Category: Companies
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 […]
Govt of Sri Lanka and UNDP map out SDG investment for private sector to support recovery
The Government of Sri Lanka and UNDP in Sri Lanka today announced the launch of the Sri Lanka SDG Investor Map (the Map), a market intelligence tool that seeks to direct private capital where Sri Lanka’s Sustainable Development Goals (SDG) priorities, Government policy and market opportunity intersect, as the country seeks to rebuild its economy […]
CCC highlights need to focus on implementation of progressive proposals in interim budget 2022
The Ceylon Chamber of Commerce views the interim budget for 2022 delivered by President Ranil Wickremesinghe in his capacity as Minister of Finance, as a positive step towards rebuilding the macroeconomic framework of the country. The Budget provides an estimate of the expected revenue and expenditure of the Government for 2022 within an environment of […]
Entries are now open for CA Sri Lanka’s TAGS Awards 2022 to crown best corporates
Marking a new chapter in financial and non-financial reporting, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on Wednesday announced that it is accepting applications for the highly acclaimed TAGS Awards 2022 as it aims to crown the best corporates for promoting transparency, accountability, governance and sustainability by publishing insightful Annual Reports. […]