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The Singing Machine Company is a public company listed on Nasdaq under the ticker symbol MICS.The Singing Machine Company is primarily engaged in the karaoke business including the development, production, marketing, and distribution of consumer karaoke audio equipment, accessories, music, musical instruments, and licensed youth electronic products.
The company is listed on the Colombo Stock Exchange since 1981 and in 2017, the Sri Lankan conglomerate, Hayleys acquired the majority of the shares. Singer (Sri Lanka) is ranked 17th in the LMD 100, an annual list of listed companies in Sri Lanka by revenue, in 2020/21 edition. [4]
According to the International Monetary Fund, Sri Lanka's GDP in terms of purchasing power parity is second only to the Maldives in the South Asian region in terms of per capita income. As of 2010 [update] , the service sector makes up 60% of GDP, the industrial sector 28%, and the agriculture sector 12%. [ 1 ]
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A person singing karaoke in Hong Kong ("Run Away from Home" by Janice Vidal). Karaoke (/ ˌ k ær i ˈ oʊ k i /; [1] Japanese: ⓘ; カラオケ, clipped compound of Japanese kara 空 "empty" and ōkesutora オーケストラ "orchestra") is a type of interactive entertainment system usually offered in clubs and bars, where people sing along to pre-recorded accompaniment using a microphone.
Formerly government-owned companies of Sri Lanka (11 P) G. Government-owned companies of Sri Lanka (5 C, 8 P) H. Holding companies of Sri Lanka (21 P) P.