Gal Oya Plantation Limited (GOPL), a majority government-owned entity, has issued a public statement clarifying the circumstances surrounding its recent receipt of an FL 01 license to operate a liquor bottling plant. The company states the license was granted as part of a court-mandated settlement and not due to political favoritism, countering what it calls…
In a milestone collaboration for Sri Lanka’s tourism industry, the Sri Lanka Tourism Promotion Bureau (SLTPB) proudly announces the successful completion of filming for ‘Serendipitous Journeys” ‘, a Chinese reality series produced by Mango TV, one of China’s most influential digital platforms. This marks the first time a project of this scale and visibility has…
Reuters – A U.S. trade court on Wednesday blocked President Donald Trump’s tariffs from going into effect in a sweeping ruling that the president overstepped his authority by imposing across-the-board duties on imports from nations that sell more to the United States than they buy.The Court of International Trade said the U.S. Constitution gives Congress exclusive…
Reuters – New Zealand’s Fonterra (FCG.NZ), opens new tab raised the lower end of its annual earnings forecast on Thursday, after reporting higher third-quarter profit, helped by strength in the dairy giant’s ingredients channel and consumer operations business. The company’s shares rose 0.9% to NZ$4.6 and are headed for their best intraday session since May…
WindForce PLC, Sri Lanka’s leading renewable energy company, has reported outstanding financial results for the fiscal year 2024/25, demonstrating its strategic resilience and commitment to sustainable growth. The Group recorded consolidated revenue of LKR 6.9 billion, marking an 18% increase from the previous year, while EBITDA rose by 9% to LKR 6.1 billion. Net profit…
Continues Momentum with Strengthened Balance Sheet and Upgraded Credit Rating First Capital Treasuries PLC, a subsidiary of First Capital Holdings PLC and a leading nonbank primary dealer in Sri Lanka, announced a Profit after Tax of Rs. 3.0 billion for the financial year ended 31 March 2025, demonstrating its financial strength and resilience amid evolving…
Focus on a Long-Term Industrial Development Strategy to Overcome Export Barriers A discussion on the challenges facing Sri Lanka’s export industry was held this morning (28) at the Presidential Secretariat, under the patronage of President Anura Kumara Disanayake. The meeting brought together heads of institutions under the Ministry of Industry and Entrepreneurship Development, as well…
SriLankan Engineering, the Maintenance, Repair and Overhaul (MRO) division of SriLankan Airlines, has been certified by the Civil Aviation Authority of Thailand (CAAT) as a Foreign Repair Station and Approved Maintenance Organization (AMO). This milestone certification paves the way for SriLankan Engineering to provide high-quality, cost-effective MRO solutions directly to Thai-registered operators and global leasing…
Sri Lanka Export Development Board organized the Technical Exposure programme & the product display parallel to “Style Bangkok 2025” for the Sri Lankan export potential SME companies in collaboration with the Sri Lankan Embassy in Thailand from 01st to 06th April 2025 in Bangkok, Thailand. Prior to the exhibition, the SMEs participated in a training…
In a powerful demonstration of strategic renewal, SLT-MOBITEL has reported a remarkable turnaround in its financial performance for the first quarter of 2025, posting a Group Profit After Tax (PAT) of Rs. 2,001 million, a dramatic leap from Rs. 156 million in Q1 2024. This performance not only underscores the company’s operational resilience but also reaffirms its…
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