Bogala Graphite doubles profit in December

The vein graphite supplier, Bogala Graphite Lanka PLC, nearly doubled its net profit for the quarter ended December 31, 2016 (4Q16) to Rs.24.23 million from Rs.12.44 million recorded during the corresponding quarter in 2015 amid higher top line growth and gains form an income tax reversal. The earnings per share increased to 26 cents from 13 cents year-on-year (YoY). The company shares were trading at Rs.12.80 at trading close yesterday.

Top brush maker Beira group announces Rs.368mn IPO

The leading brush manufacturer, BPPL Holdings, also known as the Beira group, will be opting for a Rs.368.22 million initial public offering (IPO) on the Diri Savi Board of the Colombo Stock Exchange (CSE) next month.

Top brush maker Beira group announces Rs.368mn IPO

The leading brush manufacturer, BPPL Holdings, also known as the Beira group, will be opting for a Rs.368.22 million initial public offering (IPO) on the Diri Savi Board of the Colombo Stock Exchange (CSE) next month.

Haycarb profits surge 23% despite supply challenges

The pioneering coconut shell-based activated carbon manufacturer, Haycarb PLC, reported earnings of Rs.7.08 per share for the October – December quarter 2016, up from Rs.5.74 a share reported a year ago despite the continued cost pressure stemming from the shortage of charcoal supplies.

Shares hit more than 1-week closing high; blue chips gain

REUTERS:Sri Lankan shares hit a more than one week closing high yesterday as investors picked up battered blue chips such as John Keells Holdings PLC and Dialog Axiata PLC, brokers said. The Colombo stock index ended 0.73 percent firmer at 6,138.73, its highest close since February 2. The index hit its lowest closing level since March on February 6.

Creations Master Builders to exhibit world renowned products at ‘Architect 2017’

World renowned OWA acoustic and mineral fibre ceilings, Kronotex laminated wooden flooring, Vetedy outdoor wood decking and cladding will be exhibited at the ‘Architect 2017’ exhibition starting this week at the BMICH.

MBSL gears for growth with new blue ocean strategy

The Merchant Bank of Sri Lanka (MBSL) & Finance PLC has kicked off 2017 with new 3-year strategic plan, after the most complex but successful consolidation in Sri Lanka’s financial sector history, MBSL is now poised to enter a new era of growth and progress by leveraging the synergies of a highly skilled workforce backed by the latest specialized financial sector technology.   

Lanka Sathosa introduces modern technology to expansion plan

The state-owned retail chain Lanka Sathosa, which caters to low-income families, will be introducing modern technology to its previously announced expansion, Industry and Commerce Minister Rishad Bathiudeen said.

DFCC Bank launches Vardhana Sahaya for small enterprises

After six decades of nurturing small and medium businesses to become leading enterprises in their respective sectors, DFCC Bank launched Vardhana Sahaya, effectively extending its expertise to the small enterprise category. 

Pan Asia Bank partners Japan Expo Premier 2017

Pan Asia Banking Corporation PLC, Sri Lanka’s fastest growing commercial bank, was the banking partner for the recently concluded Japan Expo Premier 2017 exhibition. The exhibition was held from February 2 to 4, 2017, at the Bandaranaike Memorial International Conference Hall (BMICH), backed by the Embassy of Sri Lanka (Tokyo) and Embassy of Japan (Sri Lanka).

Union Bank offers greater banking convenience in Pettah

Union Bank’s Pettah branch was relocated to spacious new premises at 111 Main street Colombo 11, offering a redefined banking experience to customers. 

Gathering bricks to build a future-ready organisation

The world saw radical changes at just the beginning of the 21st century compared to what it saw during the whole of 20th century. Evolving at an unprecedented rate is the global economic landscape and with it the working environment.

Huawei Sports Day recognizes and rewards top sales personnel

Huawei organized their annual ‘Huawei Sports Day’ event recently. 

Navin in talks to secure greater Russian market for Ceylon tea

During the recently held PRODEXPO International Exhibition in Moscow, 

Tao’s role in Sri Lanka’s infrastructure development

S.P. Tao, the founder of the Shing Kwan group, is a naturalized citizen of Singapore of Chinese origin with extensive worldwide business experience in the commodities, shipping and real estate sectors. Tao first visited Sri Lanka in 1940 at the age of 24, when working with the China South West Transport unit in Rangoon. He was offered a choice of Sri Lanka, Singapore or Calcutta for an R&R break.  

IPM and CMI organize presentation on Emotional Intelligence

IPM Sri Lanka’s Sub-committee for External Affairs together with the Sri Lanka Branch of the Chartered Management Institute,

Serendib Flour Mills holds Annual Sales Conference

Serendib Flour Mills (SFML)’s Annual Sales Conference was held at the Airport Gateway Hotel recently, with the participation of senior management, departmental heads and its entire sales force in attendance.

The business of business isn’t just only about making money

The National Centre for Public Policy Research (NCPPR), a conservative think tank recently in the US requested Apple to refrain from putting money in green energy projects that were not profitable. The chief executive of Apple Tim Cook shot back saying that Apple did “a lot of things for reasons besides profit motive”. 

Why China won’t save the TPP

Governments across the Asia Pacific have been searching for a path forward since President Donald Trump signed an executive order withdrawing the United States from the Trans-Pacific Partnership (TPP). 

Ceylon Chamber makes publications available online

The Ceylon Chamber of Commerce (CCC), which on a regular basis publishes key business publications providing vital business information, analysis on economic trends and statistics and also sector-based reports, has now made them available online for interested parties to obtain those publications.

Jaguar Land Rover Unveils Dedicated Regional Training Academy In Singapore

Jaguar Land Rover has unveiled a new dedicated regional training academy in Singapore. Based on the successful Jaguar Land Rover Academy in our global offices, the new training academy

Standard Chartered’s Priority Banking unveils flagship centre

Standard Chartered’s Priority Banking unveiled its flagship Centre at 22A Sir Marcus Fernando Mawatha, Colombo 7 at a ceremony graced by clients and staff. 

Top Federal Reserve official resigns as bank deregulation looms

REUTERS:  The top Federal Reserve official charged with financial regulation said last week that he would resign, just a week after the new administration of President Donald Trump said it would undertake a review of what it sees as onerous bank rules.

Prem Watsa’s Fairfax to pay US$ 144 mn for New Zealand-based insurer

Fairfax Financial Holdings Ltd. will pay US $144 million for New Zealand insurer Tower Ltd., giving it an instant, significant presence in a growing, emerging market.

NTB offers special savings at Damro for credit cardholders

Nations Trust Bank recently partnered with Damro to offer their American Express and Master Card credit cardholders a special 30 month interest-free installment plan at no extra charges and 10 percent savings for purchases made on a wide range of electronic items and furniture at any Damro outlet island-wide. 

Union Assurance organizes customer gatherings to appreciate top customers

Union Assurance is constantly re-defining its service offerings and the ways in which it interacts with and gets feedback from its key stakeholders. 

ComBank reaches out to SMEs in Gampaha and Puttalam

The Commercial Bank of Ceylon recently interacted with 160 entrepreneurs from the Gampaha and Puttalam districts at a programme held in Wennappuwa as part of t

When complexities of decision-making unravelled, clarity emerges

Business leaders talk about ‘maximizing value’, but when you look at their actions you will realise that their organisations don’t maximize value; they minimize the number and magnitude of bad things that can happen to them. 

Simple tips for successful margin trading

Margin trading is a popular form of investing in the stock market. What do we mean by margin trading? Buying on margin is borrowing money to purchase stocks. You can think of it as a loan. 

DFCC Bank enters small enterprise sector with the launch of ‘Vardhana Sahaya’ alongside ‘Swashakthi’

After six decades of nurturing small and medium businesses to become leading enterprises in their respective sectors, DFCC Bank is pleased to launch Vardhana Sahaya