The Securities and Exchange Commission of Sri Lanka (SEC) has approved a list of Accredited Shariah Scholars as “Supplementary Service Providers”. These scholars are authorized to certify the Shariah compliance of Islamic Capital Market Products intended for listing on the Colombo Stock Exchange (CSE) in accordance with the Listing Rules. The SEC considers this as…
Pelwatte Dairy Industries Limited (PDIL) has marked a significant milestone in Sri Lanka’s dairy sector by signing a Memorandum of Understanding (MOU) with the Department of Animal Production and Health (DAPH) to conduct Artificial Insemination (AI) under its Dairy Development Program. This collaborative effort aims to modernize dairy farming practices, enhance livestock genetics, and boost…
President Ranil Wickremesinghe directed relevant officials to ensure the completion of infrastructure development in the Bingiriya Industrial Zone by the end of this year. These instructions were given during a discussion held at the Presidential Secretariat yesterday (08) to review the progress of infrastructure and other constructions in the area. The construction of the Bingiriya…
President Calls for Unified Environment, Climate Change Law at Sri Lanka Climate Summit President Ranil Wickremesinghe emphasized on-going efforts to enact unified legislation addressing environmental protection and climate change. He highlighted the government’s commitment to crafting economic policies geared not only towards fostering export-oriented competitiveness but also towards transitioning to a green economy, aiming to…
Sri Lanka’s export community, represented by various chambers and associations, has come together to address critical issues hindering the country’s export potential. In a comprehensive call to action, exporters have highlighted key concerns ranging from transparency and accountability in government agencies to challenges in accessing global markets and overcoming regulatory hurdles. Through a series of…
Citrus Leisure PLC has announced the appointment of Suresh de Mel as Chairman of the Board of Directors. Suresh De Mel will serve as Chairman of the Citrus Leisure Group of Companies which includes Waskaduwa Beach Resorts PLC and Hikkaduwa Beach Resorts PLC. The appointment comes following the sudden demise of the Group’s much loved…
A report on formally starting the import of vehicles soon – Minister Siyambalapitiya says Minister of State for Finance Dr. Ranjith Siyambalapitiya says that the vehicle importers are expected to provide him with a special report on the removal of vehicle import restrictions and the possible impact. The minister points out that this report, prepared…
Q1 24 Core Revenue recorded at Rs 34.6Bn, up 1% YoY Q1 24 EBITDA recorded at Rs.13.5Bn, up 3% YoY EBITDA Margin reach 31.4% up 5.4pp Total Taxes Paid to GoSL Rs12.3Bn which included Rs4.3Bn in Direct and Rs8.0Bn in Indirect Taxes Capex Investments of Rs3.3Bn during the Quarter; OFCF reached Rs6.6Bn for Q1 24…
Nestlé Lanka and the Commercial Bank of Ceylon partnered to launch an initiative to support dairy farmers with concessionary finance to expand their operations and increase milk yield, in line with the purpose of implementing regenerative agricultural practices to reduce greenhouse gas emissions in the dairy value chain. To support Sri Lankan dairy farmers facilitate…
Emirates reaffirms support to Sri Lanka’s tourism sector through Memorandum of Understanding (MoU) with Sri Lanka Tourism Promotion Bureau Emirates has reaffirmed its long-standing commitment to promoting tourism to Sri Lanka through a Memorandum of Understanding (MoU) signed with the Sri Lanka Tourism Promotion Bureau at Arabian Travel Market 2024 in Dubai. The MoU was…
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