Pushing the boundaries of innovation much further, Sri Lanka’s most innovative life insurer, Softlogic Life, recently unveiled their 2017 integrated annual report in video format, making it Sri Lanka’s first video annual report. Available now on YouTube and Softlogic Life’s official website, the video showcases a number of key details of this year’s annual report…
Lanka Sathosa, the country’s largest state owned retail chain, has clinched committed support from the people of the United States thereby recording the institution’s first ever inward global assistance flow on 24 May. “The Ministry of Industry and Commerce has been working with USAID since 2005 on various initiatives to enhance the Ministry’s mandate” said…
Significant milestone for Apparel industry in Sri Lanka Embarking on the next phase of the joint venture between Brandix and global synthetic materials manufacturer Best Pacific of Hong Kong, the groundbreaking ceremony for ‘Best Pacific Textiles Lanka’ – the proposed synthetic fabric and webbing manufacturing facility – took place in Pannala, Sri Lanka recently. The…
Sri Lanka Retailers’ Association (SLRA) delegation met with Mr. Mano Tittawella – Senior Advisor, Ministry of Finance & Media to discuss initiatives in creating new jobs and employment opportunities from the Organized Retail industry through its membership comprising of top local corporates entities towards partnering and supporting the Governments’ one million new jobs under its…
Reuters – Sri Lankan shares slipped to a more than one-week closing low on Wednesday, dragged by industrials such as market heavyweight John Keells Holdings . Turnover slumped to a more than one-month low with investors staying on the sidelines as they waited for some cues about the real impacts of floods, while worries over…
The Colombo Stock Exchange (CSE) announces the launch of a series of workshops on capital market operations for corporate representatives. The events cater to a growing demand among corporates for learning opportunities related to capital market operations and aims to foster knowledge sharing among corporate representatives that frequently engage in capital market related activities. The…
Managing Director/ Chief Executive Officer (CEO) and as director of Chevron Lanka Lubricants PLC, Kishu Gomes has resigned with effective from 22nd May 2018, a disclosure filed to Colombo Stock Exchange (CSE) by the company said. The filing added that Ms Rochana Kaul General Manager for Chevron Asia/Pakistan has been appointed as the new Managing…
IRCSL-mandated change in basis of valuation of Life Fund generates one-off surplus of Rs 3.456 billion Ceylinco Life has announced that its net profit for the year ending 31st December 2017 is Rs 9.467 billion, including a one-off surplus of Rs 3.456 billion generated by a change in the basis of the valuation of…
Clarifying on a what was quoted as a ‘Misleading News Item’ but without a proper reference to where and under which headline it was published, Sri Lanka’s Financial Regulator – Central Bank of Sri Lanka (CBSL) in a long explanatory statement yesterday said that “If there were no further borrowings or non-borrowed increase of reserves,…
Reuters – Sri Lankan shares closed slightly stronger on Tuesday, driven by telecom stocks and as foreign investors continued to buy the island nation’s equities. However, investors were cautious as they waited for some cues about the real impacts of floods, brokers said. Heavy monsoon rains have killed eight people, prompting authorities to warn against…
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