Business

Treasury bill yields remained more or less flat at the second T-bill issue after the policy rate cut by the Central Bank with 12-month bill yields edging up 2 basis points

A Darlington firm has signed a £35 million contract to build hundreds of road bridges in Sri Lanka, BBC reported. Cleveland Bridge will design and build the structures in jungle and rural areas of the country

The Rs.1.5 billion debenture issue by Singer (Sri Lanka) PLC has been oversubscribed and issue will close at 4.30 pm today as per the Prospectus

A substantial decrease in finance costs enabled Lanka IOC PLC (LIOC) to post a net profit of Rs.805.9 million for the three months ended March 31, 2013 (4Q12) as against Rs.42.6 million during the corresponding period of the previous year, interim financials released to the Colombo Stock Exchange revealed

Despite generally stronger economic growth achieved by Sri Lanka during the recent past, the International Monetary Fund (IMF) claims that the growth has failed to reduce poverty at a similar pace, particularly in less - developed provinces.

Issuing an Economic Alert, Standard Chartered said that they did not see space for further easing in monetary policy, given the inflation risks remaining high. The bank thus expects the current rates to remain stable at least until 1Q’ 2014.

Nepal’s first Forbes billionaire, Binod Chaudhary has submitted a proposal worth of US $ 75 million to the Sri Lankan government to set up a stateof-the-art cement plant in the Jaffna Peninsula, a statement issued by Chaudhary’s office said.

TIMWOOD is an acronym for the famous Seven Wastes identified by Toyota, presented in a user-friendly manner by Taiichi Ohno, the then Chief Engineer at Toyota. They are the basics of what we learned in.....

Sri Lanka's diversified Hayleys PLC reported a net profit of Rs.490.8 million for the final quarter of FY12/13, up 267 percent year-on-year, helped by increased other income gains and a substantial deceleration of net finance costs.

Premier blue chip John Keells Holdings saw its market capitalization surpassing US $ 2 billion today for the first time amid sharp price gains, the Colombo Stock Exchange (CSE) provisional data showed.

Nepal's first Forbes billionaire, Binod Chaudhary has submitted a proposal worth of US $ 75 million to the Sri Lankan government to set up a state-of-the-art cement plant in Jaffna Peninsula, a statement issued by Chaudhary's office said.

Allianz continued its upward growth trajectory in the first quarter of 2013, achieving a profit before tax of Rs.85 million, a 5  percent increase over last year.

With the first generation of tax reforms failing to generate intended revenues, International Monetary Fund (IMF) has urged authorities to bring about second generation of tax reforms focused on broadening the tax base through improved administration.

Amid ship owners shifting survival mode, smaller ship yards filing for bankruptcy and the damp general global economic outlook, Colombo Dockyard PLC, a Sri Lankan listed ship building and repair firm saw its net profit plunging as much as 55 percent to Rs.337.4 million in 1Q’13 over the same quarter last year.

Iraq, a leading buyer of Sri Lankan tea has urged authorities to strengthen the process with regard to the packaging, certification and shipping of teas to avoid adulterated tea reaching Iraq.

Cattier Champagne one of the most luxurious champagnes since 1763 enters the Sri Lankan market on its 250th anniversary.

Fitch Ratings Lanka has affirmed HSBC Sri Lanka branch's (HSBCSL) National Long-Term Rating at 'AAA(lka)'.The Outlook is Stable.

The Excise Ordinance of 1913 should be amended at least now to address modern day issues, a top official of a leading Sri Lankan brewery stated.

Sri Lanka’s largest e-commerce organization, Kapruka.com has unveiled an exciting shopping experience to Sri Lankans through its ‘Kapruka Global Shop’ which will give customers access to over 50 million global products.

Sri Lanka Telecom, the national telecommunication services provider has successfully connected the country's first and largest Closed Circuit Television (CCTV) surveillance system