Colombo bourse bounced back to greener territory on Tuesday, snapping the five day losing streak amid the higher institutional activity. Benchmark index swung between gains & losses and closed the session with optimistic momentum at 6,977.95, up by 0.17% (11.97 index points) while 20-scrip S&P SL index bagged 4.04 index points or 0.11% to end…
The share market is a gamble said United People’s Freedom Alliance Member of Parliament Bandula Gunawardena while speaking at a media briefing. Gunawardena said this while criticizing the National Pensions Gratuity Fund which would amalgamate the existing Employees Provident Fund (EPF) and the Employees Trust Fund (ETF) as proposed recently by Prime Minister Ranil Wickremesinghe…
On a spree to expand its base and boost the ever-increasing demand for high-end bicycles, world’s largest bicycle manufacturer Hero Cycles is set to acquire a Sri Lankan bicycle manufacturing company. Sources said all the formalities were almost complete and an official announcement would be made as soon as the chairman-cum-managing director (CMD) of Hero…
Amidst mounting expectations for a people friendly budget, the new government’s national budget for 2016 will come under focus at the annual budget seminar organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). The seminar will feature Minister of Finance Mr. Ravi Karunanayake, who will deliver the keynote speech highlighting the…
Sri Lankan Environmental Engineer and Scientist turned Engineer Athula Jayamanne founded leading Sewage and Waste Water Management Company – Eco Engineers & Company based in Sri Lanka recently won a Green Apple Environment Award in the international campaign to find the greenest companies, councils and communities. They competed against more than 500 other nominations in…
Residents of certain sections of Battaramulla, within the new capital of Sri Lanka, Sri Jayewardenepura Kotte, have not received their postal mail for the past one week or more. The mainly affected area is roads and by-roads adjoining Subuthipura where the main post office is located and Udumulla, Kottegewatte Road etc. Residents who have checked…
Colombo stock market started the budget week on negative note where benchmark index slide back to 6,900 mark amid the concerns on budget proposals and mixed interim results. All share index closed the session on 18 week low of 6,965.98, down by 35.83 index points (-0.51%) while 20-scrip S&P SL index shed 27.74 index points…
Only Sri Lankan Company to be awarded at this year’s edition of region’s premier insurance industry awards ceremony Emphatically reiterating its status as Sri Lanka’s most innovative insurer as well as a regional leader in innovation in the insurance industry, Asian Alliance Insurance PLC clinched the prestigious ‘Innovation of the year’ award at the 2015…
The deadline for the settling of the Casino Tax imposed by the Yahapalana Government’s first budget was yesterday (15 November, 2015). All casinos in business since 29 January 2015 are liable for this tax with each casino paying Rs. 01 billion as a once-off tax.
The recent series of terror attacks in Paris has been major setback to the world economy, point out analysts. The major risk is for Europe’s tourism sector. Following the Paris attacks, military intelligence has revealed that several other countries within Europe have been targeted for such attacks by terrorists. Hence, tourists are reportedly fast losing…
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