Minister of Finance and Mass Media Mangala Samaraweera is seen finalizing the contents of the Budget – 2018 with Dr. R.S.H. Samaratunga, Secretary to the Ministry at the ministers’ residence.
Sarvodaya Development Finance, the pioneer in microfinance in Sri Lanka, has shown significant growth based on the 6 months financial results ending 30th September 2017. The company has recorded a significant growth in terms of net profit after tax in 2017, compared to the corresponding period of the previous financial year. 2017 has marked a…
~ Nine Months Profit After Tax grows YoY from Rs 101.4 mn to Rs 266.8 mn Having recently doubled its capital to over Rs 10 billion, Amãna Bank reinforced the confidence of its shareholders by tripling its Q3 2017 Profit Before Tax to reach Rs 186.1 million as against Rs 62.9 million of Q3 2016….
To develop the dairy activities in Sri Lanka, the United States announced that a USD 21 million (LKR 3.15 billion) awarded by the U.S. Department of Agriculture’s Food for Progress program, to modernize and strengthen Sri Lanka’s dairy sector by increasing productivity and improving milk quality, financing, food safety, and trade.
The United States expressed its support to develop Sri Lanka as a regional hub for trade and investment in Asia, which would connect trade flows among ASEAN, India, the Middle East, and Africa through free and open seas that would be the key to growth of the region, says the joint statement issued by the…
Reuters – Sri Lankan shares inched lower on Tuesday, with trading volume slumping to a more than six-week low, as investors awaited the national budget presentation scheduled later this week. The Colombo stock index closed 0.1 percent weaker at 6,595.89, its lowest since Oct. 24. The turnover was 260.2 million rupees ($1.7 million), a quarter…
Fueled by topline growth across all of its key business segments, Hayleys PLC posted a 20% Year-on-Year (YoY) increase in turnover up to Rs. 62.4billion. The Group has continuously infused higher levels of investment into key business segments with a view to enhancing growth potential over the medium-long term. These investments were also reflected in…
The Ceylon Chamber of Commerce will hold a consultation workshop with the private sector on the 15th November 2017 to discuss strenthening preparedness and emergency response in Sri Lanka. The workshop which will be conducted by the Sri Lanka Preparedness Partnership ( SLPP), an initiative of the Asian Disaster Preparedness Center of Bangkok, which aims…
World renowned sea food restaurant “Ministry of Crab” filed action against a restaurant opened under the name “Black Crab” in the Commercial High Court of the Western Province, over infringement of its trademark and unfair competition. The “Ministry of Crab” which was established by celebrated chef and restaurateur Darshan Munidasa, partnering with Sri Lankan cricketing…
Dialog Axiata PLC announced, Tuesday 7th November 2017, its consolidated financial results for the nine months ended 30th September 2017. 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…
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