Colombo shares concluded in positive territory on Friday as core index notably advanced by 57.69 points or 0.78% to close at 7,416.15 while 20-script S&P SL 20 index gained 26.19 points or 0.64% to close at 4,128.30. The gains were mainly driven by price appreciations in counters such as Ceylon Tobacco (closed at LKR 1,150.00,…
Latest government data shows that for the first time in Sri Lanka’s history, tourist arrivals during the 10 months of this year has passed the 1.2 million mark. The significant feature is the huge increase in the arrival of Chinese tourist to Sri Lanka. According to this data, 1,228,754 tourists have arrived in Sri Lanka…
Prominent investor at the Colombo Stock Exchange, Dr. T. Senthiverl now owns 14.432 per cent shares of Vallibel Power Erathna PLC headed by another prominent Sri Lankan businessman Dhammika Perera. This increase in shares is following Dr. Senthilverl acquiring 105.8 million shares of Vallibel Power on 04 November. Currently he is in possession of 107.8…
Toyota unveiled an 850-horsepower Camry sedan at a Las Vegas trade show Tuesday. Yes, it’s insane. No, you can’t buy one. Compare that horsepower figure to a Lamborghini Huracán, which packs 602, or a Dodge Challenger Hellcat with 707. Toyota (TM) calls it the “Sleeper Camry.” Generally speaking, a “sleeper car” is one that looks…
Women workers in estates applaud pioneering empowerment initiative A feminine touch has been welcomed by the traditionally male-dominated estate sector, with a pioneering initiative by a Regional Plantation Company (RPC) to empower and develop Female Field Officers receiving the strong support and commendation of the company’s female workers. Kahawatte Plantations PLC which pioneered the concept…
Browns Hotels and Resorts Limited, a fully owned subsidiary of Browns Investments PLC signed an agreement today (05 November) with Starwood Hotels and Resorts Worldwide Inc. to grant Starwood the management rights of its five-star Sheraton Kosgoda Turtle Beach Resort in Kosgoda in the southern coast of Sri Lanka. Sheraton Kosgoda Turtle Beach Resort will…
The debenture issue by the Merchant Bank of Sri Lanka PLC has been oversubscribed on the opening day itself. The bank was to issue 20 million unsecured redeemable debentures at an issue price of Rs. 100 each. However, since the issue had received over 20 million applications for subscriptions the list had been closed at…
Colombo equities managed to regain lost grounds on Wednesday amid notable foreign inflow coupled with the positive quarterly earnings. Core index gained 37.57 index points or 0.51% to close at 7,358.46 while 20-scrip S&P SL index advanced by 15.86 index points (+0.39%) to end at 4,102.11. Price inclines in counters such as Lanka IOC (closed…
Coinciding WTM travel and trade Fair in London – UK, a special advertising campaign was launched by Sri Lanka Tourism in central London covering 25 underground stations for a period of 03 months (twelve weeks) . The campaign started off on 29th October 2014 going up to 29th January 2015 in parallel to the WTM…
The ruling Sri Lanka Freedom Party (SLFP) affiliated trade union strike action at the Bandaranaike International Airport (BIA) has been called off following discussions with the authorities. Operations are to resume shortly. Earlier today (05 November) the trade union members resorted to a strike action claiming that several rounds of talks with the authorities on…
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