The Gem & Jewelry Industry of Sri Lanka gears for the 28th edition of its premier exhibition, FACETS Sri Lanka 2018, which will be held from the 30th of August to the 2nd of September at the BMICH. This International event is organized by the Sri Lanka Gem & Jewelry Association (SLGJA) in collaboration with…
Sri Lanka Cricket raised the wages of national players by 34-pct for the period of 2018/19, following strong results achieved during the concluded financial year. Apart from the pay raise, the 33 contracted players will also be given a raise in match fees covering all match formats. “Since, Sri Lanka Cricket has made good financial…
As Hayleys PLC crosses US $ 1 billion revenue in the Financial Year (FY) 2017/2018, the company’s single largest shareholder Billionaire Kulappuarachchige Don Dhammika Perera will earn over Rs. 189 million this year as dividend income for the 50.44% percent stake or over 37 million voting ordinary shares he owns in the company. Company on…
The wealth of Billionaires, Millionaires and Mass Affluent (Those individuals with net assets of between US $ 100,000 and US $ 1 million) in Sri Lanka grew by 133% from 2007 in a decade and 20% in a year from last year, highlights the AFRASIA Bank, in its recent Global Wealth Migration Review. The report…
Launches Corporate Policy on Fauna & Flora SriLankan Airlines, long in the forefront of global conservation efforts, launched a new ‘Corporate Policy on the Carriage of Fauna & Flora on Board SriLankan Aircraft’ on 22nd May 2018, to strengthen its numerous initiatives on species smuggling. Captain Suren Ratwatte, CEO of SriLankan, said: “We believe that…
Building on a strong momentum gathered over the final quarter of FY 2017/18, Sri Lanka’s leading diversified conglomerate, Hayleys PLC announced a record breaking top-line performance as revenue expanded by 47% Year-on-Year to Rs. 163.2 billion during the 12 months to 31st March 2018. Supported by addition of 6 months of operations from its recently…
Reuters – Sri Lankan shares declined to a near one-week closing low on Monday, dragged by diversified stocks, as investors waited for more clarity on the political and economic front. But foreign investors bought the island nation’s risky assets on a net basis, capping the fall. The Colombo stock index ended 0.40 percent weaker at…
Sri Lanka’s Headline Inflation measured by the change in the National Consumer Price Index (NCPI, 2013=100), had reach the lowest since February 2016 decreasing to 1.6% year on year in April 2018, the Department of Census and Statistics (DCS) of Central Bank of Sri Lanka said. Previously it was reported that Headline Inflation stood at 2.8%…
Stressing the need for better management of systems and processes at the Katunayake Bandaranaike International Airport, Sri Lanka Association of Inbound Tour Operators (SLAITO) President Harith Perera said Sri Lanka should move faster on adopting automated immigration systems. “It is a widely held perception among all our industry stakeholders that BIA should be managed more efficiently…
Emerging as one the fastest growing segment within the Sri Lankan livestock sector, the island’s poultry industry continues to make substantial contributions towards the national economy, however producers warned that the staggering 250,000 MT shortfall in domestic maize production continues to drastically hamper industry growth, with the Mr. Ajith Gunasekara, President of All Island Poultry…
