Sri Lankan Airlines is to introduce three more flights to Riyadh thereby increasing the total number of flights to five per week effective from December, 13 2012.
The long-term Treasury bill yields edged up at yesterday's auction for the reissue of Rs.15 billion T-bills with offers for three-month bills being rejected, the Public Debt Department of the Central Bank said
Turkey is in discussions to strengthen air-links with Sri Lanka as a precursor to improving bilateral trade between the two countries, according to visiting Turkish Ambassador, Serpil Alpman.
NDB Capital Holdings PLC today announced the introduction of a family of fixed income indices in Sri Lanka which would measure the performance of government securities of selected maturities namely; NDBIB-CRISIL 91 Day T-Bill Index, NDBIB-CRISIL 364 Day T-Bill Index, NDBIB-CRISIL 3 year T-Bond Index and NDBIB-CRISIL 5 year T-Bond Index
GlaxoSmithKline (GSK), one of the world’s largest research based pharmaceutical and healthcare companies in the world is planning to invest Rs.200 million Sri Lanka to set up a manufacturing plant to locally produce its well known pain relief balm and gastritis treatment pill
Sri Lanka’s state-owned banking giant has been ranked amongst the top 1,000 banks in the world, by the world’s premier banking and finance magazine, ‘The Banker’, the 73-year old bank said.
Alliance Finance Company PLC has been able to successfully raise Rs.1 billion through a debenture issue for the purpose of increasing its Tier II capital and liquidity position, a statement by the Managers to the issue said
At the Effie Awards Night 2012 held recently, AVIVA NDB Insurance became the only insurer to win an Effie for the second year in a row. AVIVA NDB received a coveted Silver Effie for health insurance.
Jonathan Auerbach, who explored new frontiers for investors as co-founder of Auerbach Grayson & Co., a brokerage that specializes in international trading, has died at 70, Bloomberg newswire reported
Etihad Airways, the national airline of United Arab Emirates is to opearte daily flights to Colombo from January 2, 2013 amidst growing demand, the airline said in a statement
Sri Lanka’s apparel major, MAS Holdings is to make the biggest single investment in the history of its operations, as the firm is planning to set up US $ 70 million automated knitting plant, a press statement by the country’s investment promotion agency said
The Treasuries yield rose across all maturities at the auction held yesterday where the government sold 23.6 billion in Treasury bills
International baby-product retailer Mothercare, opened its first store in Sri Lanka through a franchise partnership agreement with Softlogic group this week.
The Court of Appeal held that in the case of a recovery of Employees’ Provident Fund dues, from a Company under liquidation, that the Commissioner General of Labour must seek to recover the same from the Liquidator of the Company and not from its Directors.
Last night, at the EFFIE Awards 2012, WORDS Advertising struck Gold. WORDS was recognized with Sri Lanka’s first and only EFFIE Gold by the distinguished panel of judges for their work on “Trail”.
Sustenance of the insurance industry remains dubious, following the intense price competition that is prevalent in an overcrowded market, which is found eroding the underwritten profits of insurers, a veteran insurer in the country said.
Nestlé Lanka PLC, a unit of Switzerland-based Nestlé S.A., yesterday announced the appointment of a new Managing Director with effect from January 1, 2013
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.
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