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FACETS to Glitter in September

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…

(0)Comments | May 22, 2018 10:36 pm

Sri Lanka Cricket raise wages of national players, following a strong financial year

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…

(0)Comments | May 22, 2018 5:22 pm

Hayleys single largest shareholder Dhammika Perera to earn over Rs. 189 Million as Dividend Income

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…

(0)Comments | May 22, 2018 3:42 pm

Sri Lankans’ private wealth grew by 20% in a year, up by 133% in a decade – AFRASIA BANK report

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…

(0)Comments | May 22, 2018 12:46 pm

SriLankan Airlines strengthens efforts against international species smuggling

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…

(0)Comments | May 22, 2018 11:40 am

Hayleys becomes first listed Sri Lankan company to cross US$ 1 billion turnover in FY2017/18

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…

(0)Comments | May 22, 2018 8:08 am

Sri Lankan shares fall to near 1-week closing low

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…

(0)Comments | May 22, 2018 7:40 am

Headline Inflation lowest in 26 Months, Decreases to 1.6% in April – Central Bank

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%…

(0)Comments | May 22, 2018 7:37 am

Tour Operators Propose Automated Immigration At BIA

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…

(0)Comments | May 21, 2018 5:28 pm

All Island Poultry Association calls for urgent Government intervention to regulate Maize distribution

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…

(0)Comments | May 21, 2018 1:42 pm