James Packer’s Crown group faces a new set of hurdles in his quest to open a $US400 ($457) million casino in Sri Lanka after threats by the country’s president that new gaming levies will be imposed should he win the upcoming January elections, the Age news agency reported. Sri Lankan President, Mahinda Rajapaksa announced new…
Fitch Ratings has assigned Sri Lanka-based Lion Brewery PLC’s (Lion; AA-(lka)/Stable) unsecured redeemable debenture issue of up to LKR2bn a final National Long-Term rating of ‘AA-(lka)’. The assignment of the final rating follows the receipt of documents conforming to information previously received, and is line with the expected rating assigned on 4 September 2014. The…
Colombo shares retained the optimistic momentum on Friday to conclude the weekly operations in positive territory. Benchmark All share price index closed on a three and a half year high of 7,501.09 with a gain of 21.40 points or 0.29%. 20-Script S&P SL 20 index gained 11.96 points or 0.29% to end at 4,155.82. During…
The Central Bank of Sri Lanka is to present a new series of Rs. 10 coins representing 25 administrative districts of Sri Lanka to President Mahinda Rajapaksa on Monday, 17 November 2014.
Colombo equities touched 7,500 strategic mark on Thursday amid 4 week high turnover. Core index gained 10.28 index points or 0.14% to end at 7,479.69 while S&P SL20 index advanced by 7.27 index points (0.18%) to close at 4,143.86. Price inclines in counters such as Access Engineering (closed at LKR 39.10, +6.3%), Vallibel One (closed…
Six banks have been collectively fined £2.6bn by UK and US regulators over their traders’ attempted manipulation of foreign exchange rates. HSBC, Royal Bank of Scotland, Swiss bank UBS and US banks JP Morgan Chase, Citibank and Bank of America have all been fined. A separate probe into Barclays is continuing. The fines were issued…
The All Share Price Index at the Colombo Stock Exchange exceeded the 7500 mark this morning (13 November). A spokesperson from the Stock Exchange research unit told AdaderanaBiz.lk that though it later showed a downward trend by now it is still somewhere near the 7500 mark.
Lanka Hospitals surpasses its own benchmark on achievements, following the recent accreditation by Joint Commission International (JCI) Lanka Hospitals, the foremost healthcare provider with a proven record of underlying achievements, recently announced the successful completion of 100 cochlear implant surgeries. Lanka Hospitals being the pioneer of cochlear implant surgeries, announced that the 100th patient, a…
Total revenue of LKR 8.2 billion, with a growth of 5.7% Net profit of LKR 1,093 million Declares interim dividend of 120% per share Celebrates 30 years of ‘Empowering Sri Lankan Dairy Farmers’ with the felicitation of 1,200 dairy farmers for their outstanding contribution towards Sri Lanka’s dairy industry Nestlé Lanka’s flagship brand Nestomalt announces…
There is a noticeable rise in spiritual tourists into Sri Lanka and hence the island could exploit this sector of tourists, Sri Lanka Convention Bureau Chief Executive Officer Vipula Wanigasekera told Biz 24×7 of Ada Derana 24×7 during an exclusive interview. During this interview he said the most number of spiritual tourists arriving in Sri…
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