Ceylon Fisheries Corporation (CFC) and Uber EATS today announced a partnership to facilitate the delivery of CFC products on the popular online food delivery platform. This makes Uber EATS the first and only online marketplace to sell CFC products. The launch event hosted at CFC’s Bambalapitiya outlet was attended by Hon. Kanchana Wijesekara, State Minister,…
9MFY22 Highlights Consolidated revenue of Rs.24 billion, up by 39% YoY PAT amounted to Rs. 3.6 billion, up 90% YoY backed by Healthcare and Agribusiness performance Healthcare revenue up 43% YoY to Rs. 12.9 billion Consumer Goods revenue up 22% YoY to Rs. 6 billion Agri revenue up 69% YoY to Rs. 5 billion Fueled…
Perceived Economic Opportunity Index 2021 [PEOI] Q4: October to December, 2021 The Foundation of Economic Freedom in Sri Lanka (FEFSL) presents here a summary of perceptions of the people of Sri Lanka about their own and the nations’ future as at the last quarter of 2021. This monthly nation-wide tracking study, reported quarterly, is based…
Advocata’s Bath Curry Indicator (BCI) , which tracks the monthly changes in the retail price of food, recorded a decrease of 4% from December 2021 to January 2022. The overall decrease was driven by the falling prices of tomatoes (52%) , brinjals (21%) and green chillies (17%). However, prices on average have been increasing with…
Hon. Basil Rajapaksa, Minister of Finance chaired the above forum on 31st January2022 at the Ministry of Finance. H.E Denis Chaibi , Ambassador for European Union to Sri Lanka and Maldives, Co-chaired the meeting. Hon. Namal Rajapaksa -Minister of Youth & Sports, Minister of Development Co-ordination and Monitoring and State Minister of Digital Technology, Hon….
The Colombo Stock Exchange (CSE) is in the process of revisiting the listing rules governing the basis of allotment of shares in an IPO to ensure greater transparency and fairness in allotting shares to applicant subscribers by prospective issuers. In this regard, the CSE has formulated a revised regulatory framework to be adopted by prospective…
Marking a moment of historical significance, Sri Lanka received its first ever Geographical Indication (GI) certification when the European Union (EU) Commission on 02 February,2022 granted GI status to Ceylon Cinnamon. The outcome was a result of a painstaking, decade-long, arduous endeavour led by the Sri Lanka Export Development (EDB) under the Ministry of Trade…
Prime Lands Residencies PLC (PLR) has made a profit after tax of LKR 1,158 million for the 9-month period ended FY 2021/22 while maintaining a profit after tax of LKR 450 million for Q3 of FY 2021/22. Commenting on the results, Co-Chairman Mr. Brahmanage Premalal said, “It has been a remarkable achievement for us in…
Hela Apparel Holdings Limited (the holding company of the Hela Clothing Group) ended its third quarter on a high note, having exceeded its annual performance for FY2020/21 within the first 9 months of the current financial year. The Group recorded year-to-date revenue of Rs 41.6 billion, which represents a growth of 88% compared to the…
The Joint Apparel Association Forum (JAAF), the apex body of the Sri Lankan apparel industry, announced the appointment of respected industry veteran, Yohan Lawrence, as its new Secretary General. Lawrence, who counts over 20 years of experience in senior management positions in the apparel sector as well as in leadership positions in prominent industry associations,…
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