The tea industry requires approximately 540,000 MT of fuelwood per annum to sustain its production RPCs calls for an efficient approval process of harvesting commercial timber and fuelwood The Planters’ Association of Ceylon (PA), Sri Lanka’s apex body representing the nation’s Regional Plantation Companies (RPCs), warned of a looming shortage in fuelwood necessary to meet…
FAAMA Chairman emphasizes need for SL to adopt vertical integration in apparel manufacturing Highlights adverse effects of abolishing Simplified Value Added Tax (SVAT) Notes sustainability, traceability significant concerns for industry Asserting the importance of vertical integration, Chairman of the Fabric and Apparel Accessory Manufacturers Association (FAAMA), Sahan Rajapakse stated that 50% – 60% of Sri…
SriLankan Airlines wowed the world’s travel trade with its latest Global Sales Conference, which concluded in Hambantota on 24 November 2023 with some 200 of the airline’s top international agents and tour operators in attendance. SriLankan Airlines offered the international participants information on the operational plans of the airline during the programme as well as…
As a result of discussions between the Asian Development Bank (ADB) and the Government of Sri Lanka, two policy-based loans (PBL) have been arranged to implement the Financial Sector Stability and Reform Program in order to create a stable financial system that provides access to finance for business in various sector of the economy. The…
The Commercial Bank of Ceylon has been ranked No 1 on the Business Today ranking of Sri Lanka’s Top 40 business entities in 2022-23. Business Today has assigned Commercial Bank an aggregate score of 34.55 at the top of a list that includes the country’s biggest diversified conglomerates, banking and financial services giants and manufacturing…
Contributed 5.5% of Sri Lanka’s total export earnings in 2022/23 Recognised for innovative, value-added export portfolio Sri Lanka’s most diversified conglomerate and exporting powerhouse, Hayleys and its subsidiaries were celebrated for their unwavering commitment to excellence, value-addition and innovation, clinching 17 awards at the 25th Presidential Export Awards. Accounting for 5.5% of the nation’s total…
In our latest ‘RPC Innovation Update’, we focus on Talawakele Tea Estates PLC (TTE), a company that stands as a jewel in the crow of Sri Lanka’s tea sector, and continuously sets the gold standard in employee empowerment, community welfare, and environmental stewardship for agribusinesses not just in Sri Lanka but all across the globe….
The Colombo Stock Exchange (CSE) joined over 24 stock exchanges globally for a call to action for climate change with its inaugural Market Opening Bell Ringing Ceremony for Climate Change on 05th December 2023 at the trading floor of the CSE. Delivering the keynote address at this ceremony, Ms. Azusa Kubota, Resident Representative, UNDP Sri…
Sri Lanka Tourism launched its global campaign, ‘’Sri Lanka – You’ll come back for more’’ at a grand ceremony held at the Cinnamon Grand Hotel, Colombo on the 4th of December 2023. The event was held under the patronage of the Hon. Minister of Tourism, Lands, Sports and Youth Affairs Harin Fernando, along with Sri…
The Asian Development Bank (ADB) approved a $200 million concessional loan to the Government of Sri Lanka to help stabilize the country’s finance sector following the sovereign debt and economic crises that started in April 2022 when it suspended its external debt payments. The Financial Sector Stability and Reforms Program comprises two subprograms of $200 million each….
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