Category: Other
Nestlé Lanka’s growth at 6.1-pct in first nine months of 2016
(PRESS RELEASE) Nestlé Lanka’s growth at 6.1 % in first nine months of 2016 Sales of Rs.27.8 billion with 6.1% growth Net Profit ofRs. 3.5 billion Focuses oninnovation and renovation, in line with Nutrition, Health and Wellness agenda Recognized for work done on positively impacting local communities, supporting economic development and deliveringworld class locally manufactured […]
‘s President & PM congratulates US President-elect Donald Trump
My warm congratulations to US president-elect Donald J. Trump on this historic victory. @realDonaldTrump — Maithripala Sirisena (@MaithripalaS) November 9, 2016 Congratulations to President Elect @realDonaldTrump for this historic win. Your path to the White House has indeed been truly remarkable. pic.twitter.com/i7IdH5DyKH— Ranil Wickremesinghe (@RW_SRILANKA) November 9, 2016
Sri Lanka bans cinnamon imports and re-exports
Nov 09, 2016 (LBO) – Sri Lanka’s cabinet nod has been received to list Cinnamon as a banned commodity to import from other parts of the world. The move came after few incidents that Cinnamon produced in other countries re-exported to several countries under the Entrepot trade. Ministry of Primary Industries said as per the […]
Interview: Strength of potential partners key to LNG negotiations, says PRDS DG
Nov 08, 2016 (LBO) – The reputation and financial strength of potential partners is key to developing Sri Lanka’s LNG infrastructure, according to the head of the Petroleum Resources Development Secretariat (PRDS). “Introducing a new energy form of LNG and building up end-user dependency on it requires a low-risk approach to supply assurance,” Saliya Wickramasuriya, […]
What you need to know when transferring funds in and out of Sri Lanka – RIU
(PRESS RELEASE) During a recent RIU (Research Intelligence Unit) Investor forum in London, it was found that the number one cause of both confusion and concern amongst non-resident Sri Lankans (NRSL) was the perceived lack of clarity on how funds can be channeled in and out of Sri Lanka from the U.K and other parts […]
PwC Sri Lanka powers ambitious young entrepreneurs at CIMA Launch Pad
PwC Sri Lanka has extended its expertise for the benefit of aspiring young entrepreneurs in the country, to help them realize their ambitious goals, and ensure their startups achieve sustainable long term success. During a knowledge sharing session at the CIMA Launch Pad workshop on October 29, 2016, subject experts from PwC Sri Lanka shared […]
Trump secures U.S. presidential election: report
Nov 09, 2016 (LBO) – Donald Trump will become the 45th US president after beating Democrat candidate Hillary Clinton, foreign media reports said. The battlegrounds of Florida, Ohio and North Carolina cleared the way for Trump to beat favored Clinton, the Associated Press news agency reported. “I just received a call from Secretary Clinton. She congratulated us […]
Hayleys PLC profits down due to Rs.459Mn, Tea and Rubber losses
(PRESS RELEASE) – (November, 07, 2016): Sri Lanka’s leading diversified conglomerate, Hayleys PLC recorded a sharp increase of 18% Year-on-Year (YOY) increase in revenue, with growth in Construction, Agriculture, and Hand Protection sectors supporting the Group to post revenue in excess of Rs. 52 billion by the end of the first half of 2016 (1H16). […]
VirtusaPolaris Unveils Robotic Automation and Innovation Centre, RAICer, at Colombo Facility
(PRESS RELEASE) – Taking Robotic Process Automation (RPA) and Quality Assurance (QA) practices to the next level, VirtusaPolaris unveiled its latest epicentre for innovation, the Robotic Automation and Innovation Centre, RAICer, at its Sri Lanka Advanced Technology Centre (ATC) in Colombo recently. The facility was declared opened by Kris Canekeratne, chairman and CEO of VirtusaPolaris. […]
JAT conferred Sri Lanka Best Employer Brand Award
(PRESS RELEASE) – Colombo. Friday 04 November 2016. JAT Holdings announced that it has been named Sri Lanka’s Best Employer Brand, an award conferred by the Employer Branding Institute, World HRD Congress & Stars of the Industry Group, with CHRO Asia as a strategic partner, and endorsed by the Asian Confederation of Businesses. The Sri […]
International Forum offers investment and capacity building
Press Release: Hon. Malik Samarawickrama, Minister of Development Strategies and International Trade welcomed the participants of the 10th Annual Forum of Development Countries Investment Negotiations which was organized by the International Institute for Sustainable Development (IISD), the South Center and co-hosted by the Ministry of Development Strategies and International Trade and Board of Investment of […]
Fitch rates LB Finance senior and subordinated debt
Fitch Ratings has assigned LB Finance PLC’s (LB; A-(lka)/Stable) proposed senior unsecured and subordinated debentures expected National Long-Term Ratings of ‘A-(lka)(EXP)’ and ‘BBB+(lka)(EXP)’ respectively. The issuance is to total LKR5bn, with the debentures to mature in five years and carry fixed coupons. The debentures are to be listed on the Colombo Stock Exchange. LB expects […]