Not all accountants confident leaders: CIMA official

?Even though Sri Lanka is blessed with a large number of qualified accountants, not everyone is equipped with the communication and leadership skills required to sell an idea to their bosses and hence fail short of becoming what the corporate sector needs - competent leaders. 

Dialog supports Galle Lit Festival

?Sri Lanka’s premier connectivity provider, Dialog Axiata PLC, has stepped in as the Gold sponsor of the prestigious 2015/2016 Galle Literary Festival.

CA Sri Lanka-qualified Chartered Accountants are known for their integrity world over: FCA Member

Chartered Accountants are well known as a brand of unique and versatile professionals, who are sought after both locally and globally.

Rotaract District 3220 holds 25th Rotaract District Assembly

?Rotaract District 3220 held its 25th Rotaract District Assembly, the highlight of the Rotaract calendar, in grandeur recently at Hotel Ramada, under the theme ‘Together Towards Tomorrow’.

IIT Campus showcases innovation, entrepreneurship and gaming at Cutting Edge 2015

?Students from the Informatics Institute of Technology (IIT Campus) displayed many groundbreaking projects at the Cutting Edge 2015 exhibition organised by the campus this year. 

Cheap credit boosts DIMO June quarter; profits up over 650%

Diesel & Motor Engineering PLC (DIMO), agents for Germany’s Mercedes Benz and India’s Tata vehicles saw its June quarter (1Q16) net profit surging as much as 655 percent year-on-year (yoy)

S&P affirms ‘B+/B’ ratings on Sri Lanka with Stable outlook

Standard & Poor’s Ratings Services (S&P) yesterday affirmed its ‘B+’ long-term and ‘B’ short-term sovereign credit ratings on Sri Lanka. The outlook remains Stable.

Textured Jersey June net profit up 26%

Weft knit manufacturer Textured Jersey Lanka PLC (TJL) reported a net profit of Rs.206 million for the quarter ended June 30, 2015 (1Q16), up 26 percent year-on-year (yoy).

Lanka Hospitals 2Q15 June profits soar

State-controlled Lanka Hospitals Corporation PLC saw its net profit for the June quarter (2Q15) increasing to Rs.371.3 million from Rs.211.5 million reported in the corresponding quarter of the previous year.

Singer Sri Lanka reports impressive first half

Singer Sri Lanka recorded Rs.18 billion in revenue, a 28 percent surge in the first half of the 2015 financial year compared to the previous year.

Ravi vows to crush crony capitalist monopolies

Industry monopolies created through protectionist policies of crony capitalism will be brought down by opening the markets,

Restructuring begins to pay off; Expolanka June net up 28%

Japan’s Sagawa group unit, Expolanka Holdings PLC, saw its net profit for the June quarter (1Q16) increasing 28 percent year-on-year ....

Vidullanka subsidiary enters power purchase agreement with Ugandan govt.

Muvumbe Hydro Limited, a subsidiary of mini hydro developer Vidullanka PLC, has entered into a power purchase agreement...

Lanka IOC’s woes continue as June net plunges 86%

The local unit of the Indian oil giant, Lanka Indian Oil Company PLC (LIOC), saw its net profit for the quarter ended June 30, 2015...

Global dairy prices collapse to 13-year low

agrimoney.com: Global dairy prices have plunged to a 13-year low, with whole milk powder suffering particularly sharp losses.

ADYAPANA 2015 higher education, career exhibition in October

The first exhibition held immediately after the Advanced level examination, ADYAPANA 2015, the higher education and career exhibition, will be held for the 10th consecutive year from October 2 – 4, at the BMICH Colombo.

APFASL organises inaugural public sector Best Annual Report and Accounts Awards

In an effort to enhance transparency and accountability in the public sector and to encourage excellence in the presentation of information in the annual reports and accounts,...

Local companies must be innovative when entering Chinese market: SLCBC

?The Sri Lanka – China Business Council (SLCBC) urged local companies to think differently and be innovative in their approach if they aim on setting a firm foot in the Chinese market.

Exim Bank for Sri Lanka in the offing: Eran

?Sri Lanka must seriously look at setting up an Export-Import Bank (Exim Bank) in a bid to rev up the exports which have now come down to just 14.9 percent of Gross Domestic Product (GDP) from 33 percent in year 2000. 

Economist ridicules previous regime’s trade policy and calls it ‘Stupidnomics’

?Sri Lanka’s international trade policies hawked by the former Treasury Secretary Dr. P. B. Jayasundera were termed ‘Stupidnomics’ by a leading economist who has carried out extensive research on global trade policy.

Full access to PayPal soon: ICTA Chief

?The world’s most popular payment gateway service PayPal which facilitates e-commerce across borders will be opened up for Sri Lankans very soon, Sri Lanka’s state-run ICT agency Chief said. 

July records 2nd highest monthly tourist arrivals ever

Tourist volumes to Sri Lanka in July grew 31.2 percent year-on-year (yoy) to the highest ever arrivals of 175,804, with China overtaking India as the largest tourism source market for the first time.

Overseas Realty records Rs. 1.5 bn profit for 1H15

Overseas Realty (Ceylon) PLC in its performance, reported a group net profit of Rs 1.5 billion for the first 6 months ended 30th June 2015, 

Norfolk Foods adds flavour to Culinary Arts 2015

Norfolk Foods Pvt Ltd, the innovation-centric contender in the Sri Lankan frozen food manufacturing arena is a trusted brand name both locally and internationally. 

DSI ups the ‘Beat’ with Bhathiya and Santhush

The place of the colourful and ubiquitous flip-flop in local fashion has been reaffirmed, with one of Sri Lanka’s most popular singing...

Blue Mountain tops Rs. 1 bn revenue mark in 1Q16

?Real estate company, Blue Mountain Properties has recorded a revenue of Rs. 1 billion in Q1 of the financial year 2015/2016. 

Johnson’s Baby promo winners visit Universal Studios

To appreciate the joy of motherhood and to reward the loyalty, Johnson’s Baby successfully conducted a mega promotion under the theme...

Lanka Hospitals’ Parent Crafting Programme marks 50th session

Becoming a parent especially for the first time is a daunting experience.  

ACL Cables wins Export Award for entering new markets

ACL Cables, the leading cable company in the country with 70 percent market share as a group and over ....

Lamudi Sri Lanka examines capacity of nation’s start-up culture

A growing number of Internet start-ups have been investing in Sri Lanka over the past couple of years.