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Revolutionary Huawei P8 to enter Sri Lanka end June

Huawei’s newest flagship smartphone, the successor of Ascend P7, Huawei P8 is set to enter the shores of Sri Lanka within a couple of weeks according to its local office. The entry of Huawei P8 will target the high-end user and is speculated to enter at a price range of LKR 65,000-75,000, which is comparatively…

(0)Comments | June 23, 2015 5:18 pm

Colombo stocks continue positive momentum

Colombo equities continued the positive momentum for the second consecutive session driven by buying pressure in heavy cap counters. Benchmark All share price index gained 14.31 points or +0.20% to end at 7,053.96 while S&P SL 20 index gained 25.77 (+0.66%) to end at 3,938.46. Today’s gains were mainly led by price appreciations in primary…

(0)Comments | June 23, 2015 5:12 pm

SLSBC to Lead High-powered Trade & Investment Delegation to Singapore

The Sri Lanka – Singapore Business Council (SLSBC) of the Ceylon Chamber of Commerce will be organizing a Trade and Investment Promotion Mission to Singapore from 29th July – 1st of August 2015. This will be the 5th such outward mission to Singapore organized by the SLSBC since 2010. The mission is planned to coincide…

(0)Comments | June 23, 2015 1:15 pm

Butter served may have caused guests’ hospitalization, says Cinnamon Grand

An internal investigation into the food samples of the hotel served at the June 12 event at the Oak Room of the Cinnamon Grand Hotel which led to around 20 guests being hospitalized has revealed that the butter served at the function may have been the cause for concern, says The Cinnamon Grand Colombo Hotel…

(0)Comments | June 23, 2015 8:43 am

Do not fall into difficulties with incorrect name on EPF – Video Interview

If an individual’s name is stated with any shortcomings in his/her Employee’s Provident Fund (EPF), then when recovering their money they could encounter many difficulties, says Labour Commissioner W.D.S.C. Weliwatte. Even if such shortcomings in the names are informed to the respective institutions for rectification, in the event the particular institution is no more, then…

(0)Comments | June 22, 2015 6:42 pm

Kalpitiya Beach Resort shareholders unanimously adopt alternate plan

The Board of Kalpitiya Beach Resort PLC announced that the Extraordinary General Meeting (EGM) of the Company that was adjourned on 08 May 2015 was held at 4.15 pm on 19 June 2015 and was duly terminated. The EGM to seek shareholder approval for the implementation of the alternate plan of action as set out…

(0)Comments | June 22, 2015 3:13 pm

‘Sri Lanka’s Global Economic Strategy’ to be discussed at the Economic Summit

Upcoming ‘Sri Lanka Economic Forum 2015’, the country’s top economic forum held annually will discuss the importance of establishing an ‘A New Global Economic Strategy For Sri Lanka’. This would be one, out of a series of important topics that is slated to be addressed during the eight sessions of the forum, which will see…

(0)Comments | June 22, 2015 1:46 pm

President to open The Steuart by Citrus

The Steuart by Citrus, the latest addition to Colombo City’s tourism offering will be declared open on the 26th of June 2015 by Honourable Maithripala Sirisena, President of Sri Lanka. Located at the very heart of Colombo, The Steuart will operate as a boutique business hotel offering the convenience of its prime location coupled with…

(0)Comments | June 21, 2015 1:05 pm

Sri Lanka risk-score undermined by political and economic challenges

The sovereign is still struggling in Euromoney’s risk survey as economic and fiscal indicators deteriorate, corruption investigations dampen China-sourced foreign investment and a looming general election makes it uncertain whether the new president’s parliamentary backers can produce a majority. In 2013, an Asiamoney article quoting Barclays declared: “Sri Lankan bonds do not offer enough premium…

(0)Comments | June 19, 2015 6:07 pm

Colombo stocks conclude weekly activities in negative zone

Colombo bourse concluded the weekly activities in negative zone erasing the marginal gains recorded in last two sessions amid net foreign selling. The main index lost 29.00 points or 0.41% to end at a 9-week low of 7,035.15 whereas S&P SL 20 index lost 18.05 points (-0.46%) to end at 3,906.28. The losses were mainly…

(0)Comments | June 19, 2015 6:06 pm