The Construction Industry Revitalization Committee convened at the President’s Office Wednesday (15), led by Senior Advisor to the President on National Security and Chief of Presidential Staff, Mr. Sagala Ratnayake. The committee aims to identify and address the issues facing the construction industry in Sri Lanka in light of the current economic crisis. During the…
25 undergraduates from the University of Agder, Norway, who were on a tour for their Bachelor’s program in Development Studies, visited the Hambantota International Port. The tour objectives were to learn about the wide variety of development issues in practice and challenges in terms of Sri Lanka’s development. The undergraduates were taken through the various…
France stands ready to support Sri Lanka in its efforts to restructure its debt, Ambassador for France His Excellency Jean-François Pactet announced at a recent meeting with the Sri Lanka France Business Council of the Ceylon Chamber of Commerce. Attended by the Ambassador Designate of Sri Lanka to France Mrs. Manisha Gunasekera, members of the…
In January 2023, Purchasing Managers Indices indicated that Services activities remained slightly expanded while Manufacturing activities continued to deteriorate. Manufacturing PMI signals a continued setback in manufacturing activities on a month-on-month basis in January 2023. Accordingly, Manufacturing PMI recorded an index value of 40.8 in January 2023, with a decline of 4.0 index points from the previous month driven by…
Consolidated revenue of Rs. 38.6 billion PAT increased by 5.6% YoY to Rs. 3.8 billion Healthcare revenue up 36.3% YoY to Rs. 17.6 billion Consumer revenue up 133.8% to Rs. 14.1 billion Agri revenue up 32.1% YoY to Rs. 6.6 billion Diversified conglomerate Sunshine Holdings (CSE: SUN) reported a consolidated revenue of Rs. 38.6 billion…
First Capital Holdings PLC (the Group) recorded a Profit after Tax of Rs. 1.66Bn for the nine months ended 31st December 2022 compared to Loss after Tax of Rs. 68Mn in the corresponding period of the previous year. The Primary Dealer division reported a Profit after Tax of Rs. 1.9Bn for the nine months ended…
NEW DELHI, Feb 15 (Reuters) – Sri Lanka and India will sign a pact to link their power grids and start negotiations on an upgraded trade agreement within two months, a Sri Lankan diplomat said on Wednesday, as the island nation seeks a way out of its worst economic crisis in decades. India has provided…
Minister of Agriculture Mahinda Amaraweera attended a discussion on agriculture issues held at the Presidential Secretariat, where he announced plans to provide Mada Pohora (TSP) to farmers at a lower price than the current market rate for the upcoming Yala season, through a gazette notification. The discussion addressed various agriculture-related topics, including fertilization strategies, paddy…
Ceylon Beverage Holdings says they are witnessing an exponential growth of ‘Kasippu‘ (moonshine), illicit arrack and illicit toddy as the prices of legal alcoholic beverages are out of consumers’ reach. Announcing latest financial reports, Ceylon Beverage further said Policy makers should be cognizant of the fact that tax hikes on the Alcohol industry, an industry…
NEW DELHI, Feb 15 (Reuters) – India is drafting a proposal for G20 countries to help debtor nations badly hit by the economic fallout from the pandemic and Ukraine war, by asking lenders including China, the world’s largest sovereign creditor, to take a large haircut on loans. Two Indian government sources told Reuters of the…
Video Story
