The first Sri Lanka national broadband forum, themed “a Better Connected Sri Lanka” co-hosted by Ministry of Telecommunication and Digital Infrastructure and Telecommunications Regulatory Commission, co-organized by Huawei was held in Colombo today. The forum served as an industry dialogue platform, bringing together senior policy makers of the government, local operators, service operators, and industry…
IFC, a member of the World Bank Group, has partnered with leading local apparel manufacturer Hela Clothing (Pvt.) Limited to boost trade opportunities for Sri Lanka’s apparel industry through a trade-supplier finance facility. Hela Clothing is the latest apparel company in Sri Lanka to join IFC’s Global Trade-Supplier Finance program. Through this facility, IFC will…
Investment of Rs 3 billion on capacity enhancement Piramal Glass Ceylon PLC has announced its results for the 1st Quarter of F2017 with Rs. 1,656 Million of Revenue & Rs. 110 Million of Profit After Tax. The total revenue during the first quarter of FY 2017 showed an overall growth of 11%. The positive momentum…
Dipped Products PLC (DPL) posted Rs. 5.4 billion in Group Turnover during the 1Q 2016-17, compared to Rs.5.7 billion for the same period of the previous year. Group Profit before Tax (PBT) for the period was Rs. 12.5 million, fromRs. 176 million recorded for the 1Q last year. The Hand Protection segment contributed Rs. 3.21…
DFCC recorded favourable growth in the first half of FY2016 ending 30th June 2016, with a consolidated profit after tax of LKR 1,721 million which is 16.1% over the LKR 1,482 million recorded in the comparable period ended 30th June 2015. The total assets of the Group stood at LKR 263,234 million as at 30th…
Lankaputhra Development Bank is planning to introduce 14,022 entrepreneurs to the country this year as an accelerated program. Under this program Lankaputhra Development bank will introduce one entrepreneur from each Grama Niladari Division. 100 entrepreneurs were given loans and they represented the Grama Niladari divisions of the Colombo district. Entrepreneurs engaged in agriculture, industry, services,…
Reuters – Aug 8 Sri Lankan shares ended slightly weaker in dull trade on Monday, slipping from their more than seven-week closing high hit in the previous session, as investors waited for firm direction on the government’s economic policies. The benchmark Colombo stock index ended 0.16 percent, or 10.20 points weaker, at 6,506.93 on Monday….
Despite the net outflow of foreign exchange registered at the Colombo Stock Exchange (CSE) in 2016 and 2015, it is a small percentage when compared against the new inflow during the earlier years, said Chief Executive Officer of the CSE, Rajeeva Bandaranayake during a recent media briefing at the CSE. “The net foreign inflow recorded…
French auto major Renault is looking to enhance exports from India to neighbouring countries and Africa as it seeks to make the country a manufacturing hub. “Last month we started exporting Duster and Kwid to Sri Lanka. This month we will be entering Nepal while we also prepare to enter Bhutan,” Sumit Sawhney, country CEO…
Sri Lanka is banking on its growing tourism industry to entice more Qatari nationals and expatriates to visit the country’s tourist destinations, ambassador W M Karunadasa has said. “Many Qataris visit Sri Lanka but still many people do not know about the beauty of Sri Lanka and the many destinations that the country can offer…
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