Maersk Line announced that the company has restarted its shipping operations to the Republic of Maldives on the heels of rapidly growing market and meeting customer needs. The world’s largest container shipping company introduced a weekly service between Colombo and Male offering better connectivity through their best-in-class network. The initiative also aims to provide a…
Sri Lanka Telecom PLC released its Group financial performance for the six months ending 30th June 2018, today. The Group, inclusive of the Holding Company comprises of 8 subsidiaries including the mobile arm Mobitel (Pvt) Ltd. SLT Group continued its growth momentum across all key business areas including Fixed, Mobile, Broadband, Enterprise solutions, Wholesale and…
Reuters – Sri Lankan shares ended marginally lower on Friday, pulling away from their highest close in more than two weeks, while foreign buying in market heavyweight John Keells Holdings boosted turnover. The Colombo stock index fell 0.23 percent to 6,141.55 points from its highest close since July 25 hit in the previous session. The…
The fastest growing Sri Lankan commercial bank, Pan Asia Banking Corporation PLC reported its best ever profit recorded in a first half in 2018 anchored by solid growth in new loans, prudent margin and asset-liability management. For the six months ended in June 30, 2018 (1H’18), the bank reported a profit after tax of Rs.819.6…
Airbnb partners with SLTDA to sign first strategic partnership in Sri Lanka Launches over 40 bookable experiences across Sri Lanka, designed and led by locals Airbnb and the Sri Lanka Tourism Development Authority (SLTDA), the national tourism ministry, announced a strategic partnership to launch Airbnb Experiences in Sri Lanka and drive local, authentic and…
Leading diversified conglomerate, Hayleys PLC, generated strong top-line performance across all of its key business verticals resulting in a 74% Year-on-Year (YoY) increase in revenue up to Rs. 50.6 billion during the quarter ended 30th June 2018 (1Q19). The Group’s first quarter results reflect a significant expansion in turnover led by its Consumer & Retail , Transportation &…
Reuters – Sri Lankan shares rose for a second straight session on Thursday and posted their highest close in more than two weeks, as foreign investors continued to buy into market heavyweight John Keells Holdings after recent selloff. The Colombo stock index closed 0.57 percent higher at 6,155.41, its highest close since July 25. The…
Reuters – The Sri Lankan rupee closed marginally weaker on Thursday on importer dollar demand, while dealers expect the local currency to stabilise around the current level in the short term. The rupee, which hit an intraday low of 160.10 per dollar, ended at 159.95/160.10, compared with Wednesday’s close of 159.90/160.00. It hit a record…
The University of Calgary in Canada today signed agreements with two of Sri Lanka’s top universities to collaborate on educational and research activities and exchanges of students, faculty and staff, with the next planned step of exploring a PhD Cotutelle program (dual degree program) between University of Calgary and the two Sri Lankan universities. University…
Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) reported top line growth of 8.0% YoY to stand at Rs.5.6 billion during the first quarter of the current financial year (1QFY19). The top line increase was mainly by strong performances in consumer and healthcare sectors, and despite a slight degrowth within the agribusiness sector. Profit…
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