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Understand how to become globally competitive at ‘Future of Business’ Event
Leading manufacturers from diverse sectors will share their expert insights on how they have improved productivity through process innovation in order to plug into global value chains, at the upcoming ‘Future of Business – Innovation Strategy and Learning Event’ of the Ceylon Chamber.The session titled ‘Propelling Productivity – The Role of Process Innovation’ will focus […]
Seylan Bank records 21-pct YoY growth in 1Q 2018; Profit-after-tax Rs.1,053Mn
May 3, 2018 (LBO) – Sri Lanka’s Seylan Bank has posted a profit after tax of 1,053 million rupees in first quarter of 2018. The Bank’s earning per share (EPS) grew by 21.57 percent to 2.88 rupees with the net asset value per share as at 31st March 2018 was 94.34 rupees (Group Rs.98.63). Net interest income […]
Anantaya Pasikudah wins Booking.com guest review award
(PRESS RELEASE) – Anantaya Resort & Spa Pasikudah was recently awarded the Booking.com Guest Review Award. Offering unique experiences and exceptional service, Anantaya Pasikudah was rated a high standard property on Booking.com with an outstanding score of over nine. Commenting on the award received, LAUGFS Leisure Director/Chief Executive Officer, Roshan R. Perera said, “Being awarded the […]
Seylan Bank reports 21-pct growth in 1Q 2018; records PAT of Rs.1,053 Mn
Seylan Bank made a steady start in 2018 by posting a Profit after Tax of Rs. 1,053 Million in Q1 despite less than ideal market conditions. Net interest income increased by 17.21% as the volume growth outperformed the impact arising from the narrowing of NIMs. Net fee and commission income witnessed a growth of 14.61% […]
Sri Lanka rupee slips to low of 158.00: Stocks down 0.2-pct
May 03, 2018 (LBO) – The Sri Lanka rupee hit a new low of 157.90/158.00 rupees against the US dollar during morning trade in the spot market. The rupee closed at 157.75/90 rupees against the US dollar in the spot market, Wednesday. While in the Colombo Stock Exchange,the All Share Price Index closed was trading at 6,530.77 […]
Sri Lanka Aggressor Safari Lodge begins operations
(PRESS RELEASE) – The Sri Lanka Aggressor Safari Lodge situated close to Wilpattu National Park in the North of Sri Lanka, officially opened for business this week with their first group of American Tourists. This is the first Safari Lodge to be opened in Sri Lanka for the USA Aggressor Luxury Franchise Group. The lodge has […]
‘s Melwa Hotels and Resorts
May 03, 2018 (LBO) – The International Finance Corporation, a member of the World Bank Group,is investing US 27 million dollars in Melwa Hotels and Resorts Private Limited towards the development of 3 hotels across Sri Lanka. The investment will increase Sri Lanka’s capacity in the tourism sector, create jobs, and generate more foreign exchange, the […]
‘s first electric vehicle plant
May 03, 2018 (LBO) – Tokyo based high-tech research and development startup is planning Sri Lanka’s first ever large, industry scale electric vehicle (EV) manufacturing facility. The proposed EV manufacturing operation is to take off by producing Sri Lanka’s first ever smart, “EV tuk-tuks.” The startup from Tokyo is also setting up international standard EV […]
Planters’ Association hails decision to lift ban on glyphosate
May 02, 2018 (LBO) – The Planters’ Association of Ceylon (PA) issued a statement commending yesterday’s Government decision to lift the arbitrary ban on the importation of glyphosate-based weedicides in view of the overwhelming scientific consensus that the substance is not harmful to human health. At the outset we wish to express our sincere and […]
CAL to host inaugural South Asia Investor Conference in Colombo
Sri Lanka’s No. 1 investment banking firm and preferred partner in financial markets, Capital Alliance (CAL), is proud to announce the inaugural South Asia Investor Conference (SAIC 2018), which will be held on 7th and 8th May 2018 at the Taj Samudra Hotel. A joint collaboration between Capital Alliance Securities, Sri Lanka; AKD Securities, Pakistan […]