Reuters – ** Sri Lanka’s rupee ended weaker on Tuesday, as banks bought dollars to facilitate stock-related outflows and importer greenback demand, market sources said. ** The stock market closed down as foreign investors continued selling for the second straight session on Tuesday. ** The rupee closed at 178.30/40 per dollar, compared with Monday’s close…
IndiaTimes – Global warming, air pollution and other such environmental anomalies are not news to many around the world. Yet, it is seldom that anyone takes the responsibility of tackling these issues on their own. Sasiranga De Silva, a 33-year-old engineer from Sri Lanka is one such personality, and his efforts have most recently been…
SriLankan Engineering, the aircraft Maintenance-Repair-Overhaul (MRO) arm of Sri Lanka’s national carrier, achieved another milestone when it successfully carried out its first C-check on an Airbus A320neo aircraft of the SriLankan Airlines fleet at its main hub at Colombo’s Bandaranaike International Airport (BIA). Vipula Gunatilleka, Chief Executive Officer of SriLankan Airlines, said: “The highly…
The BOI’s Horana Export Processing Zone contributed US$ 31.8 Mn (Rs.5, 796.7 Mn) in export revenue as at end of 2018. Horana Export Processing Zone is located in the Kalutara District in the Western province. It is located 80 Km away from Bandaranayake International Airport, 55 Km from Colombo Port and only 18 Km to…
A leading UK manufacturer has gained BOI approvals to begin laying the foundation for its newest state of the art manufacturing facility in Sri Lanka. Flexicare (Group) Limited is a UK headquarted manufacturer and supplier of medical devices, with subsidiaries in over 12 countries and 2 manufacturing sites, providing disposable medical consumables to over 110…
Iconic Sri Lankan multinational, Hayleys PLC, recorded a strong all-round performance in the third quarter of 2018 (3Q18), as the Group turnover rose by 20% Year-on-Year( YoY) to Rs. 59.7 bn, resulting in a sharp 80% YoY increase in Group’s Earnings Before Interest, Tax, Depreciation and Amortisation ( EBITDA) toRs. 9 bn for the quarter…
Central Bank says awaiting to receive balance US $ 16 Mn out of US $ 75 Mn from ETI’s investors, further clarifies on sale of ETI related companies and assets Sri Lanka’s financial market regulator in a statement released to general public on yesterday (11th February) said that some misinformation is circulating pertaining to ETI Finance Ltd…
Reuters – ** Sri Lanka’s rupee ended a tad higher on Monday, as exporters and foreign banks sold dollars, amid government securities’ purchase by foreign investors, market sources said. ** The stock market, however, closed slightly weaker, while foreign trading boosted the turnover. ** The bond market saw inflows of 11.4 billion rupees in the…
Sri Lanka is negotiating with Russia the purchase of a new batch of Russian Mi-17 helicopters, which the country will use in UN peacekeeping missions, Sri Lankan Ambassador to Russia Dayan Jayatilleka had told Sputnik News on Sunday, international reports noted recently. “There is a commission that discusses the purchase of Mi-17 helicopters,” Jayatilleka…
Interview with the President and Vice President of SLIM Following the announcement of the launch of the SLIM Nielsen Peoples’ Awards program for the 13th consecutive year, the President of SLIM, Mr. Pradeep Edward and the Vice President, Mr. Roshan Fernando shared with us the history, purpose and process of the only awards campaign in…
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