Serenity now. It’s 4:30 in the afternoon and I’ve been stuck on the same stretch of Bush Street in San Francisco’s Financial District for an entire hour. And I have to pee. The Bay Area’s latest tech boom has left those of us living in, around, and on the outskirts of such “abundance” smack in…
Colombo equities continued the positive momentum on Monday as market stabilized after the policy changes. Benchmark All share price index advanced by 35.69 points (+0.5%) to end at 7,198.44 while S&P SL 20 advanced by 24.48 points (-0.62%) to end at 3,983.41. Today’s gains were mainly driven by counters such as Hatton National Bank (closed…
The Information and Communication Technology Agency of Sri Lanka (ICTA) announces the appointment of a new Chairperson and Board of Directors, with the change of Government. The new Board consists of Mrs Chitranganie Mubarak (Chairperson), Mr Muhunthan Canagey (Managing Director), Dr Ajith Madurapperuma, Mr Ananda Wijeratne, Mr Upul Kumarapperuma and Mr Chanuka Wattegama. Mrs Chitranganie…
Shaw Wallace Ceylon Limited, a subsidiary of Renuka Foods Plc has acquired 20,290,000 ordinary shares which amounts to 50 per cent shareholding of Richlife Dairies Limited from Renuka Agri Foods Plc for Rs. 605 million. Shaw Wallace Ceylon Ltd. will integrate Richlife Dairies Ltd into its operations.
Rohantha Athukorala who earlier functioned as the Chairman of the Export Development Board (EDB) has been appointed as Chairman Sri Lanka Tourism Promotion Bureau. While speaking to www.adaderanabiz.lk, Rohantha Athukorala said that promoting Sri Lanka better globally as a sought after destination in the tourism sector is his expectation and that he would fully commit…
Colombo equities gained ground on Monday, after two days of free fall, as bargain seekers turned bullish on selected stocks. Meanwhile foreign investors drove the turnover to 3-week high today led by purchases in premier blue-chip John Keells Holdings. In today’s trading session, All share price index gained 47.25 points (+0.67%) to end at 7,047.31…
The European Commission has stated that the ban on the purchase of fishery products from Sri Lanka imposed since the island had failed to take necessary steps to halt the fishing while violating maritime boundaries and several conditions imposed by the European Union, would continue. The Commission has also stated that the discussions with Sri…
Muhunthan Canagey, one among Sri Lanka’s young entrepreneurs has been appointed as the Managing Director of the Information and Communication Technology Agency (ICTA) of Sri Lanka. He is expected to enhance the ICTA’s role among the private and public sector, assist in the implementation of the national ICT policy and attract new opportunities for the…
Prominent lawyer and Sri Lanka Bar Association president Upul Jayasuriya has been appointed Chairman and Director General of the Sri Lanka Board of Investment by President Maithripala Sirisena. While not new to the Sri Lanka Board of Investment, Upul Jayasuriya functioned as the legal advisor to the Greater Colombo Economic Commission of Sri Lanka in…
While referring to various reports on the mixed development project on the Milco land at Kirimandala Mawatha in Narahenpita, Colombo, Softlogic Holdings PLC says that though it had expressed its interest along with several other parties in respect of the tender called for by the Sri Lanka Board of Investment (BOI), to date it has…
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