After successfully leading Serendib Flour Mills for 15 years, the company’s former CEO Sathak Abdul Kadar has been appointed as Serendib Flour Mills’ new Chairman with effect from 1st of May 2015. With decades of experience behind him, Sathak will now play an advisory role at the company, handling legal affairs and building government and…
Due to favourable weather conditions Sri Lanka’s tea production has seen an increase of 17.5 per cent in March this year when compared to March 2014, says the Sri Lanka Tea Board. Sri Lanka’s tea production during the first quarter of 2015 has risen by 07 per cent when compared to the same period in…
After charming Bollywood with her beauty and talent, the gorgeous Jacqueline Fernandez is all set to leave her mark in the Sri Lankan industry as well. The pretty lady is to make her Sri Lankan debut in ‘According To Matthew’ where she plays the mistress of a murderous pastor. The film, directed by Chandran Rutnam…
Colombo bourse edged up on Tuesday ahead of the parliamentary decision on the 19th Amendment to the constitution. All Shares Price Index gained 9.30 points or 0.13% to end at 7,134.43 while 20-script S&P SL index marginally gained by 5.47 points (+0.14%) to end at 4,026.26. Price appreciation in counters such as Distilleries (closed at…
The Chairman of the Colombo Stock Exchange (CSE) was unanimously elected as the Chairman of the South Asian Federation of Exchanges (SAFE) at the Annual General Meeting of SAFE concluded on April 26th, 2015. Accordingly, the CSE Chairman Mr. Vajira Kulatilaka succeeds Dr. Muhammad Abdul Mazid as the Chairman of SAFE for a two year…
Emirates is further enhancing the entertainment experience for Economy Class travellers with the launch of new, redesigned headsets for its award-winning ice entertainment system in Economy Class. From the end of June, all Emirates A380 aircraft will be equipped with new headsets, with plans to roll out the headsets on the Boeing 777 fleet later…
Colombo equities started the weekly activities on Monday with negative returns amid political uncertainties affecting investor sentiment. The benchmark All Share Price index declined marginally by 4.66 points or 0.07% to end at 7,125.12 while S&P SL 20 index marginally lost 2.47 points (-0.06%) to end at 4,020.79. The losses were driven by price depreciations…
The South Asian Investment Conference (SAIC) organised by the Colombo Stock Exchange (CSE) in association with the South Asian Federation of Exchanges (SAFE), took place today (27th April) at the Galadari Hotel, Colombo. The Minister of Finance Ravi Karunanayake, the Deputy Minister of Policy Planning, Economic Affairs, Child, Youth and Cultural Affairs Dr. Harsha De…
With the Lankan Angel Network having already raised US$ 5 million in funding for 20 startups across a number of industries vital to Sri Lanka’s future, there was no better time for the recent launch of the new Lankan Angel Network Incubation Centre for startups. Providing much-needed support services for fledgling ventures, while also being…
Dr. Ali Asger Shabbir Gulamhusein and Ajita Mahesh Pasqual have been appointed Executive Directors of PCH Hildings PLC while Dinesh P. Renganathan has been appointed an Independent Non Executive Director with immediate effect. Meanwgile, Dr. Lawrence Fritsgerald Adams has resigned as Chairman also with immediate effect but would remain as an Executive Director while Ajita…
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