Colombo equities marginally advanced on Thursday amid notable foreign inflow. Core index managed to increase by 5.23 index points or 0.07% to end at 7,530.33 while 20-scrip S&P SL index bagged 2.12 index points (+0.05%) to close at 4,190.23. Price inclines in counters such as Nestle Lanka (closed at LKR 2,235.00, +4.8%), John Keells Holdings…
As celebrity endorsements go, it’s a perfect fit. The late Jamaican reggae icon Bob Marley is poised to become the face of the world’s first global marijuana brand. “Marley Natural” will be available in 2015 in areas where cannabis is legal. That means Marley-branded pot, as well as hemp-infused lotions and creams, could be sold…
Bringing global packaging honour to Sri Lanka, the World Packaging Confab kicked off in Colombo for the second time on 20 November-.and not only packaging related exports, even FMCG packaging sales are on the rise. “The upward trend in per capita consumption and the average packaging cost of FMCGs reporting a 10-15% sales growth shows…
With the vision to be at the forefront of infrastructure development in Sri Lanka, MTD Walkers PLC, a leading company for construction, manufacturing and engineering in Sri Lanka, recorded an impressive growth for the 2nd quarter of FY 2014/2015. Compared with its performance in the previous financial year, the turnover for the 2nd quarter ended…
In a new development in the on-going Indo-Lanka trade dialogue, an independent survey team has arrived in Colombo to map barriers to FTA trade, as revealed on 19 November-and the first round of this ground-breaking bilateral study would conclude in early 2015. “After the FTA was entered into, bilateral trade improved tremendously. I welcome your…
Colombo bourse slipped on Wednesday snapping a six day winning streak amid prospective announcement of presidential election. Core index slipped by 23.13 index points (-0.31%) to end at 7,525.10 while S&P SL20 index declined by 16.06 index points (-0.38%) to close at 4,188.81. Price depreciations in stocks such as Carson Cumberbatch (closed at LKR 460.00,…
Attention has been focused on 03 or 07 January 2015 as the date for an upcoming Presidential election, Adaderanabiz.lk has learned from reliable sources. Though the government prefers 03 January for a Presidential poll the Elections Secretariat prefers 10 January 2015. However, it has been revealed that there would not be any likelihood for a…
Ada Derana ‘Biz 24X7’ interview with the CEO of TKS Finance, Rasika Kaluarachchi, regarding the opinion of financial institutions on financial consolidation of Sri Lanka Central Bank.
The Chinese People’s Liberation Army Navy is about to build 18 naval bases in various regions, in the next 10 years, including Pakistan, Sri Lanka and Mynanmar in the Northern, Western and Central South Indian Oceans, the Namibian reported. The naval bases are: Chongjin Port (North Korea), Moresby Port (Papua New Guinea), Sihanoukville Port (Cambodia),…
Ansell, a global leader in protection solutions, today announced the acquisition of Hands International, a privately held company, located just outside of Colombo. This acquisition is another step to integrate backwards and build the Company’s knitting and cut and sew manufacturing capabilities. Hands International is a manufacturer and supplier of personal protective equipment (PPE), with…
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