Eurocars (Private) Limited, the official Porsche importer in Sri Lanka, is organizing for the first time a Porsche approved preowned car fair from March 8 to 9, at Arpico car park at Union Place.
Consumer durables retailer Singer Sri Lanka said it recorded ‘marginal growth’ for the year ended December 31, 2013 (FY13) amid challenging business environment aggravated by low customer demand.
Sri Lanka Telecom PLC, the leader in fixed telephone services in the country has raised US $ 100 million five- year term loan facility with the support of HSBC and Sampath Bank.
United National Party Parliamentarian and economist, Dr.Harsha de Silva yesterday once again raised the issue of non-submission of audited accounts of Employees’ Provident Fund (EPF) —the largest superannuation fund controlled by the Central Bank—to the Parliament for the year 2011.
Avirate, the leading women’s clothing retailer in Sri Lanka held a press conference on Friday 21st Feb 2014 to announce the launch of their new Spring/Summer 2014 collection, combining casual, sassy street wear, festival trends and elegant evening wear & also to talk about their expansions globally this 2014.
Sri Lanka could benefit and seek higher growth from global electronic payment trends, falling in line more with the current cashless spending patterns, a top official from the US financial services multinational, MasterCard said.
Me Idea, the creative agency of Loops Solutions, the leading digital marketing company in Sri Lanka was launched on Friday, 21st February 2014, offering for the first time in Sri Lanka, one of the most innovative and creative solutions to revolutionise the marketing industry through crowdsourcing.
Oceanpick (Pvt.) Ltd, a local company seeking to pioneer sustainable marine aquaculture, recently installed the country’s first sea cage, initiating offshore fish farming off the Eastern coast of Sri Lanka.
The Sri Lanka Computer Emergency Readiness Team Coordination Centre (Sri Lanka CERT CC) established in 2007 to protect the country’s information infrastructure and coordinate protective measures against cyber security revealed that it receives about 200 complaints monthly related to cyber crime, cyber threats and hacking.
The Hayleys group subsidiary Alumex Limited yesterday announced its plans for an Rs.838 million Initial Public Offering (IPO), to finance a capital requirement to set up a powder coating plant and also to benefit from a government tax discount.
Facebook Inc will buy fast-growing mobile-messaging startup WhatsApp for $19 billion in cash and stock, as the world's largest social network looks for ways to boost its popularity, especially among a younger crowd
Dialog Axiata, the local unit of Malaysia’s Axiata Group said its net profit for the quarter ended December 31, 2013 (4Q13) increased to Rs.1.1 billion from Rs.927 million it reported in the same period last year.
President and CEO of Canon Singapore Pte Ltd, Kensaku Konishi arrived in Sri Lanka this morning on the invitation of Metropolitan Group, Canon’s local agent for the past 35-years.
Fashion Bug, one of Sri Lanka’s leading retail clothing stores with over 17 outlets island-wide, clinched a Gold award for ‘Best Key Account Partner’ at the recent Annual Sales Conference of Triumph International held on 7th February at Hotel Galadari.
The US$ 3 billion construction company, Shapoorji Pallonji has been appointed the main contractor for Sri Lanka’s Altair residential twin tower in Colombo.
Hayleys PLC posted a profit of Rs. 338.6 million during the quarter ended 31st December 2013, down sharply from the previous Rs. 662.4 million.
Boeing maintained its 20-year forecast for airplane demand at US $ 4.8 trillion and predicted that nearly half of the world’s air traffic growth would be driven by travel to, from or within the AsiaPacific over the next two decades.
Commercial Bank of Ceylon has signalled its intentions to sharpen its focus on the sphere of investment banking, with the relaunch and renaming of its Corporate Finance Unit as ‘Commercial Bank Investment Banking’ to reflect the broader dimensions of the unit.
Post-war infrastructure development in the North and East involved the construction and rehabilitation of a number of bridges and culverts along various roads.
Ceylon Cold Stores PLC profits improved by a drastic 315 percent year-on-year (YoY) to Rs.259.4 boosted by strong operating profits during the quarter ended December 31, 2013. The turnover increased by 8 percent YoY to Rs.6.30 billion while the cost of sales increased by a modest 6 percent YoY to Rs.5.48 billion, leading in turn to a gross profit of Rs.826.1 million, an increase of 24 percent YoY.
ISM eCommerce recently signed an agreement with the Board of Investment (BoI) for setting up a project to develop software and provide business process outsourcing (BPO) services for the export market. The total value of this investment is US $ 3 million.
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