John Keells Holdings PLC (JKH) has revealed a pivotal corporate strategy that includes a Rights Issue of Ordinary Shares, followed by a Share Sub-division. This initiative is aimed at boosting the company’s financial stability and ensuring the successful execution of its ongoing and future projects. Details of the Rights Issue The Board of Directors of…
Sri Lanka’s largest conglomerate listed on the Colombo Stock Exchange, John Keells Holdings PLC (JKH), has announced its latest financial performance for the first quarter of 2024/25. Here are the key operational and financial highlights of JKH performance during the quarter under review: Group EBITDA in the first quarter of 2024/25 recorded a decrease of…
Thales and local partner Just in Time Technologies (JITT) have been awarded the contract to supply Sri Lanka’s biometric passports, which are planned for a rollout next year. The first batch of 100,000 chip-based passports are scheduled for delivery by Thales by July 2025, with an agreement to supply one million passports annually over five years,…
The Association of Chartered Certified Accountants (ACCA) and the Colombo Stock Exchange (CSE) signed a Memorandum of Understanding (MoU) recently to establish a partnership aimed at enhancing financial literacy and professional development in Sri Lanka. This collaboration intends to offer ACCA educational courses via CSE branches, which will entail a Capital Market Module; co-brand the…
The Embassy of Sri Lanka in Cuba organized “Ceylon Tea Time” on 23 July 2024 at the Hotel Nacional in Havana with the intention of promoting Sri Lankan tea in the Latin American and Caribbean regions. Cuban government officials, diplomats from the Latin American and Caribbean regions, representatives from the Cuban Chamber of Commerce, directors…
SriLankan Airlines, in collaboration with Travel Portfolio from the United Arab Emirates (UAE) and Aitken Spence Travels from Sri Lanka, recently concluded a successful familiarization (FAM) tour of Thailand and Sri Lanka for top travel and tour operators in Dubai. The FAM tour was designed to raise awareness about the new seamless connections from the…
The Council for Business with Britain (CBB) held its 24th Annual General Meeting at Westminster House on Wednesday, July 24, 2024. The event marked a significant milestone with engaging discussions and a seamless transition in leadership. Mark Surgenor, Chief Executive Officer of HSBC Sri Lanka & Maldives, has been elected as the new President of…
The Board of Directors of East West Properties PLC has resolved to initiate the process of delisting the company’s shares from the Colombo Stock Exchange (CSE). This decision follows a request from the principal shareholder, Mr. Nahil Wijesuriya, and was made during a board meeting held Monday (29). The delisting will be subject to obtaining…
Bitget, the leading cryptocurrency exchange and Web3 company, is excited to announce its first-ever meetup in Sri Lanka, aimed at spreading awareness about crypto and blockchain technology for its users in the country. The event will take place on August 3rd, from 6 PM onwards, at Mont Blanc, NH Collection, Colombo. This gathering is open to the entire crypto community, including key…
The new Melco Resorts & Entertainment City of Dreams project in central Colombo, Sri Lanka, could benefit from burgeoning wealth and outbound tourism from India, with its casino possibly helping to generate around 50 percent of the property’s EBITDA, brokerage Morgan Stanley predicts. This year Melco Resorts announced a joint venture with John Keells Holdings PLC, the largest conglomerate listed…
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