Haycarb records turnover of Rs. 7.1 billion and profit before tax of Rs. 296...
The Sri Lankan multinational Haycarb PLC reported a revenue of Rs. 7.1 billion and profit before tax of Rs. 296 million for the six months ending 30th September 2017. The profit after tax stood at Rs....
View ArticleCeylon Chamber to hold Post Budget Seminar
The Ceylon Chamber of Commerce will hold a customary Post Budget Seminar on the 16th November, 2017 at its auditorium. The keynote speaker of the seminar, which would be held under the title of...
View ArticleOil rises to highest since mid-2015 on Saudi purge, tighter markets
LONDON (Reuters) – Oil prices hit their highest since July 2015 on Monday as Saudi Arabia’s crown prince cemented his power over the weekend through an anti-corruption crackdown, while markets...
View ArticleDPL First Half Records Rs.14.6 Bn Revenue
Dipped Products Group posted Rs. 14.6 billion turnover during the 1st half of the financial year, 26 percent increase from a year ago. Group Profit before Tax (PBT) for the period improved to Rs 229...
View ArticleAllianz Lanka alerts road users at unprotected railway crossings
Sri Lanka is witnessing a steady rise in the number of accidents at unprotected railway crossings, with 256 casualties and 180 deaths related to accidents associated with railroads during this year...
View ArticleSri Lankan stocks fall to 2-wk closing low; cbank rate move, budget awaited
Reuters – Sri Lankan shares fell on Monday to a two-week closing low as investors awaited the central bank’s monetary policy decision and the national budget presentation scheduled this week. The...
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Monetary Policy Review – Rates Unchanged
Considering developments in the domestic and international macroeconomic environment, the Monetary Board, at its meeting held on 06 November 2017, was of the view that the current monetary policy...
View ArticleCeylon Chamber holds private sector workshop to discuss way-forward for Sri...
The Ceylon Chamber of Commerce will hold a consultation workshop with the private sector on the 15th November 2017 to discuss strenthening preparedness and emergency response in Sri Lanka. The workshop...
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Huawei launches nova 2i in Sri Lanka
Innovation with the First Quad Camera and FullView display Huawei, the number one growing smartphone brand in Sri Lanka, launched the much-anticipated Huawei nova 2i upper mid range smartphone at a...
View ArticleHayleys turnover up by 20% YOY to Rs. 62.4 billion in 1HFY17/18
Fueled by topline growth across all of its key business segments, Hayleys PLC posted a 20% Year-on-Year (YoY) increase in turnover up to Rs. 62.4billion. The Group has continuously infused higher...
View ArticleSri Lankan stocks edge down in thin trade; budget awaited
Reuters – Sri Lankan shares inched lower on Tuesday, with trading volume slumping to a more than six-week low, as investors awaited the national budget presentation scheduled later this week. The...
View ArticleUS supports SL to become regional trade and investment hub
The United States expressed its support to develop Sri Lanka as a regional hub for trade and investment in Asia, which would connect trade flows among ASEAN, India, the Middle East, and Africa through...
View ArticleHNB Grameen Finance Ltd signs MoU with IDEAL Motors (Pvt) Ltd
HNB Grameen Finance Limited signed a Memorandum of Understanding (MoU) recently with IDEAL Motors (Private) Ltd to offer attractive leasing options for Mahindra Vehicles. As per the understanding, HNB...
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Pharma Chamber and Regulator collaborate to make strides
~ Special workshop with the objective of achieving a common goal of improving standards of Pharmaceutical Regulatory framework in Sri Lanka In an endeavor to better collaboration with the regulatory...
View ArticleCommercial Credit triumphs at LankaPay Six-A-Side Cricket Tournament
Commercial Credit recently triumphed at the LankaPay Six-A-Side Cricket Tournament 2017 by emerging champions for the second consecutive year. The Commercial Credit team faced a total of 04 teams in...
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BeWaxed to showcase first-ever Waxing Pod at Vivaha 2017
Colombo’s favourite waxing salon BeWaxed is bringing the intricacies of waxology to all brides and brides-to-be at the largest and most sought-after wedding exhibition of the year, “Vivaha 2017”. The...
View ArticleUS grants LKR 3.15 billion grant for milk industry
To develop the dairy activities in Sri Lanka, the United States announced that a USD 21 million (LKR 3.15 billion) awarded by the U.S. Department of Agriculture’s Food for Progress program, to...
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The arrival of an icon.
Fender is now available at the Yamaha Music Centre, in collaboration with Mike Audio, the official distributor for Fender in Sri Lanka. After the initial prototypes of the 40’s, Fender gave birth to...
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Investment Options Beyond Fixed Deposits and Savings Accounts
The majority of Sri Lankans invest their hard earned money in banks and finance companies in the form of fixed deposits and savings products. However, there are a number of other financial instruments...
View ArticleMinister Finalizing Budget- 2018
Minister of Finance and Mass Media Mangala Samaraweera is seen finalizing the contents of the Budget – 2018 with Dr. R.S.H. Samaratunga, Secretary to the Ministry at the ministers’ residence.
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