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Sri Lanka’s Hemas Holdings March net profit down 3.5-pct
June 07, 2016 (LBO) – Sri Lanka’s Hemas Holdings which has interests in FMCG, leisure and healthcare has posted a shareholder profit of 744 million rupees in the March 2016 quarter, down 3.5 percent from a year earlier, interim accounts showed. The group reported basic earnings of 1.30 rupees per share for the quarter against […]
PTL Watch: Bond yields steady ahead of auction
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With the recent launch of the WEDF 2016 to be held in Sri Lanka in October, the EDB has taken a bold step towards creating a true sense of the word of Public, Private Partnership. Several leading professionals who have been invited from national chambers and product associations to steer various “action groups” have been […]
Brandix honours Supply Chain partners at Vendor Summit
Inspired performances by supply chain partners in FY 2015-16 contributed to the best year to date for apparel powerhouse Brandix, which honoured its top vendors at a gala Vendor Summit in Sri Lanka last week. The top 100 vendors from the 350 that account for Brandix’s annual raw material spend attended the summit, half of […]
Sri Lanka’s needs to replace traditional workplace with new strategies: JLL
techJun 06, 2016 (LBO) – Sri Lanka should be developing new workplace strategies and new workplace methods soon to cater to changing trends, Jones Lang LaSalle (JLL), a global real estate company, said in a report. “The era of using desktop computers, having a permanent workstation, individual landlines, and making copious print-outs is likely to […]
‘s comments, jobs report
June 07, 2016 (LBO) – U.S. interest rates may rise gradually after comments from Federal Reserve Chairwoman Janet Yellen on Monday, along with a surprisingly weak jobs report released on Friday. Yellen she said Friday’s jobs report was “disappointing” and “on balance, concerning,” but cautioned against placing too much significance on one economic report. The […]
Asia stocks hit 5-week high after cautious Yellen
June 7 (Reuters) – Asian shares hit a five-week high on Tuesday after Federal Reserve Chair Janet Yellen said U.S. interest rate hikes are likely on the way, held back any reference to the timing. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5 percent while Japan’s Nikkei average firmed 0.2 percent. The Fed […]
China wants JV projects in Sri Lanka with Indian companies
June 06, 2016 (LBO) – China wants its projects in Sri Lanka to be joint ventures either with local companies or international companies, including Indian companies, the Chinese Ambassador in the island, Yi Xianliang, said.According to a New Indian Express report, the ambassador said the perception that Chinese projects are primarily meant to bolster China’s […]
Sri Lanka Central Bank clarifies reports on expenses incurred by Governor
June 06, 2016 (LBO) – Sri Lanka’s Central Bank has clarified media reports about expenses incurred by the Governor. “It has been reported in the media that allegations had been made by members of the Parliamentary opposition that the Governor of the Central Bank has misused public funds.” “The CBSL wishes to state that neither […]