The Ceylon Chamber of Commerce signs MOU with McLarens Maritime Academy
The Ceylon Chamber of Commerce (CCC) and the McLarens Maritime Academy recently entered in to a Memoranda of Understanding where CCC appointed surveyors will have an opportunity to undertake training…
COPE Orders to Sri Lanka Insurance submit a report on Maldives and Seychelles Branch Closures
Sri Lanka’s Legislative Committee on Public Enterprises (COPE) has ordered the State-Owned Sri Lanka Insurance Corporation (SLIC) to submit a report expeditious on its decision to close operations in Maldives…
Pakistan Pitches China-backed CPEC to Sri Lankan Investors
Pakistan’s Prime Minister Imran Khan who’s currently on his maiden official visit to Sri Lanka has invited Sri Lanka’s business community to invest in the $46 billion China-Pakistan Economic Corridor (CPEC)…
Daraz, Dialog, Samsung, Singer, and SLTMobitel Are Most Popular Brands Online in Sri Lanka
Daraz, Dialog, Samsung, Singer, and Mobitel were named among the top five visible brands by internet users in Sri Lanka, according to a survey. The Asia Pacific Institute of Digital…
Sri Lankan shares drop most in nearly four months as financials, industrials fall
(Reuters) Sri Lankan shares on Tuesday suffered their worst single-day fall since October, led by sharp declines in financial and industrial stocks. Sri Lanka’s CSE All Share Index ended 6.56%…
Cinnamon Life to handover office and residential units at two towers in March
Sri Lanka’s largest mixed development, the $1 billion Cinnamon Life project announced the handover of units at ‘The Suites’ residential tower and ‘The Offices’ tower by March 2021, following delays.…
Access Engineering acquire a 50% stake in Lanka AAC Ltd for Rs 131 M
Access Engineering PLC (AEL) has invested Rs. 131 million to acquire a 50 percent stake in the light-weight brick manufacturer, Lanka AAC Ltd. “Access Engineering PLC announces that it has…
EU Urges Sri Lanka to Notify Imposed Import Restrictions Measures to WTO
The Europan Union (EU) has urged Sri Lanka to notify import restrictions measures imposed since April 2020 to the World Trade Organisation (WTO), while stressing the need for a level…
New SEC Act Likely to Be Enacted Within Next Two months
The Securities and Exchange Commission of Sri Lanka (SEC) expects the New SEC Act to be enacted within the first quarter of the year. ” The new SEC Act, which…
Hayleys Group and subsidiaries announce stock splits
Billionaire Dhammika Perera-controlled Hayleys Group and all its listed 13 subsidiaries announced stock splits today, subject to shareholders’ approval. Following the announcement, the trading was halted until 11.30 am today.…