Tag: lbo
Siddhalepa takes Ayurveda to UAE
Siddhalepa, the Ayurveda-based wellness brand, unveiled its presence in the Middle East, particularly in the United Arab Emirates. This auspicious occasion celebrated recently, at the Pullman Hotel, Diera, Dubai, signifies a new era of holistic wellness in the region. The launch event commenced with a warm welcome address by Shihan Sherif, representee of the Sri […]
Sampath Bank reports Q1 results: PAT of Rs3.4Bn
Sampath Bank posted a profit before tax (PBT) of Rs 6.2 billion and a profit after tax (PAT) of Rs 3.4 billion for the three months ended 31st March 2024, notwithstanding an exchange loss of Rs 4.3 billion due to the appreciation of the LKR against the USD by Rs 23.70. These figures signify growth […]
Advocata hosts: Charting the course: Revitalizing economic governance for prosperity
In an effort to address the ever-evolving landscape of global governance, an esteemed gathering of thought leaders from diverse backgrounds will convene for the “Charting the Course: Revitalizing Economic Governance for Prosperity” conference organized independent economic policy think-tank, the Advocata Institute will be held on Saturday, May 18th, 2024, at the Galle Face Hotel, Colombo […]
CSE and USAID hold issuer Forum in South, educating SMEs on opportunities
The Colombo Stock Exchange (CSE) and the United States Agency for International Development (USAID) collaborated on a forum to provide small and medium sized enterprises (SMEs) in southern Sri Lanka with insights into opportunities to raise capital through the CSE. Held recently at the Weligama Bay Marriott Resort & Spa, the issuer forum titled “Redefining […]
John Keells partners with Sysco LABS and Brandix Lanka for FastTrack summer internship programme 2024
The ‘FastTrack’ summer internship, introduced by the John Keells Group, makes its return this year, in collaboration with Sysco LABS Sri Lanka and Brandix Lanka (Pvt) Ltd, offering undergraduates a distinctive four-week summer internship experience. Launched in 2011, FastTrack distinguishes itself by providing participants with an unmatched opportunity to explore the diverse corporate landscape of […]
CFA Society SL to upskill analysts to uphold investment research standards
The much-awaited annual CFA Society Sri Lanka Capital Market Awards will be held for the 11th year on 18 June 2024 at the Cinnamon Grand, Colombo. Today, it is among the most sought-after accolades that recognizes and rewards excellence in the local capital markets. The investment research industry is at the center stage of the […]
Sampath Bank unveils its new “Vishwa” retail App
Sampath Bank, a leading innovator in Sri Lanka’s banking industry, proudly unveiled its revolutionary mobile application, Sampath Vishwa Retail. This progressive launch marks a significant milestone within the internet banking landscape, promising unparalleled convenience and accessibility to customers. Boasting a user base of over one million, representing nearly 25% of the bank’s total clientele, Sampath […]
LankaPropertyWeb introduces AI-powered tool to its real estate marketing
LankaPropertyWeb (LPW), a real estate portal in Sri Lanka, proudly announces groundbreaking enhancements set to revolutionise the real estate marketing industry. Demonstrating an unwavering commitment to innovation, LankaPropertyWeb introduces two cutting-edge features – the AI-powered social Media Promo Add-On Package and the ML Image Recognition Tool – designed to transform property listings and streamline marketing […]
‘s remarks on wage hike may be misunderstood
The Planters Association of Sri Lanka and its members are concerned that the President’s remarks may be misunderstood and lead workers and the public to assume that a final decision has been taken in this matter when it has not, the Assosiaction said in a statement. The Association’s statement was issued following widespread media coverage […]
Sri Lanka exports earnings up almost 10-pct in Mar 2024
The deficit in the merchandise trade account narrowed to US dollars 369 million in March 2024 from US dollars 412 million recorded in March 2023, primarily due to a higher increase in exports than the increase in imports. However, it widened compared to February 2024 (US dollars 319 million).Meanwhile, the cumulative deficit in the trade […]
Sri Lanka inflation up 1.5-pct in April 2024
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100)1 showed some uptick to record 1.5% in April 2024 compared to 0.9% in March 2024. Food inflation (Y-o-Y) decelerated to 2.9% in April 2024 from 3.8% in March 2024. Nevertheless, Non-Food Category recorded an inflation (Y-o-Y) of 0.9% […]
EDB and CHEC Port City Colombo sign MoU to boost export businesses
In a significant move towards attracting export-oriented businesses to Port City Colombo, CHEC Port City Colombo (Pvt) Ltd, the primary developer of the project, recently entered into a partnership with the Sri Lanka Export Development Board (SLEDB). A memorandum of understanding (MoU) was signed between the two parties to this effect at a special ceremony […]