Sri Lanka ICTA head Muhunthan Canagey tenders resignation
Aug 14, 2017 (LBO) - Sri Lanka's head of ICTA Muhunthan Canagey has resigned on Monday after a request from the president. "I have been asked to resign by His …
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Aitken Spence records 42-pct profit growth in first quarter
Blue chip conglomerate Aitken Spence PLC reported a pre-tax profit of Rs 678 mn for the first quarter, while the Group’s profit attributable to shareholders …
Fitch places Sri Lanka’s HDFC Bank on rating watch Negative
Fitch Ratings has placed Housing Development Finance Corporation Bank of Sri Lanka's (HDFC Bank) National Long-Term Rating of 'BBB(lka)'on Rating Watch …
Hayleys records 61-pct dip in PBT to Rs.408Mln, Turnover up 21-pct to Rs.29Bln in Q1
(PRESS RELEASE) - Hayleys Group said that despite improved revenue, it was a challenging quarter for the group, during which Profits Before Tax (PBT) …
Farewell for Ambassador Prasad Kariyawasam in Washington D.C.
“Though I wind up as Ambassador to the USA, I want to say that I will forever remain an Ambassador for ‘U.S.-Sri Lanka relations.’ I believe there is so …
Sri Lanka’s Haycarb PLC record revenue of Rs.3.3Bln,PBT Rs.151Mln for Q1 2017/18
(PRESS RELEASE) - The Sri Lankan multinational Haycarb PLC reported revenue of Rs. 3.3 billion and profit before tax of Rs 151 million for the first quarter of …
Cloud-based 99RetailStreet ‘unorganised retail’ platform now in SL
99RetailStreet, a Cloud-based Common Commerce Platform provides services to "Kades", individual pharmacies and other small retailers. The 99RetailStreet …
Applications for UK government’s Chevening Scholarships open
The Chevening Secretariat is accepting applications for UK Government scholarships to study in the UK in 2018/2019. Applications for Chevening Scholarships are …
Sri Lanka’s Lakshman Athukorala appointed to UN Audit Committee
(PRESS RELEASE) - Chartered Accountant Lakshman Athukorala was recently appointed to the Independent Audit Advisory Committee of the United Nations Industrial …
Advantis Bunkering strengthens commitment to safety with OHSAS certification
Advantis Bunkering was recently awarded the International Occupational Health and Safety Assessment Series certification or OHSAS 18001:2007 by Société …
Sunshine group profits up by 32.5-pct to Rs540 mln in 1Q
(PRESS RELEASE) - Sri Lankan conglomerate Sunshine Holdings reported impressive growth in top and bottom line performances during the first quarter of the …
Mastercard and PayPal expand Partnership in Asia Pacific to spur mobile and digital commerce
(PRESS RELEASE) - Singapore, 3August 2017 – Mastercard (NYSE: MA) and PayPal (NASDAQ: PYPL) today announced an extension of their partnership into Asia …
Sri Lanka’s Opex Holdings invests Rs550 mln in liquid fertilizer plant
Aug 03, 2017 (LBO) - Opex Holdings, an agriculture company, said that they have invested 550 million rupees in a liquid fertilizer manufacturing plant in …
Sri Lankan-born chef Rishi Naleendra wins first Michelin star
Aug 02, 2017 (LBO) - Sri Lankan-born chef Rishi Naleendra, who heads Cheek by Jowl, a Singaporean restaurant serving Australian cuisine, has become the first …
Hambantota port loan to be transferred from Ports Authority to Treasury: MR
MEDIA RELEASE BY MAHINDA RAJAPAKSA Selling Sri Lanka The manner in which the government privatised the Hambantota port has shocked the nation. Parliament was …
Seylan Group shows strong 1H performance with 32-pct growth
Seylan Bank and its Group reported a strong growth momentum with its performance for the six months ended 30 June 2017. Seylan group recorded a net profit …
Australian purchases in the stock market hits an all-time high
(PRESS RELEASE) - Foreign inflows to the stock market originating from Australia indicate a figure of Rs. 626.4 million year-to-date, which is an all-time …
Comparative experiences: Operationalizing the 25% quota for women in Local Government
(PRESS RELEASE) - 31 July 2017, Colombo: A discussion forum on operationalizing the 25% quota for women in Local Government, and comparative experiences on …
Fitch downgrades Lion Brewery to A+(lka); outlook negative
Fitch Ratings has downgraded Sri Lanka's Lion Brewery (Ceylon) PLC's National Long-Term Rating to 'A+(lka)' from 'AA-(lka)'. The Outlook is Negative. The …