Sri Lankan shares rise; up 2.3 pct in 2017
Reuters – Sri Lankan shares rose for a sixth straight session in muted trade on Friday, ending 2017 with a modest 2.3 percent gain after two consecutive annual losses. The Colombo Stock Index edged up...
View ArticleClarification on the US GSP program
The United States’ Generalized System of Preferences (GSP) program will expire on 31st December, 2017, and all those importing GSP eligible goods to the USA, from Sri Lanka as well as all other...
View ArticleDeadline to exchange defect currency notes extended till March 31
Central Bank of Sri Lanka (CBSL) in considering the immense requests from the general public and the difficulties that the general public is facing in exchanging willfully defaced currency notes at...
View ArticleCargills Bank appoints Rajendra Theagarajah as Managing Director / Chief...
Cargills Bank Limited announces the appointment of Rajendra Theagarajah as its Managing Director/Chief Executive Officer from 1st January 2018. Theagarajah is not a stranger to Cargills Bank having...
View ArticleSLT to issue LKR 5.0 Billion Debentures
Sri Lanka Telecom PLC (SLT), a blue-chip company and a dominant player in the Sri Lankan Telecom and Information Technology Enabled Services (ITES) space, announced today that the directors of the...
View ArticleCompass Group chief, five others killed in Sydney seaplane crash
SYDNEY/LONDON (Reuters) – The chief executive of British catering giant Compass Group Plc and four members of his family were killed when the seaplane they were flying in crashed into a Sydney river on...
View ArticleChanges at the top in John Keells Holdings PLC
John Keells Holdings PLC, one of the largest listed companies in Sri Lanka announced several changes in its Board of Directors. Two of the Company’s Executive Directors, Ajith Gunawardene and Ronnie...
View ArticleRegulatory action taken by the Central Bank of Sri Lanka on ETI Finance Ltd...
The Monetary Board of the Central Bank of Sri Lanka at its meeting held on 01.01.2018, having considered the weak financial performances of the ETI Finance Ltd. (ETIF) and Swarnamahal Financial...
View ArticleFitch Rates Sri Lanka Telecom’s Debenture ‘AAA(lka)(EXP)’
Fitch Ratings-Singapore/Colombo-02 January 2018: Fitch Ratings has assigned Sri Lanka Telecom PLC’s (SLT, AAA(lka)/Stable) proposed senior unsecured debenture issue of up to LKR7 billion an expected...
View ArticleBeWaxed to open luxurious waxing salon at ‘The Mall at One Galle Face’
Sri Lanka’s premier waxing salon BeWaxed will feature among top-notch luxurious brands at “THE MALL at ONE GALLE FACE”. Due to open in 2019, THE MALL will be a welcome addition to a growing metropolis...
View ArticleSLCPI welcomes move by Ministry of Health in increasing price of drugs by 5%
The Sri Lanka Chamber of the Pharmaceutical Industry (SLCPI) in a statement to media said they were grateful for the effective action taken by the Ministry of Health in increasing the price of drugs by...
View ArticlePuritas Sath Diyawara of Hayleys Group wins National Energy Globe Award Sri...
Puritas a subsidiary of Haycarb PLC and a member of Hayleys Group was presented with the National Energy Globe Award Sri Lanka 2017 in recognition of its efforts to provide quality drinking water for...
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Colombo Coffee Company brews for Shangri-La Colombo
The flag carrier for Lavazza Coffee and the only total coffee solutions provider in Sri Lanka, Colombo Coffee Company in another pioneering venture recently partnered with the exclusive Shangri-La...
View ArticleCargills Bank opens doors to Kaduruwela
Cargills Bank opened its new branch in Kaduruwela on the 28th of December 2017, located at no. 896, Nidahas Swarna Jayanthi Mawatha, Kaduruwela. This reflects the bank’s regional investment focussing...
View ArticleSri Lankan shares firm up on large caps; lower rates boost sentiment
Reuters – Sri Lankan shares rose for a seventh straight session to hit a near five-week closing high on Tuesday as investors picked up large caps, with sentiment expected to remain positive after the...
View ArticleCabinet approval for issuing two dollar bonds
The Cabinet has approved proposals for the issuance of Sri Lanka Development Bonds and International Sovereign Bonds under the Public Borrowing Program 2018. The Sri Lankan Government said that the...
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edotco Unveils ‘Smart Lamp Pole’ Initiative
Project to contribute to bolstering Sri Lanka’s telecom and energy sectors edotco Group Sdn Bhd (“edotco”), a global leader in integrated telecommunications infrastructure services, recently...
View ArticleSri Lankan shares rise on banks, diversified stocks
Reuters – Sri Lankan shares rose for an eighth straight session to hit a six-week closing high on Wednesday, as investors picked up banks and diversified shares, with sentiment expected to remain...
View ArticleMaliban Shines at World Branding Awards 2017-18
Reiterating its excellence in delivering innovative quality products and services, Maliban Biscuits Manufactories (Pvt.) Ltd, Sri Lanka’s most trusted and renowned biscuit manufacturer, was feted with...
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Heralding the New Year at Galle Face Hotel
The Galle Face Hotel heralded the New Year with a traditional celebration together with all team members. Chairman and Owner Mr. Sanjeev Gardiner and his mother Mrs. Mavis Gardiner also graced the...
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