Bourse expanded the optimistic momentum for the fourth consecutive day in a thin trading session, amid slight direction in politics after the conclusion of nominations for the mid-August general election. Main index gained 24.22 index points or 0.35% to close at 7,027.00 while S&P SL20 index bagged 3.84 index points (+0.10%) to end at 3,920.28….
The government’s attention has been drawn towards launching an internal aviation service while utilising the local airports and airstrips for tourists to easily travel to various locations. A high-ranking government official in the tourism trade said several aircraft would have to be purchased in the near future for this purpose. He also added that attention…
The Monetary Board has directed People’s Merchant Finance PLC through a letter dated 04 June 2015 to remove Govindasamy Ramanan from Director and Chief Executive Officer of the company with effect from 04 June 2015.
Disrupt Unlimited, the Brandix-led start-up seed accelerator, has entered into a strategic tie-up with Regus, the world’s largest provider of flexible workspace solutions, to offer collaborative workspace to business start-ups incubated by the former. Regus has undertaken to provide flexible office space solutions for start-up companies that are born out of the efforts of Disrupt…
China’s richest province Guangdong, together with Sri Lanka Tourism yesterday announced a two-way partnership in a move to boost tourist arrivals. With an estimated GDP of US$1 trillion, which makes it the richest province in China and the 13th biggest economy in the world, Guangdong, formerly known as Canton launched an attractive campaign with a…
Seychelles Small Enterprise Promotion Agency’s Chief Executive Officer Penny C. Belmont says that Sri Lankan entrepreneurs have a great opportunity for trade in her country. Below is the complete video discussion www.adaderanabiz.lk had with her:
Emirates, a global connector of people and passions, and official partner of Arsenal Football Club has unveiled its first plane to feature Arsenal branding as the team fly out for the start of the club’s summer tour to Singapore this week. The Gunners arrived in style on an Emirates B777-200LR chartered aircraft that has been…
* Productivity-based formula provides opportunity for workers to improve earnings through greater output Pointing out that the demand of plantation sector trade unions for an unconditional increase of the daily wage of estate workers to Rs. 1,000 – a massive 62% increase from the Rs. 620 at present – is inconceivable in any industry, Regional…
Colombo bourse continued the winning streak for the third day and closed the session with gains on a critical day for domestic politics. Accepting nominations for the August general election was closed today and major political parties handed over the much debated nominations lists to the election commissioner. In today’s trading session ASI crossed 7,000…
The Pathfinder Foundation in its blueprint on economic reform, ‘Charting the Way Forward: Prosperity for All’, highlighted the following paragraph: Sri Lanka needs to follow good practice which is being pursued by an increasing number of countries around the world. All hand-outs, subsidies and other welfare measures included in the manifestos should be costed and…
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