SriLankan Airlines emphasized its positioning as an airline of choice among discerning global travelers by winning the “Best Full Service Airline in Central and South Asia” at the Future Travel Experience Asia Awards 2016 in Singapore for the second consecutive year. Ajith Dias, Chairman of SriLankan Airlines, said: “SriLankan Airlines is constantly enhancing and developing…
Reuters – Sri Lankan shares ended slightly firmer on Thursday, hovering near a 12-week closing low hit earlier in the week, in thin trade as investors awaited cues from the government budget and five-year plan as well as corporate earnings. Prime Minister Ranil Wickremesinghe issued an economic policy statement in the parliament, giving some details…
Lanka IOC PLC, one of the major and premier private oil companies to have ever been set up in the country, has embarked on the organization’s next Corporate Social Responsibility (CSR) stance by giving a generous donation towards the TRAIL Walk initiative which took place in October this year. The cheque for the generous amount…
Piramal Glass Ceylon PLC has successfully completed the 1st half of F2017 with its revenue crossing Rs.3 Bn mark & with a growth of 3% as against previous year H1. This was a remarkable performance as the company had to supply the market whilst its factory was non-operational for a period of 2 months for…
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and its public sector wing, will host a high profile regional seminar in November, to help stimulate thinking on how South Asia can take financial reporting practices to the next level. Organised by the South Asian Federation of Accountants (SAFA), World Bank Group, and…
Over the past year Sri Lanka made progress in two reform areas that are covered by the Doing Business report, namely Starting a Business and Protecting Minority Investors. The improvements, while important, were not enough to stop a decline in the country’s overall rank from 109 in 2016 to 110 in 2017. This is not…
The Information and Communication Technology Agency of Sri Lanka (ICTA) announced today that Sri Lanka is growing rapidly as a sourcing destination for small to medium Australian businesses. In Australia this week leading a Sri Lankan trade mission, Arunesh Peter, ICTA’s Director of Projects, said: “For the past few years, we have seen strong growth…
A proposal by Finance Minister Ravi Karunanayake to release to the Central Bank of Sri Lanka the Rs. 4,055.1 million to be refunded under the third and final phase to the Golden Key depositors, to take rapid steps to liquidate the assets of the Golden Key Credit Card Company and its affiliated companies and refund…
SIAL Paris, 2016 one of the largest consumer Fairs in Europe, convened in France from 16th to 20th October 2016, attracted a large number of exporters from Sri Lankan prompting them to seek a wider market for their products mainly in the West. More than 6,500 French and international exhibitors from 105 countries displayed their…
Demonstrating its commitment to the development of the Sri Lankan economy, the Softlogic group today unveils the new face of its insurance business, Softlogic Life Insurance, to empower progressive Sri Lankans who are the driving force behind the growth of the country. The announcement was made by the Chairman of the Softlogic Group, Mr. Ashok…
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