone. All share price index marginally declined to 7,063.45 with a…
Facebook has scrapped its previously unknown plans to build a satellite, according to a report by Amir Efrati in The Information. The satellite, had it been built, could have cost an estimated $500 million. The plan was to use it to help provide cheap internet access in the developing world. But this pricetag was apparently…
Four new high performance tyres with sophisticated features and attention grabbing good looks have been launched in Sri Lanka by Asian Tyres (Pvt) Ltd., the new motorcycle tyre plant commissioned recently by CEAT Kelani Holdings. Branded Gripp, the four tyre sizes fit nearly 30 models of motorcycles from popular brands on Sri Lanka’s roads, significantly…
The Commercial Bank of Ceylon opened its representative office in Yangon on Monday, 8th June, formally launching its operations in Myanmar, initially to offer Advisory Services to Sri Lankan and Bangladeshi businesses wishing to enter that country, and to arrange Banking and Advisory facilities, funds transfer and encashment services. Commercial Bankis the first Sri Lankan…
Colombo bourse closed with negative returns for the second consecutive session amid the political uncertainties. Main index swung between gains and losses where index crossed 7,090 mark in the opening hours but failed to maintain the optimistic momentum. All Share index shed 11.55 index points (-0.16%) to end at LKR 7,067.11 while 20-scrip S&P SL20…
Emirates, a global connector of people and places, and SNCF, France’s national railway company, have announced a new codeshare partnership which will allow Emirates passengers from around the world to travel to 19 new destinations in France. With just one easy-to-book ticket, travellers will be able to fly on Emirates and reach some of France’s…
Colombo equities swung between gains and losses in another choppy session on Monday and ended on negative note amid price declines in high cap counters. The market moved to the green territory in the morning, recording a gain of 12.51 index points but lost the momentum in the evening session. All share price index shed…
The Colombo Stock Exchange has approved in principle the listing of the debt securities of the National Development Bank PLC. An initial issue of 75 million Rated, Unsecured, Subordinated and Redeemable Debentures with an option to issue up to a further 25 million debentures in the event of an oversubscription is to be offered by…
The newly arrived Pakistani High Commissioner in Sri Lanka, Maj Gen (R)Syed Shakeel Hussain stressed the importance of Sri Lanka and Pakistan working together towards resolving impending trade issues between the two nations, immediately. The High Commissioner stressed this point, while expressing his deep concern over the slide in trade between Sri Lanka and Pakistan…
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