Sri Lanka’s one of the oldest Carbonated Soft Drinks (CSD) range including Elephant House brand that’s owned by John Keells Group had experienced a 31% drop in their sales volume of beverage business due to the implementation of a sugar tax on CSD from November 2017, the latest quarterly review of John Keells Holdings (JKH)’s…
The Monetary Board, with the concurrence of the Hon. Minister of Finance, has promoted Assistant Governors, Mr. S R Attygalle and Mr. H A Karunaratne to the post of Deputy Governor of the Central Bank of Sri Lanka (CBSL) with effect from 31st October 2018.
Empowers female dairy farmers in the local community Continuing its strong dairy development drive in the country, Nestlé has opened its third milk chilling centre in the Mannar district, in the north-western town of Madhu. The chilled storage facilities are vital in a tropical climate, as it offers farmers a means to keep their milk…
Sri Lanka’s leading blue chip John Keells Holdings (JKH) relapsing their interim financials revealed that JKH Group’s profit before tax (PBT) at Rs. 4.69 billion in the second quarter of the financial year 2018/19 is a decrease of 5% over the Rs. 4.95 billion recorded in the previous financial year. Meanwhile the financials highlighted that…
Reuters – ** The Sri Lankan rupee ended weaker on Wednesday as outflows from government securities and stocks due to political uncertainty raised dollar demand. ** Stocks fell for the third session running, hitting a one-week closing low and moving further away from their near two-month closing high hit last week, as the political crisis…
The attention of the Central Bank of Sri Lanka (CBSL) has been drawn to recent newspaper articles on increased money printing by the CBSL in the past few days. The CBSL wishes to provide the following clarification as the concepts and facts in such articles remain grossly inaccurate and misleading: These articles suggest that the…
HNB’s Managing Director and CEO, Jonathan Alles also a member of the ABA board of directors and Chief Operating Officer (COO), Dilshan Rodrigo will chair sessions and make presentations at the 35th Asian Bankers Association’s Annual General Meeting and Conference. To be held on November 15 and 16, in the Kurumba Resorts, Maldives, the conference…
The Colombo Stock Exchange (CSE) announces the next round of workshops on corporate transparency and sustainability to be conducted in partnership with the Global Reporting Initiative (GRI). The workshops are set to be conducted on 04th and 05th December 2018 at the Ramada Colombo. These interactive workshops, which will be exclusive to representatives of companies…
One of Colombo’s most favoured city hotels, Fairway Colombo was awarded the prestigious Haute Grandeur Global Excellence Awards under three categories; the Best Business Hotel in Sri Lanka, the Best New Hotel (less than 3 years) in Sri Lanka and the Best Activity Hotel in Sri Lanka. The gala award ceremony was held on 1st…
Capital Alliance Partners Limited (“CAL”) successfully advised Hemas Hospitals (Pvt) Ltd on the sale of its subsidiary Hemas Southern Hospital (Pvt) Ltd (“Hemas Southern”) to Asiri Hospital Holdings PLC (“Asiri”), a giant in the healthcare sector with a chain of hospitals and laboratories around the country. Following the acquisition of Hemas Southern, the Asiri chain…
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