The sixty sixth Annual Report of the Monetary Board of the Central Bank of Sri Lanka was presented to His Excellency the President Maithripala Sirisena and the Prime Minister, Hon. Ranil Wickremasinghe, while in terms of Section 35 of the Monetary Law Act No. 58 of 1949, it was also submitted to Hon. Ravi Karunanayake,…
Headline inflation, as measured by the Colombo Consumers’ Price Index (CCPI, 2006/2007=100), declined to 2.0 per cent on a year-on-year basis in March 2016 from 2.7 per cent in February 2016, mainly due to the decline in food inflation. On an annual average basis, CCPI based headline inflation edged up to 1.1 per cent in…
Colombo Land and Development Company PLC (CLDC) recently announced the appointment of Mr. Vasula Premawardhana as Executive Director to serve on the board of the company. He also serves as the Chief Executive Officer of CLDC. Colombo Land and Development Company PLC, renowned for its Liberty Plaza mixed development complex in the heart of Colombo,…
Prime Minister Ranil Wickremesinghe addresses the world business community and invites them to connect with Sri Lanka by showcasing the country’s business and investment potential through the CNBC network. The Premier in a short vignette shares Sri Lanka’s illustrious trading history, the country’s strategic geographical placement and investment potential as the nation steadily moves forward…
~ Swedish Cars (Private) Limited introduces the all new Volvo XC90 Swedish Cars, an IWS Holdings company, which recently became the importer and distributor of Volvo’s cars in Sri Lanka, will soon launch a line of luxury cars displaying Volvo’s stylish transformation and its first interpretation of a new brand direction, where design has an…
Profit after tax improves by 4.18% to Rs. 720Mn Net Loan book grows by 4.27% to Rs. 201Bn Total assets up by 5.99% to Rs. 314 Bn Seylan Bank, recorded a strong quarterly performance with Profits after Income Tax reaching Rs. 720 Million, for the 3 months ended 31st March 2016, a 4% increase over…
A delegation from the Millennium Challenge Corporation, a US Government agency, held discussions with the Ceylon Chamber of Commerce, during their recent visit to the country. The delegation was met by the Chairman of the Ceylon Chamber of Commerce Mr. Samantha Ranatunga, The Board Director, Mr. Vish Govindasamy, CEO of the Chamber, Mrs. Dhara Wijayatilake…
Turnover at Rs 6.7 Billion & Profit After Tax at Rs 654 Million Piramal Glass Ceylon PLC (PGC) ended a very successful year with a record growth in Turnover & Profitability. The company recorded its highest ever turnover this year of Rs. 6,755Mn and a profit after tax (PAT) of 654Mn. With this achievement the…
Sri Lanka Tourism will participate in the Arabian Travel Market (ATM), the tourism industry’s leading travel and tourism exhibition within the Middle Eastern and Pan Arab regions, in Dubai from 25 -28 April, 2016. Middle East is identified as one of the main tourist generating market as per the Sri Lanka Tourism Strategy and ATM…
The Port of Colombo was represented at a major international forum this month by Colombo International Container Terminals (CICT) following an invitation extended by the organisers to CICT General Manager – Commercial & Marketing Tissa Wickramasinghe to be a speaker and panellist at this prestigious forum. The TOC Asia (Terminal Operator Conference) took place in…
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