Category: In Pictures
HNB concludes Syndicated Term Loan for Sri Lanka’s first waste to energy plant
Hatton National Bank as the Lead Arranger of the Syndicated Loan together with People’s Bank, DFCC and Bank of Ceylon signed off Loan Agreements to finance the setting up of Western Power Company’s waste to energy plant, the first of its kind in Sri Lanka. A subsidiary of Aitken Spence PLC, Western Power Company has […]
Elephant House commissions one of Asia’s most modern ice cream factories
Elephant House recently commissioned one of the most modern ice cream manufacturing facilities in Asia.Situated at the Seethawaka BOI zone, at Avissawella, this factory with the added capacity it brings will lead to a doubling of Elephant House’s existing ice cream production volume. Also, it facilitates Elephant House enhancing its portfolio of products.Backed by 150 […]
First Capital records highest ever PAT of Rs. 1.96 billion in 17/18
First Capital Holdings PLC (The Group) the only listed investment bank in Sri Lanka, recorded its highest ever Consolidated Profit after Tax of Rs 1,960Mn for the year 2017/18, marking a milestone in the investment bank’s history.The results show a significant growth compared to Rs. 232Mn in 2016/17. First Capital, with its impressive 35 year […]
Panasian records stellar growth; to explore opportunities in Africa & SEA
Panasian Power PLC (PAP.N), one of Sri Lanka’s leading green energy solutions providers, posted a profit before tax of Rs. 207.5 million for the year ending 31st March 2018. The company generated Rs. 489 million in revenue for the year against Rs. 205 million the previous year. This was compounded by a healthy gearing for […]
Vesak celebrated in the European Parliament for the first time
For the first time in the European Parliament in Brussels, Vesak as a day of international observance was marked with a special ceremony on Thursday, 24 May 2018.The special Vesak ceremony was hosted by Geoffrey Van Orden, MEP, Chair of the Friends of the Sri Lanka Group in the European Parliament with the participation of […]
XpressJobs becomes Sri Lanka Institute of Marketing preferred recruitment provider
XpressJobs.lk signed a partnership with SLIM (Sri Lanka Institute of Marketing) as SLIM’s preferred recruitment provider on May 24th 2018. This allows all SLIM graduates to get a job through XpressJobs.lk as soon as they finish their studies at SLIM. “We have a section on our website with jobs which require the SLIM qualification. When […]
CAL to create platform Sri Lankan investors can access regional capital markets
Capital Alliance (CAL) has signed an MoU with AKD Securities Limited and Pakistan and Lanka Bangla Securities Limited in Bangladesh with the objective of providing investors with a single investment platform via which they can access South Asia’s leading frontier markets. The MoU, which comes against the backdrop of the successful inaugural South Asia Investor […]
JVP hands over draft proposal of 20th amendment to the Constitution to Speaker
The JVP today handed over the draft proposal of the 20th amendment to the Constitution as a private members bill to the Speaker of Parliament.
SLRA proposed VAT refund system for foreign tourists to be implemented in June
Sri Lanka Retailers’ Association (SLRA) delegation met with Mr. Mano Tittawella – Senior Advisor, Ministry of Finance & Media to discuss initiatives in creating new jobs and employment opportunities from the Organized Retail industry through its membership comprising of top local corporates entities towards partnering and supporting the Governments’ one million new jobs under its […]
Mastercard to transform Sri Lanka’s digital payments landscape with QR
Mastercard unveiled Mastercard’s Merchant Presented QR payment solution in Sri Lanka, a safe and secure Quick Response (QR) based mobile payments solution. The solution enables shoppers to safely pay using a mobile application with a standardized QR code support to scan the merchant-presented QR code, which works on smartphones. Ushering in a new era for […]
Ceylinco Life’s 2017 net profit grows to Rs 9.4 billionCeylinco Life’s 2017 net profit grows to Rs 9.4 billion
(PRESS RELEASE) IRCSL-mandated change in basis of valuation of Life Fund generates one-off surplus of Rs 3.456 billion Ceylinco Life has announced that its net profit for the year ending 31st December 2017 is Rs 9.467 billion, including a one-off surplus of Rs 3.456 billion generated by a change in the basis of the valuation […]
Sri Lanka’s main problem, inability to move from apparel to advanced sectors: Hausmann
Prof. Ricardo Hausmann briefs BOI Staff on Economic development; the way forward discussed Prof. Ricardo Hausmann, Director of the Center for International Development and Professor of the Practice of Economic Development at the John F Kennedy School of Government, Harvard University visited BOI and addressed staff of the Board. The Professor was accompanied by other […]