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Janashakthi Rings the Bell at Colombo Stock Exchange to Celebrate 25th anniversary

Marking its milestone 25th year, Janashakthi Insurance PLC rang the ceremonial bell to commence trading at the Colombo Stock Exchange, today in the presence of the Janashakthi Insurance Chairman, Prakash Schaffter, the Director / Chief Executive Officer, Jude Fernando, the Board...
Posted On 04 Nov 2019
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LAUGFS Gas Continues to Extend LPG Supply to the Market and Meet Consumer Demand

In response to rising consumer demand for LP Gas, LAUGFS Gas PLC has doubled its supply and continues to work around the clock. In the aftermath of the global LPG shortage following the drone attack at Saudi Aramco oil processing facilities, LAUGFS PLC experienced a brief...
Posted On 02 Nov 2019
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Teejay’s 6-month net profit surges 75% to Rs 1.24 billion on robust Q2 growth

Top textile manufacturer Teejay Lanka PLC has witnessed impressive top and bottom line growth in the first half of 2019-20, with investments in expansion and internal measures continuing to generate anticipated improvements to net profit margins and other key performance...
Posted On 31 Oct 2019

PA sounds alarm on growing discrepancy between tea auction and export prices

  Unexplained gap between Bulk export and High Grown average widens in every month of 2019 Warns of severe disruption to the industry if producers continue to be squeezed on price at auction Urges all stakeholders to ensure that producers are given a fair and sustainable price at...
Posted On 21 Oct 2019
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Honda Dio generates highest recorded sales in local scooter market

Honda Dio, scooter, imported and marketed locally by Stafford Motor Company, has achieved a recorded market share around 60%  in the overall scooter market of Sri Lanka. According to the sales records of Stafford Motor Company, around five hundred thousand Honda Dio scooters have...
Posted On 02 Oct 2019

Hayleys invests Rs. 2.3 bn post Easter Sunday events

Hayleys PLC showed exemplary leadership by investing over Rs.2.3 billion across the group following the tragic events of Easter Sunday reiterating confidence in the country’s potential. The group’s leading producer of value-added coconut-fibre products, Hayleys Eco...
Posted On 02 Oct 2019
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President Awards Brandix ‘Exporter of the Year’ at Export Awards

Leaders in Apparel exports, Brandix, with a global base of 60,000 Associates were bestowed with the accolade ‘Exporter of the Year’ by President Maithripala Sirisena at last evening’s prestigious Presidential Export Awards 2018/2019. The award was accepted by Brandix Directors...
Posted On 20 Sep 2019
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Teejay wins first ‘Best Exporter Award –Textile Sector’ at Presidential Export Awards

Teejay Lanka PLC, Sri Lanka’s only multinational textile manufacturer, was adjudged the Best Textile Exporter in Sri Lanka at the 2019 Presidential Export Awards presented by the Export Development Board (EDB). The ‘Best Exporter Award –Textile Sector’ presented to the Company at...
Posted On 20 Sep 2019
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Tea Small Holder Factories PLC recognized as the best CTC Tea Manufacturer Island wide

Tea Small Holder Factories PLC, a fully owned subsidiary of John Keells Holdings was recently recognized as the best CTC (Crush Tear and Curl) Tea Manufacturer Island wide. The award presented by the Tea Exporters Association was won by the Hingalgoda Tea Factory on the 6th of...
Posted On 20 Sep 2019

Mastercard TrackTM to Modernize $125 Trillion Global B2B Payments Market

Payments leader unveils vision and products to transform global business-to-business payments market. Mastercard TrackTM Business Payment Service is the first global open-loop commercial service built to simplify and automate payments between the world’s suppliers and...
Posted On 19 Sep 2019
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Sunshine’s Vish Govindasamy calls for a strategic unit to analyse and respond to global events impacting the SL economy

Addressing the Sri Lanka Economic Summit 2019, Sunshine Holdings Group Managing Director and Vice Chairman of Ceylon Chamber of Commerce (CCC), Vish Govindasamy said a strategic unit needs to be set up to analyse and proactively respond to significances of global events which...
Posted On 19 Sep 2019

Dipped Products Records Turnover of Rs.7.8Bn

The Dipped Products Group posted Rs.7.8 billion turnover and Rs. 221 million Profit before Tax (PBT) for the first quarter ended 30th June 2019. The Hand Protection segment posted a growth of 8% in turnover amounting to Rs. 4.4 billion and contributed Rs. 219 million to Group...
Posted On 08 Aug 2019