New Delhi, Apr 12 India Sotheby’s International Realty, which is into advisory services for luxury properties, has signed an exclusive master franchisee to expand Sotheby’s brand in Sri Lanka. The company, an exclusive master franchisee of US-based Sothebys International Realty, will do business as …
Six Cabinet Ministers from President Maithripala Sirisena’s Sri Lanka Freedom Party (SLFP) quit the national unity government on Wednesday, days after they voted in favour of a no-confidence motion against Prime Minister Ranil Wickremesinghe in Parliament. Late Wednesday, the senior Ministers …
[COLOMBO] Six ministers quit Sri Lanka’s troubled coalition government, forcing Prime Minister Ranil Wickremesinghe to patch up his cabinet Thursday ahead of a wider reshuffle. Mr Wickremesinghe gave the duties of the six Sri Lanka Freedom Party (SLFP) ministers to four other members of his …
With the opening of SPAR in Sri Lanka, SPAR International celebrates the launch of the brand in 6 countries across Asia and the 48th country worldwide. The newly established SPAR Sri Lanka benefits from the globally renowned SPAR Brand, providing shopp…
COLOMBO, April 12 (Reuters) – The Sri Lankan rupee edged down on Thursday on importer dollar demand in light trading ahead of a long weekend and a traditional festival this week, dealers said. Markets will be closed for a public holiday on Friday on ac…
Central Bank says it raised 2.5 billion dollars in the international market through a sovereign bond issuance. It marked Sri Lanka’s return to the US dollar bond markets. The funds were raised from $ 1.25 billion 5-year and $ 1.25 billion 10-year Senior Unsecured Fixed Rate Notes with maturity dates of …
Spar International will make its entry into the Sri Lankan market with ‘ambitious plans’ to open 50 new stores by 2033. The expansion will be helmed by Spar Sri Lanka (Pvt) Ltd, a partnership between Spar South Africa and Ceylon Biscuits Limited. The partnership was launched at the grand opening of …
In a joint operation against illegal migration, the Azerbaijani State Migration Service and the State Border Service have detained five Sri Lanka citizens. The investigation revealed that citizens of Sri Lanka arrived in Azerbaijan in order to illegall…
The Sri Lanka Navy on Thursday caught three people for attempting to smuggle 24.2 kg of gold from the country via sea. The three Sri Lankans were detained in the sea north of Mannar in the island’s north, Xinhua news agency reported. The Navy said the 242 gold biscuits, each weighing 100 grams, …
COLOMBO, April 12 (Reuters) – China Communication Construction Company (CCCC) will invest $800 million to build an underground road network to Sri Lanka’s Port City, a $1.4 billion project built on reclaimed land, a government minister said. The plan, for which an agreement has already been …