Singer records over Rs. 1bn worth sales of Huawei smartphones in three consecutive months

nova2i tops Rs. 1bn sales within 2 months Singer Sri Lanka, the exclusive national distributor for Huawei smartphones has successfully recorded over 1 billion worth of Huawei smartphones across Sri Lanka, consecutively during the months of November, December 2017 and January...
Posted On 25 Feb 2018


  2017 sees only a marginal increase in cigarette excise revenue -  total revenue stood at LKR 117.3 bn compared to target of LKR 135 bn Smuggled cigarettes booming – 450 mn cigarettes entered illegally in 2017 Smuggled fags now account for 15% of the legal tobacco industry...
Posted On 18 Feb 2018

Hayleys posts strong nine-month topline growth, turnover up 37%YoY to 112.3 Bn

Strong top line performances across the Hayleys Group and the addition of recent strategic acquisitions  resulted in a 37% YoY increase in turnover upto Rs. 112.3 billion during the nine months to 31st December 2017 while gross profits expanded by 29% YoY up to Rs. 24 billion.  ...
Posted On 18 Feb 2018

Haycarb records turnover of Rs. 10.9 billion and profit before tax of Rs. 564 million at Q3 2017/18

Haycarb PLC, the Sri Lankan multinational of Hayleys PLC reported revenue of Rs. 10.9 billion and profit before tax of Rs. 564 million for 9 months ending 31 December 2017. The profit after tax stood at Rs. 473 million. Haycarb PLC Managing Director Mr. Rajitha Kariyawasan said...
Posted On 17 Feb 2018

CAL at the forefront Sri Lanka’s Capital Markets in 2017

Sri Lanka’s #1 investment banking firm and the preferred partner in financial markets, Capital Alliance Partners Limited (CAL), enters the year 2018 on a high note. Having sealed a number of transactions across all 3 business verticals in Debt Capital Markets, Equity Capital...
Posted On 21 Jan 2018

Stock Market continues strong start to the year with the second listing of 2018

LVL Energy Fund Limited (LVEF) rang the opening bell to commence trading and celebrate the listing of its shares at the Colombo Stock Exchange (CSE) today. The listing follows a successful Initial Public Offering by the company, through which it raised Rs. 1.2 billion through a...
Posted On 20 Jan 2018

Jetwing Symphony Limited makes CSE trading debut as the first listing in 2018

Jetwing Symphony Limited rang the opening bell to commence trading and celebrate the listing of its shares as the first listing at the Colombo Stock Exchange (CSE) for 2018. The listing follows a successful Initial Public Offering by the company in December 2017, through which it...
Posted On 11 Jan 2018

Alumex spearheads effort to mould a new generation of construction professionals

Even as Sri Lanka’s construction sector continues to enjoy an unprecedented level of growth and development – rising to a rate of 9.3% Year-on-Year in the second quarter of 2017, the construction industry itself is finding it increasingly difficult to find labour – skilled or...
Posted On 08 Jan 2018

Planters Association of Ceylon commend swift action to help lift Russian restrictions on Sri Lankan tea imports

The Planters’ Association of Ceylon (PA) issued a statement commending the swift and effective action taken by the Ministry of Plantation Industries, the Sri Lanka Tea Board, and all other state and diplomatic officials that played a role in negotiating the lifting of a temporary...
Posted On 03 Jan 2018

Tea Sector Trailblazer Eranda Aberathna of Halpé Tea wins ‘National Young Entrepreneur of the Year 2017’

Starting a business is always a daunting task for any entrepreneur. For Eranda Aberathna, Managing Director U.H.E. Exports (Pvt) Ltd, success comes from the courage to dream big. Launching the company just three and a half years ago with only himself and a graduate-assistant, he...
Posted On 29 Dec 2017

Four Ways to Drive Diversity and Inclusion in the Workplace

The global workplace is evolving and women are the next emerging market in the world (Ernst & Young, 2013). The female labor participation rate in Sri Lanka stands at 35.9% (Department of Census and Statistics—Sri Lanka, Q2 2017). Furthermore, Asia Pacific is home to 700...
Posted On 20 Dec 2017

BoardPAC, Sri Lanka’s top-notch paperless board meeting solution enters Australia

BoardPAC, the award-winning Sri Lanka-developed, iPad-enabled paper-less board communication and meetings solution has been launched in Australia to service large corporations in that country. Headquartered in Melbourne, with a regional office in Sydney, the Australian company...
Posted On 15 Dec 2017