manusath-derana

Top News

First Singapore mission to Colombo in new FTA era says leveraging Sri Lanka for South Asia

Sri Lanka’s newest Free Trade partner in the world, itself a major economic hub, hinted its keen ambitions to leverage the Sri Lankan economic partnership as a springboard towards the rising South Asian market. “Many Singapore businesses see Sri Lanka as a gateway to South Asia” announced President of the Singapore Chinese Chamber of Commerce…

(0)Comments | May 9, 2018 3:34 pm

Emirates Group records 30th consecutive year of profit of US$ 1.1 billion

The Emirates Group today announced its 30th consecutive year of profit and steady business expansion. Released today in its 2017-18 Annual Report, the Emirates Group posted a profit of AED 4.1 billion (US$ 1.1 billion) for the financial year ended 31 March 2018, up 67% from last year. The Group’s revenue reached AED 102.4 billion…

(0)Comments | May 9, 2018 3:30 pm

Daraz Group Joins the Alibaba Ecosystem

Daraz Group, a leading e-commerce company in Sri Lanka, Pakistan, Bangladesh, Myanmar and Nepal today announced that the company was fully acquired by Alibaba to become a member of Alibaba Group. With the acquisition, Daraz will be able to leverage Alibaba’s leadership and experience in technology, online commerce, mobile payment and logistics to drive further…

(0)Comments | May 9, 2018 3:23 pm

JLL Report: Sri Lankan tourism sector on the cusp of accelerated growth phase in 2018/19

• Consistent policy framework vital to capitalize on rising international profile • Commends Budget 2018 initiatives to boost growth, develop domestic airports and aero sports • Recommends continued digitization of services to capture growing millennial market Global real estate consultancy Jones Lang La Salle (JLL) anticipates a strong surge in tourist arrivals and earnings, which…

(0)Comments | May 9, 2018 11:24 am

John Mattone: World’s No. 1 Authority on Intelligent Leadership to Visit Sri Lanka

The Sri Lanka institute of Marketing (SLIM), the apex Marketing body in the country, is gearing up for one of its biggest highlights of this year. SLIM announced the launch of their programme ‘John Mattone in Sri Lanka’ recently. The Knowledge Forum will be held at the Shangri La, while the CEO’s Breakfast Forum will…

(0)Comments | May 9, 2018 11:18 am

MOU Signed between SL – S’Pore Business Council & S’Pore Chinese Chamber of Commerce & Industry

An interactive evening with the delegates of the Singapore Chinese Chamber of Commerce & Industry was hosted on Tuesday evening at Cinnamon Grand by the Sri Lanka – Singapore Business Council. The Sri Lanka – Singapore Business Council inaugurated on August 14, 1997 is the 18th bilateral Business Council formed under the aegis of the…

(0)Comments | May 9, 2018 10:46 am

Sri Lankan stocks end at over 3-week low in thin trade

Reuters – Sri Lankan shares fell on Tuesday to more than a three-week low, dragged down by shares of beverage companies such as Distilleries Company of Sri Lanka Plc , while investors continued to await fresh cues from political and economic fronts. The Colombo stock index ended 0.33 percent weaker at 6,485.57, its lowest since…

(0)Comments | May 9, 2018 10:37 am

Nearly 100,000 Chinese tourists visit Sri Lanka up to April

(Xinhua) – Nearly 100,000 Chinese tourists visited Sri Lanka till April this year, making China among the top three countries generating the most number of tourists to the island country, statistics from the Tourism Ministry showed here Tuesday. In April, 17,462 Chinese tourists arrived in Sri Lanka, making China the third largest market. India and…

(0)Comments | May 8, 2018 4:46 pm

Resurgent Teejay Lanka’s Q4 pre-tax profit up 27% to Rs 501.6 million

Says now well-positioned for strong operational growth in 2018-19   Teejay Lanka PLC has reported profit before tax of Rs 501.7 million at Group level for the final quarter of 2017-18, to end a challenging year with a noteworthy resurgence that augurs well for Sri Lanka’s only multinational textile manufacturer.   The Weft knit fabric…

(0)Comments | May 8, 2018 4:29 pm

Alibaba buys Rocket Internet’s Pakistan ecommerce platform Daraz

FRANKFURT (Reuters) – Alibaba Group (BABA.N) has bought the entire share capital of Rocket Internet’s (RKET.DE) South Asian ecommerce platform Daraz Group, Rocket Internet said on Tuesday. It did not disclose financial details. Daraz, founded in Pakistan in 2012, operates online marketplaces in Pakistan, Bangladesh, Myanmar, Sri Lanka and Nepal. The unit will continue to…

(0)Comments | May 8, 2018 3:47 pm