During the course of their visit to Sri Lanka, a high-level Thai delegation led by H.E. Ms. Busadee Santipitaks, Deputy Permanent Secretary for Foreign Affairs of the Kingdom of Thailand, together with H.E. Mr. Paitoon Mahapannaporn, the Ambassador of the Kingdom of Thailand to Sri Lanka, visited Hayleys Fabric PLC in conjunction with Hayleys Solar,…
A new International Finance Corporation (IFC) report reveals that Sri Lanka surpasses regional counterparts in recruiting women at the entry-level in the banking sector, with women comprising 46 percent of new recruits. The report, supported by the Women in Work program—a partnership between IFC and the Australian government—also highlights Sri Lanka’s leadership in board-level gender…
Expolanka Holdings PLC has announced key updates regarding its delisting process from the Colombo Stock Exchange (CSE), reflecting the company’s strategic approach to stakeholder engagement and regulatory compliance. This follows the disclosure on May 28, 2024, of a legal challenge filed with the Court of Appeal of the Democratic Socialist Republic of Sri Lanka, contesting…
First Capital Holdings PLC (the Group), a leading investment institution, and a member of the Janashakthi Group, announces an outstanding financial performance for the fiscal year ended 31 March 2024, recording a Total Comprehensive Income of Rs. 10.1Bn, a significant increase from Rs. 2.7Bn in the previous year. This substantial growth underscores the Group’s strategic…
Adani Energy Solutions (AESL), part of Indian conglomerate the Adani Group, has announced its intention to raise $1.50bn for expanding its business. The company aims to raise the money through qualified institutional placement or another permissible mode, in one or more tranches. The fundraising effort is contingent upon approvals including the consent of company members…
Ruwan Wijewardene, Senior Advisor to the President on Climate Change, along with Ravi Pratap Singh of iLEAD International Academy and Santosh Menon, CEO of FCB KL.LK, called upon President Ranil Wickremesinghe to update him on the progress of an ambitious program to develop more than 6,400 Green Entrepreneurs along the entire coastline of the island…
Highest turnover of Rs. 11.5 billion Year-on-year turnover up 14% Alkyd Resin Plant and Binder Plant completed and operational Export sector growth increases by 53% Dollarized revenues 33% of total revenue Emerging regional conglomerate and Sri Lanka’s market leader in wood coatings and brushes, JAT Holdings PLC recently released its financials for the fiscal year…
Softlogic Capital, the financial services sector of the Softlogic Group consisting of Softlogic Life, Softlogic Finance, Softlogic Stock Brokers and Softlogic Asset Management (Softlogic Invest), recorded robust and resilient revenue growth, reporting notable top-line growth during the year ended 31 March 2024. Softlogic Capital’s consolidated revenue reached Rs.36.7 billion for the year ended 31 March…
The Securities and Exchange Commission of Sri Lanka (SEC) together with the Colombo Stock Exchange (CSE) conducted two awareness sessions on the revised Corporate Governance Rules for Company Secretaries/Board Secretaries of Listed Companies on 29th and 30th May 2024. SEC Chairman Faizal Salieh initiated the sessions and the CSE’s Chief Regulatory Officer Renuke Wijayawardhane, made…
Ex President Trump was found guilty in a criminal trial last week. At the same time Human Rights Violations in USA during 2023 was published by the State Council Information Office of China on May 29th (Ref. Media). Some points from the 31 page report are below; According to the 2023 ‘Candidate Interview Experience’ report…
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