The per capita consumption of wheat flour per annum from current 26kg to 16kg, will be reduced according to the aim of the government, as per Economic Development Minister Basil Rajapaksa.

Milk food companies have cancelled orders on imports of milk powder for next month after the government failed to take a decision on a revision of prices of milk powder. They further stated that this is temporary till the government takes necessary actions. Also stated that stocks will be sufficient for this month and it [...]

A fully owned subsidiary of Sampath Bank PLC named Sampath Leasing and Factoring Ltd, has accomplished successful year recording Pre Tax Profit of Rs 232.20 Million for the financial year ended 31st December, 2011. The reported Profit after Tax (PAT) for the same period was Rs 192.39 Million. This represents an increase of 51% in [...]

According to the Ministry of Cooperatives and Internal Trade the decision on the milk powder price revision will be taken today(March 1) after milk food companies requested a price revision from the Pricing Committee of the Consumer Affairs Authority.

The new acting Chairman of the Ceylon Petroleum Corporation is appointed to be Dayananda Vidanagamachchi. Also he will be named as Directors too, stated by Petroleum Industries Minister Susil Premajayantha. The Petroleum Ministry in a release yesterday stated that the appointment was made effective from February 24.

Vardhana eBanking under the tagline ‘Be Enabled’ was recently launched by the DFCC Vardhana Bank (DVB), the everyday banking unit of DFCC Bank. The introduction of this new service promises to enable DFCC Vardhana Bank’s clientele to perform a host of banking functions from the comfort of their homes or offices. It has opened a [...]

Coca-Cola one of the leaders in the beverage industry, exposed their selves at the SLIM – Neilsen People’s Awards 2012 held recently, by being awarded Winners of the prestigious “Youth Beverage Brand of the Year”. The winners of the SLIM – Neilsen People’s Awards are judged by the consumers themselves.