John Keells group's, Ceylon Cold Stores, popularly known as Elephant House, saw a 4 percent year-on-year (YoY) decline in net profits to Rs.179.3 million for the September quarter (2Q13), with its Keells Super supermarket chain still in the red, the interim financial accounts released to the Colombo Stock Exchange showed
Sri Lanka was highlighted alongside the frontier markets Vietnam and Bangladesh, as being ideal investments for foreign investors with a high risk appetite seeking to diversify their equity portfolios, in an equity strategy report from HSBC.
For the third consecutive year, Sri Lanka’s National Mobile Service Provider, Sri Lanka Telecom Mobitel won the coveted ‘Excellence in Engineering’ award, under the category ‘Infrastructure – Service Sector: Large” at the Annual Engineering Excellence Awards 2012 presented by the Institution of Engineers, Sri Lanka (IESL).
Sri Lanka must break its colonial chains of being a follower and facilitate an environment where innovation and invention can lead the economy out of ‘Third World’ status’, Senior Minister of Scientific Affairs Prof. Tissa Vitarana stated at the Ray Awards ceremony held on Wednesday.
Meaningful reforms targeted at retirement funding, including the possible segregation of Sri Lanka’s largest social security scheme, the Employees’ Provident Fund (EPF), is urgently required in order to ensure that retirees have access to a pension in future, according to a panel of experts on the subject at the recently held LBO LBR CEO Forum.
H & M Shipping Services (Pvt.) Ltd., a joint venture between Hemas Transportation ( Pvt.) Ltd. and Mercantile Shipping Company PLC launched its brand new crew boats ‘MercMas I’ and ‘MercMas II’ at a colourful ceremony in Galle.
Making a landmark order in an Intellectual Property Law case, Supreme Court ruled that importing of genuine HP products through alternative sources on a prima facie basis sustain the specific provisions of the Intellectual Property Law of permitting parallel imports.
Following the success of the World Spice Food Festival since 2005, Sri Lanka Tourism Development Authority has once again made arrangements to conduct the World Spice Food Festival 2012, with the aim of showcasing culinary expertise from around the world with added Sri Lankan flavour.
ONGC Videsh (OVL), the overseas arm of the state oil explorer has held initial talks with Cairn India for a partnership in Sri Lanka, where Cairn drilled successfully to announce the island’s first hydrocarbons discovery, Indian media reports said quoting unnamed sources.
Out of the 14 teams that vied for the right to represent Sri Lanka at the Young Spikes competitions to be held in Singapore this year Tharanga Rathnasekara and Champika Anuradha from Mindshare will represent Sri Lanka as the winners of the local media competition
The world renowned Islamic Finance News (IFN) Roadshow will hit the shores of Sri Lanka this September, bringing together the country’s Islamic Finance industry and its key regulatory stakeholders to one forum to discuss the issues, challenges and potential of the industry.
CBSL maintains policy interest rates at their current levels
Fitch affirms Sri Lanka at ’Restricted Default’
Tourist arrivals below expectation: SLTDA
Sri Lanka economy slows ahead of presidential elections
Planned cuts to former presidents’ perks face legal hurdles
Govt. to conduct probe into e-visa fraud: Vijitha Herath
African leaders pour in congratulatory messages to President
Police security assigned for former MPs withdrawn