Dialog Axiata PLC announced, Monday 08th August 2016, its consolidated financial results for the six months ended 30th June 2016. Financial results included those of Dialog Axiata PLC (the “Company”) and of the Dialog Axiata Group (the “Group”) post-consolidation with subsidiaries Dialog Broadband Networks (Pvt) Ltd (“DBN”), Dialog Television (Pvt) Ltd (“DTV”) and Digital Holdings…
LMD – Amidst domestic and international challenges, Sri Lanka’s economy grew by 5.5 percent year-on-year (y-o-y) in the first quarter of this year, in real terms, compared to 4.4 percent in the corresponding period of 2015, according to the Ministry of Finance’s Mid-Year Fiscal Position Report 2016. The report also reveals that government revenue increased…
The 20th Presidential Export Awards Ceremony will be held under the patronage of President Maithripala Sirisena will be held on August 9 at 3 p.m. at the Bandaranaike Memorial International Conference Hall (BMICH). Organized by the Sri Lanka Export Development Board (EDB) the ceremony will recognize and honor the exporters for their excellence in the…
Reuters – Aug 5 Sri Lankan shares rose on Friday, hovering near a seven-week high hit earlier this week, as investors bought blue chips expecting better profits after hopes rose that a recent rate increase by the central bank would help improve the island nation’s macroeconomic outlook. The benchmark Colombo stock index was 0.7 percent…
Janashakthi Insurance PLC (Janashakthi) posted a consolidated Profit After Tax (PAT) of Rs. 630 million for the six months ended 30th June 2016, recording an impressive Year-on-Year growth of 198%. Consolidated Gross Written Premium (GWP) grew by 34% to Rs. 6.5 billion with the Company’s Non-Life segment leading the charge with 41% growth in GWP…
SBI Group to acquire 25% stake in First Guardian Equities The SBI Group is to acquire a strategic 25% stake in Sri Lankan Brokerage First Guardian Equities through an investment via a private placement. The MOU was signed by the Representative Director, President and CEO of SBI Holdings Yoshitaka Kitao and Managing Director/CEO of First…
Work on the much awaited Sri Lanka Rubber Industry Masterplan has commenced in earnest with Industry and Commerce Ministry implementing a major portion of projects outlined in it. Meanwhile, an upbeat India says that an Indian team will be in town as early as next week to discuss none other than the Economic and Technology…
The High Commission of Canada, as Patron of the Sri Lanka Canada Business Council (SLCBC), is pleased to have hosted the 25th Annual General Meeting (AGM) of the SLCBC on 4 August 2016. A key stakeholder in strengthening the existing bilateral relations between Sri Lanka and Canada, this marks the silver year of the SLCBC’s…
RIU Hotels & Resorts will celebrate its first inauguration on the Asian continent with a 5-star hotel in Sri Lanka. The Riu Sri Lanka will open its doors today, August 5th and is a perfect choice for both new and loyal Riu guests who want to discover this exotic destination. The hotel’s location in Ahungalla,…
A press conference to promote Ceylon tea co-organized by the Embassy of Sri Lanka in China and Sri Lanka Tea Board was held in Beijing on August 3. A delegation of senior officials and tea distributers from Sri Lanka headed by Minister of Plantation Industries Navin Dissanayake attended the conference. Next year will mark the…
Video Story
