Positions itself as 11th Best Listed Company in Sri Lanka LMD’s ‘The 100 Club’ honoured Singer Sri Lanka PLC by ranking the retail giant as the sector leader in trading segment recently. Celebrating a legacy built on consistent vision, quality product and brand promise delivery and enhancing overall customer experience, Singer also managed to secure…
SLT Group announced its financial results for the first half of the year 2019 with a remarkable growth of 42% YoY in Operating Profit to reach Rs. 4.5 Bn. The growth momentum was driven by better management of costs and increase of revenue by 7.9% YoY to Rs. 42.6 Bn with significant contributions from its…
Leading Sri Lankan Life Insurer, Janashakthi Insurance PLC (Janashakthi), recorded impressive year on year growth of 20%in Gross Written Premium (GWP) for the six months ended 30th June 2019, ending the period with a GWP of Rs. 1.74 billion. The Company illustrated its commitment to policyholders, paying out Rs. 899.35 million in Net Benefits and…
The American Chamber of Commerce in Sri Lanka held a roundtable discussion this morning with Acting Assistant Secretary, Bureau of South and Central Asian Affairs Alice G. Wells, U.S. Ambassador for Sri Lanka and the Maldives Alaina B. Teplitz, and other key officials from the U.S. Embassy and AmCham members. The roundtable discussion, held…
Southeast Asian countries eyeing the promise of 5G connectivity to boost economic development are sticking to Chinese telecommunications giant Huawei among others. Cambodia, Indonesia, Malaysia, Philippines and Thailand, all members of the Association of Southeast Asian Nations, or ASEAN, have indicated they may allow Huawei to help build their fifth-generation mobile communications networks. The…
After more than a century of merchandising and deal-making, traders in Sri Lanka’s retail and wholesale ‘Pettah Market’ hub are vying for a bigger domain as they prepare to ink many Chamber to Chamber MoUs-and also venture into global trade. “Once we link with the Chamber by affiliation, next we will go to international affiliations”…
Amãna Bank achieved a commendable 29% YoY growth in Profit After Tax for Q2 to close the quarter with a bottom-line of Rs 162.2 million compared to Rs 125.5 million recorded in the corresponding period of 2018. Despite the higher tax regime applicable to the Banking Industry which accounted for 60% of the Banks Operating…
Sri Lanka’s Ceylon Tobacco Company PLC (CTC) in their latest quarterly financials outline that the Government increasing the Excise duty on cigarettes in August 2018 and March 2019 lead to a price increase of legal cigarettes. As a result, the Ceylon Tobacco Company’s sales volume for the second quarter ended 30th June 2019 had reduced…
HarmonyOS will deliver an intelligent experience across all user scenarios [Dongguan, China, August 9, 2019] At the Huawei Developer Conference today, Huawei launched HarmonyOS – a new microkernel-based, distributed operating system designed to deliver a cohesive user experience across all devices and scenarios. Richard Yu, CEO of Huawei’s Consumer Business Group, explained the company’s thoughts…
President Maithripala Sirisena, who is on a state visit to Cambodia, held a meeting with Cambodian Prime Minister Mr. HUN SEN Thursday (08) afternoon. President Sirisena was accorded a grand welcome on his arrival at the Peace Palace by the Prime Minister of Cambodia. The Prime Minister recalled the strong religious and cultural ties between…
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