Govt to issue no-sex casino licenses for 20-years Source:Island ECONOMYNEXT –Sri Lanka’s President Ranil Wickremesinghe has published rules to regularise gaming under a 2010 law, issuing licenses for up to 20 years, according to two gazette notices.A five year renewable license would cost 500 million rupees. Businesses could also apply for longer periods in multiples of five years up to 20 years with fees paid up front.Licenses would have to make sure that “soliciting for the purpose of prostitution” does not take place within the premises.Drunken or disorderly behavior will also not be allowed. Sri Lanka enacted a Casino Business (Regulation) Act in 2010 but no rules were issued to regulate or to bring existing casinos under the law. Sri Lanka has at least two operating casinos.John Keells Holdings Cinnamon Life was among projects which were planned with a Casino. ...
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COMMERCIAL BANK WINS ACCA BEST SUSTAINABILITY REPORTING AWARD DIALOG FIRST RUNNER UP Fifteen awards presented across seven industry categories for 2021 Colombo Sri Lanka February 23rd 2022 – Commercial Bank of Ceylon came up trumps in the sustainability stakes when it won the overall award for the Best Sustainability Report 2021, while Dialog Axiata was adjudged overall first runner up at the CCA Sustainability Reporting Awards 2021. Commercial Bank also topped the Banking category in which Seylan Bank and National Development Bank (NDB) were joint runners up. Dialog Axiata won the General Services Category. Hayleys and John Keells Holdings were the winner and runner up respectively in the Conglomerates & Diversified category, while Alliance Finance won the Financial Services & Insurance category with the runner up being Citizens Development Business Finance. Aitken Spence Hotel Holdings won the Leisure & Connected Services category, Talawakelle Tea Estates and Dilmah Ceylon Tea ...
Feb 24, 2022
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Tagged ACCA Sustainability Reporting Awards 2021, Commercial Bank, Dialog Axiata, Dulani Sirisena, Hayleys, John Keells Holdings, Justice K Sripavan
TRI-ZEN reports surging demand as project crosses 45% completion A combination of attractive interest rates and the launch of real estate-focused financial products is leading a trend towards investing in apartments, according to John Keells Holdings Vice President, Head of Sales and Marketing (Property Group), Nadeem Shums. Sri Lanka’s financial sector has reached a phase of low interest rates – for fixed income products and housing loans. Together with strong underlying demand for condominium properties, the developer reported a surge in demand from investors on the look-out for stable, high yielding investments. “Despite the challenges arising from the pandemic, the real-estate sector has continued to perform well. We have also made steady progress on construction with the towers ascending to the 39th floor. You can now start to see TRI-ZEN taking shape and transforming Colombo’s skyline,” Shums stated. ...
John Keells Stock Brokers (JKSB) – Sri Lanka – STOCK MARKET WEEKLY – STOCK MARKET WEEKLY 09-07-2021 Brought to you by – John Keells Stock Brokers (JKSB) John Keells Stock Brokers (JKSB) is a leading equity brokerage house in Sri Lanka and is a subsidiary of John Keells Holdings PLC (JKH), the largest listed entity on the Colombo Stock Exchange (CSE). We are one of 15 founding members of the Colombo Stock Exchange and our history in equity trading dates back to 1896. We are widely regarded in the industry for good governance practices with an emphasis on compliance and regulations. Our core sales and research staff have been engaged with the firm for a period of 10 – 25 years. Over the years this has helped JKSB develop strong and lasting relationships with our core client base of Foreign Funds/Individuals, Local Institutions and HNWI’s. This has contributed to ...
Jul 9, 2021
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Tagged Colombo Stock Exchange, JKSB, John Keells Holdings, John Keells Stock Brokers
Hyundai hands over ‘The Suites’ and ‘The Offices’ at Cinnamon Life to John Keells Properties Cinnamon Life, John Keells Properties’ iconic mixed-development project, is ever closer to redefining Colombo’s skyline with the completion of its plush residential tower ‘The Suites’ at Cinnamon Life and the state-of-the-art office tower, ‘The Offices’ at Cinnamon Life. With its construction now complete, the 196-unit apartment building and the 30 storey office tower were ceremoniously handed over to John Keells Holdings (JKH) Chairman Mr. Krishan Balendra by Mr. T.H. Kim – Project Director of the Contractor HKN (a joint venture between Hyundai, Keangnam and Nawaloka). Speaking at the event, Mr. Balendra said the completion of ‘The Suites’ and ‘The Offices’ at Cinnamon Life heralds a new beginning for the city of Colombo. ...
Apr 16, 2021
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Tagged John Keells Holdings, Nayana Mawilmada, Yasindu Wijayawickrama
John Keells Stock Brokers (JKSB) – Sri Lanka – STOCK MARKET WEEKLY – Week Ending, Friday, December 11, 2020 John Keells Stock Brokers (JKSB) – Sri Lanka – STOCK MARKET WEEKLY – Week Ending, Friday, December 11, 2020 Brought to you by – John Keells Stock Brokers (JKSB) John Keells Stock Brokers (JKSB) is a leading equity brokerage house in Sri Lanka and is a subsidiary of John Keells Holdings PLC (JKH), the largest listed entity on the Colombo Stock Exchange (CSE). We are one of 15 founding members of the Colombo Stock Exchange and our history in equity trading dates back to 1896. We are widely regarded in the industry for good governance practices with an emphasis on compliance and regulations. Our core sales and research staff have been engaged with the firm for a period of 10 – 25 years. Over the years this has ...
