Vote with utmost responsibility: Trade chambers

The trade chambers and a professional body yesterday in a special statement requested all Sri Lankans to cast their votes in the upcoming election with utmost responsibility to elect a stable...

Hemas June quarter net profit up 62%

?Diversified Hemas Holdings PLC saw its net profit for the June quarter (1Q16) improving 68 percent year-on-year (yoy) to Rs.415 million, the interim financial accounts released to the Colombo Stock Exchange showed. 

Emergency response ambulance service unveiled for the first time in Sri Lanka

?Sri Lanka’s first-ever emergency rapid response ambulance service was unveiled at the Sri Lanka Foundation Institute recently. The service will be free for all Sri Lankans in every part of the island.

Nestlé Lanka 2Q net profit up 33% to Rs.1.3bn

?Nestlé  Lanka PLC, the local unit of Swiss food and wellness company saw its net profit for the quarter ended June 30, 2015 (2Q15) increasing 33 percent year-on-year (yoy) to Rs.1.3 billion.

Laugfs to set up LPG storage terminal at H’tota Port

Laugfs Gas PLC, Sri Lanka’s only private cooking gas distributor yesterday informed the Colombo Stock Exchange (CSE) its ambitious plans for the Chinese-built Hambantota Port.

Access 1Q net up 10% to Rs.600mn

?Diversified Access Engineering PLC saw its net profit for the quarter ended June 30, 2015 (1Q16) increasing 10 percent year-on-year (yoy) to Rs.600 million, the interim financial accounts released to the Colombo Stock Exchange showed.

UNP-led regime aims to achieve US$ 3bn FDIs by 2017

?Foreign direct investment (FDI) inflows to the country this year are set to exceed the stagnant past figures, and future FDI targets have already been set, according Investment Promotions and Highways Deputy Minister Eran Wickramaratne.

Sri Lanka expects to win GSP Plus “within months”

REUTERS: Sri Lanka is likely to regain a lucrative European Union trade concession for garments exports, the government said yesterday, five years after the South Asian island nation lost the discount over its failure to address human rights concerns.

Sri Lanka looks to strengthen economic, political ties with South Korea

Sri Lanka is looking to enhance the existing political and economic ties with South Korea,....

BoI builds Sri Lanka’s image as destination for investment at Singapore forum

The Board of Investment (BoI) of Sri Lanka in collaboration with the Ceylon Chamber of Commerce (CCC) participated in the forum titled ‘Doing Business in Sri Lanka

FACETS 25th anniversary edition opens on September 3

Premium quality precious stones, exceptional designs and unique pieces will be featured at FACETS Gem and Jewellery....

Milroy Engineers ties up with Lankem to offer Sherwin Williams automotive refinishes

Sri Lanka’s leading auto repair engineers, Milroy Auto Engineers recently tied up with Lankem Paints Ltd to supply the local market....

IESL and UltraTech Cement Lanka sign MoU to expand Building Clinics

UltraTech Cement Lanka and the Institution of Engineers of Sri Lanka signed a Memorandum of Understanding to strengthen their partnership and expand their existing Building Clinic programmes across the island.

Nespray adds ‘Nutri-Up’ to Food and Beverage portfolio

Nestlé Lanka PLC recently announced its latest entrant into the market, Nespray Nutri-Up Ready-To-Drink (RTD),

Textrip launches TT Mackintosh latex bed sheet to local market

Textrip (Pvt) Ltd, one of the entities of the internationally renowned ELASTO Group yet again with its profound experience and unique technology has fabricated the safest latex bed sheet in the world.

Abans offers 4 years warranty on LED TVs for first time in Sri Lanka

?For the First time in Sri Lanka, Abans, the sole agent in Sri Lanka for LG, Toshiba, Konka and Haier LED Televisions, is offering an amazing 4 years warranty on their entire range with no conditions and no extra charge. 

Singer showcases Beko built-in range at Culinary Art Food Expo

?Singer Sri Lanka presented its extensive range of Beko appliances at the recently concluded Culinary Art Food Expo 2015. 

Lanka Hospitals achieves record gains since January 2015

?Lanka Hospitals has reported an outstanding performance in the first half of their current financial year, with an 81 percent increase in group profits before tax. 

Laugfs Oil sponsors VIAL International Business Conference

?Laugfs Lubricants sponsored the recently concluded International Business Conference 2015 as the main title partner of the event. 

SSESL to hold conference to mark Silver Jubilee

The Society of Structural Engineers Sri Lanka (SSESL) is celebrating its silver jubilee with a commemorative International Conference on Structural Engineering with the theme “Towards Excellence in Structural Engineering”.

Koala’s Kandy showroom offers modern contemporary themes

?Reaffirming its premier position in offering an eclectic selection of stylish interiors and exquisite décor, Koala (Pvt) Ltd launched its first ever retail branch in Kandy recently. Koala (Pvt) Ltd is a subsidiary of Ceyoka, a Sri Lankan diversified company.

Diversified Hayleys posts Rs.522mn net profit for June quarter

?Sri Lanka’s diversified Hayleys PLC saw its consolidated net profit for the June quarter (1Q16) increasing 42.5 percent year-on-year (YoY) to Rs.522.7 million despite a revenue drop, the interim accounts released to the Colombo Stock Exchange showed.

Buffet’s Berkshire to buy aircraft component maker for US $ 32bn

REUTERS: Warren Buffett’s Berkshire Hathaway Inc. agreed to buy aircraft components maker Precision Castparts Corp in its biggest deal ever.

Top Honeywell officials here on fact-finding mission

A fact-finding mission of the global giant Honeywell International Inc. (Honeywell) visited Sri Lanka last week to assess the country as a destination for long-term investments and found the situation pleasing.

Discussion on UNF’s economic action plan today

?The Industry and Commerce Forum will today host a discussion on the action plan launched by the United National Front (UNF), specifically relating to the economy, business and industry.

Shares hit over 6-mth closing high on telecom, large-caps

?REUTERS: Shares erased early losses to close at a more than six-month high on hopes of political stability after the August 17 parliamentary elections and better corporate earnings in the April-June quarter, brokers said.

Royal Ceramics profits shoot up over 200%

?Royal Ceramics Lanka PLC (RCL), which controls Sri Lanka’s ceramic tile manufacturing having bought over the rivals, said its June quarter (1Q16) net profit rose 249 percent year-on-year (YoY) to Rs.562.3 million.

Aitken Spence 1Q affected by energy sector loss and downturn in Maldives

Diversified blue-chip conglomerate Aitken Spence PLC’s financial results released to the Colombo Stock Exchange reported a pre-tax profit of Rs.732 million for the first quarter, while the group’s profit attributable to the shareholders of the parent was Rs.420 million, down from Rs.747 million. 

CMA Sri Lanka recognizes Hayleys Fabric

Hayleys Fabric PLC received the certificate of merit from the Institute of Certified Management Accountants of Sri Lanka...

Serendib Flour Mills marks seven years of nourishing the nation

?Serendib Flour Mills (SFML) recently celebrated seven years of success since it first introduced its ‘7 Star’ range of wheat flour to the local market.