Palm Garden Hotels PLC has invested US dollars 500,000 to acquire 5,000 shares of Bodufaru Beach Resort (Private) Limited in the Maldives. This amounts to 33.33 per cent equity of the company and to develop a resort hotel in the Maldives. This Palm Garden Hotels investment is jointly with Eden Hotel Lanka PLC and Browns…
Colombo stock market closed with positive returns on Tuesday amid lackluster trading session. ASI slightly gained 3.74 index points or 0.05% to close at 7,291.33 while 20-scrip S&P SL index marginally gained 5.79 index points (+0.14%) to end at 4,086.50. Price appreciations in counters such as National Development Bank (LKR closed at LKR 248.00, +1.6%),…
With a view to providing a higher interest income for senior citizens, the Budget 2015 proposed a 12 per cent special annual interest rate scheme for deposits Of citizens over 60 years of age, who maintain the fixed Deposits in all licensed banks
The agreement was signed in Sri Lanka’s capital, Colombo, during a UAE delegation’s visit to discuss ways to bolster cooperation The UAE, represented by the Federal Customs Authority (FCA) and Sri Lanka Customs, have initialled an agreement on customs technical cooperation. The agreement was signed in Sri Lanka’s capital, Colombo, during a UAE delegation’s visit…
Colombo bourse started the weekly operations in negative territory on Monday amid bearish investor sentiments. Main index lost 21.44 points (-0.29%) to end at 7,287.59 while 20-script S&P SL index marginally lost 3.36 points (-0.08%) to end at 4,080.81. All share price index gained 133.69 points (+1.9%) so far this month whereas S&P SL 20…
Law enforcement officers have arrested several persons in the recent past while attempting to smuggle gold through Sri Lanka. Hence, Ada Derana BIZ 24X7 inquired Amendra Collections chairman Anura Eliyapura on his opinion whether there were any gold smuggling active through Sri Lanka. This is the full video interview Ada Derana 24X7 TV channel’s BIZ…
The missing AirAsia flight QZ8501 carrying 162 people to Singapore from Surabaya is thought to have crashed into the sea, a senior Indonesian rescue agency official told Reuters on Monday. “Based on our coordinates, we expect it is in the sea, so for now (we think) it is on the sea floor,” said Soelistyo, head…
AirAsia’s flight QZ8501 took off from Juanda international airport in Surabaya, Indonesia’s second largest city, at 5.20am, six minutes after sunrise. The plane seated 180 but only 155 passengers were on board, allowing a few lucky ones to stretch their legs into empty adjacent seats. The flight was scheduled to arrive in Singapore about two…
Airports have been busy on Christmas Eve as many people choose to get away for the festive season. About four million people are estimated to be heading abroad between 19 December and 3 January. However trains were quieter than usual with fewer people commuting and the Highways Agency reported no major problems on England’s main…
East West Properties PLC is to purchase 36 million ordinary shares of Weligama Hotel Properties Limited at Rs. 09 per share. The total value of this major transaction is Rs. 324 million.
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