Sri Lanka had earned over US $ 478 million from Tea Exports from January to April 2018, which is only second to the 2014 record of US $ 508.7 million, a latest Tea Market report by Asia Siyaka Commodities PLC points out. Accordingly this marks the highest earning in quarter during the last 4 years…
Communications devices are prohibited within the Player and Match Officials Area (PMOA) Regulations The International Cricket Council (ICC) confirmed that under the Player and Match Officials Area (PMOA) Regulations, smart watches are not permitted to be worn on the field and in areas designated as PMOA. Communications devices are prohibited within the PMOA and no…
Nawaloka Air Services, a fully-owned subsidiary of the Nawaloka Holdings recently tied up with one of the most prestigious universities in South Korea to provide exceptional aviation related study programmes to Sri Lankan students. Hanseo University is a private university which was established in 1991. The aviation school was added a decade later in 2001,…
Piramal Glass Ceylon PLC (PGC) completes yet another challenging year with a turnover of Rs.6,816 Mn & PAT of Rs.344 Mn. Whilst the turnover increase was marginal when compared to the previous year, it was the highest ever turnover recorded by the company. A total revenue achieved for the year was Rs.6,816 Mn as against…
Adjudged ‘Best Transaction Bank in Sri Lanka’ and ‘Best Trade Finance Bank in Sri Lanka’ The Commercial Bank of Ceylon has been honoured with the awards for ‘The Best Transaction Bank in Sri Lanka’ and ‘The Best Trade Finance Bank in Sri Lanka’ at the 2018 Asian Banker Transaction Awards, adding two more prestigious titles…
Capital Alliance (CAL) has signed an MoU with AKD Securities Limited and Pakistan and Lanka Bangla Securities Limited in Bangladesh with the objective of providing investors with a single investment platform via which they can access South Asia’s leading frontier markets. The MoU, which comes against the backdrop of the successful inaugural South Asia Investor…
Reuters – Sri Lankan shares closed slightly weaker on Friday as investors sold diversified stocks such as John Keells Holdings Plc, while block deals boosted turnover. Local Investors continued to stay on the sidelines as they waited for some cues about the real impact of floods, while worries over a weaker rupee, political uncertainty and…
Billionaire Harry Jayawardena controlled Melstacorp PLC in disclosure to Colombo Stock Exchange (CSE), said that company has entered into a joint venture agreement with effect from 18th May 2018 with Pyramid Gama (Pvt) Ltd for importation, processing, packaging and distribution of cement to be undertaken through a joint venture company in the name of Melsta…
In a surprising move without referring to any specific described incidents, one of Sri Lanka’s leading listed Bank – privately owned for the name sake, but also government controlled via state controlled bodies’ share ownership – Hatton National Bank (HNB) in company’s official Facebook page said in three consecutive posts that the “HNB does not…
Whilst a total of 48 commercial Narrowband IoT (NB-IoT) and LTE-Mobile (LTE-M) had been launched worldwide as of the end of April, according to the GSMA, Sri Lanka’s Dialog Axiata and Mobitel among leading 13 Global operators that deployed Mobile IOT solutions, including all of China’s big three operators – China Mobile, China Telecom and…
Video Story
