Category: In Pictures
SriLankan Catering posts 3.9 billion rupees net profit in 2017/18
SriLankan Catering Ltd. has recorded a steady financial performance for the financial year ended 31st March 2018 with a 26% year-on-year growth in operating profits from Rs. 3.03 billion to Rs. 3.81 billion. Its unaudited financial statements also showed that the operating profit ratio which stood at 42% in the last year improved to 44% […]
Cigarette smuggling still booming, fuelling criminality: report
Smuggled market share is around 14 to 18% for cigarettes, which translate to 500 to 700 million sticks. A 40-foot container of smuggled cigarettes can add up to a profit of between Rs. 250-400 million. The loss of tax revenue from illicit tobacco is equivalent to 27 to 40% of the annual Samurdhi spending in […]
CA Sri Lanka launches auditing standard for Non Specified Businesses; first in South Asia
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), recently launched the Sri Lanka Auditing Standard (SLAuS) for the Audits of Non – Specified Business Enterprises (Non-SBEs)”. Chief Guest at the launch, Minister of Industry and Commerce, Mr.Rishad Bathiudeen commended the Institute for making Sri Lanka the first country in South Asia to […]
Fitch assigns Co-operative Insurance first-time BBB+(lka) rating
Fitch Ratings has assigned Sri Lanka-based Co-operative Insurance Company Limited (CICL) a National Insurer Financial Strength (IFS) Rating and National Long-Term Rating of ‘BBB+(lka)’. The Outlook is Stable. KEY RATING DRIVERS The rating reflects the non-life insurer’s modest domestic business profile, supported by its association with co-operative societies, good capitalisation and a somewhat conservative investment […]
Female founders introduce a solution to all parking problems at Disrupt Asia
Park and Pay was crowned the winner of Start-up battle at Disrupt Asia 2018, Sri Lanka’s Premier Start-up Conference and Innovation Festival, which took place on August 11, 2018 at the Trace – Expert City. The event, with participation of experts from different fields, promoted the innovation ecosystem which is a key pillar of Science, […]
amanté launches AW’18 collection
Walk in fairy dust and moonlight with amanté’s new collection ‘Starry Tales’, launching this September. Inspired by the dreamy satin textures and ethereal hues of moonlight, this Autumn/Winter 2018 collection from Sri Lanka’s leading designer lingerie brand is in stores now. amanté’s AW’18 is inspired by the night and its ability to bring the mysterious […]
Ronan Keating at Chena Huts by Uga Escapes
While Boyzone’s concert was building hype and highlight around the music enthusiasts of the country, the band member Ronan Keating has decided to enjoy the serenity of the island prior to the big event in Colombo.Ronan Keating has referred to Chena Huts by Uga Escapes as a “little piece of heaven” in his social media […]
USS Anchorage conducts exercise at sea with Sri Lankan Navy
The USS Anchorage joined the Sri Lankan naval ship Suranimila to conduct an exercise at sea on August 28. The exercise allowed the ships to improve each crews’ knowledge and strengthen a wide variety of seamanship skills critical to operating throughout a free and open Indo-Pacific region. During the exercise, multiple ships sailed in formation […]
Mobitel partners first-ever ‘YouTube Open Mic Night’ in Sri Lanka
Mobitel was the Official Telecommunication Partner for the first-ever ‘YouTube Open Mic Night’ in Sri Lanka held at the Shangri-a – Colombo recently.Considering that this is YouTube’s first event in the country, the occasion witnessed the presence of YouTube celebrities, content creators, YouTube influencers, enthusiasts, brand ambassadors and social media buffs under one roof along […]
Sri Lanka’s first Permanent High Court at Bar ceremonially opens
Justice Minister Thalatha Athukorala on Tuesday ceremonially opened the Special Court established to expedite the cases that involve large-scale financial irregularities. This is Sri Lanka’s first Permanent High Court at Bar and the minister expects to establish another two for the same purpose.
Hirdaramani completes 1st stage of long-term Solar Panel Project
Celebrating 10 years since the opening of its flagship green facility Mihila, Asia’s first CarbonNeutral® Apparel factory, The Hirdaramani group this month is again paving the way with the installation of the largest Rooftop Solar installation in the Apparel Sector in Sri Lanka.The installations are part of the Suryadhanavi – meaning ‘generated from the sun’ […]
Altair sponsors RCGC Open Golf tournament for 2ndsuccessive year
The best of Sri Lanka’s amateur and professional golfing talent will vie for the title of the country’s champion golfer when the 2018 edition of the RCGC Open tees off in partnership with Altair on 28th August. The tournament, taking place for only the second time in two decades, was revived last year after a […]