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MAS in chemical leasing arrangement for waste water treatment
July 24, 2015 (LBO) – MAS Active Linea Intimo announced it has entered into a chemical leasing arrangement for waste water treatment, a world’s first for the industry, according to the garments manufacturer. Chemical leasing is a business model in which a chemical is leased from a company providing its service. MAS Active Linea Intimo […]
‘s United National Front suggests drastic proposals in manifesto
July 24, 2015 (LBO) – Sri Lanka’s United National Front for Good Governance on Thursday unveiled its election manifesto aimed at creating a competitive social market economy based on knowledge. Proposed social market economy seeks to expand the base of open economy or economic democracy in the country within 60 months. The manifesto has addressed […]
Sri Lanka private sector credit growth expands, Policy rates to be maintained: Central Bank
July 24, 2015 (LBO) – Sri Lanka Central Bank says credit to the private sector by commercial banks grew by 17.6 per cent, year-on-year, in May 2015, given the low interest rate environment in the Island. In absolute terms, credit to the private sector expanded by 48.6 billion rupees in the month of May and […]
New mobile device to access CSE trading on the go
July 24, 2015 (LBO) – IronOne Technologies, a software product development company has launched ‘ATrad Mobile’ for busy investors to access the CSE for real-time market information, and to trade securely on their smart phones, a statement said.“‘ATrad Mobile’ has easy to use stock trading features and capabilities that allow clients to securely trade stocks, track and manage portfolios and […]
Sri Lanka police force to get bag of goodies including wage hike and new retirement plan
July 24, 2015 (LBO) – Sri Lanka’s police force will be given a new salary revision, retirement plan and several other benefits, a United National Party Parliamentarian said.“The Sri Lankan government plans to increase the salary of police officers by 40 percent,” John Amaratunga, UNP parliamentarian said.“A cabinet paper proposing the increase will be submitted to the Cabinet next […]
‘s Keells Food Products Q1 profits up 86 pct: Interim Report
July 24, 2015 (LBO) – Sri Lanka’s Keells Food Products Plc, part of the John Keells conglomerate said profits rose 86 percent to 70 million rupees in the June 2015 as revenues also grew.The firm reported earnings of 2.76 rupees per share up from 1.48 rupees in 2014. The stock closed at 141.30 rupees on […]
Sri Lanka Customs to get modern container scanning facility; dock yard for Hambantota Port
July 23, 2015 (LBO) – Sri Lanka’s cabinet has approved a proposal to install a modern container scanning system at Sri Lanka Customs with the view of improving the efficiency and productivity of Customs.The proposal has been made by Finance Minister Ravi Karunanayake to implement the system through a partnership with the private sector.Sri Lanka […]
Sri Lanka stocks close up 0.2-pct on seven week high
July 23, 2015 (LBO) – Sri Lanka’s stocks closed up 0.18 percent on Thursday on a seven week high with index heavy stocks continuing to show gains, brokers said. The Colombo benchmark All Share Price Index closed 12.99 points higher at 7,212.62 up 0.18 percent. The S&P SL20 closed 3.38 points higher at 4,041.21 up […]
Sri Lanka’s Union Bank 1H profits up 211 pct to Rs60mn: Interim Report
July 23, 2015 (LBO) – Sri Lanka’s Union Bank said net profit rose 211 percent to 60 million rupees in the first half to June 2015.Interest income of the bank fell four percent to 1,905 million rupees while interest expenses also fell 31 percent to 865 million enabling net interest income to rise 43 percent […]
Sri Lanka’s Janashakthi Insurance names Esufally as deputy Chair
July 23, 2015 (LBO) – Sri Lanka’s Janashakthi Insurance has appointed Husein Esufally as its new Deputy Chairman and director of the company and Jude Fernando as Chief Executive Officer, a statement said. “Janashakthi Insurance has appointed well-known corporate leader Husein Esufally to a new position as Deputy Chairman and a non-executive independent director with […]
MAS unveils the world’s first Chemical Leasing project for waste water treatment
(Press Release) MAS breaks new ground with the world’s first Chemical Leasing project for waste water treatment.UNIDO applauds it as a great start for Sri Lanka and a giant leap in rethinking chemical management by responsible business brands. Categories: Sustainable Business, Best Practices, Chemical Management As part of a long term commitment to environmental sustainability, […]
Sri Lanka to take legal action to obtain due payments for the transport used in last presidential election
July 23, 2015 (LBO) – Sri Lanka cabinet of ministers had decided to take legal action to get the payments due and to obtain compensations for the damages that had been caused, for the transport used in last presidential election, cabinet spokeman Rajitha Senaratne said at a press briefing held in Colombo. Minister of Internal […]