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‘s JKH Group PBT up 21-pct to Rs.27.6Bn
John Keells Group profit before tax (PBT) increased by 21% to Rs.27.63 billion for the financial year ended 31 March 2018. The profit attributable to equity holders of the parent was Rs.21.02 billion, representing an increase of 29% over the Rs.16.28 billion recorded in the previous year “During the year under review, the key businesses […]
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 and served in the Secretariat, Establishments and Economic Research Departments before being appointed as Director of Economic Research (1977 – 1980). He served as Assistant to the Governor […]
Crafting Sustainable Hospitality Management with KPMG
KPMG Maldives hosted an interactive workshop on hospitality management on the topic of “Crafting Sustainable Hospitality Management” on 20th March 2018 at Hotel Jen Male’. The workshop was conducted by Mr. Nirmalan Nagendra, a veteran hotelier with over 33 years of experience with prominent hotel chains around the globe. He currently serves as a consultant […]
Delegation of U.S. Congress members meets Prime Minister
May 30, 2018 (LBO) – A delegation of Congress members of United States met Prime Minister Ranil Wickremesinghe at Temple Trees today.The delegation comprised of Mac Thornberry, Carol Shea-Porter, Vicky Hartzler and Henry Cuellar has discussed the ways in which the United States can support Sri Lanka development.The delegation met Prime Minister and U.S. Ambassador […]
Scandinavian countries invest 23-pct of total foreign purchases in 2018: CSE
May 30, 2018 (LBO) – Investment flows from the Scandinavian region to the Sri Lankan stock market have made a noteworthy improvement in recent years, the Colombo Stock Exchange (CSE) said. According to the CSE, inward investments from Scandinavian countries have grown by 39 percent per annum (CAGR) since 2013. “2.4 billion rupees in foreign […]
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 […]
Colombo Port shows second highest growth rate in global port rankings
May 30, 2018 (LBO) – Colombo Port has been ranked as the port that shows the second highest growth rate among container ports worldwide, Sri Lanka Ports Authority said. Ports Authority said Colombo Port recorded a 16.2 percent growth for the 1st quarter 2018 over the same quarter last year according to Alphaliner monthly 2018. […]
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 […]
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, reflecting major output increases in China, Kenya and Sri Lanka. Releasing a new report about global tea consumption and production, Food and Agriculture Organization’s Intergovernmental Group (IGG) […]
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 […]
Dollar strengthening combines with political uncertainty in Sri Lanka: Moody’s
May 28, 2018 (LBO) – Strengthening of the Dollar in Sri Lanka has combined with domestic political uncertainty, weighing on the rupee, Moody’s Investors Service said.Moody’s said country-specific factors like in Sri Lanka have played a role in tightening financing conditions. Tightening financing conditions reflect various factors, including the appreciation of the US dollar. Moody’s, […]