The 322-strong fleet of ambulances operated by the Suwa Seriya Foundation will continue to fulfil its humanitarian mission in Sri Lanka with tyres supplied by CEAT Kelani Holdings as the preferred tyre supplier. CEAT Kelani recently renewed its commitment to Suwa Seriya, undertaking to provide tyres for five ambulances free of charge and to provide…
The final day of the Inco Exhibition 2024, organized by the Institution of Incorporated Engineers Sri Lanka (IIESL), saw a prominent visit from State Minister of Technology, Kanaka Herath. Minister Herath toured the exhibition floor, engaging with exhibitors and showcasing the government’s commitment to fostering local innovation and technological advancements. The Inco Exhibition, held from…
The Sri Lankan construction industry is facing the toughest periods in its history due to the negative effects of the economic downturn. The sharp reduction of construction activities since the start of 2023 has pushed the industry into near collapse, a fate the key industry players think is made more inevitable with the anticipated exponential…
The Egyptian Ambassador to Sri Lanka and Maldives, H E Maged Mosleh paid a courtesy call to the State Minister of Investment Promotion, Mr. Dilum Amunugama. In this meeting, the matters to be done by both parties regarding the expansion of bilateral trade and investment opportunities between Egypt and Sri Lanka were widely discussed. Egypt…
Everyone, starting from gem polishers, should reap the benefits. Not prepared to grant tax concessions that exclusively favour a selected few – Says President. President Ranil Wickremesinghe expressed his commitment to propel significant advancements in Sri Lanka’s gem industry within the next two years. To achieve this goal, he intends to implement a new program….
Unilever Sri Lanka today announced the appointment of Ali Tariq as its new Chairman and CEO with effect from 1st February 2024. With this appointment, Ali will also join Unilever’s South Asia leadership team. Prior to this, Ali served as the CFO for Global Transformations at Unilever’s Headquarters in London. Ali joined the Group in…
By Lakshila Wanigasinghe Ringing in the new year for Sri Lankans was an increase in the value-added tax (VAT) rate to 18% and a withdrawal of tax exemptions on several goods and services. The last day of 2023 witnessed long queues as people rushed to stock up on essentials such as fuel and gas. Although queues…
Hayleys Solar, the renewable energy arm of Hayleys Fentons recently surpassed 150MWp of installations, a national record for rooftop solar PV capacity in Sri Lanka, setting a new milestone in the island’s transition to renewable energy. By March 2023, Hayleys Solar crossed its milestone of 125MW and has continued to add new rooftop solar capacity…
Our latest Regional Plantation Company (RPC) Innovation Update highlights one of Sri Lanka’s trailblazers in sustainable, ethical and community-centric plantation management – Kahawatte Plantations PLC (KWPL) under the MJF Group. KWPL was established in alignment with the MJF Group’s vision that ‘Business is a Matter of Human Service’, As such their pioneering initiatives not only…
In the midst of nationwide discussions on Value-Added Tax (VAT), there’s a whirlwind of confusion stirred by political narratives, misleading media reports, and opportunistic traders. As the country grapples with economic challenges, intensifying revenue collection becomes imperative for stability and sustainable growth. The recent economic crisis, fueled partly by the erosion of the tax base,…
Video Story
