Reuters – Global stocks are set for a short-term sell-off on Monday after Islamist militants launched coordinated attacks across Paris that killed 129 people, but analysts said a prolonged economic impact or market reaction was unlikely. President Francois Hollande has declared a state of emergency, ordering police and troops into the streets, and set three…
The Citrus Leisure Group announced a revenue of Rs. 392 million for the six months ended September 2015, a 133% growth compared to the corresponding period last year. The group’s first property Citrus Hikkaduwa contributed Rs. 105 million while the Group’s flagship property Citrus Waskaduwa, which was opened last year, contributed Rs. 247 million. The…
Sri Lanka Telecom, the national telecom services provider released its company and group financial performance, for the 3rd quarter 2015. The group comprises of Sri Lanka Telecom and its eight subsidiaries including mobile arm Mobitel (Pvt) Ltd., (Mobitel). The group reported Rs. 50.8 bn revenue during the nine months ending in September 2015 with 6%…
Colombo bourse closed on the negative territory for the fourth-straight session ending the week on a lackluster note. Benchmark index advanced to 7,014 in the opening hours but failed retain the momentum and ended at 7,001.81, down by 4.54 index points or 0.06%. S&P SL20 index advanced by 0.10% or 3.66 index points to close…
The issue by Access Engineering PLC of 30 million rated, senior, unsecured, redeemable debentures at Rs. 100/- each with the option to issue up to a further 20 million debentures in the event of an oversubscription closes at 4.30 pm today (13 November) after having received applications for over Rupees four billion and four hundred…
* Bolsters General Insurance Foothold with AIA General Insurance Lanka Limited Acquisition Janashakthi Insurance PLC., (Janashakthi) recorded a 15% Year-on-Year (YoY) growth in consolidated Gross Written Premium (GWP) in the first nine months of 2015 to end the quarter with a consolidated GWP of over Rs.7.351 billion and Profit Before Tax (PBT) of Rs.337 million….
A bilateral aviation agreement has been signed between Sri Lanka and Serbia. Under this agreement Serbia’s national airline AirSerbia would be provided facilities to land at as well as for its flights to take off to other countries from the Mattala International Airport. This is one among a series of plans by the government to…
The Thailand International Cooperation Agency is to launch a scholarship and training programme under a five year plan for the development of human resources in Sri Lanka. Thailand assists immensely in Sri Lanka’s human resources development under the Thai-Sri Lanka bilateral technological cooperation. It has provided scholarships and training to Sri Lankans in the agriculture,…
The Federal Minister for Commerce Engr. Khurram Dastgir Khan called on Sri Lankan President Hon. Maithripala Sirisena at President’s Secretariat Wednesday evening. The Minister for Commerce was accompanied by High Commissioner of Pakistan in Sri Lanka Maj. Gen. (R) Syed Shakeel Hussain, Deputy High Commissioner Dr. Sarfraz Sipra and Director Ahsan Riaz Chaodhry. The Sri…
An unidentified piece of space debris is expected to enter Earth’s atmosphere and land in the Indian ocean, off the southern coast of Sri Lanka today (Friday, November 13) at approximately 11.50 a.m., ending its decades-long journey in the universe. An European Space Agency (ESA) team have already positioned themselves along the southern tip of…
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