Saudi Arabian national petroleum and natural gas company generated net income of $111.1 bn in 2018 Saudi Aramcowas the world’s most profitable company in 2018, easily surpassing US behemoths including Apple and Exxon Mobil, according to accounts published by ratings agencies before the firm’s debut in the international bond market. Yet the Saudi kingdom’s influence…
Reuters – The Sri Lankan rupee closed firmer for a fifth straight session on Monday, helped by dollar inflows from inward remittances ahead of the traditional new year celebrations, market sources said, while stocks ended higher. ** The currency rose 0.4 percent to end at 174.70/85 to the dollar, up from Friday’s close of 175.35/50….
Says company intends to spend US $ 100 Bn for R&D in total for next 5 years Ren Zhengfei, CEO and Founder of Huawei, recently said that 2019 could be a difficult year for Huawei, and however the company, is targeting US $ 125 billion in revenue for the whole year. Huawei has not…
Lakmini Wijesundara, Co-founder and CEO of IronOne Technologies and BoardPAC in Sri Lanka was chosen as the SAARC Woman Entrepreneur for the year 2018 from a pool of exemplary women entrepreneurs in the South Asian region at a glittering ceremony recently. Aspiring to create strong role models in South Asia with the belief that every…
Reuters – The Sri Lankan rupee closed 0.4 percent stronger on Friday as dollar inflows from inward remittances ahead of the traditional new year celebrations helped bolster the local currency, market sources said, while stocks ended firmer. ** The currency extended gains into a fourth session to end firmer at 175.35/50 to the dollar, up…
The Colombo Stock Exchange (CSE) and the Dhaka Stock Exchange (DSE) jointly announce the signing of a Memorandum of Understanding (MoU) to formalize collaborative efforts directed at mutual development. The MoU will pave the way for a greater level of information exchange between the two stock exchanges and will focus on product development, capacity building…
The famous brand owner of ‘Arpico’ and Richard Pieris and Company PLC Chairman, billionaire Dr. Sena Yaddehige has been charged with insider dealing by the Securities and Exchange Commission (SEC), with the matter currently at the Fort Magistrate’s Court, a recent media report said. Accordingly based on the findings of investigation bearing reference number…
Under an accelerated program to empower the freshwater fishers, over 90,000 fish fingerlings were stocked in the Weerawila Reservoir recently under the patronage of State Minister of Fisheries and Aquatic Resources Development Dilip Wedaarachchi, a report said. Accordingly, the Weerawila reservoir is stocked with fish fingerlings with a high yield and a high demand and…
Following on the commemoration of 130 years serving as a partner in progress to Sri Lankans from all walks of life, representatives from the country’s most successful retail bank, HNB PLC, participated in the CSE bell ringing ceremony to open the trading day. Currently the fifth most capitalized stock on the Colombo Stock Exchange,…
Sri Lanka’s Ministry of Finance recently said that the Enterprise Sri Lanka loan scheme has disbursed over Rs.78.62 billion among young entrepreneurs across Sri Lanka to date. “Under the Enterprise Sri Lanka program implemented according to a concept of Finance Minister Mangala Samaraweera with the objective to produce 100,000 entrepreneurs, 46,673 loans have been…
Video Story
