Reuters – Aug 11 Sri Lankan shares on Thursday slipped from its more-than-10-week high, hit in the previous session, as foreign outflow dented investor sentiment while some investors booked profits in thin trade. The benchmark Colombo stock index ended down 0.44 percent, 28.98 points, at 6,514.77. “Foreign selling was seen in some large caps, and…
The Commercial Bank of Ceylon has extended its growth momentum into the second quarter of the year to record robust performance indicators for the six months ending 30th June 2016 amidst increasing costs of funds and shrinking margins. Sri Lanka’s benchmark private bank has reported profit before VAT and NBT of Rs 10.391 billion recording…
Sales of LKR 19 billion with 7.4% growth Net profit of LKR 2.5 billion Focuses on innovations and renovations to provide consumers with products that offer Nutrition, Health and Wellness Launches a series of community initiatives to celebrate 110 years in Sri Lanka and commemorate 150 years of global presence Shivani Hegde, Nestlé Lanka Managing Director:…
Alliance Finance Co. PLC (AFC), one of Sri Lanka’s oldest and trusted finance companies, celebrates 60 years of unparalleled service spanning four generations of customers in Sri Lanka. AFC is one of the most recognized and trusted names in the financial services industry today, reputed for its innovative and inclusive financing solutions. Commencing operations six…
Sri Lanka – Indonesia Business Council (SLIBC) which functions under the aegis of the Ceylon Chamber of Commerce held its 23rd Annual General Meeting on 29th July 2016, at at Ripta Loka Hall at the premises of the Embassy of the Republic of Indonesia. SLIBC was established in 1991 with a view to promote Trade,…
Wins the top three awards at 2016 edition of WCIC’s Women Entrepreneur Awards Mobile IT solutions trailblazer Lakmini Wijesundera has been honoured at the highest level for her contribution to the country’s economy with the three top awards at the annual Women Entrepreneur Awards presented by the Women’s Chamber of Industry & Commerce (WCIC). The…
Neela Marikkar, Chairperson & Managing Director of Grant Group was recently recognized as one of the Top 50 Women Leaders in Asia, at the 7th edition of the CMO Asia Awards in Singapore on 4th August 2016. The Award recognizes Neela’s visionary leadership at the helm of the Grant Group and her engagements with local…
Commercial Bank and DIMO have come together to provide discounts and other benefits to customers when they purchase Mercedes-Benz vehicles from DIMO under an exclusive promotion unveiled by the two corporate sector leaders this week. Available on a first-come, first-served basis till stocks last, the offer includes attractive leasing options at a reduced interest rate…
DFCC Bank signs on as the exclusive banking partner of the World Export Development Forum which will be held in October DFCC Bank PLC recently partnered with the Sri Lanka Export Development Board as the exclusive banking partner of the upcoming World Export Development Forum, which is set to take place in Colombo from 12th…
SriLankan Airlines has entered into a “wet lease” agreement with Pakistan International Airlines (PIA), owned by the government of Pakistan, whereby an Airbus A330-300 aircraft will be leased by SriLankan to PIA on Aircraft Crew Maintenance & Insurance (ACMI) basis. This means that the aircraft will remain under SriLankan registry and be flown by SriLankan/s…
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