Reflecting a strong turnaround delivering an impressive surge in Q3 profits for the year 2019/20, the Singer Group reported consolidated profit after tax of Rs. 341.4 million, compared to Rs.17.4 million in the corresponding quarter of the previous year. The mainstays of this significant improvement was due to growth across key product categories as a…
A revival in economic activity can be anticipated in 2020 with the support of better fiscal and monetary measures, Central Bank Governor Prof W D Lakshman said. “According to available estimates, Domestic economic activities in Sri Lanka has remained subdued in the fourth quarter of 2019, but in 2020, a revival in economic activity is…
HNB Finance Limited, a licensed finance company has obtained approval from the Colombo Stock Exchange to list its voting and non-voting ordinary shares. The ordinary voting shares will be listed by way of an IPO via an Offer for Sale of 10mn shares at a price of Rs. 5.70 per share while the ordinary non-voting…
AFP – The head of the World Health Organization has warned that confirmed cases of coronavirus being transmitted by people who have never travelled to China could be the “tip of the iceberg”. Tedros Adhanom Ghebreyesus’ remarks come as members of a WHO-led “international expert mission” flew to China on Monday to help coordinate a…
The Ceylon Chamber’s Outlook 2020 Report Explores the Year Ahead. The Ceylon Chamber of Commerce launched its annual Outlook Report for 2020, at the Economy + Sector Review and Outlook 2020 event on Monday (10th). The Outlook 2020 report, published by the Economic Intelligence Unit (EIU) of the Ceylon Chamber, explores the macroeconomic and sector…
Sri Lanka Corporate Health and Productivity awards 2020’’ organized by the Chamber of Young Lankan Entrepreneurs (COYLE) together with Japan External Trade Organization (JETRO) is set to unfold on 25th of February 2020 at the Lotus Room, BMICH from 4.30 pm onwards. The awards ceremony, featuring its second edition, is considered an honest effort in…
The Sri Lanka Chamber of Medical Devices Industry (SLCMDI) held their 5th Annual General Meeting recently amid a gathering of its members and industry stakeholders. The event was held under the patronage of Minister of Health Mrs. PavithraWanniarachchi as chief guest and Prof. Harendra De Silva, Chairman of the Sri Lanka Medical Council and the…
Hotel Developers (Lanka) PLC announces the appointment of a new director board headed by former Urban Development Authority chief and Noritake Company Executive Consultant, Nimal Perera as Chairman, with effect from 24th January 2020. Other Directors appointed to the board are Ishan Priyantha Dantanarayana, P. Priyantha Deniyaya, V. Kanagasabapathy and M.K. Pradeep Kumara who will…
SriLankan Airlines carried the West Indies cricket team in to Colombo on Monday, 10th February, for its tour of Sri Lanka. The 25-member squad flew in from London on two flights, enjoying the comforts of the National Carrier’s Business Class cabin. This is the third time that the West Indies team has traveled on SriLankan…
ICRA Lanka Limited views recent developments in the hydropower sector in Sri Lanka to be credit positive for mini-hydro producers that are currently operating. The rating agency has based its assessment on three-factors, (1) availability of sufficient water flows (run off river flow) due to favourable weather conditions that prevailed last year, (2) the Ceylon Electricity Board’s (CEB’s)…
Video Story
