Ceylon Biscuits Ltd (CBL) was recently recognized by the Ceylon Chamber of Commerce (CCC) as one of the top ten corporate citizens in the country at the recently concluded ‘Best Corporate Citizen Sustainability Awards 2015,’ walking away with 5 accolades. This marks the 8th occasion that the company has been ranked amongst the top ten…
Prime Minister Ranil Wickremesinghe told Parliament today (09 December) that an economic and technical cooperation agreement should be signed with India instead of the Comprehensive Economic Partnership Agreement (CEPA). While speaking further, the Prime Minister said that this proposed agreement would be only for the goods and technical sector and would not be applicable on…
Company to deploy Sri Lanka’s first fully integrated ‘Rapid Charging Points’ for Electric Vehicle’s Bringing to light the significance of embracing sustainable energy and giving the best of products and services to the nation as a result, Sunrise Engineering (Pvt) Ltd a pioneer in the solar power systems were recently awarded with the contract for…
Makers of alcoholic beverages in Sri Lanka will be able to pass on back to back increases in excise duties to consumers without worrying about them shifting to the more affordable illicit market, Fitch Ratings says in a new report. Rising disposable income will absorb the higher duties, and Fitch believes the inelastic demand and…
Lankasoy, the flagship brand of Convenience Foods (Lanka) PLC, a subsidiary of Ceylon Biscuits Ltd. (CBL), recently received the prestigious Gold Award for the second consecutive year in the category of Manufacturing – Food & Beverage sector at the National Business Excellence Awards organized by The National Chamber of Commerce of Sri Lanka. With 25…
Colombo bourse continued its downward spiral on Tuesday dropping further 9.54 points or 0.1% to close at 6,849.09. The S&P SL 20 index closed 8.54 points or 0.2% lower at 3,624.39. The gains in Dialog Axiata (LKR 10.70,+1.9%), Hemas Holdings (LKR 87.00,+2.0%), Commercial Leasing (LKR 4.00,+2.6%) and Softlogic Holdings (LKR 15.70,+1.3%) failed to uplift the…
Twenty five years after she launched her first retail store, entrepreneur and brand builder Otara Gunewardene has returned to that location to open an independent store to celebrate Christmas with Embark fans in Colombo. The opening of the new store at 38, Dickman’s Road (now Lester James Peiris Mawatha) is part of the planned expansion…
Invests LKR 80 Million for trio of pools, develops a world class property As a prelude to the peak winter season, Calamander Unawatuna Beach opened two stunning Italian glass mosaic pools, both a mercurial shade of vermilion, mirroring the spectacular sunsets that Unawatuna Bay is famous for. ‘The Sun’ pool, a generous 25 metres in…
Also awarded Gold for Best Management Commentary; rated third best in Sri Lanka overall The Commercial Bank of Ceylon was awarded the Edmund J. Cooray Memorial Trophy for the Best Annual Report among banking institutions, the Gold award for Management Commentary, the Silver award for Corporate Governance Disclosure, the Bronze award for the Best Annual…
Colombo bourse began proceedings of the week on a positive note, but owing to the dull market activity throughout the day, the index ended at a low of 6,858.63 down by 10.93 index points or 0.16%. 20-scrip S&P SL index followed the trend by shedding 5.63 index points (-0.15%) to close at 3,632.93. Price depreciations…
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