The upcoming Sri Lanka Economic Summit 2021, the foremost and most anticipated economic event of Sri Lanka, will host a lineup of contemporary dialogues under this year’s theme ‘Springboard for revival: Opportunity to reset’. Day two of the event will feature a session dedicated to ‘Resetting the Export Portfolio’ on 7th December, 2021. This session…
The Central Bank of Sri Lanka today published “Recent Economic Developments: Highlights of 2021 and Prospects for 2022” online. The publication can be downloaded via the Central Bank Website in Sinhala, Tamil and English languages. An overview of the performance of the Sri Lankan economy in 2021, as reflected in “Recent Economic Developments”, the box…
Following a highly sought-after IPO, which witnessed an 11X oversubscription, Ex-Pack Corrugated Cartons Limited’s shares enjoyed solid gains on their first day of trading on the Colombo Stock Exchange. Opening trading at LKR 16/- per share, PACK recorded an intraday low of LKR 15.10/- before soaring to an intraday high of LKR 25/- per share…
As the city’s tempo is buzzing back to life, Colombo’s Crescat Boulevard is nearing the completion of its transformation. The mall will reopen on 19 November with an exciting line-up of tenants and a fresh look inspired by the neighbourhood’s changing skyline. Managed by John Keells Properties, Crescat Boulevard’s refurbishment has transformed Colombo’s favourite neighbourhood…
Topline grows 71% on higher demand for fabric Net profit improves by 59% to Rs 954.1 million for 1H Teejay Lanka PLC has built on its robust first quarter performance in Q2 of 2021-22, helped by strong demand for fabric from strategic customers due to the changing dynamics of the global market, increased capacities and…
Chief Executive Officer’s Review Financial Year 2021/22 – First Half Performance Hemas Holdings PLC (HHL) delivered a strong first half amidst a challenging operating environment with half of the second quarter being under island wide lockdown. The cumulative Group revenue stood at Rs.36.2 billion, an increase of 19.8 per cent over last year. During the…
Taprobane Seafoods, Sri Lanka’s largest and most integrated seafood company is excited to announce its partnership with the Atman Group. The Atman Group is a multi-family office based in Sri Lanka and Asia focusing on emerging investment opportunities across Asia and building strategic partnerships. The company’s business interests include investments in hospitality, leisure, agriculture, real…
Group: Revenue up 81% to AED 24.7 billion (US$ 6.7 billion), and loss of AED 5.7 billion (US$ 1.6 billion) after last year’s loss of AED 14.1 billion (US$ 3.8 billion). Substantially improved results reflect recovery across all business segments and easing of COVID-19 pandemic travel restrictions worldwide. Emirates: Revenue up 86% to AED 21.7…
Remittances by Sri Lankans employed abroad have been an important flow of foreign exchange into the country, with an annual average value of over US dollars 7 billion in the past five years. Considering the importance of this steady non-debt inflow, the Government and the Central Bank of Sri Lanka (CBSL) are in the process…
Hon. Minister SM Chandrasena, Chairman of the Ministerial Consultative Committee on Lands & Land Development, said that the necessary legal amendments will be made soon to pay the real value to the land owners when acquiring property for development activities. He Minister also stated that there are allegations from various parties that the compensation received…
