Strategic relationship sees transfer of tea estates ownership and global adoption of new quality, social and environmental standards Lipton Teas and Infusions has agreed terms of a partnership which will result the transfer of its tea estate in Kenya, Rwanda and Tanzania to Browns Investments alongside an agreement that all tea sold by Browns worldwide…
According to a new market research report titled, ‘Electric Scooters Market by Vehicle Type (Electric Motorcycles, E-Kick scooters & Bikes, Electric Mopeds), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology, Motor Type, Charging Type, End-user, and Geography—Forecast to 2031′, the electric scooters market is projected to reach $408.1 billion by 2031 from an estimated $103.5 billion in 2024, at a…
Federation of Information Technology (Guarantee) Limited (FITIS) held its Annual General Meeting – 2024 on 30th April 2024 at the Hilton Colombo Residencies. During the Meeting new officials were appointed to the Board of Directors and Chapter Executive Committees. Mr Indika De Zoysa was appointed as the Chairman for the second successive term. Addressing the…
Sri Lanka Aims for an Export-Oriented, Competitive and Green Economy Towards Net Zero. 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…
Group Net Operating Income increased 48% to 9.6 Bn Impairment charge dropped 66% to LKR 1.6 Bn with the revival of the economic environment. Group Profit After Tax is up by 85% to LKR 3.8 Bn DFCC Bank demonstrated resilience and continued its commitment to serving customers nationwide, delivering high-quality customer centric banking services amidst…
Ministry of Agriculture and Plantation Industries and Unilever Sri Lanka recently entered into a Memorandum of Understanding (MoU) to develop the country’s first national and globally accepted standard for sustainable tea production. This first-of-its-kind initiative signifies a shared commitment to propel the Sri Lankan tea industry towards a more sustainable and ethical future. The MoU…
Having recognized the need for strengthening the protection of finance leasing customers and updating the FLA to be in line with the industry developments, the Central Bank of Sri Lanka (CBSL) has initiated amending the FLA. To have wider stakeholder consultation, the CBSL is inviting the general public to submit observations/ suggestions/ comments on the…
Dialog Enterprise, the corporate ICT solutions arm of Dialog Axiata PLC., proudly announces the latest addition to its portfolio of industry-leading and innovative automation solutions together with, UTECH solutions. Through the partnership, Dialog Enterprise aims to leverage its considerable experience in working with diverse industries and multiple use cases to develop innovative and affordable technology solutions helping businesses find efficiencies and…
Sri Lanka Cricket (SLC) wishes to announce the appointment of Amul, a leading Indian milk producer with international presence, as the ‘Official Sponsor’ of the Sri Lanka Men’s Team for the duration of the ICC Men’s T20 World Cup 2024. “Amul’s partnership with Sri Lanka Cricket is an excellent move, as associating with an international…
Sri Lanka’s official reserve assets increased by 9.6% to USD 5.43 billion in April 2024, compared to USD 4.96 billion in March 2024, according to the Central Bank of Sri Lanka (CBSL). However, this includes proceeds from the swap with People’s Bank of China (PBoC) equivalent to around USD 1.4 billion, which is subject to…
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