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Sudesh Peter receives prestigious CTC Chairman’s Award

The Ceylon Tobacco Company PLC (CTC) recently bestowed the company’s highest honour, the Chairman’s Award, on External Affairs Counsel, Sudesh Peter. The award recognizes outstanding personal contribution to the growth and development of the company during the...
Posted On 20 May 2018

Allianz Further Integrates Ecological And Social Responsibility Into Its Core Business

  2017 Sustainability Report documents Allianz Group’s achievements in Corporate Responsibility Focus on climate protection and social inclusion   The Allianz Group presented the most significant results and key figures for its environmental, social and governance...
Posted On 20 May 2018

Virtusa Announces Fourth Quarter and Fiscal Year 2018 Consolidated Financial Results

Fourth quarter fiscal 2018 revenue of $281.3 million, increased 6.6% sequentially and 24.5% year-over-year, inclusive of $5.7 million from the eTouch acquisition. Fourth quarter fiscal 2018 diluted EPS was $0.06 on a GAAP basis, and $0.55 on a non-GAAP basis, up 17% sequentially....
Posted On 20 May 2018
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HNB leads in digital solutions for Corporate Collections management

Current and Savings liquidity Growth over 10 Bn   As the country’s leading Private Commercial bank in Sri Lanka, HNB has taken a keen interest in developing its Cash Management business which is now a key business vertical of the Bank. With HNB’s fleet of collection solutions,...
Posted On 20 May 2018
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Haycarb records turnover of Rs. 15.5 billion and profit before tax of Rs. 926 million for 2017/18

The Sri Lankan multinational Haycarb PLC reported revenue of Rs. 15.5 billion, profit before tax of Rs. 926 million and profit after tax of Rs. 774 million for financial year 2017/18. The earnings per share of equity holders of the company was Rs. 22.63 for the year. The Chairman...
Posted On 20 May 2018
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CMPort showcases Hambantota’s potential at TOC Asia 2018

Hambantota could be an important ‘pit stop’ in the Indian Ocean for ships plying the east-west route, a senior business leader told an influential global port industry forum recently. Invited to make a presentation at the 2018 TOC Asia (Terminal Operator Conference) in Singapore,...
Posted On 18 May 2018

Allianz Further Integrates Ecological And Social Responsibility Into Its Core Business

  2017 Sustainability Report documents Allianz Group’s achievements in Corporate Responsibility Focus on climate protection and social inclusion   The Allianz Group presented the most significant results and key figures for its environmental, social and governance...
Posted On 17 May 2018
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Resurgent Teejay Lanka’s Q4 pre-tax profit up 27% to Rs 501.6 million

Says now well-positioned for strong operational growth in 2018-19 Teejay Lanka PLC has reported profit before tax of Rs 501.7 million at Group level for the final quarter of 2017-18, to end a challenging year with a noteworthy resurgence that augurs well for Sri Lanka’s only...
Posted On 12 May 2018
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“Compact housing solutions are the way forward in today’s market”

Nano Homes by Landmark Developers, a first-of-its-kind solution for those seeking smaller living spaces Landmark Developers, Sri Lanka’s new property developer with innovative concepts and ideas for modern homes, has launched “Nano Homes”, a first-of-its-kind solution where the...
Posted On 12 May 2018
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Talawakelle Tea Estates’ Great Western Estate secures ISO accreditation for environment and quality management

The Great Western Tea Estate of Talawakelle Tea Estates PLC (TTE), one of three companies within the plantation arm of Hayleys PLC, announced the successful completion of accreditation processes which secured ISO 14001:2015 certification with respect to the company’s...
Posted On 05 May 2018
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IFC invests in Melwa Hotels to Boost Tourism Infrastructure in Sri Lanka

IFC, a member of the World Bank Group, is investing $27 million in Melwa Hotels and Resorts Private Limited towards the development of 3 hotels across Sri Lanka. The investment will increase Sri Lanka’s capacity in the tourism sector, create jobs, and generate more foreign...
Posted On 05 May 2018
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CAL to host the inaugural South Asia Investor Conference in Colombo

Sri Lanka’s No. 1 investment banking firm and preferred partner in financial markets, Capital Alliance (CAL), is proud to announce the inaugural South Asia Investor Conference (SAIC 2018), which will be held on 7th and 8th May 2018 at the Taj Samudra Hotel. A joint collaboration...
Posted On 05 May 2018