Ceylon Leather Products PLC says that it had received information of a fraud relating to off speck leather and scrap material sales at its Mattakkuliya Tannery during the financial period 2012 to 2014. Following this information, an inquiry had initiated an inquiry and appropriate action taken against those responsible. Furthermore, an independent firm of Chartered…
Call it as the after effects or whatsoever, one just cannot deny the fact that the after the arrest of Salman Khan, there had to be many repercussions which were simply waiting to happen. While on the emotional front, there were many hearts broken and bleeding, but, on the financial front, it was worse. The…
Colombo equities closed with negative returns on Wednesday, snapping the four day winning streak despite the continued drop in T-bill yields for the eight consecutive week. All share index swung between gains and losses where index declined to 7,181 mark (-0.3%) in the opening hours but managed to close at 7,192.29 with a loss of…
Astoria, a luxury condominium development that aims to set a new standard in the luxury living style of Colombo willsoon be at the heart of Sri Lanka’s business capital, offering residents a truly indulgent experience. AVIC – a Fortune Global 500 enterprise and the developer of Astoria announced its decision to sign on China State…
Though the government is upbeat on its revenue earnings, Sri Lanka would find it very difficult to bridge the deficit in the 2015 budget, the International Monetary Fund (IMF) has warned Sri Lanka. The IMF has stated that once the government charges the one-off tax introduced through the 2015 budget, there are possibilities of the…
The ninth Indian Trade Fair will open at 10 am tomorrow (Thursday 07 May 2015) at the Sri Lanka Exhibition and Convention Centre in Colombo under the distinguished patronage of the Acting High Commissioner for India in Sri Lanka Arindam Bagchi and Deputy Minister of Industry and Commerce Champika Premadasa. Organised by MP Events Lanka…
The most celebrated event in the world next to the Olympic Games that happens every five years since the inception in 1931, was launched amidst a distinctive world gathering by the Italian Prime Minister Matteo Renzi on the 1st of May at the open air stage at World Expo site in Milano Italy.This year’s event…
Colombo bourse continued the positive momentum for the fourth consecutive session on Monday to start the weekly activities in green territory. The benchmark All Share Price index crossed the 7,200 mark to end at 7,202.11 with a gain of 23.11 points or 0.32%. S&P SL 20 index gained 10.71 points (+0.26%) to close at 4,064.16…
“Privilege to be listed on CSE” – CTC says Ceylon Tobacco Company PLC (CTC) opened trading on the Colombo Stock Exchange (CSE) today. This event was yet another in a series of Market Opening Ceremonies, featuring the companies from the S&P SL20 index. Managing Director and Chief Executive Officer Mr. Felicio Ferraz, Finance Director Mr….
According to a reliable source within the company, Huawei is set to launch two new-mid range smartphone in Sri Lanka. The devices are believed to be targeted at the highly competitive mid-range smartphone market in the country. According to company sources the devices were tested in early February and the first shipment was made in…
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