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, …
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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 …
Deshamanya A S Jayawardena: The banker’s banker
Deshamanya A S Jayawardena was the tenth Central Bank Governor, functioning in the position from November 1995 to June 2004. He joined the Central Bank in 1958 …
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 …
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 …
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 …
Global black tea production to go up 2.2-pct annually over next decade: Report
May 28, 2018 (LBO) – World production of black tea is projected to rise annually by 2.2 percent over the next decade to reach 4.4 million tonnes in 2027, …
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 …
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
Austrian banks grant Rs2.7bn interest free loans for university & health sectors
May 24, 2018 (LBO) – Two Austrian banks have provided over 2.7 billion rupees worth interest free loans for health sector development and to improve …
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 …
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. …
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 …
Sri Lanka adverse weather death toll at 13, Showers to continue
May 24, 2018 (LBO) – Sri Lanka’s death toll due to the prevailing adverse weather conditions had increased to 13 as rains are expected to peak on …
Sri Lanka tea exports up in April 2018, Low grown production down
May 24, 2018 (LBO) – Sri Lanka’s tea exports for the month of April 2018 showed a gain of 0.7M/kgs when compared with the same period last year …
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 …
Sri Lanka launches new budget Tuk Tuk Hostels
The launch of Tuk Tuk Hostels (TTH) marks a new addition to the budget accommodation offering for tourists in Colombo and embraces the youth hostel concept to …
CEB strengthens Maintenance Management Process with ACECAM
Ceylon Electricity Board (CEB) is the leading state-owned organization in using Computerized Maintenance Management Solution(CMMS) for utility management in …
Hayleys becomes first listed Sri Lankan company to cross USD1bn turnover
Building on a strong momentum gathered over the final quarter of FY 2017/18, Sri Lanka’s leading diversified conglomerate, Hayleys PLC announced a record …
Johann Peries successfully summits Mount Everest
May 22, 2018 (LBO) – Johann Peries has summited Mount Everest today becoming the second Sri Lankan to summit Everest after Jayanthi Kuru Utumpala in 2016. PR …