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.
The number of internet and email subscribers in Sri Lanka increased by 77.3% Year-on-Year (YOY) during the second quarter of this year reaching approximately 1.15 million subscribers according to the latest economic indicators report from the Central Bank of Sri Lanka.
John Keells group's, Ceylon Cold Stores, popularly known as Elephant House, saw a 4 percent year-on-year (YoY) decline in net profits to Rs.179.3 million for the September quarter (2Q13), with its Keells Super supermarket chain still in the red, the interim financial accounts released to the Colombo Stock Exchange showed
Sri Lanka was highlighted alongside the frontier markets Vietnam and Bangladesh, as being ideal investments for foreign investors with a high risk appetite seeking to diversify their equity portfolios, in an equity strategy report from HSBC.
The Lankan Angel Network (LAN), the first of its kind in Sri Lanka is launched with the purpose of bringing together the Sri Lankan investor and mentor community and to scale the startup ecosystem.
New motor vehicle registration during the month of August fell 38.7 percent Year-on-Year (YoY) to 27, 766 amidst import duty increase on motor vehicles, the official data issued by the Central Bank showed.
In its continuous mission to lead Sri Lanka’s ICT transformation across the island, the National Mobile Service Provider, Sri Lanka Telecom Mobitel opened its second regional contact centre in Mullaitivu recently.
Addressing a forum and panel discussion on the topic of ‘Capital Markets, Integrity and Development’ organized by the European Chamber of Commerce of Sri Lanka, Dr Batagoda voiced his opinion on the right of information in Sri Lanka.
G20 finance chiefs yesterday began two days of talks aimed at quelling fears of a global economic downturn amid a persistent Eurozone debt crisis and a looming fiscal crunch in the United States.
Avirate, a truly Sri Lankan brand is not only expanding locally, but internationally as well. They are proud to announce that they have expanded in India as of recent in UB City Bangalore, India’s first Luxury Mall.
Treasury yields rose across all maturities at yesterday auction with 12-month longterm yields rising most, the Public Debt Department of the Central Bank said.
The banking unit of John Keells group, Nations Trust Bank (NTB) has appointed Arjuna Gunaratne as its new Chairman with effect from today
For the third consecutive year, Sri Lanka’s National Mobile Service Provider, Sri Lanka Telecom Mobitel won the coveted ‘Excellence in Engineering’ award, under the category ‘Infrastructure – Service Sector: Large” at the Annual Engineering Excellence Awards 2012 presented by the Institution of Engineers, Sri Lanka (IESL).
Geely, the Fortune 500 Chinese automotive multinational that now owns 100% of Sweden’s Volvo and part produces the famed London’s black taxi cabs, is entering Sri Lanka.
The National Mobile Service Provider, Sri Lanka Telecom Mobitel held its Business Partner Awards Convention recently at the Sri Lanka Foundation Institute in Colombo.
The Kandy Cancer Treatment Unit Fund signed a M.O.U. with Sri Lanka’s famous son, Muthiah Muralidaran, appointing him as Brand Ambassador, on the 18th of October.
Sri Lanka must break its colonial chains of being a follower and facilitate an environment where innovation and invention can lead the economy out of ‘Third World’ status’, Senior Minister of Scientific Affairs Prof. Tissa Vitarana stated at the Ray Awards ceremony held on Wednesday.
The management of the Employee’s Provident Fund (EPF) must be removed from the control of the Central Bank of Sri Lanka in order to prevent conflicts of interest, according to Opposition Member, Dr. Harsha de Silva.
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