Sri Lanka’s National Mobile Service Provider, Mobitel, is proud to be the first to initiate the roll out of the 4.5G network to revolutionize the industry and to significantly enhance user experience for its valued customers. This strategic initiative by Mobitel positions the company to be the pioneer in the industry to upgrade its technology…
Bloomberg – PT Kalbe Farma, whose antacid drug Promag is a household name in Indonesia, is seeking a partner in Sri Lanka and eyeing the Middle East as a new market for its nutritional products. The pharmaceutical company, Southeast Asia’s biggest, will initially export its products to Sri Lanka before joining hands with a local…
Sri Lanka’s 2017 apparel performance has matched the recent forecast made by the Minister of industry and Commerce-even exceeding a little. “We expect that the final total apparel exports for entire 2017 would clearly exceed the exports of 2016, and expect it to be in the range of $ 4.7 billion” forecasted the Minister…
Janashakthi Insurance PLC says that its Board of Directors has authorized in principle the sale of all its shares held in its wholly owned subsidiary Janashakthi General Insurance Limited. The terms of sale are in the final stages of negotiations. The transaction would also be subject to the approval of the shareholders of Janashakthi Insurance…
Dipped Products Group posted Rs. 21.3 billion turnover for the 9 months of the financial year 2017/18, 20 percent increase from a year ago. Group Profit before Tax (PBT) for the period improved to Rs. 600 million from Rs. 241 million in the previous year. The Hand Protection segment contributed Rs. 12.1 billion to the…
President Maithripala Sirisena on 2nd February will declare open the Footwear and Leather Fair-2018, organized for the 10th consequent year by the Sri Lanka Footwear and Leather Products Manufacturers Association ( SLFLPMA) at the Sirimavo Bandaranaike Memorial Exhibition Centre , BMICH premises, Colombo, in the presence of the distinguish gathering which include participants from India…
Australia and Sri Lanka signed a Subsidiary Arrangement for grant assistance to work together on strengthening governance in Sri Lanka, through a four-year program valued at up to AUD 31 million (LKR3,850 million). The Governance for Growth Program aims to support Sri Lanka’s efforts to increase economic growth and spread the benefits of that…
The Central Bank of Sri Lanka issued a circulation standard commemorative currency note in the denomination of Rupees 1000 to mark the 70th Independence Celebration in the country on 04.02.2018. This is the 4th commemorative note that was issued, by the Central Bank. The size, predominant color and the security features of this commemorative currency note are same…
Reuters – Sri Lankan shares notched a near three-week closing high on Tuesday led by market heavyweight John Keells Holdings, but political uncertainty ahead of a local election next month weighed on sentiment, dealers said. Sri Lanka will hold a long-delayed local government election on Feb. 10. President Maithripala Sirisena in an election rally over…
In its capacity as an influential accounting body, CA Sri Lanka, continued to take the lead in educating member bodies in the South Asian region on the implementation of the International Financial Reporting Standards (IFRS). In this endeavor, CA Sri Lanka recently organised an IFRS training programme for members of the Association of Chartered…
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