Currently produces 2 million tyres per annum Says it has capacity to supply 100% of Sri Lanka’s Truck & Bus tyre requirements Increasing Car Radial tyre capacity by 45% within next few weeks; new machinery being installed CEAT Kelani Holdings has announced that in response to the Government’s policies to develop domestic industry, it has…
The Board of Investment of Sri Lanka has signed an agreement with HTCey Aqua Culture (Pvt) Limited for a 12 million pl (Post Larvae) capacity shrimp farm in Karikatti, Puttalam. The agreement was signed on behalf of the BOI by Mr Susantha Ratnayake, Chairman of the Board and on behalf of HTCey Aqua Culture by…
Workers’ remittances recorded a growth of 6.7% in June 2020, year-on-year, to US $ 572 million, mainly due to festival allowances received by the migrant workers in the Middle East, latest External Sector Performance report of the Central Bank of Sri Lanka outlines. On a cumulative basis, however, workers’ remittances recorded a decline of 8.9%…
Plantation companies will sustain a cumulative loss of more than Rs 500 million within months due to policy inconsistencies and vacillation by the government on a well-regulated expansion of Sri Lanka’s oil palm cultivation, the sector’s apex industry association has warned. The Palm Oil Industry Association (POIA) said 356,000 oil palm plants imported on the…
The MarCom Collective congratulated Prime Minister Mahinda Rajapaksa and his newly appointed cabinet of ministers as well as all other Members of Parliament over their victory at the recently concluded General Elections. “We would like to congratulate President Gotabaya Rajapaksa, Prime Minister Mahinda Rajapaksa, the Cabinet of Ministers and all other Members of Parliament on…
Bank PAT of Rs 4.5 Bn Total Deposit grow by Rs 55 Bn Maintains stability with CAR at 19% and LAR at 34% HNB posted resilient financial results during the 1H 2020 amid the unprecedented disruptions of COVID-19 pandemic with Group PAT for 1H increasing by 6.8 % YoY to Rs 5.5 Bn while Bank-level…
Industry leader, the Bank of Ceylon is leading the way to help the nation in this challenging year to achieve the desired goals of the country as well as those of all its stakeholders. The COVID -19 pandemic geared down the growth of all most all of the economies in the world and safety measures…
SLASSCOM, the national chamber for the knowledge and innovation industry in Sri Lanka, active in facilitating trade and business, education and employment, research and innovation to support the creation of a progressive national policy framework in the interest of the IT-BPM industry, congratulates the new government and looks forward to continuing its partnership in growing…
According to the latest external trade data released by the Central Bank, country’s trade deficit narrowed in June 2020 (year-on-year), with a more than expected rebound in merchandise exports and notable reduction in merchandise imports on account of restrictions on non-essential imports. The deficit in the trade account narrowed in June 2020 to US dollars…
The Ceylon Tobacco Company’s performance in the three months ended 30th June 2020, has been significantly impacted due to the lockdown measures and impact to National as well as personal economies of consumers owing to the Covid-19 pandemic, the company said in its latest quarterly financials. During the period under review, company’s sales volumes declined by…
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