The Karadiyana Waste Management Project was held up for nearly a year due to delays in signing the Standardized Power Purchase Agreement (SPPA). With the signing of the SPPA, Fairway Waste Management has moved expeditiously to recommence construction given the criticality of the current waste disposal situation at Karadiyana, where the waste is land filled….
Reuters – Sri Lankan shares ended weaker on Monday, falling for the second straight session in dull trade as the market shrugged off a widely expected rate cut by the central bank while the rupee closed steady, market sources said. ** On Friday the central bank cut its key interest rates to support its faltering…
Mahaweli Coconut Plantations LTD (CODE: MCPL) rang the market opening bell today to commence trading on the Colombo Stock Exchange (CSE) at a special market opening ceremony organized to mark the company listing its shares on the CSE. The shares, which were listed by way of an equity introduction on the Diri-Savi board of the…
The Ceylon Chamber of Commerce has sent a communiqué signed under the Secretary General and CEO of the Ceylon Chamber of Commerce Dhara Wijayatilake to the Ministry of Defence urging the Ministry to take adequate measures to prevent disruptive and unlawful occurrences that will disturb the peace of the communities. Sending a letter to the…
Sri Lanka’s Board of Investment recently signed a 4.5 million US dollar investment agreement with Sundara (Pvt) Ltd, to develop a luxury hotel on the country’s south coast. The project is to be completed by 2020. Speaking at the event the chairman of the Board of Investment Mangala Yapa, stated that this investment will be…
By Ankhi Das, Head of Public Policy- South Asia, Facebook Facebook was built to connect people and give them the power to build community. Around the world, we’ve seen Facebook used to bridge language, cultural and socioeconomic barriers, and give small business owners new economic opportunities. But we also know that connecting people can have…
The Bank experienced increased Non Performing Assets (NPA), lower than anticipated business volumes and the impact of weaker macroeconomic conditions resulting in a loss after taxes of Rs. 196.5 million during the quarter ended 31st March 2019, as compared with a Profit After Tax of Rs. 18.3 million in the corresponding period of the previous…
In a positive development, the Italian Embassy in Sri Lanka is pleased to announce that it has updated its travel advisory on its website for all Italian nationals travelling to Sri Lanka. Lowering the level of security previously advising against travel to Sri Lanka, the new update advises Italian nationals intending to travel to Sri…
~ Strategic Investor G&G has mega plans despite overall risk laden market prognosis Lotus Renewable Energy Group announced the acquisition of the Hatton Plantations (HPL), a public quoted Company, in a 1 billion stock market deal recently via a crossing on the Colombo Stock Exchange. Lotus will acquire the HPL assets, it’s top pool of…
The Board of Directors of Sunshine Holdings PLC appointed Shalini Ratwatte, Head of Corporate, External and Legal Affairs – South Asia New Markets of Microsoft Corporation, as a Director of the Company. The appointment is effective 31 May, 2019. With the new appointment, the Board of Sunshine Holdings PLC will now be comprised of 10…
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