Policy backsliding derails Sri Lanka’s aspirations to become maritime hub
Policy experts discuss Sri Lanka's policy towards building future port infrastructure. "Sri Lanka losing out to regional competitors because of …
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Lanka Property Web says SL real estate market stable despite pandemic
“Since the turn of the year there has been an increase in real estate activity by property buyers and sellers”, said Sri Lanka’s leading …
President appoints Channa Jayasumana as Acting Minister of Health
Professor Channa Jayasumana has been appointed as the Acting Minister of Health until the Minister in charge of the subject Pavithra Wanniarachchi …
Sampath Bank report slight decline in profits for 2020
Financial Performance for the Year 2020 Sampath Bank recorded a decline in Profit After Tax (PAT), from Rs 11.1 Bn in 2019 to Rs 8 Bn for the year …
Exemption of landing charges for Mattala & Ratmalana Airports further extended
Sri Lanka's Cabinet nod has been received to extend the exemption of landing and parking charges for Mattala Rajapaksa International Airport and …
SEC conducts workshop for CFOs of potential listed companies
The Securities and Exchange Commission of Sri Lanka (SEC) recently conducted a forum for the Chief Financial Officers (CFOs) of several private …
Hayleys delivers its best ever PAT of Rs. 8.20bn; Foreign currency earnings exceed USD 443mn
The Hayleys Group maintained its growth momentum in the first nine months of FY 2020/21, delivering its highest ever pre-tax profit of Rs.11.51 …
PUCSL approves power purchase deal to build 300MW Kerawalapitiya LNG power plant
The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator has approved the power purchase agreement to build a 300 MW …
John Keells IT earns highly acclaimed SAP on Azure Advanced Certification
John Keells IT, a leading boutique consulting and professional services company and one of the pioneers in driving cloud adoption in the region, has …
Pelwatte receives 463 Mn project facility from SAPP for dairy farming
Pelwatte Dairy, the pioneering domestic Dairy Milk Producer has secured 463 Million from the SAPP (Smallholder Agribusiness Partnerships Programme). …
Resus Energy connects first of its ground-mounted Solar PV power plants to national grid
Diversifying its portfolio, Resus Energy PLC, a forerunner in renewable energy, operating a number of mini-hydropower stations in Sri Lanka, recently …
I ask you to be confident; ongoing negotiations will produce results soon: CBSL Governor
Governor of Sri Lanka’s Central Bank, Professor W D Lakshman requests people to be confident as ongoing negotiations with overseas agencies will …
Sri Lanka official reserves down to USD4.8bn by end January; YTD rupee depreciation 4.2-pct
Sri Lanka’s official reserves were 4.8 billion US dollars (USD 4,814.6mn) by the end of January 2021, down from 5.7 billion US dollars in December …
Hemas reasserts its agility with a strong quarter performance
Hemas Holdings PLC (HHL) delivered another strong quarter of results driven by its commitment to serve its customers in the core segments, Home and …
Port City donates Rs. 20Mn worth PCR equipment and testing kits to SL
CHEC Port City Colombo donated a PCR testing machine and 5,000 PCR test kits worth over Rs. 20 million to the government today. On behalf of Mr. …
PM opens new manufacturing facility of seafood exporter Ceylon Catch
The new fish manufacturing facility of Ceylon Catch (Pvt) Ltd. was declared open by Prime Minister Mahinda Rajapaksa on Thursday at Dankotuwa. The …
SEC and CSE meet with Stockbrokers to discuss current status of stock market
The Securities and Exchange Commission of Sri Lanka together with the Colombo Stock Exchange on Thursday held a discussion with the stockbroker firms …
Eco-Spindles breaks ground on new polyester yarn facility
Aims to double polyester yarn production by 20222,300 tonnes of waste plastic bottles recycled in 2019/20Targeting export demand for recycled …
Agreement signed with ICTA to digitize entire judicial system in Sri Lanka
The Ministry of Justice, the Judicial Services Commission and the Information and Communication Technology Agency (ICTA) jointly initiated a program …
Sri Lanka and Japan conclude 2nd Policy Dialogue virtually
The second round of Sri Lanka - Japan Policy Dialogue at the Senior Official Level of the two Foreign Ministries was held virtually …
SLT Group’s operating profit for 4Q 2020 grew by 27-pct, revenue recorded at Rs. 24Bn
Sri Lanka Telecom PLC (SLT) Group concluded financial year 2020 on a high note, with a significant 25% YoY growth in profit after tax to Rs. 7.9 Bn, …
People trust robots more than themselves with money
Research shows growing confidence among consumers and business leaders that robots handle finance tasks better than people 2020 has changed our …
BMICH and SriLankan Airlines in agreement to help sustain MICE tourism
SriLankan Airlines together with the country’s premier meeting, events, and function hosting venue BMICH, have come together to promote MICE …
Tribute to Dr. Neville Fernando
By Eran Wickramaratne: Dr. Neville Fernando’s death a few days ago ended the colourful life of a doctor, politician, entrepreneur in the …