Teejay Lanka 9-month revenue up 64-pct to Rs 36.1Bn
Improved demand from the region and enhanced capacity have helped Teejay Lanka PLC to post Group revenue of Rs 36.1 billion for the nine months ending 31st …
Industry
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Eran Wickramaratne reveals SJB’s economic policies
Explaining the economic policy of the future SJB government, Eran Wickramaratne M.P. said that the SJB has already decided to allow the use of chemical …
Hemas Group revenue up by 21.9-pct over last year
Hemas Holdings PLC (HHL) recorded a Group revenue of Rs.57.7 billion, an increase of 20.5 percent over last year. The underlying cumulative operating profit of …
Ajit Gunewardene to be appointed Chairman of Teejay Lanka
Teejay Lanka PLC, Sri Lanka’s largest textile manufacturer, has announced that business leader Ajit Gunewardene is to be appointed Chairman with effect from …
PUCSL says demand for electricity can be managed during month of February
The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, stated that the demand for electricity can be managed during the month …
Fitch downgrades Singer Finance to ‘A(lka)’; Outlook negative
Fitch Ratings has downgraded Singer Finance (Lanka) PLC's (SFL) National Long-Term Rating to 'A(lka)' from 'A+(lka)'. The Outlook is Negative. The agency has …
Consolidation of Non-Bank Financial Institutions on track; Rs 12.6bn fresh capital introduced: CBSL
The Non-Bank Financial Institutions sector has witnessed a significant improvement in compliance with regulatory capital requirements and has recorded the …
Aitken Spence partners with Delegation of German Industry & Commerce in Sri Lanka
Aitken Spence PLC, the diversified blue-chip organisation recently partnered with the Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) …
Sri Lankan apparel must target opportunities arising from post-COVID rebalancing of global trade
Small and medium scale apparel producers have called on the authorities to assist the sector in expanding Sri Lanka’s apparel production capacity, to …
Hela Apparel Holdings IPO oversubscribed by 5.4 times
Hela Apparel Holdings (the holding company of the Hela Clothing Group) made history this month with the successful oversubscription of the largest initial …
Q3 performance at JKH Group sees turnaround in Leisure business
Summarised below are the key operational and financial highlights of our performance during the quarter under review: • Group EBITDA recorded a significant …
Loops wins big at SLIM DIGIS
Award-winning creative-led integrated marketing agency, Loops Integrated, received 6 recognitions, including a Gold, at the SLIM DIGIS Awards, held on the 25th …
Cargills Online becomes first ecommerce platform to integrate LANKAQR
Cargills Online has become the first and currently the only e-commerce platform in Sri Lanka to integrate LANKAQR for delivery thereby providing greater …
Hambantota Port to begin MGO fuel bunkering operations; first supply vessel calls at port
Oil tanker ‘Sunny Bay’ carrying 15,000 metric tons of Marine Gas Oil (MGO), called at the Hambantota International Port (HIP) on the 23rd January. …
Renewable energy can be a solution to SL’s energy crisis
Sri Lanka is currently facing an acute energy crisis, primarily due to the country’s reliance on imported fossil fuel. The solution to this is for the …
PUCSL decision on power interruption
The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, has decided to reconsider the proposal made by the Ceylon Electricity …
Indonesia pledges to strengthen palm oil smallholders
A special meeting was held on the 11th of January 2022 between the Palm Oil Association of Sri Lanka (POIASL) and Her Excellency, Dewi Gustina Tobing, …
Electronic & Electrical Sector breaks record with over USD 422mn export earnings in 2021
Electronic and Electrical Sector has recorded a 30% increase in its export earnings compared to $328mn recorded last year, despite COVID-pandemic challenges. …
Sri Lankan sapphires highlighted at SL Embassy in China
Sri Lankan gemstones were showcased at a glamorous event hosted by the Embassy in Beijing on 17 January, 2022. Sponsored by the ‘LARWINER - Gem Art …
Hotel service providers should accept payments from persons resident outside SL in forex: CBSL
The Monetary Board of the Central Bank issued Rules making it mandatory for hotel service providers to accept payments from persons resident outside Sri Lanka, …