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For the first time in Sri Lanka, Abans Electricals will be moving to the manufacture of Air conditioners in Sri Lanka and also refrigerators. The total investment for the two projects would be in the excess of Rs. 3.5 billion in two…
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Symbolising its role as the National ICT Solutions Provider and committed to leading Sri Lanka towards the next phase of its digital revolution, SLT-Mobitel laid the foundation stone for Mobitel’s technologically advanced new…
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The Government plans to convert Trincomalee Port to a mega industrial port city that will house ship repairs and shipbuilding, a petroleum refinery, fertilizer manufacturing, steel and mineral sand industries and biomass storage…
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Colombo International Container Terminals (CICT) has continued its winning streak on the global stage by winning the award for the ‘Best Container Terminal in Asia’ in the Under 4 million TEUs category for a record fifth consecutive…
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The Governor of the Central Bank Ajith Nivard Cabraal had discussions with the Governor of Qatar Central Bank (QCB) Sheikh Al-Thani, one of the longest-serving Governors in the world last week. The duo also discussed ways and…
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Jason Avanceña has been appointed Managing Director of Nestlé Lanka PLC effective 1 October 2021 and will lead Nestlé’s operations in Sri Lanka and the Maldives. He takes over from former Managing Director, Fabrice Cavallin, who moved…
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Shares in embattled Chinese property giant Evergrande opened up 6% in Hong Kong after Chinese media reported it had made an interest payment before a crucial deadline. The company missed an $83.5m (£61m) payment last month,…
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Ambassador of Malaysia to Sri Lanka, Tan Yang Thai, recently met with a delegation from the Palm Oil Industry Association Sri Lanka (POAISL), to discuss the benefits of a collaborative approach towards uplifting Sri Lanka’s rural…
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Allianz Lanka once again partnered with other Allianz offices from around the world to raise much-needed funds to mitigate critical issues facing countries ravaged by the COVID-19 pandemic, via the Allianz World Run, an initiative that…
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The Bourse ended the week on a positive note this week with ASPI increasing by 291.41 points (or 3.03%) to close at 9,915.22 points, while the S&P SL20 Index also increased by 59.11 points (or 1.67%) to close at 3,605.72 points.…
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