LOLC shows exceptional results in 1H

LOLC group pre-tax profits for the first half of 2010/11 soared to Rs. 4.5Bn with post tax profits of Rs. 3.9Bn. Compared with the previous year, pre-tax profits grew by 370%. The company's acquisitions made in the previous financial year contributed well to the bottom line along with other income, which increased by 215% to reach Rs. 2.7 Bn at the end of the second quarter.

Commercial Bank receives its 12th 'Best Bank' Award from Global Finance

The Commercial Bank of Ceylon re-affirmed its prestigious status as the leading private sector bank in Sri Lanka to a representative international audience recently when it formally accepted the award for the 'Best Bank in Sri Lanka' for the 12th consecutive year from Global Finance. 

Sampath Bank wins another prestigious award

Sampath Vishwa Corporate Trade Services facility has been selected as one of the country's Best e-Content Applications in the category of e-Business and Commerce at the e-Swabhimani award 2010 which was held recently.

31st ICA National Conference "timely and relevant"

The 31st National Conference of The Institute of Chartered Accountants of Sri Lanka was held recently. Themed 'The world sees opportunity in Sri Lanka' the conference was lauded by the participants including business leaders, Chairmen, CEOs, CFOs, Directors, General Managers, senior government officials, academics as well as consultants.

Ceylon Leather on winning streak

Ceylon Leather Products PLC (CLP), synonymous with "DI Leather", has recorded strong first half results with more than two fold increases in its Revenue and Profitability.

ADB assists Sri Lanka formulate National Climate Change Adaptation Strategy

The Asian Development Bank (ADB) will hold a workshop 'Strengthening Capacity for Climate Change Adaptations' on Tuesday, 16 November to discuss how best Sri Lanka can tackle the impact of climate change.

Imperial Teas Group celebrates success as 'Most Outstanding Exporter'

Imperial Tea Exports, one of the largest exporters of tea in the country, celebrated the company's recent success in winning prestigious awards amidst a distinguished gathering. The gala celebrations that included cocktails and fellowship at the Hilton Colombo sought to show appreciation to all those who supported the company in its journey towards this honour.

Asia stocks advance on financials; Nikkei up 0.31%

Forex Pros: Asian stocks advanced on Thursday, as shares in the financial sector led markets higher, while shares in Japanese exporters were boosted as the yen weakened against the U.S. dollar.

LIOC eyes Hambantota

Plans to reorganise bunkering business systems

Dialog delivers on inclusivity

Dialog Telekom PLC is among 12 clients recognised by IFC for their outstanding work to develop inclusive business models that expand opportunity for people who make up the base of the pyramid.

Vallibel Finance records pre tax profit of Rs.101Mn-1H

The burgeoning financial powerhouse of the renowned Vallibel Group, Vallibel Finance, has reported a very impressive first half pre-tax profit of Rs.101Mn showing a remarkable growth of 174% from the previous year's corresponding figure of Rs.36.8Mn.

Broadband: Dialog exceeds expectations on download speeds

According to recent Quality of Service Experience (QoSE) tests by regional think tank LIRNEasia, Dialog Telekom's 1Mbps postpaid broadband package (HSPA) not only delivers more than promised in download speeds, but also offers better value for money (Kbps per USD) when compared to similar offerings by Mobitel and SLT. 

Japanese venture into Srilankan Education Market

During a period when quality, cost effective and specialized education takes prominence in today's competitive and commercial world, a Japanese Education Group has collaborated with the OpenArc Educational Institute - Sri Lanka, to form OpenArc College of Business and Technology (OCBT) - a BOI approved company, in order to provide competent educational services to the local market.

ADB content with development drive in Sri Lanka

The Asian Development Bank Executive Director Mr. Jaejung Song on a felicitation visit to Sri Lanka met Deputy Minister of Finance and Planning and Senior Advisor to the President Dr. Sarath Amunugama at the Ministry Office recently to discuss matters pertaining to development projects in Sri Lanka.

Hayleys H1 records pre-tax profit of Rs 1.2 b

Hayleys PLC has posted a pre-tax profit of Rs 1.2 billion on a turnover of Rs 24.8 billion for the first half of 2010-11.

Sri Lanka to host ICQCC in 2014

Sri Lanka's bid to host the "International Convention of QC Circles" (ICQCC) in 2014 was accepted unanimously by the Internal Co-ordinating Committee at the recent Co-ordinating Committee meeting in Hyderabad.

Maldives envoy in Lanka calls for joint tourism promotion

The Third Annual General Meeting of the Sri Lanka - Maldives Bilateral Business Council of the Ceylon Chamber of Commerce was held on 28 October, 2010 at the Cinnamon Grand Hotel, Colombo.

Second Jaffna International Trade Fair in January

The second Jaffna International Trade Fair 2011(JITF) is organised by Lanka Exhibition & Conference Services (Pvt) Ltd, a Presidential Award Winning Company in collaboration with the Federation of Chambers of Commerce and Industry of Sri Lanka.

Heraymila Securities tips Lanka's economy to hit double-digit growth from 2011

Sri Lanka's post-war economy is poised to sustain double-digit growth from 2011 onwards, as the island rebuilds its conflict-hit areas and adds new infrastructure to the rest of the country, stockbroker's Heraymila Securities Limited said yesterday.

Hayleys gets the balance right at the Best Corporate Citizen Awards 2010

Hayleys PLC walked away with the Best Corporate Citizen Award this Wednesday (November 03) at the Best Corporate Citizens Awards 2010.

Top international models at Sri Lanka Design Festival 2010

 Models 1 is Europe's largest and most successful agency and is responsible for discovering some of the legendary names in the modelling industry like Kate Moss, Will Chalker, Naomi Campbell, Cindy Crawford, Linda Evangelista and Twiggy. Models 1 has an impressive clientele ranging from M&S, Next, Top Shop, Gucci, Calvin Klein, Versace, Prada, Pantene, Peugeot, BBC, MTV and ITV.

JKH posts impressive first half results

John Keells Holdings (JKH) yesterday announced a Group Profit Before Tax (PBT) of Rs. 3.45 billion for the quarter and Rs. 4.98 billion for the first six months of the financial year 2010/2011 reflecting increases of 281 per cent and 167 per cent respectively, over the PBT of Rs. 905million and Rs. 1.86 billion in the corresponding periods in the previous year.

United Motors subsidiary receives licence to assemble Zotye Suv's in Sri Lanka

Unimo Enterprises Limited (UEL) a fully owned subsidiary of United Motors Lanka PLC recently received the licence to assemble Zotye SUV's in Sri Lanka under the Mahinda Chinthanaya programme.

Facebook and Twitter: Your Customers are there. Are You?

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Sri Lanka's safest workplaces receive prestigious National Safety Awards

The presentation of the prestigious National Safety Awards to recognise and reward the safest workplaces in the country was held at a glittering event attended by leading corporate top management, at which Gamini Lokuge, Minister of Labour Relations and Productivity Improvement was the Chief Guest.

CB is not a guarantor but a regulator - Governor

Investors should take due care when depositing money in the country's financial system and the role of the Central Bank is not to act as guarantor on the investments, but as a regulator closely supervising the financial institutions in the country, said Governor of the Central Bank Ajith N. Cabraal.

IPS releases annual

The "State of the Economy" report is the flagship annual publication of the Institute of Policy Studies of Sri Lanka (IPS) that analyses in detail Sri Lanka's economic performance and explores emerging development challenges for the country.  

Transforming printed Directory into a e-directory

SLT Publications (Pvt.) Ltd., popularly known as Rainbow Pages is the country’s only directory information publisher. Originally this company was part of SLT but spun off to enable it to become a new subsidiary.

Truman State enticing prospect for Sri Lankan students

Simply describing itself as nationally ranked, affordable and personal immediately puts into perspective what benefits can be attained from pursuing one's higher education at Truman State University

Low cost of ownership making mobile phones a poverty alleviator

Low cost of ownership has made mobile phones a powerful poverty alleviator in Sri Lanka and rest of the world, reveals the latest UNCTAD Information Economy Report 2010 released in Colombo ON Tuesday.