Brandix sustainability summit calls for net-zero carbon future
Brandix hosted its inaugural Sustainability Summit on the 4th of June, in celebration of World Environment Day 2021 on 5th June. The summit focused on the …
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IFC invests $5 mn in Sunshine Holdings to help diversify business operations in Sri Lanka
Consumers in Sri Lanka are set to benefit from a new $5 million investment by IFC to Sunshine Consumer Lanka Ltd, a subsidiary of Sunshine Holdings PLC …
Interview: CIAM; Challenges, opportunities and utilising it to meet evolving customer needs
Prabath Siriwardena, Vice President and Deputy CTO – Security Architecture at WSO2 discusses some of the challenges, opportunities and points to note …
Orient Finance records threefold increase in net operating income
Orient Finance PLC reported a profit before tax of LKR 193 Mn for the 2020-21 financial year, reflecting a year-over-year growth of 144 per cent. The …
Luxury SUVs for MPs while imports for doctors, general public held indefinitely: CMTA
The Ceylon Motor Traders Association (CMTA) has expressed its concerns on the decision the Government has taken to import 400 vehicles – including 227 luxury …
Sri Lanka vehicle registration decline in Apr 2021
Total vehicle registrations for the month of April declined to 2,418 units from 3,556 units the previous month – the comparative month 12 months ago was zero …
Sri Lanka Investment Forum 2021 kicks off
Sri Lanka Investment Forum 2021 was inaugurated this morning by His Excellency the President Gotabaya Rajapakse on a virtual platform. Today’s proceedings …
DSI enjoins infringer for sale of lookalike products
An action was filed by D. Samson & Sons (Private) Limited, through its legal representatives, Sudath Perera Associates for the infringement of its …
VIDEO: Maggi, KitKat-maker Nestle in spot after internal paper is reported
The leading newspaper, Financial Times recently had cited an internal company presentation that designated more than 60% of Nestle’s core food and beverage …
WindForce declares over 1 bn dividends with a strong performance
WindForce Limited, which listed on the CSE this year, displayed a strong performance for the year 2020/21. The company declared an interim dividend of LKR …
Fitch rates Singer Finance’s Sub Debt Final ‘A-(lka)’
Fitch Ratings has assigned Singer Finance (Lanka) PLC's (SFL, A+(lka)/Stable) Sri Lanka rupee-denominated subordinated unsecured debentures a final national …
No disruptions to daily lives: Extend assistance to maintain industries and development: President
President Gotabaya Rajapaksa says that the Governors and District Secretaries should personally intervene to maintain essential services and prevent any …
Litro Gas Lanka purchases 25 acres to set up Oxygen Plant
As the country experiences an increasing need for oxygen to treat COVID-19 affected patients, the health authorities have conveyed to the Presidential Task …
President instructs to tow ‘X-PRESS PEARL’ vessel into deep seas
Sri Lanka’s President Gotabaya Rajapaksa has instructed officials a short while ago to tow the X-PRESS PEARL container ship into deep seas off the Colombo …
Dialog powers ‘Diriya’ to place knowledge at the fingertips of entrepreneurs
Dialog Axiata PLC launched Diriya .lk, a free, trilingual online knowledge portal. This homegrown website features a comprehensive knowledge base sourced from …
Govt and ADB sign USD200Mn loan agreement for rural road development
The Asian Development Bank (ADB) and the Government of Sri Lanka recently signed a $200 million loan agreement for the Second Integrated Road Investment …
Healthcare & Consumer propel Sunshine Holdings’ FY21 performance amidst pandemic
Diversified Sri Lankan conglomerate Sunshine Holdings (CSE: SUN) recorded resilient revenue and profit growth in a pandemic-affected macroeconomic environment, …
Second stock of Sinopharm added to vaccination drive from today
President Gotabaya Rajapaksa has instructed that the second stock of 500,000 Sinopharm vaccine doses received as a gift from the Chinese Government, be used in …
JKH group revenue up by 17-pct excluding Leisure in Q4
• The Group witnessed a faster than anticipated recovery momentum with the performance of most businesses reaching pre COVID-19 levels with business activity …
Aitken Spence non-tourism sectors record highest ever PBT of Rs. 5 bn in 2020-2021
During a turbulent financial year that was affected by the unprecedented COVID-19 pandemic, Aitken Spence Group’s non-tourism sectors delivered the highest …