Sri Lankan shares fall to 3-1/2-month closing low; banks drag
Reuters – Sri Lankan shares fell for the ninth straight session on Wednesday, posting their lowest close in three-and-a-half months, with banks such as Hatton National Bank leading the fall. The...
View ArticleCeylon Tobacco Company Recognized as the Second Most Efficient Factory in BAT
Ceylon Tobacco Company PLC (CTC), a member of the British American Tobacco (BAT) was recently recognized as the second most efficient factory among BAT’s subsidiaries across the globe. Speaking on this...
View ArticleAnnual License Fee and Excise duty non potable spirit
The Government has imposed an Annual License Fee of Rs 50,000 for import of non potable spirit and therefore the Treasury has imposed an Excise Duty of Rs 25 for one liter of Methanol Spirit with...
View ArticleSinger Group Revenue crosses Rs. 25 Billion at half year
Singer (Sri Lanka) PLC announced today its results for the first half of 2017. Despite tough business conditions, the results for the six months ending 30th June 2017, showed a good Revenue growth of...
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Citrus Leisure offers fun in the sun for the whole family
For those planning their August holidays, there is no need to look further than Citrus Leisure, which has a host of fun activities arranged with the entire family in mind, starting August 1st 2017....
View ArticleCDS relocates operations to Rajagiriya to support expansion
In a move aimed at supporting the expansion planned for the organization going forward, Central Depository Systems (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE),...
View ArticleSri Lankan shares recover from over 3-mth low on bargain hunting
Reuters – Sri Lankan shares recovered from a three-and-a-half month low on Thursday, snapping a nine-session losing streak, as investors bought battered shares. The Colombo stock index rose 0.16...
View ArticleDialog Posts Strong Q2 Amidst External Challenges, Tax Remittances up 13%
Dialog Axiata PLC announced its consolidated financial results for the six months ended 30th June 2017. Financial results included those of Dialog Axiata PLC (the ‘Company’) and of the Dialog Axiata...
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7 things to consider in buying a new smartphone in 2017
Smartphones these days have become an integral part of everyday life and are used not for just communication but for taking pictures, saving documents on cloud, internet browsing and even as a power...
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LSEG Sri Lanka wins two prestigious CEO Awards
The London Stock Exchange Group – Sri Lanka (LSEG SL) was feted with two prestigious awards at the recently concluded Annual LSEG CEO Awards, taking top honours in the categories for Responsible...
View ArticleProparco grants €20 million loan to DFCC Bank to promote alternate energy...
Reaffirming its credentials as a preferred partner for international credit lines, DFCC Bank has been granted a long term loan of €20 million by Proparco, a subsidiary of Agence Française de...
View ArticleJanashakthi Bags Inter-Insurance Company Cricket Title
Team Janashakthi Insurance PLC emerged champions at the “Hema Wijeratne” Challenge Trophy 2017 held at the Colombo Colts Cricket Ground recently. 19 teams, including a joint team from the Sri Lanka...
View ArticleSri Lanka and Malaysia to boost economic ties
Malaysia and Sri Lanka reiterated a keen desire to build on the outcomes of the recent highest level engagements and to achieve concrete progress on the decisions taken. This was discussed during a...
View ArticleGovernment to promote Safe Adventure Tourism
Since April, 2017 the government has been working with various stakeholders to uplift the Adventure Tourism services in Sri Lanka by formulating new policies. As a result, they have come up with a new...
View ArticleIASL announces the approach of NAFLIA
The Insurance Association of Sri Lanka (IASL ) has announced that the annual National Forum for Life Insurance Advisors (NAFLIA) will be held on the 17th of August 2017 at the BMICH. Held for the 8th...
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Waters Edge initiates Dengue prevention campaign
As the dengue menace continues to spread across Sri Lanka overcrowding hospitals and claiming lives, many as a nation are coming together in a massive effort to eradicate the disease. Joining in this...
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Eco Team appointed as Exclusive Dealer for World-Class Swarovski Binoculars
The beauty of nature is best experienced firsthand. Sri Lanka despite being a small island is blessed with bio-diversity that ranges from lush green mountains to rain forests, arid dry zones and of...
View ArticleSouth Asian Technologies announces partnership with Carbon Black
~ Introduces next-generation Endpoint Security SaaS Offering South Asian Technologies (Pvt) Ltd. (SAT), a leading distributor of ICT products, announced its appointment as a National Value Added...
View ArticleHitachi named a Leader in the Gartner Magic Quadrant for Solid-State Arrays
~ Hitachi moves from Challengers Quadrant to Leaders Quadrant; Evaluation based on ability to execute and completeness of vision Hitachi Data Systems (HDS), a wholly owned subsidiary of Hitachi, Ltd....
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PickMe expands operations to Kandy
In a strategic move to expand its presence across the country, Sri Lanka’s leading taxi-hailing app PickMe officially launched its brand in the city of Kandy on 15 July 2017. The official launch came...
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