Rihanna has emerged as the world's richest female musician, with a fortune that is considerably larger than that of Madonna, Céline Dion, and Beyoncé's great pop ladies. The 31-year-old, whose real name is Robyn Rihanna Fenty, is worth a staggering $600 million, according to Forbes -- overtaking Madonna by $30...
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Thaproban Beach House, one of the first hotels to be built in the Unawatuna area, would be reinvested to enhance its products. Managing Director Thambapanni Leisure, (the owning company of Thaproban Beach House) Preshan Dissanayake, said the hotel was build in 1990 and it now needs a facelift. “We would...
Read moreUnion Assurance emerged as the Winner in the Finance Services and Insurance Category at the ACCA Sri Lanka Sustainability Reporting Awards 2018 held on May 30. This is the 15th consecutive year that ACCA has organized this event and the 11th instance that UA was recognized for sustainable business practices....
Read moreNDB partnered with the Nation Blood Bank to host a special blood donation campaign last week. The blood donation campaign organized by the NDB Staff Recreational Club (SRC) was held on May 30 and saw a massive response of volunteers among the Bank’s staff eager to donate a pint. The...
Read moreIn the near future, Sri Lanka will offer foreigners the ' free visa upon arrival ' facility, Foreign Minister Wasantha Senanayake said. He said this facility would originally be provided to EU and US and the UK The facility was previously scheduled to be offered from May 1 to EU,...
Read more"Two-thirds of CEOs say that agility is the new currency of business and that if they don’t adapt, their business will become irrelevant" CEOs are faced with a stark choice. In the face of unparalleled environmental, economic and technological change, they are looking to grow their businesses by creating the...
Read moreYoY inflation as measured by CCPI is 5 percent in May 2019 and 4.5 percent in April 2019. Food Group's YoY inflation rose from 0.9% in April 2019 to 0.8% in May 2019, while Non-Food Group's inflation remains unchanged during the month.
Read moreOver the past decade, LOLC Group released its year-end outcomes for March 31, 2019, recorded another powerful year for its stellar performance. With Rs.26.81Bn's solid pre-tax profit (PBT), compared to Rs. 24.66Bn recorded in 2018, LOLC continues to outperform its own achievements. As at 31 March 2019, the Group's Profit...
Read moreSundara (Pvt) Ltd from the USA, inked an agreement with Board of Investment (BOI) to build “The Plantation Koggala” a luxury hotel project in Koggala on Friday. This is the first foreign party agreement to be signed after the Easter Sunday blasts, stamping investor confidence towards Sri Lanka. Dale Rennie...
Read moreAccording to the General Manager Ship Repairs, Colombo Dockyard, Bennie Fernando, the shipping sector is witnessing a 10 to 15% drop in business due to the Easter Sunday attacks Speaking at a special felicitation event for their agents and the shipping sector at Marino Hotel, Colombo 3, he said that...
Read moreAccording to its unaudited financial statement, SriLankan Catering Ltd. recorded a steady financial performance for the financial year ended 31 March 2019 with operating profit growth of 24 percent year-on-year from Rs. 3.8 billion to Rs. 4.7 billion. SriLankan Catering is SriLankan Airlines ' wholly-owned subsidiary. The operating profit ratio,...
Read moreThe annual United Nations Dag Hammarskjöld Medal Awarding Ceremony was held at the United Nations Headquarters in New York on May 24 to honor 119 military, police and civilian personnel who had sacrificed their lives whilst performing duties in several UN field Missions during the period January 1, 2018, to...
Read moreCentral Bank Governor, Dr. Indrajit Coomaraswamy yesterday said, Sri Lanka should maintain tight financial discipline over the next few years to strengthen the country’s financial situation and take the country forward as the Easter Sunday bomb attacks have already taken its toll on the economy. However, he said but Sri...
Read moreThe Auditor General had examined the expenses of the CWG Hambantota 2018 (Pvt.) Ltd from November 23, 2010, to May 31, 2013, its initial share capital, financial donations to it, its financial statements and legal matters in relation to its liquidation. “The total amount of funds received from public institutions,...
Read moreAccording to the Prime Minister Ranil Wickremesinghe, relaxing the travel restrictions imposed on Sri Lanka by countries such as Germany, Switzerland, India, and China will put new life into the country's tourism industry that was severely affected by the recent group of events. Prime Minister Wickremesinghe also, pointed out that...
Read moreThe National Chamber of Exporters (NCE) launched the Application Form of the 27th Annual Export Awards at the Hotel Galadari, amidst a gathering of Council Members and Office Bearers of the NCE, selected Award Winners at the event last year, and special invitees. The Annual Export Awards event to recognize,...
Read moreThe biggest testimony to the credentials of DFCC Bank as the industry leader in pioneering FinTech solutions in the banking and financial solutions industry is that Central Bank of Sri Lanka has recently signed an agreement with DFCC Bank to facilitate online EPF payments through the iConnect Payments and Cash...
Read moreSri Lankan apparel manufacturer, Hela Clothing Group, announced it has completed the balance raise of $3.6 million from its Series A funding round bringing the total equity raised to $10 million, following an advisory board visit in Sri Lanka by all major shareholders from Sri Lanka, UK, and Australia. This...
Read moreThe Nation’s leader in human resource management recently acquired a new building in close proximity to its head office in Colombo 5 to facilitate the growing demand for its programmes conducted by the Business School. The new building is located at the “Trillium”, Somadevi Place, Kirulapone Avenue in Colombo 5....
Read moreThe Board of Investments (BOI) signed an agreement with Sri Lanka Telecom (SLT), granting the approval to install telecommunication equipment in 157 sites. This approval was also permitted by the Telecommunication Regulatory Commission of Sri Lanka (TRCSL). Mangala Yapa, Chairman of the Board signed the Agreement and P G Kumarasinghe...
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