Category: Other
Sri Lankan dairy industry players urge strong collaboration among stakeholders
Key highlights of the Seminar on “Challenges in Meeting Emerging Trends in the Dairy Industry” organized by the All Island Dairy Association • The local dairy sector adds about 1.2% to GDP and has increased supply from 196mn litres in 2010 to 327mn litres in 2017, yet still meets only 40% of Sri Lanka’s growing […]
Dehan Seneviratne appointed Chairman of Sri Lanka Tourism Promotion Bureau
The Ministry of Tourism Development and Christian Religious Affairs announced the appointment of Mr. Dehan Seneviratne as Chairman, Sri Lanka Tourism Promotion Bureau with effect from 4th June 2018. A veteran in the marketing field, Mr.Seneviratne takes over as Chairman of SLTPB at a crucial juncture with the long-awaited global promotion campaign about to get […]
HNB concludes Syndicated Term Loan for Sri Lanka’s first waste to energy plant
Hatton National Bank as the Lead Arranger of the Syndicated Loan together with People’s Bank, DFCC and Bank of Ceylon signed off Loan Agreements to finance the setting up of Western Power Company’s waste to energy plant, the first of its kind in Sri Lanka. A subsidiary of Aitken Spence PLC, Western Power Company has […]
Elephant House commissions one of Asia’s most modern ice cream factories
Elephant House recently commissioned one of the most modern ice cream manufacturing facilities in Asia.Situated at the Seethawaka BOI zone, at Avissawella, this factory with the added capacity it brings will lead to a doubling of Elephant House’s existing ice cream production volume. Also, it facilitates Elephant House enhancing its portfolio of products.Backed by 150 […]
First Capital records highest ever PAT of Rs. 1.96 billion in 17/18
First Capital Holdings PLC (The Group) the only listed investment bank in Sri Lanka, recorded its highest ever Consolidated Profit after Tax of Rs 1,960Mn for the year 2017/18, marking a milestone in the investment bank’s history.The results show a significant growth compared to Rs. 232Mn in 2016/17. First Capital, with its impressive 35 year […]
Deshamanya A S Jayawardena: The banker’s banker
Deshamanya A S Jayawardena was the tenth Central Bank Governor, functioning in the position from November 1995 to June 2004. He joined the Central Bank in 1958 and served in the Secretariat, Establishments and Economic Research Departments before being appointed as Director of Economic Research (1977 – 1980). He served as Assistant to the Governor […]
Panasian records stellar growth; to explore opportunities in Africa & SEA
Panasian Power PLC (PAP.N), one of Sri Lanka’s leading green energy solutions providers, posted a profit before tax of Rs. 207.5 million for the year ending 31st March 2018. The company generated Rs. 489 million in revenue for the year against Rs. 205 million the previous year. This was compounded by a healthy gearing for […]
Vesak celebrated in the European Parliament for the first time
For the first time in the European Parliament in Brussels, Vesak as a day of international observance was marked with a special ceremony on Thursday, 24 May 2018.The special Vesak ceremony was hosted by Geoffrey Van Orden, MEP, Chair of the Friends of the Sri Lanka Group in the European Parliament with the participation of […]
XpressJobs becomes Sri Lanka Institute of Marketing preferred recruitment provider
XpressJobs.lk signed a partnership with SLIM (Sri Lanka Institute of Marketing) as SLIM’s preferred recruitment provider on May 24th 2018. This allows all SLIM graduates to get a job through XpressJobs.lk as soon as they finish their studies at SLIM. “We have a section on our website with jobs which require the SLIM qualification. When […]
Global black tea production to go up 2.2-pct annually over next decade: Report
May 28, 2018 (LBO) – World production of black tea is projected to rise annually by 2.2 percent over the next decade to reach 4.4 million tonnes in 2027, reflecting major output increases in China, Kenya and Sri Lanka. Releasing a new report about global tea consumption and production, Food and Agriculture Organization’s Intergovernmental Group (IGG) […]
CAL to create platform Sri Lankan investors can access regional capital markets
Capital Alliance (CAL) has signed an MoU with AKD Securities Limited and Pakistan and Lanka Bangla Securities Limited in Bangladesh with the objective of providing investors with a single investment platform via which they can access South Asia’s leading frontier markets. The MoU, which comes against the backdrop of the successful inaugural South Asia Investor […]
JVP hands over draft proposal of 20th amendment to the Constitution to Speaker
The JVP today handed over the draft proposal of the 20th amendment to the Constitution as a private members bill to the Speaker of Parliament.