Talawakelle Tea Estates becomes first plantations company to be crowned Overall Winners TTEL and KVPL bring home a collective 14 awards including 6 Gold and 5 Silver Awards Consolidating its reputation as one of Sri Lanka’s most respected tea producers, Hayleys Plantations made history after its subsidiary Talawakele Tea Estates PLC (TTEL) was…
Oil prices have bounced around in the week following the OPEC+ agreement, and the IEA says that the deal may have at least put a floor beneath prices. However, volatility is unlikely to go away. There are a litany of variables that will have enormous impact on oil as we head into 2019, on both…
Hayleys Energy Services (HES), the pioneer in Oil and Gas support services in Sri Lanka, announced the arrival of the oil and gas drillship “Aban Abraham” for a warm lay-up to the Hambantota International Port, Sri Lanka. Aban Offshore Limited, the company that own the vessel, is India’s largest offshore drilling services provider to oil…
Reuters – ** The Sri Lankan rupee ended a tad weaker on Thursday in dull trade amid pressure on the currency due to foreign outflows from bonds and stocks as a lingering political crisis weighed on sentiment ahead of a key ruling by the island nation’s Supreme Court. ** After the markets closed, the Supreme…
Announces addition of 2 new mega QGCs, 6 RTGs & 12 Prime Movers to enable handling of 22,000+ TEU vessels Colombo International Container Terminals (CICT) has announced a significant equipment addition that will enhance the terminal’s deep water capacity and make Colombo one of the few ports in Asia capable of handling vessels of…
Whilst Sri Lanka’s mobile market has experienced strong growth over the last six years, Slow growth is predicted over the next five years to 2023, a recent report titled ‘Sri Lanka Telecoms, Mobile and Broadband Market Growth, Analysis, Challenges and Industry Key Players’ done by WiseGuyResearch Consultants (Pvt) Ltd highlights. “The market will be constrained…
Businesses in Sri Lanka that offer childcare support to their employees can gain a significant positive impact on recruitment, retention and productivity of workers, especially women, according to a new report released by the International Finance Corporation (IFC), a member of the World Bank Group, in collaboration with the United Nations Children’s Fund (UNICEF). ‘Tackling…
Nations Trust Bank PLC has announced the appointment of Gihan Cooray as Chairman of the Board of Directors, with effect from December 1st 2018. Cooray takes over as Chairman following the retirement of Krishan Balendra who stepped down after having served the stipulated maximum 9 year tenure as a Director of Nations Trust Bank PLC….
Sri Lanka’s LAUGFS group Managing Director Thilak De Silva speaking to reporters had recently pointed out that LAUGFS Power Ltd, a subsidiary of LAUGFS Gas PLC, will invest a further Rs. 3.5 billion until 2020 to add 20 MV of solar power to the National Grid. LAUGFS Power currently owns and operates Sri Lanka’s largest…
Central Depository Systems (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), signed a MoU with Korea Securities Depository (KSD) on the sidelines of the 22nd Annual General Meeting of the Asia‐Pacific Central Securities Depository Group (ACG) hosted in Colombo. The MoU aims to strengthen the relationship between the depositories and…
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