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,…
Save the Children UK’s Patron, Her Royal Highness The Princess Royal, has met children being supported at a hospital in Colombo, as part of her three-day royal tour of Sri Lanka. Accompanied by her husband, Vice Admiral Sir Timothy Laurence, Her Royal Highness travelled to the Lady Ridgeway Hospital for Children to observe an innovative…
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…
Video Story
