Hayleys Agriculture, one of Sri Lanka’s leading agricultural solutions providers, partnered with Shizuoka Seiki Japan, which has been manufacturing agricultural machinery for over 40 years and has continuously innovated advancements in grain processing technology, to introduce the all-new Shizuoka Circulation type Grain Dryer, with cutting-edge Japanese technology, in an effort to enhance the country’s grain…
– Biggest single commitment by an airline towards R&D for the future of aviation. – US$ 200 million investment over 3 years to focus on projects in advanced fuel and energy technologies that can reduce the impact of fossil fuels in aviation. Emirates, the world’s largest international airline, has announced it has committed US$ 200 million…
APAC economies’ continued strength will be conducive for the stability of bank credit profiles in the region, Fitch Ratings says in a report that also looks at a variety of other key credit issues, including the regional impact of recent high-profile bank failures outside of APAC. Our outlooks for banks’ Issue Default Ratings, operating environments…
Conversion of three-wheelers from petrol to electrically operated modes of transport Sri Lanka, like many other global nations, is working towards adopting greener and cleaner approaches for a more sustainable and resilient future. With the prevailing socio-economic crisis in the island, a shift towards adopting sustainable mobility approaches has been identified as a necessity for…
SriLankan Airlines recently hosted a conference for Buddhist tour operators to create awareness on the services especially tailored to Buddhist pilgrims by the airline. Buddhist pilgrims are an important travel segment for SriLankan, and the airline works hand in hand with tour operators to find solutions to their travel needs. Over 100 Buddhist tour operators participated in…
DFCC Group recorded a PAT of LKR 2 Bn. Total operating income is up by 93% to LKR 11 Bn. Impairment charges of LKR 4.7 Bn reflecting the current economic stresses. The following commentary relates to the unaudited Financial Statements for the period ended 31 March 2023, presented in accordance with Sri Lanka Accounting Standard…
Sri Lanka is a small island with not much resources but an energetic & talented population of approx. 22 million. They include a variety of shapes, colours & sizes. Preventing conflicts among them & preparing them to match global acceptance levels is the challenge. During the pre colonial era the masses weren’t exposed to the…
Group reports annual profit of AED 10.9 billion (US$ 3.0 billion), a new profit and revenue record and a significant turnaround from last year Group revenue of AED 119.8 billion (US$ 32.6 billion) increased by 81% with strong customer demand worldwide with almost all travel restrictions removed. Ends year with highest-ever cash balance of AED…
The Ministry of Investment Promotion recently appointed Country Representatives in selected countries. While Country Representatives had been appointed to India, Malaysia, United Arab Emirates, South Korea, Maldives, Qatar and Great Britain as of March 1st 2023, Japan became the latest addition. Mr. Sajeev Rajaputhra was appointed as the first Country Representative of Sri Lanka to…
Finally, the fruitful dialog between The Katana Al Obadani Apparels Company Managing Director and the State Minister of Investment Promotion resulted in a positive outcome and avoid international PR downfall for the “Made in Sri Lanka” Brand. According to the Minister, “it is not only damage control yet it has given an opportunity to the…
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