Haycarb PLC has announced the establish of an activated carbon plant in the Philippines, marking an initial investment of $8 million. The company’s subsidiary, Haycarb Philippines Corporation, received approval from the Board of Investments in the Philippines to establish the facility in Cagayan de Oro. The project’s first phase, set to conclude by June 2026,…
A new partnership between the International Finance Corporation (IFC), Women in Management (WIM) and Diversity Collective Lanka (DCLK) aim to empower small and medium-sized enterprises (SMEs) in Sri Lanka with the tools and knowledge needed to create safer, more respectful work environments. A first-of-its-kind partnership, this program will empower WIM and DCLK Respectful Workplace practitioners…
By the Chairman of the Planters’ Association of Ceylon, Mr. Sunil Poholiyadde For 170 years, Sri Lanka’s plantation industry has stood the test of time. Despite continuous upheavals, it has managed to adapt and endure. Over this period, the ownership structure of the industry underwent significant changes—from 124 years of British colonial ownership to the…
Hayleys Fentons Limited, in collaboration with StarCharge Digital Energy Private Limited, a world leader in Electric Vehicle (EV) charging solutions, is set to revolutionise Sri Lanka’s EV landscape with a robust infrastructure network. This alliance addresses key challenges like range anxiety and accessibility for EV users across the country. By introducing high-capacity, ultra-fast charging stations,…
Reuters – India’s Adani Ports and Special Economic Zone Ltd (APSE.NS) opens new tab said on Tuesday it would finance its Colombo port terminal project through internal accruals and a capital management plan, withdrawing its request for funding from the U.S. International Development Finance Corp (DFC). DFC last year said it would provide $553 million in financing for the port…
The ‘Atharva-vedha’ describes rice as ‘immortal sons of heaven’ & Indian literature sometimes refers to god of rice as ‘Anna-devatha’. The Chinese civilization which has many rice related achievements dating back approx. 11,000 years recently recorded another. In 2020 China exposed rice seeds to the lunar atmosphere & in 2022 Chinese scientists sent rice seeds…
Submits proposal for inclusion in first budget of new NPP government Sri Lanka’s book industry has renewed its call for books to be exempt from tax, with four industry bodies submitting a proposal to the new government for inclusion in the next national budget. Urging the government to consider the financial as well as social…
The Asian Development Bank (ADB) has approved a $30 million Small Expenditure Financing Facility (SEFF) for the Ceylon Electricity Board (CEB), guaranteed by the Democratic Socialist Republic of Sri Lanka, to bolster the sustainability of ongoing and future energy sector projects. “This is Sri Lanka’s first SEFF, designed to support the operational sustainability of ADB-financed…
Setting the benchmark for sustainable aluminium manufacturing in Sri Lanka and worldwide, Alumex PLC launched a comprehensive Environmental, Social, and Governance (ESG) roadmap titled ‘Elevate’ on 3rd December 2024 at the Hayleys Head Office. Adopting a formal ESG framework underscores Alumex’s vision of creating long-term value for stakeholders and contributing to a sustainable future. Commenting…
Achieves highest ever number of patents commercialised in 2024 SLINTEC’s graphite-based patent to innovate Abu Dhabi’s ocean clean-up process SLINTEC natural dye patents contribute to growth in Apparel Exports The Sri Lanka Institute of Nanotechnology (SLINTEC) witnessed a remarkable transformation – with four [04] patents having been commercialised, with an additional four [04] innovations in…
Video Story
