Topline increases by 14% Foreign revenue up by 87% Bangladesh Alkyd Manufacturing Plant commences operations Sri Lanka Binder Manufacturing Plant near completion Expansion into Australia through the furnishing sector Sri Lanka’s market leader in wood coatings and paint brushes, and emerging regional conglomerate, JAT Holdings PLC recently released its financials for Q3 of FY 2023/24,…
In its continuous effort to promote the destination, Sri Lanka Tourism participated at the SATTE (South Asia’s Travel and Tourism Exchange) which was held in Greater Noida, Delhi-NCR, India, from 22nd – 24th Feb., 2024, with the delegation of over 125 from 64 Sri Lankan destination management companies (DMC’s) and hotels. India remains the number…
A new era of innovation dawns for Sri Lanka as Port City Colombo breaks ground on its premier business park, the Business Center. This groundbreaking ceremony signifies a major milestone, not just for the project, but for the country’s ambition to become a leading regional hub for technology and commerce. A Catalyst for Innovation and…
Cinnamon Life, Sri Lanka’s largest mixed development project, a mega 4.5 million sqft. complex with its architecturally stunning 30-storey tower, is offering prime office spaces and a prestigious new address, elevating businesses to new heights. Strategically located in the heart of Colombo’s financial hub, between Colombo Port City and key roads, Cinnamon Life provides corporates…
By Prof. Samitha Hettige ‘Gota’s War’ explains Defense Secretary GR’s contribution to end the 30 year conflict. The LTTE (ranked ‘deadliest’ terrorists by FBI in January 2008) was crushed in May 2009 by SL armed forces politically lead by President MR assisted by GR. GR’s contributions to prevent a resurrection of the LTTE (post 2009)…
HNB PLC reaffirmed its dominant leadership position, after being ranked Best Retail Bank in Sri Lanka for the 14th year at the Asian Banker Global Excellence in Retail Financial Services Awards 2024. Hosted by the prestigious Asian Banker Magazine, the awards are considered among the most rigorous and influential programmes for consumer financial services in…
Citi recently brought together its key client seniors and hosted an economic forum themed “Sri Lankan Economy Onwards and Upwards”. The Governor, Central Bank of Sri Lanka, Dr. P. Nandalal Weerasinghe and Secretary to the Treasury Mr. Mahinda Siriwardana, Ministry of Finance were in attendance as the keynote speakers. The sessions covered insights on Sri…
There were 6 cruise ship calls at the Hambantota International Port (HIP) in the months of January and February 2024, carrying over 6,000 passengers to Sri Lanka. The Celebrity Millennium, largest of the cruise ships that called, sailing between the lines of Hambantota/Colombo and Phuket, Thailand arrived at the port twice, on the 14th and…
In a proactive move towards transparency and collaboration, President Ranil Wickremesinghe convened a crucial party leader’s meeting at the Presidential Secretariat yesterday to deliberate on the IMF proposals. The meeting saw the active participation of various stakeholders, including TNA Parliamentarian Mr. M. A. Sumanthiran, underscoring the government’s commitment to inclusive decision-making. During the discussions, Secretary…
The unilateral decision by the government to suspend debt recovery via parate laws is a knee-jerk response to intense lobbying by a few individual defaulters that do not represent the wider business community, and will have a far-reaching negative impact on the banking sector, which functions as the heart and lifeblood of the economy, the…
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