Sri Lanka's Treasury bill yields rose across all maturities yesterday with three-month and 12-month yields rising most, the Public Debt Department of the Central Bank said
Unilever Chief Executive Officer, Paul Polman is scheduled to arrive in Colombo today. Accompanying Polman will be Chief Operating Officer, Harish Manwani, and Executive Vice President of South Asia, Nitin Paranjpe. During this visit, Polman will be inaugurating Unilever Sri Lanka’s new manufacturing facility in Horana.
Sri Lanka's first-ever Young Water Professionals Symposium (YWPS) will be held on Thursday, November 22, at the Galadari Hotel. Minister of Water Supply and Drainage Minister the Hon. Dinesh Gunawardena will be the chief guest and 2007 Nobel Peace Prize co-winner Prof. Mohan Munasinghe the keynote speaker.
Mobitel, the country’s National Mobile Service Provider continued to grow its revenue despite heavy competition in the industry. Revenue for the first nine months of 2012 grew by 14% from Rs.15.9bn to Rs.18.2bn compared to the same period in the previous year.
Anticipated high capital expenditure for Sri Lankan telecommunications companies (telcos) will likely translate into a challenging year for smaller operators in the country over the course of next year, according to a report from Fitch Ratings.
Sri Lanka's Finance Ministry today entered into an agreement with Asian Development Bank (ADB) for additional financial assistance to improve the road connectivity between the country’s Northern Province and other provinces
Singer Sri Lanka f urther strengthened its position as the leader in Sri Lanka’s consumer durables sector as the Singer Group’s revenue rose by Rs. 3.2 billion to Rs. 18.7 billion, at the end of the third quarter.
Sri Lanka’s Aitken Spence PLC said its net profit for the quarter ended September 30 (2Q13) rose to Rs.731.4 million against Rs.468 million reported in the same period of the previous quarter, largely helped by strong gains from tourism operations.
The Islamic finance industry in Sri Lanka achieved another milestone in its fast evolving history, with the launch of Sri Lanka’s first-ever Shariahbased income fund recently.
Amana Bank’s Managing Director/CEO Faizal Salieh delivered a country presentation on the topic ‘The Journey of Islamic Finance in Sri Lanka’ at the IFN Asia Forum held in Kuala Lumpur, Malaysia recently.
The BOI signed an agreement with Plumbago Lanka (Pvt) Ltd facilitating a business venture for mining and to export value added graphite. The company plans to invest US$20 to US $78 million over the next 4 years
Mobitel and Ministry of Telecommunication & Information Technology launch revolutionary Upahara Internet Package for state sector employees
In its continuous efforts in revolutionizing the ICT sector, Sri Lanka Telecom Mobitel – the country’s National Mobile Service provider launched ‘Mobitel Upahara’ for state sector employees back in 2008.
Knit fabric manufacturer Textured Jersey Lanka PLC (TJL) demonstrated its operating excellence by doubling net profits for the quarter ended 30 September 2012 (2Q FY2012/13), as per the financial results released to the Colombo Stock Exchange (CSE).
Aitken Spence bagged the Best Corporate Citizen Award 2012 at the annual Best Corporate Citizen Award ceremony organised by the Ceylon Chamber of Commerce, at Cinnamon Grand yesterday. Singer (Sri Lanka) became the first runner up, while Ceylon Biscuits Limited was the second runner up.
Lanka Cement PLC plans to enter into a joint venture with other international cement manufacturers to set up a cement grinding and packing plant in an area outside the high security zone in Kankesanthurai, according to Lanka Cement Managing Director and Chairman, N.S.M. Samsudeen.
John Keells Holdings (JKH), the largest company listed in the Colombo Stock Exchange (CSE) in terms of market capitalization, has recorded a net profit of Rs.2.4 billion for the September quarter (2Q13), up by 59 percent Year-on-Year, the interim accounts released to the CSE showed.
The tax extensions on supermarkets and large scale trading operations proposed in the Budget 2013 are likely to negatively impact listed entities with retail arms, CT Smith Stockbrokers, a stockbroker with a predominantly foreign clientele said in a post-budget report.
Higher finance costs, rupee depreciation and lack of one-off gains originating from sale of holdings in subsidiaries during the first half of the financial year 2012/13 have adversely impacted the profitability of Hayleys PLC, a diversified blue chip listed on the Colombo Stock Exchange.
Sri Lanka’s Commercial Bank PLC’s consolidated net profit for the nine months ended September 30, 2012 rose 25 percent year-on-year to Rs.7.6 billion, while net profit for the September quarter (3Q12) stood at Rs.2.3 billion, up 11.55 percent YoY, the interim financial accounts showed.
Doha, QATAR – Qatar Airways is offering customers in Qatar and around the world great savings to more than 100 destinations during its latest three-day global sale starting at midnight.
For the first time in Sri Lanka, Mobitel gives you the opportunity to purchase tickets for cricket matches via your Mobitel phone. This special service, offered via the National Mobile Service Provider’s mTicketing platform, is available by simply dialing 365 from any Mobitel connection.
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