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  • Keells plans to open over 75 outlets by early 2024 amidst intensifying competition from newcomers

Keells plans to open over 75 outlets by early 2024 amidst intensifying competition from newcomers

Feeling the heat from intensifying competition from newcomers, John Keels Holdings (JKH) re-targets to open over 75  Keells branded supermarkets by early 2024. “The Retail sector has seen intensifying pressure…

Adani Ports to get 51% equity stake in WCT at Colombo Port

With a 51 percent equity stake, India’s Adani Ports and Special Economic Zones Ltd. (APSEZ) is partnering with John Keells Holdings PLC (JKH) and with the Sri Lanka Ports Authority…

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.…

President appoints De-Regulation Commission Chaired by Lalith Weeratunga and Krishan Balendra

President Gotabaya Rajapaksa has appointed an 18-member De-Regulation Commission for the Simplification of the Existing Laws and Regulations to spur the growth of the COVID-19 battered economy. The Commission is…