Dialog Axiata PLC announced its consolidated financial results for the six months ended 30th June 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 Lanka (Pvt) Ltd (‘DHL’)….
Reuters – Sri Lankan shares recovered from a three-and-a-half month low on Thursday, snapping a nine-session losing streak, as investors bought battered shares. The Colombo stock index rose 0.16 percent, or 10.29 points, to 6,516.32, edging up from its lowest close since April 25 hit on Wednesday. It fell 1.5 percent last week in its…
In a move aimed at supporting the expansion planned for the organization going forward, Central Depository Systems (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), relocated its operations to a larger premises located at the Ground Floor of the M & M Centre, No.341/5, Kotte Road, Rajagiriya today. While the…
Singer (Sri Lanka) PLC announced today its results for the first half of 2017. Despite tough business conditions, the results for the six months ending 30th June 2017, showed a good Revenue growth of 13.6% to Rs. 25.1 billion compared to the same period in the previous year. There was a strong growth in several…
The Government has imposed an Annual License Fee of Rs 50,000 for import of non potable spirit and therefore the Treasury has imposed an Excise Duty of Rs 25 for one liter of Methanol Spirit with affect from 1st August. Under the new regulations no person can import, export, manufacture, keep in possession, store, sell,…
Reuters – Sri Lankan shares fell for the ninth straight session on Wednesday, posting their lowest close in three-and-a-half months, with banks such as Hatton National Bank leading the fall. The Colombo stock index fell 0.28 percent, or 18.10 points, to 6,506.03, its lowest close since April 25. It fell 1.5 percent last week in…
President Maithripala Sirisena says the policy of the present government is to bring foreign investment in a way which will not harm the country’s sovereignty. The President further said that when entering into agreements with a foreign country or a company regarding investments, a special clause will be included stating that in any way land…
The cabinet has approved the appointment of Mano Tittawella as Senior Adviser to the Minister of Finance and Media. He is expected to assist the minister in realizing the government’s economic and development agenda and drive its reform agenda. He will continue to serve as the Secretary General of the Secretariat for Coordinating Reconciliation Mechanisms…
The Sri Lanka – Australia – New Zealand Business Council (SLANZBC) of the Ceylon Chamber of Commerce recently held their 22nd Annual General Meeting (AGM) at Movenpick Hotel in Colombo, electing Mr. Gerard Victoria – Director/ General Manager of Qantas Airways Ltd as the President of the council. Australia’s High Commissioner to Sri Lanka H.E….
New machines set to become game-changer for label production and tea industry Printcare Plc, the nation’s top packaging exporter and pioneer in Sri Lanka’s tea packaging sector, recognised for its proven ability to redefine conventional printing and packaging capabilities through constant technological evolution, will break new ground again. Investing over Rs. 750 million (US $…
Video Story
