Accenture The Singapore Business Mission to Sri Lanka organized by the Singapore Business Federation (SBF) together with International Enterprise Singapore (IES) and Singapore Indian Chamber of Commerce & Industry (SICCI) recently held a seminar on doing business in Sri Lanka, at the Paramount Tower in Nawala. Mr S.S. Teo, Mission Leader, SBF Chairman and Managing…
Net Profit After Tax Rs10.8Bn Recommended Dividend: 35% of Earnings, 46 Cents per Share Direct and Indirect Contribution in Taxes, Fees and Levies to GoSL: Rs35.7Bn Investment in High Speed Broadband and Other Infrastructure: Rs27.3Bn Dialog Axiata PLC announced, its consolidated financial results for the year ended 31st December 2017. Financial results comprise those of…
Reuters – Sri Lankan shares fell on Monday as political uncertainty after a local council poll in which the two main ruling parties were defeated dampened investor sentiment. President Maithripala Sirisena’s centre-left Sri Lanka Freedom Party (SLFP) and Prime Minister Ranil Wickremesinghe’s centre-right United National Party (UNP) secured only a few council seats, raising concerns…
Iran and Sri Lanka have signed documents to expand cooperation in various areas, including trade and economy, Iran’s IRNA news agency reported. According to IRNA on Saturday, the documents were signed during a two-day visit of an Iranian delegation to Colombo with Sri Lankan officials. The delegation which was headed by the Iranian Energy Ministry…
The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI) and the Asia-Pacific Leadership Network for Nuclear Non-Proliferation and Disarmament (APLN) will jointly host a lecture by Prof. Ramesh Thakur of the Australian National University and Co-Convenor of APLN, on “Nuclear Policy and Prospects for Disarmament in the New World Order.” This lecture will…
Haycarb PLC, the Sri Lankan multinational of Hayleys PLC reported revenue of Rs. 10.9 billion and profit before tax of Rs. 564 million for 9 months ending 31 December 2017. The profit after tax stood at Rs. 473 million. Haycarb PLC Managing Director Mr. Rajitha Kariyawasan said that the raw material shortages and resulting high…
Regional Plantation Companies’ (RPC) tea estates will be subjected to checks from the Sri Lanka Tea Board (SLTB) as authorities gear up to meet international standards on residue levels of pesticides with Japanese authorities asking Ceylon Tea to clean up its act. In the wake of the Japanese request for a reduction in the residue…
Reuters – Sri Lankan shares rose for a second straight session on Friday and hit their highest close in more than three months, helped by retail buying in blue-chip stocks. The Colombo stock index ended 0.45 percent firmer at 6,572.29, its highest close since Nov. 8, 2017. The bourse rose 0.8 percent during the week…
Attention of the Central Bank of Sri Lanka (CBSL) has been drawn over the media reports on Government debt recording and maintenance of accounts published on 8th February 2018. CBSL compiles and publishes Central Government debt based on its database on issuance of domestic debt and international commercial borrowings on behalf of the Government and…
One Galle Face is the place where life, work and play meet, offering something for every member of Colombo’s vibrant community. The Mall at One Galle Face recently celebrated a project milestone of partnering with their Anchor Tenants with a signing ceremony that introduced the city’s premier luxury lifestyle destination. The signing ceremony was graced…
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