SriLankan Claims Moving Out Of Red

SriLankan Airlines claims it is moving out of the red, denying reports that it suffered huge losses even after the new government took office. The airline says that Rs. 91.8 billion in losses suffered between 2011 and 2015 had reduced to a fraction of this colossal number by 2017. A statement by the airline said [...]

Little Changes in Asian Stocks

Asian stocks were little changed on Friday, as investors searched for catalysts in the wake of a resumption of the U.S. technology rout overnight. The Japanese yen remained near a two-week low against the dollar after the Bank of Japan left monetary policy unchanged as expected even as its U.S. counterpart signaled further tightening. It was [...]

Constituent Changes To S&P Sri Lanka 20 Index

The Colombo Stock Exchange (CSE) announced changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indicesat the 2017 mid-year index rebalance. A revision of the S&P SL 20 methodology in March 2017established the practice of a semi-annual rebalance of the index (previously conducted annually), which is set to take place during [...]

CCC To Host Sri Lanka Economic Summit

Sri Lanka Economic Summit 2017 organized by the Ceylon Chamber of Commerce (CCC), Sri Lanka’s premier business chamber will take place on the 25th and 26th July, 2017 at the Cinnamon Grand Hotel, Colombo. The two-day summit, which will be held under the title of ‘Execute – Transform – Realize’ will hold eight Thematic sessions, focusing on [...]

Dentsu Aegis Network Clarifies investment In Sri Lanka

Dentsu Aegis Network says it has made no investment in any joint venture or otherwise in Sri Lanka except with the Grant Group. Dentsu Aegis Network says it acquired control of the Grant Advertising Group in March 2017, the largest independent creative agency and the pioneer of advertising in Sri Lanka. As part of that [...]

Advantis Projects Bridges The Logistics Gap For Sri Lanka’s Energy Growth

As a nation focused on development and in the midst of transitioning from a lower middle income country to an upper middle income country it is no surprise that Sri Lanka is facing a rise in demand for electricity. With ambitious goals and recent economic developments, Sri Lanka has been experiencing a 4% annual increase [...]

MG Group Of Companies Shines As Dynamic Trailblazer Bridging Infrastructure Gaps

While Sri Lanka remains strategically placed to benefit from the changing global marketplace, development of economic and social infrastructure is pivotal to unleashing our true potential. With a distinct focus on brining economic success, serving the increasing infrastructure requirements of our country, the MG Group of Companies (MGG), a dynamic trailblazer in the form of [...]

Citibank and CCC Commence the 2nd Phase of Rural Economic Empowerment Program

The ‘Rural Economic Empowerment Programme initiated by the Citibank in collaboration with the Ceylon Chamber of Commerce (CCC) and Hatton National Bank in June 2015 assisted over 400 rural entrepreneurs in four rural villages namely; Beralapanathara in Matara District, Dadayamkanda in Ratnapura District, Weheragala in Anuradhapura District and Udappuwa in Puttalam District. The project provided [...]

EFL Strengthens International Management Team

Industry veterans join board as Independent Directors Leading logistics provider EFL announced the appointment of three new Independent Directors to its international board as part of its ongoing efforts to add international expertise to its management team. Ram Menen, Stephen Dearnley and Mike Sherman joined as Independent Directors to the board led by Founder and [...]

Presidential Secretariat, Sri Lanka Railway And Airtel Partners To Help Disaster Victims

The Presidential Secretariat, the Railway Department together with Airtel have jointly organized a special train titled ‘Puravesi Athwela humanitarian train’, to collect relief material to be distributed to those who were affected by the recent floods and landslides. The special train facilitated at the following stations: Jaffna, Kilinochchi, Vavuniya, Madawachchiya, Anuradhapura, Maho, Ganewatta, Kurunegala, Polgahawela, [...]

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