Profits down; Entrust replaces board of directors
On the guidance of the Central Bank of Sri Lanka, the National Savings Bank board of directors has been entrusted to manage Entrust Securities PLC as its board of directors with effect from 12 January...
View ArticleAmãna Bank turns around with a pre-tax profit of LKR 218 Million
~ Records impressive growth with operating income up by 31% crossing LKR 2 Billion. Amãna Bank recorded its first year of core business profits in 2015 sustaining its trend in profitability which...
View ArticleVirtusa completes acquisition of majority interest in Polaris Consulting &...
• Virtusa completes the acquisition of 51.7% of the fully diluted outstanding shares of Polaris. • Virtusa updates fourth quarter and full fiscal year 2016 guidance based on the...
View ArticleSuncity completes 6-storey tower in Moratuwa
Suncity Developers has announced the completion of the six-storey apartment complex in Moratuwa. Comprising 20 fully functional apartments, Suncity Towers, Moratuwa is equipped with modern accessories...
View ArticleMillenniumIT named ‘Best Exchange Technology’ provider at 2016 Markets Choice...
~ Markets Media award cites next generation MillenniumIT platform for its technical innovation, versatility and reliability ~ Rapid development and delivery of Aequitas NEO in Canada and BVL in Peru...
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All Share Price Index drop below 6,000 points
The All Share Price Index at the Colombo Stock Market dropped below 6,000 points this morning (08 March). It is noteworthy that this is the first time that such a drop of below 6,000 units has been...
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Capital Gains Tax fears drive ASPI to below 6,000 points
~ Stock Market drops by 13.7 per cent during this year With reports that a Capital Gains Tax is to be imposed on share transactions, the daily trading at the Colombo Stock Market dropped to an...
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Colombo stock market shares down by 100 points today too
The All Share Price Index (ASPI) at the Colombo Stock Market dropped by more than 100 points today as well (09 March). This drop was recorded by 10.41 am today, within around one hour and 21 minutes...
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Minister John Amaratunga opens Softlogic Finance’s 28th branch in Wattala
Softlogic Finance PLC opened its 28th branch in Wattala recently under the patronage of Minister of Tourism Development, Christian Religious Affairs and Lands, John Amaratunga, thereby continuing the...
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Bringing local fresh milk to consumers: Nestlé opens new milk chilling centre...
~ Contributes close to LKR 4 billion to Sri Lanka’s dairy industry in 2015 Nestlé, Sri Lanka’s largest private sector collector of fresh milk, has contributed LKR 3.6 billion to almost 20,000 local...
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Sri Lanka takes first steps into a truly inclusive cashless payment...
A revolutionary new model in cashless mobile payments is set to create an SME led transformation in the Sri Lankan economy with the launch of PAYable, a free Bluetooth card reader and Mobile phone App....
View ArticleCentral Bank rejects Treasury Bill auction bids
The Central Bank of Sri Lanka (CBSL) decided to reject the bids received for the Rs. 20,000 Treasury Bill auctions held today (09 March). Market sources had earlier stated that under a situation where...
View ArticleEPSI Technology partners with MyDeal.lk and MyStore.lk to resell online
EPSI Technology (Pvt) Ltd. recently partnered with leading e-Commerce platforms, MyDeal.lk and MyStore.lk, to resell an array of IT products. Through this partnership, MyDeal.lk and MyStore.lk will...
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Asiri Laboratories to expand its footprint
Having reached the pinnacle of popularity and reliability in the country for over 30 years, Asiri Laboratory Services is proud to announce its latest plans to further expand its footprint this year...
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Record number of Janashakthi High-Fliers qualify for MDRT membership
Janashakthi Insurance PLC announced that 16 members from its Life Insurance Sales team had qualified for the Million Dollar Round Table (MDRT) membership in 2016, marking a significant milestone for...
View ArticleMasterCard partners Flemingo Duty Free to offer cardholders great savings in...
Continuing to provide cardholders with unparalleled benefits, MasterCard announced its partnership with duty free store operator Flemingo Duty Free in Sri Lanka. MasterCard cardholders flying to...
View ArticleWorkInSriLanka Quarterly Meetup – March 2016
WorkInSriLanka (WISL) will be holding aQuarterly Meet-Upon the 15th of March 2016 as its first event of the year. This is a networking event, exclusively for professionals who have recently moved to...
View ArticleACL Cables PLC unveils superior ceiling fans to the Sri Lankan market
ACL Cables PLC, the No.1 cable manufacturer in Sri Lanka recently unveiled a superior range of electric ceiling fans for the local market. Recognized as the pioneer in Sri Lanka’s cable industry since...
View ArticleNations Trust Bank relocates Thalawathugoda branch to enhance customer...
Nations Trust Bank PLC (NTB) has relocated its Thalawathugoda branch to a more spacious and convenient location with ample parking facilities to enhance customer convenience, thereby re-affirming its...
View ArticleCarl Cruz assumes duties as Chairman of Unilever Sri Lanka
With effect from March 1, 2016, Carl Cruz assumed duties as Chairman of Unilever Sri Lanka, taking the helm from his predecessor, Shazia Syed who has returned to Pakistan to assume her duties as the...
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