Airbnb partners with SLTDA to sign first strategic partnership in Sri Lanka Launches over 40 bookable experiences across Sri Lanka, designed and led by locals Airbnb and the Sri Lanka Tourism Development Authority (SLTDA), the national tourism ministry, announced a strategic partnership to launch Airbnb Experiences in Sri Lanka and drive local, authentic and…
Leading diversified conglomerate, Hayleys PLC, generated strong top-line performance across all of its key business verticals resulting in a 74% Year-on-Year (YoY) increase in revenue up to Rs. 50.6 billion during the quarter ended 30th June 2018 (1Q19). The Group’s first quarter results reflect a significant expansion in turnover led by its Consumer & Retail , Transportation &…
Reuters – Sri Lankan shares rose for a second straight session on Thursday and posted their highest close in more than two weeks, as foreign investors continued to buy into market heavyweight John Keells Holdings after recent selloff. The Colombo stock index closed 0.57 percent higher at 6,155.41, its highest close since July 25. The…
Reuters – The Sri Lankan rupee closed marginally weaker on Thursday on importer dollar demand, while dealers expect the local currency to stabilise around the current level in the short term. The rupee, which hit an intraday low of 160.10 per dollar, ended at 159.95/160.10, compared with Wednesday’s close of 159.90/160.00. It hit a record…
The University of Calgary in Canada today signed agreements with two of Sri Lanka’s top universities to collaborate on educational and research activities and exchanges of students, faculty and staff, with the next planned step of exploring a PhD Cotutelle program (dual degree program) between University of Calgary and the two Sri Lankan universities. University…
Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) reported top line growth of 8.0% YoY to stand at Rs.5.6 billion during the first quarter of the current financial year (1QFY19). The top line increase was mainly by strong performances in consumer and healthcare sectors, and despite a slight degrowth within the agribusiness sector. Profit…
Domestic sales volume at a 6% growth Sri Lanka’s Ceylon Tobacco Company PLC’s (CTC) a unit of British American Tobacco, contribution to government coffers in terms of Excise and other Levies tops over Rs. 30.17 billion in the second quarter ended June 2018, latest results outline. The report stated that CTC remains committed to create value…
Addressing the Parliament yesterday (08) Sri Lanka’s Prime Minister Ranil Wickremesinghe said that a fuel price hike was imminent, as a result of the US economic sanctions imposed on Iran. “The US sanctions on Iran could affect Sri Lanka adversely. We don’t know whether this would result in an oil price hike, as Sri Lanka…
Dialog Axiata PLC announced its consolidated financial results for the six months ended 30th June 2018. 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”), Digital Holdings Lanka (Pvt) Ltd (“DHL”) and Colombo Trust Finance…
Reuters – Sri Lankan shares edged up on Wednesday as foreign investors sought bargains after a sell-off in the previous session pushed the bourse to four-week lows. The Colombo stock index closed 0.05 percent higher at 6,120.69 from 6,117.63 on Tuesday, which was its lowest closing level since July 11. The index has declined about…
Video Story
