Author: lbostgadmin
Sri Lanka welcomes first KLM flight after nearly 20 years
Nov 08, 2016 (LBO) – KLM Royal Dutch Airlines resumed flights to Sri Lanka on 01 November with a twice-weekly service between Colombo and Amsterdam operated by Boeing 787 Dreamliner aircraft, a statement said. On board were KLM VIPs and Joanne Doornewaard, ambassador of the Kingdom of the Netherlands to Sri Lanka and Maldives. Throughout […]
Hayleys PLC profits down due to Rs.459Mn, Tea and Rubber losses
(PRESS RELEASE) – (November, 07, 2016): Sri Lanka’s leading diversified conglomerate, Hayleys PLC recorded a sharp increase of 18% Year-on-Year (YOY) increase in revenue, with growth in Construction, Agriculture, and Hand Protection sectors supporting the Group to post revenue in excess of Rs. 52 billion by the end of the first half of 2016 (1H16). […]
Sri Lankan rupee firmer on exporter dollar sales; stocks down
COLOMBO, Nov 8 (Reuters) – The Sri Lankan rupee edged up on Tuesday as dollar selling by exporters outpaced demand for the greenback from importers, dealers said. Rupee forwards were active with one-week forwards trading at 148.15/25 per dollar at 0610 GMT, compared with Monday’s close of 148.20/30. “Overall, trading was dull. We expect the […]
GAAM: Net inflow of Rs534 mln for the week
The Guardian Acuity Asset Management weekly report can be downloaded here [pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2016/11/Weekly-Report-GAAM-05-11-16.pdf” title=”weekly-report-gaam-05-11-16″]
Nestlé Lanka invests Rs500Mn in Sri Lanka’s dairy industry
Nov 08, 2016 (LBO) – Nestlé Lanka, a unit of the Swiss-based food group, announced the opening of a new UHT milk plant in their factory in Kurunegala. The company has made an investment of 500 million rupees in the island’s dairy industry with the new production facility. Through this new investment on a UHT […]
VirtusaPolaris Unveils Robotic Automation and Innovation Centre, RAICer, at Colombo Facility
(PRESS RELEASE) – Taking Robotic Process Automation (RPA) and Quality Assurance (QA) practices to the next level, VirtusaPolaris unveiled its latest epicentre for innovation, the Robotic Automation and Innovation Centre, RAICer, at its Sri Lanka Advanced Technology Centre (ATC) in Colombo recently. The facility was declared opened by Kris Canekeratne, chairman and CEO of VirtusaPolaris. […]
JAT conferred Sri Lanka Best Employer Brand Award
(PRESS RELEASE) – Colombo. Friday 04 November 2016. JAT Holdings announced that it has been named Sri Lanka’s Best Employer Brand, an award conferred by the Employer Branding Institute, World HRD Congress & Stars of the Industry Group, with CHRO Asia as a strategic partner, and endorsed by the Asian Confederation of Businesses. The Sri […]
VC fund BOV Capital invests in OMAK Technologies
Nov 08, 2016 (LBO) – BOV Capital has led a successful investment round for OMAK Technologies, a fast growing regional restaurant management solutions provider with roots in Sri Lanka. BOV Capital is the first Sri Lanka-and Singapore-based venture capital fund focusing on Sri Lankan ventures that export technology-oriented products and services. Having closed the new […]
Budget 2017 will bring change to Sri Lanka: Ravi K
Nov 08, 2016 (LBO) – Sri Lanka’s Budget 2017 will reduce cost of living and strengthen investments, the Finance Minister said. “Steps have been taken in the forthcoming budget to reduce cost of living while measures have been taken to strengthen investment in the country,” Ravi Karunanayake, Finance minister said following meetings with two former […]
‘s chances
SINGAPORE, Nov 8 (Reuters) – Asian shares rose in early Asian trade on Tuesday ahead of the U.S. presidential election, with investor sentiment buoyed by improving prospects for Democrat Hillary Clinton to win. The Mexican peso, which has moved in opposite step to perceived chances of Republican Donald Trump winning the election, retained its strong […]
