DFCC recorded favourable growth in the first half of FY2016 ending 30th June 2016, with a consolidated profit after tax of LKR 1,721 million which is 16.1% over the LKR 1,482 million recorded in the comparable period ended 30th June 2015. The total assets of the Group stood at LKR 263,234 million as at 30th…
Lankaputhra Development Bank is planning to introduce 14,022 entrepreneurs to the country this year as an accelerated program. Under this program Lankaputhra Development bank will introduce one entrepreneur from each Grama Niladari Division. 100 entrepreneurs were given loans and they represented the Grama Niladari divisions of the Colombo district. Entrepreneurs engaged in agriculture, industry, services,…
Reuters – Aug 8 Sri Lankan shares ended slightly weaker in dull trade on Monday, slipping from their more than seven-week closing high hit in the previous session, as investors waited for firm direction on the government’s economic policies. The benchmark Colombo stock index ended 0.16 percent, or 10.20 points weaker, at 6,506.93 on Monday….
Despite the net outflow of foreign exchange registered at the Colombo Stock Exchange (CSE) in 2016 and 2015, it is a small percentage when compared against the new inflow during the earlier years, said Chief Executive Officer of the CSE, Rajeeva Bandaranayake during a recent media briefing at the CSE. “The net foreign inflow recorded…
French auto major Renault is looking to enhance exports from India to neighbouring countries and Africa as it seeks to make the country a manufacturing hub. “Last month we started exporting Duster and Kwid to Sri Lanka. This month we will be entering Nepal while we also prepare to enter Bhutan,” Sumit Sawhney, country CEO…
Sri Lanka is banking on its growing tourism industry to entice more Qatari nationals and expatriates to visit the country’s tourist destinations, ambassador W M Karunadasa has said. “Many Qataris visit Sri Lanka but still many people do not know about the beauty of Sri Lanka and the many destinations that the country can offer…
The 24th Annual General Meeting and the 25th Anniversary celebrations of the Sri Lanka – Canada Business Council of the Ceylon Chamber of Commerce was held on 4th August 2016 at the Residence of the High Commissioner for Canda in Sri Lanka, Her Excellency Shelley Whiting. Sri Lanka – Canada Business Council was inaugurated by…
~ Inclusive value chain model strives to empower communities while delivering greater business results Continuing to expand its engagement with the country’s Estate sector, Unilever Sri Lanka launched the Unilever “Perfect Estate” programme at the Dambetenne Estate recently. Mr. Carl Cruz, the Chairman of Unilever Sri Lanka inaugurated the launch. He also ceremonially opened the…
Dialog Axiata PLC announced, Monday 08th August 2016, its consolidated financial results for the six months ended 30th June 2016. Financial results included those of Dialog Axiata PLC (the “Company”) and of the Dialog Axiata Group (the “Group”) post-consolidation with subsidiaries Dialog Broadband Networks (Pvt) Ltd (“DBN”), Dialog Television (Pvt) Ltd (“DTV”) and Digital Holdings…
LMD – Amidst domestic and international challenges, Sri Lanka’s economy grew by 5.5 percent year-on-year (y-o-y) in the first quarter of this year, in real terms, compared to 4.4 percent in the corresponding period of 2015, according to the Ministry of Finance’s Mid-Year Fiscal Position Report 2016. The report also reveals that government revenue increased…
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