The Monetary Board, at its meeting held on 31st August 2017 has promoted Mrs. K M A N Daulagala, Mrs. S Gunaratne, Mr. N W G R D Nanayakkara, Mrs. T M J Y P Fernando, Mr. J P R Karunaratne and Mrs. K Gunatilake, six Staff Class Grade IV officers, to the post of…
Reuters – Sri Lankan shares rose for a second straight session on Friday and ended at a near three-week closing high, while a block deal in Singer Sri Lanka Plc pushed turnover to over a six-year high. The Colombo stock index ended 0.32 percent firmer at 6,402.03, its highest close since Aug.28. The bourse rose…
Hayleys PLC and its subsidiaries are pleased to announce the purchase of 61.73% of shares of Singer (Sri Lanka) PLC, for a consideration of LKR 10.9 billion, making it the single largest acquisition for a listed company in Sri Lanka in recent times. This strategic acquisition by Hayleys PLC and its subsidiaries is anticipated…
Sri Lanka is not hiding its optimism for its apparels in the post GSP Plus era –especially a further $400 Mn revenues from exports are now in the pipeline for the sector. “We have received the GSP Plus, and apparel exports are projected to increase” said Minister of Industry and Commerce Rishad Bathiudeen on 15…
Global Seafoods (Pvt) Ltd surpassed its competition to receive the Presidential award for being the Highest Value Added Seafood Exporter for the year 2016 capping an extremely successful year for the organization. Global Seafoods (Pvt) Ltd which is one of the largest Seafood Exporters in the island has been a pioneer in the field of…
Hayleys PLC, controlled by business magnate Dhammika Perera, has purchased a 61.73 percent stake in SINGER (Sri Lanka) PLC this morning (15). Hayleys has acquired 231,864,362 shares of SINGER Sri Lanka at the price of Rs 47.00 per share. The total value of the transaction is reportedly Rs 10.89 billion (Rs 10,897,625,014.00).
Reuters – Sri Lankan shares ended at more than a one-week closing high on Thursday, helped by gains in beverage and diversified shares, even as investors adopted a wait-and-watch approach to assess the impact of a new tax bill, brokers said. The Colombo stock index ended 0.14 percent firmer at 6,381.46, its highest close since…
A tiny island in the middle of the Indian Ocean was once a prominent feature in the tales of explorers, scholars and merchants who spread the fame of the troves of precious gems hidden in its earth. The 27th Edition of the FACETS International Gem and Jewelry Exhibition held recently bore testament to the fact…
The China Merchant Port Holdings will declare its ‘Road Map for the Development of the Hambantota Port’ at a Ceylon Chamber of Commerce seminar organized under the title of ‘South Asia’s Emerging Gateway City ’. During the seminar, Mr. Hang Tian, Deputy General Manager, China Merchant Port Holdings Company will declare the firm’s overall plan…
Wins 5 Presidential Export Awards in respect of 2016 contribution to nation’s economy The Brandix Group has topped Sri Lanka’s ranking of exporters for the fifth consecutive year in 2016 to be declared the country’s Exporter of the Year by the Export Development Board (EDB) at a ceremony presided over by President Maithripala Sirisena today….
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