All Corporate offices of SriLankan Airlines which were located at the World Trade Centre, Colombo have now been relocated to its Headquarters at the Airline Centre, Bandaranaike International Airport, Katunayake. Accordingly, the addresses of the relocated corporate offices have been changed to ‘Airline Centre, Bandaranaike International Airport, Katunayake.’ whilst the contact numbers and email…
John Keells Holdings PLC reported a 5% growth in Group revenue during the first quarter of the year of Rs.31.74 billion compared to the Rs.30.16 billion recorded in the previous financial year. The Transportation, Consumer Foods and Retail industry groups continued their growth momentum from the previous quarter despite the disruptions post the Easter Sunday terror attacks which…
Records a dollar return of 8.56% during the first half of 2019 Declining interest rates on ISBs reflect SL’s improving financial stability Strong demand on the recent issuance of Sri Lankan International Sovereign Bonds (ISB) signals potential for a strong economic recovery according to Ceylon Asset Management (CAM)) Director and Economic Advisor, Rainer Michael Preiss….
The Sri Lanka Forex Association (SLFA) will host the most prestigious event in the global financial markets calendar, the 58th ACI Financial Markets Association World Congress from the 3rd to 5th October in Colombo. The Congress will bring together a collective of influential financial market professionals, regional regulators, policy makers, think tanks, eminent thought leaders,…
Reuters – Sri Lankan shares rose for a third straight session on Thursday to hit their highest close in nearly five months, led by a rally in banks, but the rupee weakened on higher importer dollar demand. Foreign investors were net sellers of stocks. ** The country’s benchmark stock index ended 0.85% up at 5,794.66,…
With the uncertainties surrounding the outcome of not just one, but three sets of elections SriLanka’s Tokyo Cement Company (Lanka) PLC cannot expect the construction sector and the cement market to bounce back within 2019 or even in early 2020. “The country’s private sector and foreign investors will remain cautions until there is some decisive…
Knit fabric giant Teejay announces plans to diversify in to lace Teejay Lanka PLC, Sri Lanka’s only multinational textile mill, has announced plans to partner with a leading Chinese company to venture in to the manufacture of lace, thereby significantly expanding the Company’s product portfolio. As a first step, Teejay is to commence dying,…
WASHINGTON (AFP): Global trade tensions, continued uncertainty and rising prospects for a no-deal Brexit are sapping the strength of the world economy, which faces a “precarious” 2020, the International Monetary Fund warned on Tuesday. Trade conflicts are undercutting investment and weakening manufacturing, and the IMF urged countries to avoid using tariffs to resolve their differences….
In terms of the approval granted by the Cabinet, a Memorandum of Cooperation (MoC) has been signed by Sri Lanka, India and Japan to extend Cooperation for the development of the East Container Terminal of the Colombo South Port. Purchasing and installation of 06 ship cranes and 18 Electric Rubber Tyred Gantry Cranes is necessary…
The approval of the Cabinet has been granted previously to implement a pilot project to grant Gratis Visas for tourists visiting Sri Lanka, from Thailand, European Union, United Kingdom, the USA, Japan, Australia, South Korea, Canada, Singapore, New Zealand, Malaysia, Switzerland, Cambodia with a view to attracting a more number of tourists to Sri Lanka….
Video Story
