Category: Companies
Dialog Axiata Group to Invest USD 152.4 Million in Sri Lanka
Dialog Axiata Group, the largest Foreign Direct Investor (FDI) operating under the aegis of the Board of Investment of Sri Lanka (BOI), announced the entering into of two supplementary agreements with the BOI for the investment of an additional sum of USD 152.4 Mn (LKR 56.7 Bn) in Sri Lanka’s Telecommunications and ICT Infrastructure on […]
CICT named best container terminal of its capacity in Asia for 6th successive year
Colombo International Container Terminals (CICT) has been crowned the Best Container Terminal in Asia in the Under 4 million TEUs category for the sixth consecutive year, in just seven full years since it commenced fulloperations in mid-2014. The announcement of CICT’s prestigious win on a global platform was made at the 2022 Asian Freight, Logistics […]
Businesses spending higher percentage of technology budgets on cybersecurity, Sophos research reveals
Sophos, a global leader in next-generation cybersecurity, today released additional findings from its survey report, The Future of Cybersecurity in Asia Pacific and Japan, in collaboration with Tech Research Asia (TRA), revealing businesses are increasingly prioritising budget for cybersecurity. In 2022, 11 per cent of technology budgets are dedicated to cybersecurity, an increase from 8.6% […]
Alumex introduces environmentally friendly low-carbon aluminium to grow export markets
Building sustainable innovation into Sri Lanka’s construction sector, Hayleys Group subsidiary and national leader in fully integrated aluminum manufacturing, Alumex PLC, announced the groundbreaking launch of Low Carbon Aluminum for the global market. The company’s newly launched range of Low Carbon Aluminum ‘Ozon’, follows on the successful Phase 1 opening of the manufacturer’s new state-of […]
E. B. Creasy declares interim dividend and pays out Rs.253.5Mn
E. B. Creasy & Co. PLC has declared an interim dividend of Rs. 1.00 per share, paying out Rs. 253.5 Million from the distributable profits of the Current Financial Year.In the previous financial year, the Company paid a total dividend of Rs. 358.3 Million amounting to a dividend of Rs. 1.50 per share maintaining the Company’s constant […]
SLT-MOBITEL brings Samsung’s latest Galaxy fold 4 5G & Galaxy Z flip 4 5G devices along with benefits
Bringing Sri Lankans, the opportunity to experience the next generation technology and devices, SLT-MOBITEL, the National ICT solutions provider is offering Samsung’s latest foldable flagship Galaxy Z Fold 4 5G and Galaxy Z Flip, 4 5G devices coupled with exciting value additions. For every purchase of Samsung’s Galaxy Z Fold or Z Flip, both existing […]
Exporters urge product testing laboratories to pull up their socks
Sri Lanka’s leading food and organic product exporters urged the nation’s premier product testing laboratories to enhance their levels of efficiency and effectiveness to enable them to provide a superior service to their overseas customers. These sentiments were aired at a meeting organized by the Sri Lanka Export Development Board (EDB) on 30th August, 2022, […]
EXPO buying binge continues
September 8, 2022 (LBO) – The parent of Expolanka (EXPO), SG Holdings, continues to scoop up shares in Sri Lanka’s largest market cap company. The previous trading session on Wednesday witnessed foreign buying in the shares of EXPO amounting to approximately Rs2bn. Most of the shares were traded close to market prices at Rs225/share. Although […]
‘s export earning up 12.9-pct from Jan-Jul
Earnings from exports increased in July 2022, while import expenditure declined for the fifth consecutive month, on a year-on-year basis. The notable decline in import expenditure in July 2022 reflected the impact of overall moderation of activity amidst forex liquidity strains in the banking system, while the policy measures to curtail non-urgent import expenditure also […]
Expolanka parent aggressively buys EXPO shares in the market
September 5, 2022 (LBO) – SG Holdings, the parent company of Sri Lanka’s largest listed company Expolanka, has aggressively bought shares of (EXPO) during the past few days. According to discosures at the Colombo Stock Exchange (CSE), SG holdings has over the last few days bought over Rs1bn worth of shares of EXPO at market […]
Ceylon Chamber congratulates Govt on reaching Staff-level Agreement with IMF
The Ceylon Chamber of Commerce congratulates the Government led by the President, the Governor of the Central Bank of Sri Lanka, Secretary to the Treasury and other key officials on reaching a staff-level agreement with the IMF for a 4-year Extended-Fund Facility program(EFF). We hope that the next steps in gaining IMF board approval for […]
SEC, CSE & CA Sri Lanka to capitalize on synergies to encourage & advance non-financial reporting
The Securities and Exchange Commission of Sri Lanka (SEC), the Colombo Stock Exchange (CSE) and the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently signed a Memorandum of Understanding (MoU) to encourage and advance non-financial reporting in Sri Lanka. Through the MoU, the three institutions aim to capitalize on mutual interests and […]