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Thursday, 14 February 2013



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Lanka has advanced on economic front - Nelmes

“Sri Lanka has accomplished remarkable advancement on a number of economic fronts over the past few years: growth has been vigorous, inflation has declined from high double digits, fiscal and external consolidation is underway and the Standby Arrangement was successfully completed,” John Nelmes, IMF Head of Mission to Sri Lanka said at the conclusion of its staff mission’s visit.

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Hayleys posts PBT of Rs 3.6 bn in 3Q

Strong growth in the third quarter of 2012-13 has enhanced Hayleys PLC’s nine month performance, enabling the Blue chip conglomerate to report wholesome revenue and profit gains for the period. Turnover for the nine months ending December 31, 2012 improved by a robust 12 percent to Rs 52 billion, and profit before tax grew 63 percent to Rs 3.6 billion from Rs 2.2 billion before capital gains,

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RDB targets one mn Divinaguma accounts

Regional Development Bank, Sri Lanka’s official bank for Divinaguma has set a target of opening one million Divinaguma accounts across the country before the end of 2013. RDB, Chairperson Keshala Jayawardana in an interview with Daily News Business,

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IMF Head of Mission to Sri Lanka, John Nelmes, at the discussion.

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