Category: In Pictures
LAUGFS Gas Partners with Colombo City Centre as its exclusive LPG service provider
LAUGFS Gas has come into an exclusive arrangement with Colombo City Centre’s upcoming mall to provide LPG to all its restaurants and food outlets. With the development of Sri Lanka’s first Board of Investment (BOI) approved mixed-use development project, LAUGFS Gas, the only private sector energy player in the local LPG market, recently announced a […]
Galaxy Note9 now available for pre-order in Sri Lanka
(Press release) – Samsung today opened pre-bookings for its flagship Galaxy Note9 smartphone in Sri Lanka. The latest addition to its premium Note series was launched globally in New York on August 09. The pre-book offer in Sri Lanka comes with an exciting deal, along with being one of the first to own the Note9, […]
Hayleys celebrates 140 years of innovative excellence in Sri Lanka
Leading Sri Lankan multinational and diversified conglomerate, Hayleys PLC celebrates 140 years of business excellence and innovation this year. Established in 1878 by Chas. P. Hayley, a British entrepreneur in Galle, the company at its inception served as trading house for the import of valuable goods, and export of locally produced goods such as spices, […]
Pakistan maritime security ship “Kashmir” to visit Sri Lanka
Pakistan Maritime Security Ship (PMSS) “Kashmir” is scheduled to arrive at Colombo Port on a four-day goodwill visit from August 13 to 16, 2018. Pakistan Naval ships frequently pay port calls to Sri Lanka, as both countries enjoy warm diplomatic and strong military ties. Such interactions also demonstrate both navies’ resolve to contribute towards achieving […]
Members of Independent Audit Service Commission took oaths before Speaker
Members of Independent Audit Service Commission took oaths before the Speaker today afternoon. Auditor General Gamini Wijesinghe took oaths as the Chairman of the commission. The commission comprised of: Auditor General Gamini Wijesinghe, Former Appeal Court Judge Sunil Rajapaksa, Former Deputy Auditor-General W.Kandassamy and IG Gamini Abeyratne Former Secretary to the Ministry WAS Wimalasiri Perera
Sunshine Holdings PAT declined by 39-pct in 1Q with subdued Agri results
Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) reported top line growth of 8.0% YoY to stand at Rs.5.6 billion during the first quarter of the current financial year (1QFY19). The top line increase was mainly by strong performances in consumer and healthcare sectors, and despite a slight degrowth within the agribusiness sector. Profit […]
Ceylon Tea showcased at Myung Won World Tea Expo 2018 in Seoul
The Sri Lanka Embassy in Seoul in partnership with the Myung Won Culture Institute facilitated the participation of the Director General of the Sri Lanka Tea Board Anura Siriwardhana as a special guest at the 2018 Myung Won World Tea Expo held from 02-05 August 2018 at the COEX in Seoul.Director General Siriwardhana made a […]
Advantis Engineering partners ATAD Steel Structure Corporation to improve construction solutions in Sri Lanka
Advantis Engineering, a subsidiary of Hayleys Advantis Limited, recently entered into a Memorandum of Understanding (MOU) with global pre-engineered building giant ATAD Steel Structure Corporation. This latest partnership is in keeping with the company’s ongoing efforts to bring sustainable, cost effective and rapid construction solutions to Sri Lanka. Pre-engineered steel buildings are tailor-made solutions to […]
CA Sri Lanka calls for applications for 54th Annual Report Awards Competition
In an effort to crown the best and most brilliant annual reports produced in the country, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has called for applicationsfor its 54th Annual Report Awards Competition. The competition will this year revolve around the theme ‘Epitome of Brilliance’ with the best annual reports scheduled […]
63 remarkable women from Sri Lanka & Maldives recognized at Career Awards
• ‘Top 50’ Professional and Career Women Awards 2018 take inspiring stories of Sri Lankan women to the world • 63 remarkable women from Sri Lanka and Maldives recognized with Gold and Silver awards The ‘Top 50’ Professional and Career Women Awards 2018 were celebrated recently, with remarkable women leaders from Sri Lanka recognized for […]
LSEG Technology voted Best Execution Management System Provider
• LSEG’s Millennium Exchange product recognised at 16thAnnual Waters Technology awards as Best Execution Management System • Voted for by readership of WatersTechnology across buy side, sell side, exchanges, trading houses, post-trade venues, inter-dealer market participants, technology vendors from around the world • LSEG Technology delivers critical infrastructure technology used by over 40 capital markets […]
” with stable outlook
Fitch Ratings has affirmed Sri Lanka-based retailer Abans PLC’s (Abans) National Long-Term Rating at ‘BBB+(lka)’ with a Stable Outlook. A full list of rating action is at the end of this commentary. The affirmation reflects Fitch’s view that Abans will continue to make meaningful progress towards improving its net leverage, defined as lease-adjusted debt net […]