Exponential seven-year growth with Hayleys signals unprecedented future value creation Fentons Limited, a trusted engineering services provider with a legacy spanning over a century, has legally adopted the name and identity of Hayleys, Sri Lanka’s largest and most diversified conglomerate, as “Hayleys Fentons Limited”, marking a historic milestone in its journey. For longer than a…
The Food and Agriculture Organization of the United Nations (FAO) and the United States through the United States Agency for International Development (USAID) have partnered with the Sri Lanka Ministry of Agriculture in a (US) $9.2-million activity to continue revitalizing agriculture in Sri Lanka by enhancing paddy productivity, diversifying crops on marginal land, and promoting…
The Commercial Bank of Ceylon has unveiled a series of new features to the Bank’s ‘eSlip’ app, the first app of its kind in Sri Lanka. Intended to promote sustainability through the power of digital banking, the eSlip app enables customers to streamline the cash deposit process by completing the deposit form electronically on the…
MAS Holdings was honored to welcome Her Royal Highness Princess Anne, The Princess Royal on her official visit to the island, marking 75 years of diplomatic ties between the United Kingdom and Sri Lanka. The Royal delegation, including Princess Anne’s husband Vice Admiral Sir Timothy Laurence, made the first stop on their visit at an…
Ms. Safa Sharif A. Khaliq, the Chief Executive Officer of “Export Bahrain” together with Ms.Zainab Matrook from Marketing & Promotions section of “Export Bahrain” met Dr. Kingsley Bernard, Chairman & Chief Executive Officer of Sri Lanka Export Development Board (EDB) on 08th January 2024. This official meeting was initiated by H.E H.M.G.R.R.K.Wijeratne Mendis, The Ambassador…
The shares of Cargills Bank Limited (CODE: CBNK-N-0000) commenced trading on the Colombo Stock Exchange (CSE) on 09th January 2024. The shares have been listed on the Main Board of the CSE under the ‘Diversified Banks’ sector. The occasion was marked with a special Bell Ringing Ceremony. The company’s Initial Public Offering (IPO) for 62.5…
In alignment with its commitment to preserving Sri Lanka’s cultural identity, Heritance Hotels and Resorts, the flagship brand of Aitken Spence Hotels, proudly announces its collaboration with the Galle Literary Festival (GLF) 2024. This partnership takes the form of a captivating discussion led by esteemed architects Channa Daswatte, Sunela Jayewardene, and Johann Peiris. As a…
State Minister for Finance, Mr. Ranjith Siambalapitiya, emphasized the strict enforcement of laws to eradicate the trade mafia generating profits without registering with the Inland Revenue Department. He also outlined the government’s plan to expand the tax base, anticipating a rise in the direct tax percentage to 40%. These remarks were made during his participation…
(Reuters) – Sri Lanka’s central bank is considering moving towards a single policy rate mechanism to ensure better signaling of its monetary policy stance, Governor P. Nandalal Weerasinghe said on Wednesday. Weerasinghe made the comment while announcing the annual policy statement for 2024. The central bank currently directs policy using two interest rates – the…
State Minister for Livestock Development, D.B. Herath, stated that the Department of Agriculture is currently implementing measures to empower small and medium-scale farmers in producing an excess of liquid milk required by the country. Additionally, the State Minister noted that negotiations with the French government have taken place to open two more liquid milk factories…
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