Veteran Indian film actor Mr. Amitabh Bachchan recently expressed his appreciation for Samahan, a trusted herbal healing drink from Sri Lanka. The drink was featured on Bachchan’s popular television show, Kaun Banega “Crorepati,” which offers cash prizes to participants who answer general knowledge questions correctly. During the show, Bachchan noticed that one of the participants…
Q1 23 Revenue recorded at Rs 50.1Bn, down 2% QoQ and up 31% YoY Q1 23 EBITDA recorded at Rs.13.0Bn, up 30% QoQ and down 12% YoY Q1 23 NPAT Positive at Rs8.7Bn to Record over 100% Growth both YoY and Total Taxes Paid to GoSL Rs12.2Bn which included Rs4.2Bn in Direct and Rs8.0Bn in…
The Food and Agriculture Organization of the United Nations (FAO) initiated a 1.5 million USD project via funding from China as part of the South-South Cooperation (SSC) programme, to improve the quality and value of Sri Lankan fruits in the global market by improving the production and commercialization of fruit value-chains in Sri Lanka. The…
Mukesh Ambani-led Reliance has inked a deal with veteran Sri Lankan cricketer Muttiah Muralitharan’s company Ceylon Beverage International. Mukesh Ambani-led Reliance Industries is working aggressively to establish its dominance in massive soft drink market in India. In order to achieve its goal, Mukesh Ambani has launched the decades-old brand Campa Cola in a new avatar….
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…
