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Ceylon Cold Stores net up 26-pct in December quarter
Jan 30, 2017 (LBO) – Profits at Sri Lanka’s Ceylon Cold Stores rose 26 percent to 823 million rupees in the December 2016 quarter from a year earlier. Ceylon Cold Stores is a top producer of carbonated drinks, ice creams and has a retail chain. The firm reported earnings of 8. 67 rupees per share […]
Capital Alliance introduces high value management trainee programme
Sri Lanka’s leading investment banking firm and the preferred partner in capital markets, Capital Alliance Limited (CAL), has launched a new Management Trainee & Internship Programme called ‘CAL Talent Circle’ to attract and nurture talent in the financial services industry. This programme offers graduates, undergraduates and school leavers a unique opportunity to learn and contribute […]
Nawala emerging as high end apartment hub: RIU
Jan 30, 2017 (LBO) – Nawala, between Sri Lanka’s commercial capital Colombo and administrative capital Kotte, is seen as the next high-end residential apartment hub, as new infrastructure in and around the area will address issues related to traffic congestion, a research institute said. “Many new real estate developers have realised the potential of the […]
Toyota Lanka launches its first 1,000cc vehicle Wigo
Press Release: Toyota Lanka (Private) Limited, the sole authorized distributor for Toyota vehicles in Sri Lanka launched its very first 1000cc brand new vehicle to the Sri Lankan market. The Toyota ‘Wigo’ was unveiled at the Ceylon Motor Show held at the BMICH. The ‘Wigo, is Toyota Lanka’s very first entry in the 1000cc category […]
Indian trade chamber interested in investments in north
Jan 30, 2016 (LBO) – Sri Lanka is ready to welcome India’s largest business chamber, the Chamber of Commerce and Industry of India (ASSOCHAM), as there are significant opportunities for investment in the north, Rishad Bathiudeen, the minister of industry and commerce said. Bathiudeen was speaking at the 8th Jaffna International Trade Exhibition last week. […]
Hayleys “Jeevadhara” project for Murunga cultivation
(PRESS RELEASE) – Committed to improving rural livelihood and nutrition through sustainable agricultural development, Hayleys Agriculture the agriculture arm of the leading multinational conglomerate Hayleys PLC, launched the ‘Jeevadhara’ programme to provide one million Moringa (Murunga/Drumstick/Moringa Oleifera) plants to families in Jaffna and neighboring areas of the Northern Province via a network of 100,000 out-growers. […]
Asia shares, S&P futures fall as Trump travel ban, weak GDP adds to U.S. worries
SINGAPORE, Jan 30 (Reuters) – Asian stock markets and U.S. stock futures retreated on Monday after President Donald Trump introduced immigration curbs that sparked criticism at home and abroad and added to global fears of increasingly unpredictable U.S. policies. Trump on Friday put a 120-day hold on allowing refugees into the country, an indefinite ban […]
‘s North, more in pipeline
Jan 30, 2017 (LBO) – Sri Lanka opened a state-run paddy store in Mannar to cater to the Northern region which can store 10,000 metric tonnes at cost of 2.6 billion rupees, the Ministry of Industries and Commerce said. “Farmers in this area faced may difficulties including a 30 year war, and now we are […]
Fitch affirms SriLankan Airlines govt guaranteed bonds at B+
Fitch Ratings has affirmed SriLankan Airlines Limited’s (SLA) US dollar-denominated government guaranteed bonds at ‘B+’. KEY RATING DRIVERS The airline’s bonds are rated at the same level as SLA’s parent, the government of Sri Lanka (GoSL; B+/Negative) due to the unconditional and irrevocable guarantee provided by the government. GoSL held 99.5% of SLA as at […]
Sri Lanka President appoints members to commission on bond issue
Jan 27, 2017 (LBO) – Sri Lanka’s President Maithripala Sirisena today appointed a tri-member special presidential commission to inquire into the allegations of malpractices in the bond issues of the Central Bank. The commission comprises of Supreme Court judges Justice Kankanithanthri T. Chitrasiri, Justice Prasanna Sujeewa Jayawardena and retired Deputy Auditor General Vellupillai Kandasamy. The […]