Accounts for 5% of Sri Lanka’s total export income 4,800+ jobs provided outside Western Province 68% energy needs met by renewable sources 70% YoY increase in R&D investment driving export innovations Hayleys PLC, Sri Lanka’s largest public-listed diversified conglomerate, reported an economic value creation of Rs. 150 billion, parallel to delivering progress on its sustainability…
Consolidated revenue of Rs.14.2 billion, up by 6.5% Healthcare revenue up 19.8% YoY to Rs.7.6 billion Consumer records revenue of Rs.4.6 billion, down 1.9% YoY Diversified conglomerate Sunshine Holdings PLC (CSE: SUN) continued demonstrating resilience amidst prevailing macroeconomic conditions, reporting a topline growth of 6.5% YoY. The Group recorded a consolidated revenue of Rs.14.2 billion…
Sri Lanka Tourism Promotion Bureau (SLTPB) won the ‘’The Best International Tourism Board ‘’accolade at the Global Tourism Awards 2024 held in New Delhi, India on the 02nd of August, 2024. The Global Tourism Awards is an annual event organized by Travel World Online (TWO) which serves as a platform to honor and celebrate organizations…
The Securities and Exchange Commission of Sri Lanka (SEC) in collaboration with Colombo Stock Exchange (CSE) conducted an Investor Forum in Matara recently at the Grand Navro Hotel, Matara. The forum was organized to raise awareness on investor protection and emphasize the importance of investor education regarding the investment opportunities available in the stock market….
High Commissioner of Sri Lanka in the United Kingdom Rohitha Bogollagama participated in a productive meeting with Hinduja Chairman Gopichand P Hinduja, Chairman of Ashok Leyland Dheeraj G Hinduja, CEO of Hinduja Investments Project Services Vivek Nanda and their senior management team on 29 July 2024. The Hinduja Group has excelled in diverse fields with…
Vallibel One PLC, one of Sri Lanka’s largest conglomerates, has issued a statement in response to an anonymous message which is being circulated on social media under the caption “Vallibel One’s Rs. 163 Billion Conundrum: A financial Thriller Unfolds Amidst Political Ambitions”. Following is the full statement; Our attention has been drawn to an anonymous…
As Sri Lanka’s fragile economic recovery enters a crucial phase, the International Monetary Fund (IMF) has stressed the importance of sustaining reform efforts to ensure long-term stability. In a statement issued at the conclusion of their recent mission to Colombo, the IMF highlighted the need for continued fiscal discipline and strategic revenue generation to solidify…
The fuller five-member senior bench in the Supreme Court (SC) appointed by CJ to hear the Adani Wind Power case citing the importance of this National Project to the economy and Energy Sustainability in Sri Lanka today (02) rejected the request for an early hearing and extension of support days by Petitioners and said the…
An International Monetary Fund (IMF) mission team led by Senior Mission Chief Mr. Peter Breuer visited Sri Lanka from July 25 to August 2, 2024, to discuss recent macroeconomic developments and progress in implementing economic and financial policies under the authorities’ economic reform program supported by the IMF’s Extended Fund Facility (EFF) arrangement. At the…
Minister of Foreign Affairs Ali Sabry PC said today (01) that President Ranil Wickremesinghe’s decision to set up three special committees as a proactive measure to address potential crises in the Middle East is highly timely. The Minister highlighted that while international events are uncontrollable; waiting for a country to collapse is not an option….
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