Laila Gunesekere-Martenstyn has been selected to join the very prestigious and high powered jury at Spikes Asia in Singapore this September. Widely acknowledged as the most sought after and revered Creative Awards program in Asia, Spikes is well attended by the creative and marketing fraternity. Laila has been invited to judge radio & outdoor categories,…
A Special Investigation Committee has been appointed by the Secretary to the Ministry of Internal Transport on the instructions of the Minister to investigate into and make recommendations on corruption, maladministration and irregularities within the Ministry of Internal Transport and its affiliated institutions within the last five years. The Cabinet has approved this proposal by…
Colombo bourse stretched gains for the second consecutive session on Thursday amid positive corporate earnings. Benchmark All Share Price index bagged 10.93 points or (+0.15%) to end at 7,377.24 whilst S&P SL 20 index gained 8.84 index points (+0.22%) to end at 4,091.86. Market momentum was steered by counters such as John Keells Holdings (closed…
The Cabinet has appointed an official committee to investigate into and report on the activities of the Security Services Headquarters construction project being implemented at Akuregoda in Battaramulla. The attention of the Cabinet has been focused on the report submitted by the officials’ committee on the following matters relating to a company which has been…
No doubt people are dancing a jig with Netflix’s announcement Tuesday that the tech company will allow its employees to take unlimited maternity or paternity leave during the first year after their child’s birth or adoption—while earning their normal pay. “We want employees to have the flexibility and confidence to balance the needs of their…
ACL Cables, the No. 1 cable company in Sri Lanka with 70% market share as a group and over 13 billion turnover in the local cable industry, has been recognized at Sri Lanka’s prestigious Global Commerce Awards, presented by the Shippers’ Academy Colombo, in association with the Central Bank of Sri Lanka. The company received…
Muvumbe Hydro (U) Limited, an Ugandan subsidiary of Sri Lanka’s Vidullanka PLC since October 2013, has entered into a power purchasing agreement with the Uganda Electricity Transmission Company Limited (UETCL) a government owned company tasked with power purchase and transmission in Uganda. Under this agreement, Muvumbe Hydro (U) Limited would be entitled to develop the…
Colombo equities continued the upswing after the break in yesterday’s session to close at a six-month high despite the incline in weekly T-bill yields and foreign selling. The main index advanced notably by 56.26 points or +0.77% to end at 7,366.31 whilst S&P SL 20 index gained 10.39 points (+0.26%) to end at 4,083.02. Treasury…
The latest financial report released by the Urban Development Authority indicates that its profits during the 2015 March quarter has dropped by 85 per cent to Rs. 199 million as against the same period last year. The UDA’s income dropping by 80 per cent to Rs. 709 million is a significant feature.
During last July 25,120 Chinese tourists have arrived in Sri Lanka, making China the country from where the most number of tourists visit the island nation. India being the country with the second most number of tourists to the island is a significant feature. The arrival of Chinese tourists to Sri Lanka during the past…
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