The Colombo Stock Market has recorded a daily turnover of nearly Rs. 03 billion due to a share transaction of Expolanka Holdings PLC today (02 February). During this transaction, 313,816,001 Expolanka shares were traded at Rs. 8.30 each, totaling a turnover of Rs. 2.6 billion. On inquiry, Expolanka Holdings Corporate Communications Division head Paddy Weerasekera…
Tea Exporters Association (TEA), the private sector body dedicated to promote tea exports from Sri Lanka, will be conducting a workshop on ‘Tea Strategy Development’ required in each stakeholder sector of the tea industry in achieving the revenue target of US $ 5 billion by 2020. The Tea Strategy workshop will be held on Tuesday…
World prominent digital, mobile and internet financial transaction medium PayPal’s Asian head is to arrive in Sri Lanka tomorrow (03 February), said Ministr of Telecommunication and Digital Infrastructure Harin Fernando. The Minister added that the Hong Kong based PayPal Asian chief would also meet Finance Minister Ravi Karunanayake and Central Bank Governor Arjuna Mahendran during…
Hemas Holdings PLC rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) yesterday. This event was yet another in a series of Market Opening Ceremonies, featuring companies from the S&P SL20 index. Chairman Mr. Husein Esufally, Group CEO Mr. Steven Enderby and Executive Director/ CFO Mr. Malinga Arsakularatne represented Hemas Holdings…
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….
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