SLASSCOM (Sri Lanka Association of Software and Service Companies), recently welcomed Mr. Jehan Perinpanayagam as their new Chairman for the year 2023/ 2024. With an impressive career spanning 26 years, including 16 years at the C suite-level, Jehan brings in a wealth of industry experience. He has achieved many trailblazing milestones, including playing a pioneering…
The Hambantota International Port (HIP) has increased its bunker supplies nearly six times more than their 2022 volumes in the current year. As of June 2023, the port completed over 500,000 metric tons of oil and gas throughput, successfully achieving the target set for the first half of the year. With MV Swarna Godavari recently…
In line with the investment priorities outlined in its IPO, JAT Holdings PLC, the market leader in wood coating in Sri Lanka, Bangladesh, and the Maldives has officially expanded to Africa in July 2023, through the incorporation of “JAT Paints Africa Limited” in Kenya, through a joint venture with Mayleen Corp – a Kenya-based diversified…
The Sri Lanka – Greater Mekong Business Council (SLGMBC) of the Ceylon Chamber of Commerce recently hosted a productive meeting with the Thai Government Delegation representing the Department of Trade Negotiations of Thailand. The meeting aimed to foster business collaboration between Sri Lanka and Thailand and provide valuable insights into trade opportunities and investment prospects…
E-Motoring project to be implemented soon. Demerit points system for traffic offences to commence by next year. Plans underway to establish a new speed limit regulation. Pilot project to issue light vehicle driving licenses to the hearing impaired persons. Pilot project to detain drug-using drivers -State Minister of Transport, Lasantha Alagiyawanna. A pilot project on…
(Bloomberg) – The Sri Lankan rupee has turned into Asia’s worst-performing currency from being the best in the first half of the year, and is poised to extend losses amid headwinds from interest-rate cuts and loosening of import controls. Most Read from Bloomberg The currency has tumbled more than 6% this month as it fell…
Summarised below are the key operational and financial highlights of John Keells Holdings’ performance during the quarter under review: Group PBT at Rs.1.40 billion in the first quarter of the financial year 2023/24 is a decrease over the Rs.14.80 billion recorded in the previous financial year. The first quarter of the previous year included Rs.10.12 billion of…
The Commercial Bank of Ceylon has been ranked the strongest bank brand in Sri Lanka for the fourth consecutive year and the second strongest brand in the country overall by Brand Finance, the world’s leading independent brand valuation consultancy. The just-released 2023 Brand Finance report on Sri Lanka’s 100 most valuable and strongest brands ranks…
Reuters – Sri Lanka plans to complete free trade talks with Thailand by February and sign an agreement in March, Sri Lanka’s cabinet spokesperson said on Tuesday, as part of an effort to expand trade as it emerges from economic turmoil. The island nation secured a nearly $3 billion International Monetary Fund bailout in March…
Dr. Ramesh Pathirana, Minister of Plantation Industries and Minister of Industries, stated that action will be taken to establish an Agriculture and Plantation Research University by merging all institutions connected to the plantation industry and agriculture sector, as per President Ranil Wickremesinghe’s concept. The fundamental draft related to this has already been prepared, the Minister…
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