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Most Profitable Asia Cigarette Maker Faces Cheap Cigar Flood - Bloomberg

2017-10-04 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (24-0)

Sri Lanka has lowest occurrences of teen smoking: study

2017-06-21 dailymirror.lk
Sri Lanka has the lowest prevalence of teen smoking (1.7 percent) in the world, a recent study by the US Centers for Disease Colombo and Prevention (CDC), revealed. The highest prevalence (35 percent) was in Timor-Leste. Sri Lanka has slapped over 40 percent tax on tobacco and alcoholic products and also has also mandated graphic health warnings on cigarette packs. Also advertising of tobacco or alcoholic products are not allowed and the government is currently mulling to impose a ban on loose cigarette sales.

The Politics Of Tobacco Control Policy-Making In Sri Lanka

2017-03-31 colombotelegraph
The harms associated with tobacco use are well documented in the scientific literature and articles published in national newspapers. However, less information is available on the politics inherent in tobacco control policy-making and the factors that explain tobacco control policy outcomes. This article will concentrate on this information gap, focusing on the key stakeholders, ideologies, power and politics inherent in tobacco control policy-making in Sri Lanka.

Ceylon Tobacco unit profits up 8-pct in Dec despite volume drop

2017-02-28 lankabusinessonline
Feb 28, 2017 (LBO) – Profit after tax at Ceylon Tobacco, a unit of British American Tobacco, rose 8 percent to 2.0 billion rupees in the December quarter, interim accounts showed.

Sri Lanka’s Ceylon Tabacco to close two leaf depots

2017-01-31 lankabusinessonline
Jan 31, 2017 (LBO) – Sri Lanka’s Ceylon Tobacco Company PLC (CTC) announced that it will be closing its leaf depots situated in Anuradhapura and Sigiriya due to the impact of tax hikes despite an increase in profits reported last year.

Sri Lankan shares end flat as policy uncertainty continues to weigh

2017-01-09 lankabusinessonline
Jan 09, 2017 (Reuters) – Sri Lankan shares were little changed on Monday after hitting a nine-month low last week as uncertainty over the government’s monetary and budget policies continued to weigh on the market.

Sri Lankan shares rise on bargain hunting, snap 5-day losing streak

2017-01-06 lankabusinessonline
Jan 06, 2017 (Reuters) – Sri Lankan shares edged higher on Friday, ending a five-day losing streak and recovering from a nine-month low hit in the prior session as investors picked up battered down shares.

Sri Lanka shares end near 9-mth low; foreign selling in Keells weighs

2017-01-04 lankabusinessonline
Jan 04, 2017 (Reuters) – Sri Lankan shares fell for a fourth straight session on Wednesday, to end at a near nine-month low, as investors sold large-cap shares on fears that continued foreign selling in John Keells Holdings could dampen market sentiment further.

Sri Lankan shares hit more than 8-mth closing low; turnover slumps

2016-12-27 lankabusinessonline
Dec 27, 2016 (Reuters) – Sri Lankan shares closed at their weakest in more than eight months in typical year-end holiday-thinned trading on Tuesday, with turnover slumping to a near 33-month low as investors stayed away.

Hayleys wins ‘Best Corporate Citizen Sustainability Award 2016’

2016-11-25 dailymirror.lk
Hayleys PLC Chairman/CEO Mohan Pandithage receiving the award from Central Bank Governor Dr. Indrajit Coomaraswamy Pic by Damith Wickramasinghe

Sirisena Enjoys Kehel Kole Bath While Ravi K Wants Public To Tighten Belts: Full Text Of The Budget Speech

2016-11-10 colombotelegraph
As President Maithripala Sirisena enjoyed a scrumptious lunch in a kehel kole (banana leaf) today, Finance Minister Ravi Karunanayake unveiled a mixed bag of goodies, aimed at tightening the belt of the public by increasing the taxes while also reducing essential items such as green gram, dhal, potatoes, white sugar, LP Gas and Kerosene.

Sri Lankan shares hit fresh 3-mth closing low ahead of budget

2016-11-02 bizenglish.adaderana.lk
Reuters – Sri Lankan shares extended losses for a third straight session to close Tuesday at a fresh three-month low as investors shrugged off the central bank’s decision to keep rates unchanged.

Sri Lankan shares hit fresh 3-mth closing low ahead of budget

2016-11-01 lankabusinessonline
Nov 01, 2016 (Reuters) – Sri Lankan shares extended losses for a third straight session to close Tuesday at a fresh three-month low as investors shrugged off the central bank’s decision to keep rates unchanged.

All cigarette brands increased by a minimum of Rs. 5 each

2016-11-01 adaderana.lk
All cigarette brands has been increased by a minimum of Rs. 5 each. (Approx 15%) from today, the Ceylon Tobacco Company announced.

Sri Lankan shares hit 12-wk low as investors eye budget, 5-yr plan

2016-10-25 bizenglish.adaderana.lk
Reuters – Sri Lankan shares closed Monday at their lowest in 12 weeks in lean trade as investors awaited cues from the central government budget and the five-year plan ahead of corporate results.

CTC continues to generate sustainable farmer livelihoods in Sri Lanka

2016-10-07 bizenglish.adaderana.lk
Ceylon Tobacco Company PLC (CTC) has a proud history of over 100 years in Sri Lanka during which time it has become an integral part of the country’s agriculture and business sectors. The company’s involvement in the agricultural sector extends over 70 years with leaf growing operations starting as far back as the 1950’s. CTC’s leaf growing operations continue to infuse value into the rural economy amounting to Rs.

Sri Lankan shares end lower on profit-taking

2016-10-06 bizenglish.adaderana.lk
Reuters – Sri Lankan stocks ended down on Wednesday from their highest level in six weeks, hit in the previous session, led by profit-taking in Commercial Credit and Finance Plc, while the new tobacco tax weighed on Ceylon Tobacco Company shares.

Sri Lankan shares end up on Commercial Credit stake sale

2016-10-05 bizenglish.adaderana.lk
Reuters – Sri Lankan stocks closed at their highest level in six weeks on Tuesday, led by record gains in Commercial Credit and Finance Plc after Thailand’s Group Lease PCL bought a 30 percent stake in the firm.

Govt. expects to raise Rs.100bn through revised VAT this year

2016-09-29 dailymirror.lk
Finance Minister Ravi Karunanayake (right) showing a letter from the Government Printer in his attempt to refute allegations by the Joint Opposition about the legality of the latest revised VAT Bill, as Treasury Secretary Dr. R. H. S. Samaratunga looks on Pic by Pradeep Dilrukshana

Sri Lankan shares end flat amid foreign outflows

2016-09-27 bizenglish.adaderana.lk
Reuters – Sri Lankan stocks ended steady on Monday, as gains in financial shares were offset by losses in consumer staples, amid foreign outflows and tax hike concerns.

Sri Lankan shares rise on blue chips; foreign outflow hits 7-mth high

2016-09-23 bizenglish.adaderana.lk
Reuters – Sri Lankan stocks hit a one-week closing high on Thursday, led by blue chips as investors picked up beaten down counters, even as foreign investor outflow touched a seven-month high, mainly due to selling in shares of National Development Bank.

Sri Lankan shares fall for 4th straight session; VAT proposal weighs

2016-09-21 bizenglish.adaderana.lk
Reuters – Sri Lankan shares fell for a fourth straight session on Tuesday, led by large caps, as selling pressure on stocks expected to take a hit from a proposed tax increase weighed on sentiment.

Sri Lankan shares post over 6-wk closing low on VAT hike concern

2016-09-17 bizenglish.adaderana.lk
Reuters – Sri Lankan shares posted their lowest closing level in more than six weeks on Thursday, as a government proposal to raise the value added tax (VAT) weighed on markets.

Sri Lankan shares edge down on VAT hike concern

2016-09-15 bizenglish.adaderana.lk
Reuters – Sri Lankan shares closed marginally lower on Wednesday, posting their lowest closing level in nearly six weeks, as a government proposal to raise the value added tax (VAT) hurt market sentiment.

Sri Lankan shares end higher; blue-chips lead

2016-09-14 bizenglish.adaderana.lk
Reuters – Sri Lanka’s benchmark index edged up on Tuesday to recover from a seven-week closing low hit in the previous session, led by blue-chips, but investors stayed on the sidelines amid confusion over falling bond yields.