Becomes Official Printing Partner for Warp and Weft Knit Giant Textprint Lanka (Pvt) Ltd – the fully integrated fabric printing entity of MAS Holdings supply chain – signed a Sales and Purchase Agreement with Trischel Fabric (Pvt) Ltd on the 31st of January 2021. Through this amalgamation Textprint assumes position as Trischel’s official print solution…
The Securities and Exchange Commission of Sri Lanka (SEC) recently conducted a forum for the Chief Financial Officers (CFOs) of several private companies with the view of encouraging them to list on the Colombo Stock Exchange (CSE). The SEC has had a continuous dialog with all stakeholders of the capital market and has emphasized on…
Aitken Spence PLC non-tourism multi-industry sectors reported a Profit-Before-Tax (PBT) of Rs. 1.3 Bn in 3Q, a growth of 44% compared to the previous year in the midst of challenging economic conditions. These sectors also reported an EBITDA (Earnings Before Interest Expense, Tax, Depreciation and Amortisation) of Rs. 1.7 Bn compared to Rs. 1.4 Bn…
LOLC Holdings PLC (LOLC) releasing its nine-month results has recorded a PAT (profit after tax) of Rs. 45 billion after adjusting for corporate tax on a PBT (profit before tax) of Rs. 48 billion. The group recorded Rs.4 billion as profits for the third quarter, a healthy performance considering the COVID-19 pandemic situation negatively affecting…
The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator approved the power purchase agreement to build 300 MW Kerawalapitiya Liquid Natural Gas power plant in Sri Lanka under the new chairmanship and the board members last week (13 Feb 2021). The power purchase agreement will be signed by the Ceylon Electricity Board…
Diversifying its portfolio, Resus Energy PLC, a forerunner in renewable energy, operating a number of mini hydropower stations in Sri Lanka, recently connected the first of its ground-mounted Solar PV plants to the national grid. The development rights were secured from a government tender floated under the Sooriya Balasangramaya programme to procure 60 x 1MW…
The Hayleys Group maintained its remarkable growth momentum in the first nine months of FY 2020/21, delivering its highest ever pre-tax profit of Rs.11.51 billion which represents a tripling of profitability compared to the corresponding period of last year. The performance reflects exceptional growth in the core performance of the Group’s export-oriented businesses, relentless focus on cost efficiencies through…
LONDON (Reuters) – Group of Seven finance ministers are expected on Friday to back a new allocation of the International Monetary Fund’s own currency, or Special Drawing Rights, to help low-income countries hit by the coronavirus pandemic. We explain what SDRs are, how they are used and which countries could benefit the most. WHAT ARE…
Complements President’s 10th “Gama Samaga Pilisandara” Programme As the National ICT and Telecommunications service provider, SLT-MOBITEL recorded yet another first by deploying enhanced Voice & 4G/Data connectivity solutions at Meemure – an iconic village in the island nation – in conjunction with the President’s 10th “Gama Samaga Pilisandara” programme, on 13th February, 2021. To power…
The second round of Sri Lanka – Japan Policy Dialogue at the Senior Official Level of the two Foreign Ministries was held virtually Wednesday, 10 February 2021. Reminiscing the solid foundation of recorded political and cultural interactions between Sri Lanka and Japan, the two sides discussed an array of policy priorities in the national, regional and international levels, and resolved to work together in pursuing the common goals of interest. Both sides reviewed and noted key areas for expanding…
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