Mr Nadeem Omar brings onboard, Mr Aziz Abdul Rahim Kassamali and Mr. Majid Bashir as co-owners Mr Omar also owns the Quetta Gladiators franchise in the Pakistan Super League (PSL) The total valuation of the Galle Gladiators is $3.82M The vision is to build team Galle with the best available international star players like Andre…
The Lankan Angel Network (LAN), the country’s largest network of angel investors, has appointed Chandi Dharmaratne as its Chairperson for 2021/2022, at its most recent Board Meeting held in September. Ms. Dharmaratne is the first woman to lead the Lankan Angel Network. As she steps into this role, Ms. Dharmaratne succeeds Mano Sekaram, Founder/CEO –…
The Consulate General of Sri Lanka in Guangzhou participated with Guangdong Scenery International Travel Agency in the China (Guangdong) International Tourism Industry Exposition (CITIE) held from 10-12 September 2021 in Guangzhou, organized by the Department of Culture and Tourism of Guangdong Province. The Consulate designed the Sri Lanka stall embossed with vibrant beautiful pictures of…
Affirming their deep-rooted commitment to sustainability, Sri Lanka’s leading diversified agribusiness company Watawala Plantations PLC (WPL), is strongly pushing for change within the industry with strong efforts to promote encourage sustainable agriculture practices. With the steep rise in pressing environmental challenges across the globe, the company doubled down on their plan to contribute towards the…
Moody’s Investors Service – On 10 September, Sri Lanka (Caa1 review for downgrade) published details of its foreign currency (FX) reserves position1, which was nearly $3 billion as of the end of August 2021, 43% lower than at the beginning of the year and around $600 million lower compared to the end of June. Foreign exchange…
Port City Colombo, the largest and most ambitious development project ever undertaken in Sri Lanka, proudly marks its 7th anniversary since the initial land reclamation work commenced in 2014. During this period, the project has committed USD 1.4 billion of foreign direct investment to Sri Lanka for initial reclamation and internal infrastructure development. The…
Fitch Ratings: Restrictions on vehicle importation will continue to constrain growth prospects of Sri Lankan finance and leasing companies (FLCs), dampening prospects for the sector’s earnings, says Fitch Ratings in a new report. Higher second-hand vehicle prices due to limited new vehicle supplies have reduced affordability and will most likely weaken future demand for vehicle…
HNB FINANCE PLC (HNBF) recently announced the appointment of Mr. Dilshan Rodrigo as the company’s Chairman and as a Non-Independent, Non-Executive Director, effective from 10th of September 2021. Mr. Rodrigo is taking over as Chairman of HNBF from former Chairman and HNB MD/CEO Mr. Jonathan Alles, who served as the Chairman since 2014. Mr. Rodrigo…
The Sri Lanka Embassy in Moscow arranged a meeting with PJSC Aeroflot of Russian Federation for the visiting delegation from the Ministry of Tourism & Aviation at the headquarters of Aeroflot on 03 September 2021 in Moscow. During the meeting, officials from PJSC Aeroflot mentioned its readiness to commence a new direct service between Moscow-Colombo, which will…
On 24th and 26th September, the Wilpattu National Park goes live! A ‘Couch Safari’ will take viewers on a wildlife streaming tour of Sri Lanka’s oldest and largest national park, allowing them to experience the wonders of Wilpattu from the safety of their homes. The COVID-19 pandemic has indefinitely postponed travel plans for many tourists…
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