Reuters – Feb 1 Sri Lankan shares rose for a third straight session on Monday to end at their highest in more than a week led by large-caps, but trading volume slumped to a more-than-one-month low. The main stock index ended 0.36 percent higher at 6,363.18, the highest close since Jan. 22. The index has…
Local footwear and leather manufacturers need to be linked to global markets. This series of exhibitions is the best platform for the Lankan F&L sector to enter competitive global markets, said Addl. Director General, Development, EDB, Jeevani Siriwardena at the pre-event briefing on the International Footwear and Leather Expo. Over 50 manufacturers are due to…
Piramal Glass Ceylon PLC has declared its results at the end of yet another successful Quarter Performance with revenue growth of 12% from Rs. 1,592 Million to Rs. 1,778 Million & Profit after Tax increasing from Rs. 61 Million to Rs. 166 Million against the previous year similar period. Q3 :- The sales growth for…
The Citrus Leisure Group announced a revenue of Rs. 323 million for the third quarter of 2015/16 ending 31st December 2015, a 66% growth compared to the corresponding quarter in 2014/15. The group’s first property Citrus Hikkaduwa contributed Rs. 79.7 million while the Group’s flagship property Citrus Waskaduwa contributed Rs. 188.6 million for the quarter….
Introduction of the latest electric car, the KIA Soul EV to the Sri Lankan market has been reportedly delayed. The main reason for this delay is the increased import levy imposed on electric cars through the 2016 Budget. On inquiry by Ada Derana Biz, the Managing Directorof KIA Motors Lanka Limited, Mahesh Thambiah had this…
A 18 member delegation from Sri Lanka is visiting Thailand from the 1st to the 3rd of February 2016 for business matching and B2B meetings. The meeting is organized by the Thai Embassy in Sri Lanka and the Federation of Thai Industries. This delegation visit by prominent businessman follows the President of Sri Lanka, H.E….
All 172 rooms and suites to offer direct ocean views Construction of Amari Galle Sri Lanka is progressing on schedule, with the resort on track to open in late 2016. This upcoming opening marks the introduction of the Amari brand by ONYX Hospitality Group to Sri Lanka, and follows on the success of two earlier…
Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, is planning to adopt an internationally accepted tool to review the forecasted electricity demand in Sri Lanka and to access the Long Term Generation Expansion Plan (2015-2032) by Ceylon Electricity Board (CEB). The tool named as MAED or Model for Analysis of Energy Demand…
Laugfs Pharmaceutical (Private) Limited, a subsidiary of Laugfs Holdings Limited embarked on its inaugural step to enter Sri Lanka’s pharmaceutical sector by beginning construction work on the island’s largest pharmaceutical drugs manufacturing plant today (29 January). During the ground breaking ceremony, the first sod was cut for this manufacturing plant within the Koggala Export Processing…
The Colombo Stock Exchange (CSE) today (28 January) decided to suspend the trading of PC House PLC and PC Pharma PLC due to non-submission of Annual Reports for the year ended 31 March 2014 and 31 March 2015 to the CSE in compliance with CSE Listing Rules and Sri Lanka Accounting Standards. Several weeks ago,…
Video Story
