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200 million face masks order to boost Apparel industry; Brandix exports first consignment to US

Mr. Basil Rajapaksa, Special Representative of the President and Head of the Presidential Task Force on Economic Revival and Poverty Eradication, symbolically handed over the first batch of face masks from a production of 200 million face masks for export by Brandix, to U.S....
Posted On 14 May 2020
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Emirates pays warm tribute to Merrill J. Fernando on his 90th birthday

The shared passion that attracts like-minded organisations to each other was clearly articulated when Emirates, the world’s largest international airline, greeted Dilmah founder Merrill J. Fernando recently, on the occasion of the 90th birthday of the celebrated Sri Lankan...
Posted On 14 May 2020
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Teejay ends 2019-20 with net profit up 28% despite COVID-19 impacted 4th quarter

Top textile manufacturer Teejay Lanka PLC has ended 2019-20 on an encouragingly strong note, despite its projected fourth quarter profit growth being eroded by production shutdowns at all plants in conformity with the lockdowns in Sri Lanka and India necessitated by the COVID-19...
Posted On 14 May 2020
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ComBank makes steady start to 2020 with pre-COVID-19 gains

Impairment charges for Q1 surge to Rs 6.54 bn. Deposits grew by Rs 51.33 bn. to Rs 1.10 Tn. Advances grew by Rs. 28.74 bn. to Rs. 949.2 bn.   Healthy growth in business volumes and an extraordinary contribution from other income, before the slowdown attributed to the...
Posted On 14 May 2020
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PR Wire appointed Strategic PR partner for CARE PRIVILEGE program

CH17 Loyalty, that facilitates the rewards and appreciation program for healthcare professionals and rapid responders, has appointed PR Wire, the leading Strategic Public Relations and Impact Relations experts to handle all Communications and Stakeholder relations activities...
Posted On 14 May 2020

Singer Finance Rs. 1 bn Debenture issue oversubscribed

Singer Finance (Lanka) PLC received a strong vote of confidence from investors with its recent Listed, Rated, Unsecured, Senior, Redeemable three year and five year, Rs. 1 billion debenture issue being oversubscribed. The subscription closed on Wednesday the 13th of May 2020....
Posted On 14 May 2020