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 …
Industry
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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 achieved …
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 connected …
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 Personal …
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 company is …
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 polyester fabrics …
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, despite …
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 relationship …
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 tourism in Sri …
Emirates boosts services to Colombo, offering customers 6 weekly flights
Emirates has announced it will increase its services to Colombo from four to six weekly flights – with a fifth weekly flight commencing 18 February (every …
Fitch rates Hatton National Bank’s Basel III Sub-Debt ‘A(EXP)(lka)’
Fitch Ratings has assigned Hatton National Bank PLC's (HNB, AA-(lka)/Stable) proposed Sri Lanka rupee-denominated Basel III-compliant subordinated debentures …
Sampath Bank partners with John Keells Properties’ TRI-ZEN on Home Financing Solutions
Sampath Bank entered into a strategic alliance with TRI-ZEN, a premium smart living project being developed in Union Place, Colombo by John Keells Properties …
Fitch rates Sampath Bank’s LKR6 Bn Basel III Subordinated Debt ‘A(lka)(EXP)’
Fitch Ratings Lanka has assigned Sampath Bank PLC's (AA-(lka)/Stable) proposed LKR6 billion Basel III-compliant subordinated unsecured debentures an expected …
Driving growth-bridging deficits – outlook 2021 report of Ceylon Chamber
The Ceylon Chamber of Commerce launched its annual Outlook Report for 2021, at the Economy and Sector Review and Outlook 2021 webinar recently. The Outlook …
CMTA warns, beware of surging frauds in used-vehicle market
The Ceylon Motor Traders Association (CMTA), Sri Lanka’s automotive association has raised concerns over the heavily persistent fraudulent acts associated …
PUCSL new Chairman assumes duties; launches its work plan for 2021
The Annual Activity Plan 2021 of the Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator was unveiled today. A total of 111 …
JKH and HEMAS consumer collaborate to battle plastic pollution
Plasticcycle, the Social Entrepreneurship Project of the John Keells Group is pleased to onboard Hemas Consumer, in its bin placement initiative targeted …
South Asia’s first-ever all-female gantry crane operator team at SLPA receives Excellence Award
Ten courageous female employees at Sri Lanka Ports Authority have been felicitated with an award to recognize their heroic performances in becoming South …
Aitken Spence Travels to welcome first charter flight from Kazakhstan tomorrow
Aitken Spence Travels, the leading Destination Management Company in Sri Lanka working in partnership with TUI Kazakhstan, will welcome the country’s first …
Foreign Ministry to open a Regional Consular Office in Kandy
Under the guidance of the Foreign Minister, Dinesh Gunawardena, to give impetus to the National Policy Framework of the Government, by enhancing the efficiency …