Financial
Malaysian investor Demak Manufacturing Lanka to manufacture motor cycles under BOI
The Board of Investment of Sri Lanka granted investment approval to Demak Manufacturing Lanka Limited. Mr. Dhammika Perera, Chairman / Director General signed the agreement on behalf of the BOI and formally presented the BOI Certificate of Registration to Mr. Gao Rong, Chief Executive Officer of DNC Asiatic Holdings SDN. BHD.
DHL Express opens new Air-side Gateway Facility at Bandaranaike International Airport
DHL Express today announced the opening of its new Air-side Gateway Facility inside the Bandaranaike International Airport, Katunayake -Terminal 3. The new DHL Gateway in Sri Lanka is one of the best in South Asia having the latest technology and material handling equipments....China to loan Sri Lanka $290 mln for airport, railways
China has agreed to lend $290 million to Sri Lanka to build a new airport and revive its railway network, the foreign ministry said on Wednesday....Touch wood case and political uncertainty drive Sri Lanka shares down
While foreign investors continued with their selling of shares , Colombo stocks fell 0.68 percent on Tuesday due to negative investor sentiment amidst political uncertainity ahead of April General Elections, profit taking of investors, and intense selling of Touchwood shares, analysts said. ...Asian Paints says products carry Lead-free guarantee
Asian Paints Lanka, the owner of a multi-brand portfolio of standard and specialized paints, has announced that its products in Sri Lanka are now covered by a Lead-free guarantee, following a global Green initiative begun by the India-headquartered coatings giant....Colombo readies tax, investment reforms
Sri Lanka will initiate tax and investment reforms in its next budget following a parliamentary election in April, a government official said yesterday, amid pressure from the IMF to rein in a budget deficit....Govt.’s incapacity to stick to budget targets hits share market and investments
Following the Govt.’s declaration that it had overshot its deficit target in its budget 2009 , and still worse , it will miss this year too , has caused a plummeting of the share market which fell 1.22 % to a more than one week low on the 3rd of March owing to a negative investor confidence....Fitch Upgrades Singer Finance Lanka Ltd to 'BBB(lka)'
Fitch Ratings Lanka has today upgraded Singer Finance (Lanka) Limited's (SFL) National Long-term rating to 'BBB(lka)' from 'BBB-(lka)'. The Outlook is Stable....John Keells presents Soft Skills workshops at the University of Moratuwa
“From this programme I was able to understand the gap between local graduates and the industry. I was also able to get a good idea about what the private sector needs and what [kind of] person they look for,” said T.H.K. Nawarathna, a Final Year student of the University of Moratuwa and participant at “The Final Step” – Soft Skills Workshops - a five-day series of soft skills workshops, conducted by John Keells Social Responsibility Foundation in collaboration with the Career Guidance Unit (CGU) of the University from 8-12 February, 2010 at the University of Moratuwa. ...'FH Studio Collection' to Czech Republic after success at Colombo Fashion Week
Sri Lanka’s “FH Studio Collection’ has clinched markets in the Czech Republic following its success at the recent “Colombo Fashion Week 2010”....
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