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John Keells Group
John Keells Holdings PLC (JKH) is a Sri Lankan multinational conglomerate company. It has business interests in hotels and resorts management, port, marine fuel and logistics services, IT services, manufacturing of food and beverages, supermarkets, tea, stock broking, life insurance, banking, and real estate. JKH is a full member of the World Economic Forum and has issued Global Depository Receipts on the Luxembourg Stock Exchange, and was the first Sri Lankan company to be listed overseas. Keells is reportedly the most valuable company in Sri Lanka since the 1980s. History Edwin and George John founded John Keells in the 1870s. They incorporated the company in Colombo, Ceylon with the name E.John & Co. It was initially set up as a manufacturer of tea and essential foods. In 1948 E. John & Co. merged with two UK based companies including Thompson and White & Co. Ltd. In 1960, it merged with yet another broking company, Keells & Waldock. The merged entity was known as John Ke ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cinnamon Grand Colombo
The Cinnamon Grand Colombo, trading as Asian Hotels and Properties PLC and formerly called the Hotel Lanka Oberoi, is a luxury five-star hotel in Colombo, Sri Lanka. The Cinnamon Grand is located at 77 Galle Road, Kollupitiya, Colombo. History The construction of Hotel Lanka Oberoi began in 1973. The hotel commenced operations in 1975. It was the first hotel located outside India of Oberoi Hotels. The hotel was constructed on the land where the Bishop of Church of Ceylon resided until the 1970s. The atrium of the hotel was designed by Skidmore, Owings & Merrill. Until then, only Hyatt Regency Atlanta had such an architectural feature. On 28 January 1984, a bomb exploded in the hotel, then called the Hotel Lanka Oberoi. One employee was killed. The operators of the hotel, Oberoi Hotels agreed with Asian Hotels, the owner of the hotel, to terminate the management agreement in 2003. The hotel was relaunched as Colombo Plaza Hotel after that. In the same year, John Keells Holdi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Global Depository Receipt
A global depository receipt (GDR and sometimes spelled ''depositary'') is a general name for a depositary receipt where a certificate issued by a depository bank, which purchases Share (finance), shares of foreign companies, creates a Security (finance), security on a local Stock exchange, exchange backed by those shares. They are the global equivalent of the original American depositary receipts (ADR) on which they are based. GDRs represent ownership of an underlying number of shares of a foreign company and are commonly used to invest in companies from developing or emerging markets by investors in developed markets. Prices of global depositary receipt are based on the values of related shares, but they are traded and settled independently of the underlying share. Typically, 1 GDR is equal to 10 underlying shares, but any ratio can be used. It is a negotiable instrument which is denominated in some freely convertible currency. GDRs enable a company, the issuer, to access invest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colombo Stock Exchange
The Colombo Stock Exchange (CSE) (; ) is the main stock exchange in Sri Lanka that utilizes an electronic trading platform. The CSE headquarters have been located at the World Trade Center (Colombo) Towers in Colombo since 1995, and it has regional branches in Kandy, Jaffna, Negombo, Matara, Kurunegala, Anuradhapura and Ratnapura. The CSE trades 296 companies representing 20 business sectors, with a combined market capitalization of 3,699 billion Sri Lankan rupees. On 1 September 2021, turnover surpassed 14 billion and the All Share Price Index (ASPI) surpassed 9000 points for the first time when it closed at a record high of 9,163.13 points. History Share trading in Sri Lanka was initiated in 1896 under the Share Brokers Association (SBA). The Colombo Brokers' Association began auctioning land shares in 1904 and gradually became the SBA's competitor. The two organizations combined to form the Colombo Securities Exchange in 1985. The establishment of a formal stock exchang ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Citigroup
Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank, and The Travelers Companies, Travelers; Travelers was spun off from the company in 2002. Citigroup is the List of largest banks in the United States, third-largest banking institution in the United States by assets; alongside JPMorgan Chase, Bank of America, and Wells Fargo, it is one of the Big Four (banking)#United States, Big Four banking institutions of the United States. It is considered a Systemically important financial institution, systemically important bank by the Financial Stability Board, and is commonly cited as being "too big to fail". It is one of the eight global investment banks in the Bulge Bracket. Citigroup is ranked 36th on the Fortune 500, ''Fortune'' 500, and was ranked #24 in Fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tourism In Sri Lanka
Sri Lanka is a popular tourist destination. Tourism is a key industry that attracts international tourists yearly. Foreigners visit Sri Lanka to see nature, wildlife, historical monuments, and indigenous culture. In 2018, tourist arrivals peaked at 2.5 million, who spent a total of US$5.6 billion in the country. However, the COVID-19 pandemic caused tourist numbers to decrease by 92% in 2020. As of 2022, tourist numbers have not rebounded from the pre-crisis high. The government is attempting to attract foreign investment in the country's tourism industry, which began in earnest after the end of the Sri Lankan Civil War in 2009. Tourism The government initiatives in the development of tourism date back to 1937 when the Ceylon Tourist Bureau was established. However, it was closed down in September 1939 due to World War II. After Sri Lanka's independence the promotion of tourism was again considered by re-establishing the Ceylon Tourist Board which took over the function of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Keells & Waldock
Keells is a Sri Lankan supermarket chain operated by Jaykay Marketing Services (Pvt) Ltd., a subsidiary of the John Keells Holdings, John Keells Group. Established in 1991, Keells has grown to operate 135 outlets across the country, positioning itself as one of the leading retail chains in Sri Lanka alongside other retailers such as Cargills (Ceylon), Cargills, Glomark, Spar, and Arpico Super Centre, Arpico. The company is headquartered in Colombo 2 - Slave Island, Colombo 2, Sri Lanka, and offers a wide range of products, including fresh produce, groceries, bakery items, and ready-to-eat meals. The company employs over 5,000 people and works closely with local farmers and suppliers, sourcing fresh produce through 9 collection centers distributed across the country. These products are then managed through a 260,000-square-foot distribution center, which allows Keells to ensure that fresh produce reaches stores within 24 hours. The supermarket chain also operates 130 SLSI-certifi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The UK includes the island of Great Britain, the north-eastern part of the island of Ireland, and most of List of islands of the United Kingdom, the smaller islands within the British Isles, covering . Northern Ireland shares Republic of Ireland–United Kingdom border, a land border with the Republic of Ireland; otherwise, the UK is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. It maintains sovereignty over the British Overseas Territories, which are located across various oceans and seas globally. The UK had an estimated population of over 68.2 million people in 2023. The capital and largest city of both England and the UK is London. The cities o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Ceylon
British Ceylon (; ), officially British Settlements and Territories in the Island of Ceylon with its Dependencies from 1802 to 1833, then the Island of Ceylon and its Territories and Dependencies from 1833 to 1931 and finally the Island of Ceylon and its Dependencies from 1931 to 1948, was the British Empire, British Crown colony of present-day Sri Lanka between 1796 and 4 February 1948. Initially, the area it covered did not include the Kingdom of Kandy, which was a protectorate, but from 1817 to 1948 the British possessions included the whole island of Ceylon, now the nation of Sri Lanka. The British Ceylon period is the history of Sri Lanka between 1815 and 1948. It follows the fall of the Kingdom of Kandy, Kandyan Kingdom into the hands of the British Empire. It ended over 2300 years of Sinhalese monarchy rule on the island. The British rule on the island lasted until 1948 when the country regained Sri Lankan independence movement, independence following the Sri Lankan inde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Economic Forum
The World Economic Forum (WEF) is an international non-governmental organization, international advocacy non-governmental organization and think tank, based in Cologny, Canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer Klaus Schwab. The foundation's stated mission is "improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas". The foundation is mostly funded by its 1,000 member Multinational corporation, multi-national companies. The WEF is mostly known for its annual meeting at the end of January in Davos, a mountain resort in the canton of Graubünden, in the eastern Alps region of Switzerland. The meeting brings together some 3,000 paying members and selected participants – among whom are investors, business leaders, political leaders, economists, celebrities and journalists – for up to five days to discuss list of global issues, global issu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conglomerate (company)
A conglomerate () is a type of multi-industry company that consists of several different and unrelated List of legal entity types by country, business entities that operate in various industries. A conglomerate usually has a Holding company, parent company that owns and controls many Subsidiary, subsidiaries, which are legally independent but financially and strategically dependent on the parent company. Conglomerates are often large and Multinational corporation, multinational corporations that have a global presence and a diversified portfolio of products and services. Conglomerates can be formed by merger and acquisitions, Corporate spin-off, spin-offs, or joint ventures. Conglomerates are common in many countries and sectors, such as Media (communication), media, Finance, banking, Energy industry, energy, mining, manufacturing, retail, Arms industry, defense, and transportation. This type of organization aims to achieve economies of scale, market power, Risk management, ris ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sri Lanka
Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka, also known historically as Ceylon, is an island country in South Asia. It lies in the Indian Ocean, southwest of the Bay of Bengal, separated from the Indian subcontinent, Indian peninsula by the Gulf of Mannar and the Palk Strait. It shares a maritime border with the Maldives in the southwest and India in the northwest. Sri Jayawardenepura Kotte is the legislative capital of Sri Lanka, while the largest city, Colombo, is the administrative and judicial capital which is the nation's political, financial and cultural centre. Kandy is the second-largest urban area and also the capital of the last native kingdom of Sri Lanka. The most spoken language Sinhala language, Sinhala, is spoken by the majority of the population (approximately 17 million). Tamil language, Tamil is also spoken by approximately five million people, making it the second most-spoken language in Sri Lanka. Sri Lanka has a population of appr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
