Reuters – Sri Lankan shares closed steady on Thursday ahead of a long weekend, with investors awaiting the national budget presentation and the central bank’s policy rate decision. The Colombo stock index closed 0.04 percent weaker at 6,621.47. The index rose 0.1 percent for the week. Both currency and stock markets will be closed for…
The Bank closed the first nine months of the year ending 30th September 2017 with a pre-tax profit of Rs. 5,063Mn, up by 31% over the corresponding period in the previous year. Post-tax profits increased at a lower rate of 20% as a result of the increase in the effective tax rate stemming from the…
The Singer Group announced results for the nine months ending September 30th 2017 with revenues increasing to Rs. 37.0 billion, an increase of 12% compared to the same period last year, demonstrating resilience by growing competitively and consistently in tough market conditions. During the quarter a major milestone occurred with the majority shares of Singer…
LankaClear, the operator of LankaPay – Sri Lanka’s National Payment Network, recently held the Root Key Ceremony of its security arm – LankaSign, the only commercially operating PKI based Certification Service Provider (CSP) in the country. In keeping with the latest international security standards and technology (ie Web trust 2.0), LankaSign upgraded its systems and…
A Chinese Business Delegation led by Council for the Promotion of International Trade Shanghai (CPIT Shanghai) visited the Ceylon Chamber of Commerce recently to hold discussions to enhance commercial ties between Sri Lanka and China. The delegation which was led by Mr. Yang Jianrong, Chairman of the CPIT Shanghai held discussions with the CEO of…
Reuters – Sri Lankan shares edged up on Wednesday on foreign buying in market heavyweight John Keells Holdings while investors awaited for direction from September-quarter earnings and the national budget scheduled to be presented next week. Foreign investors bought shares net worth 275.5 million rupees ($1.79 million), extending the year-to-date net inflows to 20.52 billion…
Johann Peries and Jayanthi Kuru-Utumpala, Sri Lanka’s world famous mountaineering duo bring the spirit of daring and adventure to “Anything But … with Kumar de Silva” this week as the show uploads at 13h on Friday 03 November 2017 on Facebook, YouTube, and across all social media. Listen to them speak about their arduous trek…
Hayleys Fabric made a profit of USD 95,854/- during the second quarter ended 30th September 2017. This is an improvement on the first quarter although the Company is at a cumulative loss of USD 66,794/- for the first half ending 30th September 2017. The main contributory factor for the loss was the unprecedented floods which…
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently paid tribute to two eminent Chartered Accountants, Mr. Anthony Nirmal Fernando and Mr. Someswaran Thirunavukarasu by inducting them to the CA Sri Lanka Hall of Fame for the year 2017 in recognition of their exemplary contribution towards the development of the accounting profession,…
Hayleys Fabric made a profit of USD 95,854/- during the second quarter ended 30th September 2017. This is an improvement on the first quarter although the Company is at a cumulative loss of USD 66,794/- for the first half ending 30th September 2017. The main contributory factor for the loss was the unprecedented floods which…
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