The Hambantota International Port (HIP) entered into a partnership with the National Apprentice and Industrial Training Authority (NAITA), to provide training programmes for youth in areas adjacent to the port. The program has been developed with a view to ready trainees for possible employment in port and allied industries. NAITA is no stranger to the…
Mangala Yapa has tendered his resignation from the position of Chairman of the Board of Investment (BOI) and ceased to function as the Technical Advisor to Minister of Development Strategies and International Trade with effect from 18 November, ending a short tenure in the public service. “I resigned on my own volition. BOI chairmanship (and…
Ocean Lanka (Pvt.) Ltd., Sri Lanka’s largest weft knitted fabric manufacturer, has recently received the honor of achieving the status of system partnership with Bluesign®. Bluesign® is a Swiss holistic system that provides solutions in sustainable processing and manufacturing to industries and brands. Ocean Lanka stands out as the first evermanufacturer within the textile and…
Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) posted consolidated revenue of Rs. 10.5 billion, resulted in a 3.0% Year-on-Year (YoY) decrease. Consolidated revenue of the Group decreased due to the sale of a majority stake in the tea plantation business represented by Hatton Plantations PLC (HPL) during the first quarter. Profit after tax…
(Reuters) – Sri Lankan shares hit their highest level in more than a year on Tuesday, while the rupee rose to a three-month peak, as former wartime defence chief Gotabaya Rajapaksa assumed his presidential duties. ** Rajapaksa assumed office as the seventh president of the island nation on Tuesday after he won elections over the…
Macquarie Group’s CEO Shemara Wikramanayake is the highest-paid chief executive in Australia – becoming the first woman to take the title position – according to The Australian Financial Review’s latest CEO pay survey. Wikramanayake topped the latest list with a reported pay of more than $18 million, according to the survey, conducted by data company OpenDirector….
Former Central Bank Deputy Governor S.R. Attygalle has been appointed as the new Secretary to the Treasury and the Ministry of Finance. S.R Attygalle has over 27 years of service in the Central Bank and prior to the appointment as a Deputy Governor, Attygalle held the position of Assistant Governor of the CBSL and has been…
PBT up 54.8% to Rs 5.8 billion on net income of Rs 22.8 billion Net premium income grows 5.5% to Rs 13.3 billion Life Fund increases by 4.8% to Rs 92.3 billion Ceylinco Life has posted robust income and profit growth for the nine months ending 30th September 2019, continuing the Company’s sector-leading performance into…
Standard Chartered Bank (SCB), in a note to investors, said that the new government will have 4-5 years to tackle the twin challenges of boosting growth and improving debt sustainability. “We expect GDP growth of 2.6% in 2019, and a wide fiscal deficit of 5.9% of GDP, with risks of slippage. Government debt will remain…
(Reuters) – Sri Lankan shares jumped to their highest in more than a year in heavy volume, while the rupee rose to a two-and-half month high on Monday, after former wartime defence chief Gotabaya Rajapaksa won the presidency by a big margin. ** Rajapaksa made national security his top priority after being sworn in on…
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