Business

Marriott’s CEO warns that the company is in a “fight for talent” as it seeks to hire 10,000 staff at hotels in the United States to accommodate the rapid recovery of bookings. Tony Capuano took over after his predecessor’s death…

Overseas Realty (Ceylon) PLC announced the passing of. S P Tao (TaoShing Pee) Founder, Chairman and Director of the Company, in Nanjing, China on 24th August 2021. Tao lived 105 years and passed away peacefully. Tao was the…

The All Share Price Index reached its all-time high of 9,335.9 points on Thursday and closed the week at 9,316.7amidst recording an impressive total turnover over Rs.59 Bn for the week (average weekly turnover of Rs.11.9 Bn). Further…

Aeroflot the Russian airline will operate direct flights to Colombo from November 4. This will be two flights per week. The flights will be operated on a wide-body Airbus A330-300 aircraft. The airline has already opened the sale…

Sri Lanka Retailers Association (SLRA), is requesting the government to stop the ‘double standers’ that are being imposed by the health authorities when it comes to the opening of supermarkets as against other shops. “While over…

Structural transformation towards economic activities that require higher technologies, higher skills, and better managerial technologies is an imperative for Sri Lanka, Prof. Ha-Joon Chang-Director of Centre of Development Studies,…

Overseas operations by local Power Generation players mainly positioned in Bangladesh and Uganda and some African countries are turning out to be very productive for local companies, says ‘GREEN ENERGY; (RENEWABLE ENERGY) report…

The Board of Investment (BOI) of Sri Lanka recently signed an agreement with Rakshaa (Pvt) Ltd, for the expansion of their existing operations, which will now include high-quality ladies fashion garments and sportswear. Rakshaa…

The Colombo bourse reached new record highs yesterday witnessing notable total turnover over Rs. 12 bn with price gains in selected value counters. The All Share Price Index inched upwards by 172.9 points (+1.9%) to close at 9,335.9…