Demands that authorities to take action and uphold the rule of law, protect state property The Planters’ Association of Ceylon (PA) strongly condemned a recent incident of forceful and illegal encroachments of estates managed by the Regional Plantation Companies (RPCs), and called on the Government and law enforcement officials to uphold the rule of law…
The Colombo Stock Exchange has formally approved the Initial Public Offering (IPO) of Hela Apparel Holdings Limited (the holding company of the Hela Clothing Group), with the offer set to open on Wednesday 12th January. This highly anticipated IPO, by one of Sri Lanka’s leading social-capital focused apparel supply chain solution providers, will see 267,108,998…
Further extending its dominant position in the financial industry, leading integrated financial services institution HNB FINANCE PLC entered into a contractual agreement with Prime Lands and Prime Finance on 20th December, 2021, acquiring a controlling stake of 87.27% from Prime Lands (Pvt) Ltd, a pioneering force in Sri Lanka’s real estate landscape. This marks a…
The last few years have seen a united and consolidated effort on all fronts, aimed at transforming Sri Lanka into a truly contemporary tourism destination. This includes positioning the island as a land of wonder and awe, overflowing with magical experiences, yet offering modern facilities and world-class amenities. There is also excellent work being done…
The Asian Development Bank (ADB) entered into an agreement to invest up to $80 million (in Sri Lanka rupee equivalent) in John Keells Holdings PLC (JKH) to boost the country’s food value chain and promote economic growth and job creation. The investment will be a two-phase private placement to support the expansion of JKH’s modern retail and distribution…
Maga Engineering has completed construction of a new 528-unit housing complex consisting of three 11-storey blocks situated off Kalinga Mawatha in Polhengoda, Colombo 05. The housing complex, named “Colomthota Sarasavi Uyana”, was opened on 15 December 2021 under the patronage of Prime Minister Mahinda Rajapaksa, on the invitation of State Minister of Urban Development, Dr….
Aitken Spence Travels, in collaboration with SriLankan Airlines and TUI France, recently hosted a group of top travel agents on a familiarization visit to Sri Lanka with the commencement of direct flights to Paris, France. The direct flight option that is now available, is a welcoming move for French tourists who loves Sri Lanka as…
Addresses growing local demand for cement while supporting company’s rapidly expanding product portfolio INSEE Cement – the country’s largest cement manufacturer announced a state of the art one million ton per annum grinding capacity expansion at its Ruhunu Cement Works (RCW) plant in Galle, investing in strengthening the local economy by increasing domestic production and…
John Keells Properties recently marked the beginning of construction of its 16 Holiday Home development project – ‘Sunrise Ridge’, located in Digana within the Victoria Golf & Country Resort (VGCR), during a special groundbreaking ceremony. Prior to the ground-breaking 60% of the holiday homes had already been sold. Overlooking expansive views of the golf course,…
Tokyo Cement Group recently commissioned operations of the newly expanded capacity at the Tokyo Cement Colombo Port Terminal in a soft opening ceremony. The event is the culmination of a 2.5 billion rupees worth investment by the cement giant, held under the auspices of Mr. S.R. Gnanam, Managing Director and Mr. Christopher Fernando, Executive Director…
Video Story
