The Hayleys group’s knitted fabric maker, Hayleys Fabric PLC, turned a net loss of Rs.25.2 million or 12 cents a share for the quarter ended June 30, 2017 (1Q17) from a net profit of Rs.32.6 million recorded during the corresponding period last

United Tractor and Equipment (Pvt) Ltd (UTE) decided to show Advanced Level students who aspire to be Automotive Engineers what it’s like to be trained in the world class UTE-CAT state-of-the-art multi-million dollar training center.

Airwise: Singapore Airlines reported a higher operating profit for its first quarter, as group revenue rose 5.6 percent.Total revenue for the quarter to end June came in at SGD$3.86 billion, from the previous year period’s SGD$3.66 billion. Ope

Mastercard announced its partnership with Emirates to offer additional savings on economy and business class tickets. 

The capital market regulator, the Securities and Exchange Commission (SEC), yesterday said going forward disciplinary actions would be taken against the stockbrokers who do not adhere to the capital adequacy requirements introduced last year.  

National Policies and Economic Affairs Deputy Minister Dr. Harsha De Silva recently called on chartered accountants to adapt and grow and face head on the drastic changes the business world is witnessing. 

Jetwing, one of Sri Lanka’s three largest hospitality and tourism firms, is adding three new hotels to its portfolio later this year with Rs.850 million in investments, with the properties located at extreme ends of the island from the capital

The Commercial Bank of Ceylon has launched a fixed deposit linked facility that provides depositors with credit that can be drawn and utilised in full or in part at their discretion while their deposits earn interest.

The credit extended to the private sector by the banks continued to decelerate as the latest data for May showed that the private sector credit growth for the first time in many months had settled below 20 percent, but still above what the policymake

Mobitel launched Municipal Assessment Payment System (MAPS), an eTax payment system on July 28th at the Dehiwala - Mount Lavinia Municipal Council premises. 

The local construction sector recently saw the launch of the Barton brand in the country, a top notch, premium range of quality electrical cable protection systems.  

The annual get-together of officials and professionals in the leasing industry will take place tomorrow at the Taj Samudra from 7.00 p.m. onwards.

DFCC Bank PLC reported earnings of Rs.5.84 a share or Rs.1.54 billion for its April-June quarter (2Q17) compared to the Rs.747 million profit it recorded during the same period last year as the sale of shares it held in Commercial Bank helped the ban

Siddhalepa, the leading ayurvedic hospital which organizes a series of ayurveda clinics for government employees to maintain their good health in order to serve the nation better, recently conducted a historic ayurveda clinic at Prime Minister’

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Overseas Realty (Ceylon) PLC (OSEA), the local unit of the Singapore-based real-estate group, reported an earnings of 66 cents a share or Rs.811.8 million for the April-June quarter, up 6.3 percent from the same period last year, as revenue from the

The London Stock Exchange Group – Sri Lanka (LSEG SL) was feted with two prestigious awards at the recently concluded Annual LSEG CEO Awards, taking top honours in the categories for responsible business and excellence.

DFCC Bank was awarded a Certificate of Merit for ‘Outstanding Business Sustainability Achievement’ at the Karlsruhe Sustainable Finance Awards organised by the Global Sustainable Finance Network which was recently held at the Karlsruhe Ci

Seylan Bank PLC reported earnings of Rs.3.74 a share or Rs.1.32 billion for the June quarter (2Q17), recording an increase of 25 percent year-on-year (YoY) amid weaker growth in loans, compressed margins and higher loan-loss provisions, the interim r

SDB bank held a series of seminars for students facing the grade-five scholarship exam this year. Organized as a CSR initiative under SDB’s Lakdaru children’s savings account, the bank holds these seminars every year throughout the countr

Generation Next Communications Pte Ltd., (GENXT) Singapore, a leading mobile and IT distributor within Asia has appointed Rajeev Gooneratne as their new Chief Executive Officer to head the operations of Generation Next Communications Sri Lanka. 

Hatton National Bank (HNB), won significant recognition at the recently concluded Excellence in Integrated Reporting Awards 2017, winning an award for the Ten Best Integrated Reports.

Hirdaramani Woven Puthukudiyruppu was awarded the Leed Platinum certification established by the US Green Building Council and verified by the Green Building Certification Institute (GBCI). 

The Cargills group yesterday said it entered into an agreement with Bank of China Limited to promote cooperation and strengthen business ties between the two entities.

Sri Lanka is witnessing a surge in tourism that has the potential to make it one of the most popular tourist destinations in the world. The country attracted over two million tourists in 2016, generating revenue of over US$3.5 billion, up by 14 perce

One of Sri Lanka’s second generation digital companies – One Verge Holdings (Pvt) Ltd recently renewed its partnership with pioneers of mobile video streaming, Apalya Technologies (Pvt) Ltd that has presence in over 11 countries across So

Bakamuna recently collaborated with Theatre Junction as the official design partner for the contemporary musical ‘Cinderella’ which concluded on August 1st. 

The Ceylon Chamber of Commerce’s National Agenda Committee on Infrastructure presented a set of recommendations on fast-tracking Private-Public Partnerships (PPP) to the Minister of Finance and Media Mangala Samaraweera recently, and highlighte

The Export-Import Bank of Korea (Korea Eximbank) has completed the KSP-ADB Joint Consulting Programme for establishment of an ICT hub for secondary education project. 

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