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Aitken Spence reports cumulative first nine months PBT of 10.3 Bn

BusinessHarry Jayawardena Chairman and Parakrama Dissanayake Deputy Chairman and MDTags: Print EditionAitken Spence PLC reported a cumulative Profit Before Tax (PBT) of Rs. 10.3 Bn for the nine months ended December 31, 2022, which was a…

National tea sales average up by Rs. 762.09 YoY

BusinessTags: Print EditionNational tea sales average for the month of January 2023 recorded Rs. 1,466.76 (USD 4.04). In comparison to the January 2022 average of Rs. 704.67 (USD 3.51), shows a significant increase of Rs. 762.09 YoY. When…

Cargills opens high tech Central Warehouse in Katana

BusinessClaude GunasekeraLouis Page, Chairman of Cargills Group of Companies opening the new Central Warehouse Complex along with the Board of Directors. Picture by Wimal Karunathileke Tags: Print EditionCargills opened the high tech,…

Nestlé invests Rs. 1 Bn in biomass boiler project

Highest ever coconut yield of 3.2 Bn nuts reported in 2022Coconut exports top unprecedented USD 850 Mn turnover BusinessFizel JabirMinister of Industries and Plantations Dr Ramesh Pathirana, Nestlé Lanka Managing Director, Jason Avancena…

Dynasty Residence opens in Kandy

BusinessTags: Print EditionDynasty Residence Kandy is now ready for occupancy. Deeds will be transferred within thirty days or less after full payment. Serviced apartments will commence soon along with a guaranteed return on investment…

IRCSL organised virtual awareness session for Insurance Brokering Companies on Jan. 25

BusinessTags: Print EditionThe Insurance Regulatory Commission of Sri Lanka (IRCSL) conducted a virtual awareness session for insurance brokering companies on January 25, 2023 on reporting requirements. IRCSL adopts various tools to…

“India is creating modern infrastructure” EAM Jaishankar

BusinessTags: Print EditionIndia is today a provider of solutions ensuring basic facilities to its people, creating a modern infrastructure, and building a digital network, External Affairs Minister S Jaishankar said, recommending…

Asia Asset Finance expands locations with new branches

BusinessTags: Print EditionOne of Sri Lanka’s gold-focused financial solutions provider, Asia Asset Finance PLC, has expanded its Islandwide reach to seventy locations across the country, adding fifteen new locations during 2022. The…

“Uncertainty results in choppy trade”

BusinessTags: Print EditionIndex closed broadly flat with mixed sentiment during today’s session while most of the retail investors took the sidelines as ambiguity rose over trade union protest. Initially the market dived to an intraday low…