Colombo bourse managed to close in the positive territory on Thursday. Benchmark index slightly gained 2.51 index points (+0.04%) to close at 5,914.56 and 20-scrip S&P SL index gained 6.69 index points (+0.21%) to close at 3,231.91. Price appreciations in illiquid stocks such as Indo Malay & Selinsing helped the ASI to close higher. Further,…
Two competitions, one for the fastest pizza maker and the other for the best coffee shop in Sri Lanka have been added as the latest attraction to the ‘Hotel Show’, perhaps the largest services sector exhibition in South Asia. The organizers say that the fastest pizza maker competition has been introduced while considering the development of speed in the…
The dollars spent by tourists spending a night in Sri Lanka is on the rise due to the increase in the services and value additions within the country’s tourism sector, says the Director General of the Sri Lanka Tourism Development Authority. In 2012, the amount a foreign tourist arriving in Sri Lanka had spent a…
The government has planned to divide the construction of the Southern Expressway extension from Godagama to the Hambantota harbour into four phases and hand them over to the respective contractors. Deputy Highways Minister Nirmala Kothalawala told AdaderanaBiz that the contracts could be awarded by August this year. “This section is 93 kilometres long. We are now attending to…
The Commercial High Court today (March 19) refused an enjoining order sought by Anura Lokuhetty, restraining his termination as the CEO of the Serene Pavilions Hotel. The Commercial High Court of Colombo in December issued an interim order restraining 3 directors nominated by Mr. Anura Lokuhetty and South West Holdings Ltd, a company controlled by…
In a ground breaking achievement for capital market education the University Grants Commission (UGC) and the Education Ministry have approved a programme proposed by the Colombo Stock Exchange (CSE) to conduct compulsory workshops for Undergraduate Students and Commerce Teachers across the country. The introductory sessions that were held recently saw avid interest generated from the parties involved. Accordingly, workshops…
Flights of the world’s largest passenger aircraft, the A380 have increased over the Mattala international airport in Hambantota and this has contributed to an increase in earning for Sri Lanka, says the Sri Lanka Airport and Aviation Services Limited Chairman. Airport and Aviation Services Limited Chairman Prasanna Wickramasuriya told AdaderanaBiz that since the Mattala international…
Colombo Stock market ended days’ trading on a mixed note. The ASI declined marginally by 6.47 points (-0.11%) to closed at 5,907.64 while 20-scrip S&P SL 20 index gained 1.22 points (+0.04%) to closed at 3,214.64. Price depreciations in Nestle Lanka (closed at LKR 1,900.00, -4.6%), Commercial Leasing & Finance (closed at LKR 3.80, -5.0%),…
It has been revealed that the President had decided to tighten the environmental recommendations for the chosen industries to be established in the Hambantota port complex. Hence, the particular companies have to again prepare their environmental assessment reports of their projects, said Sri Lanka Ports Authority (SLPA) chairman Dr. Priyath Bandu Wickrema while speaking to…
Sri Lanka is the country with the lowest tariffs or rates in the world for internet data that the public normally uses as ADSL and WiFi, says Telecommunications Regulatory Commission (TRC) Director General Anusha Palpita. He told AdaderanaBiz that currently there are nearly two million internet connections in Sri Lanka and it is being targeted…
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