Fonterra Co-operative Group Ltd has today provided an update on its work to explore potential divestment options for its global Consumer business, as well as integrated businesses Fonterra Oceania and Fonterra Sri Lanka. CEO Miles Hurrell says, following a detailed scoping phase, the Co-op has decided to proceed with a sale process for these businesses….
Hyperjet Technologies Sri Lanka in partnership with SpideRadio Telecommunication Technology Co. Limited, newest entrant in the field of access network solutions in the world, launched SpideRadio telecommunication products in Sri Lanka revolutionising the possibilities of 5G for Sri Lanka’s digital landscape. Hyperjet Technologies firmly believes that this would be an exciting opportunity for all Sri…
Sri Lanka Tourism has once again showcased its global appeal and commitment to strengthening the tourism industry by winning the esteemed “Best Stand for Doing Business” award at the 2024 World Travel Market (WTM) in London competing with more 183 destination stands present at the show. It was presented to Chairman Sri Lanka Tourism Mr….
The Board of Investment of Sri Lanka (BOI) is transforming existing factories and future industries into environmentally friendly green industries. The Board of Investment of Sri Lanka (BOI) has implemented changes to transform several investment promotion zones into green industrial zones. Industries under the purview of the Board of Investment of Sri Lanka are currently…
HVA Foods PLC, a member of the George Steuart Group, announces its exclusive distributor partnership with Müggenburg Group, Germany, a renowned family-owned company with over 80 years of expertise in high-quality herbs and botanicals. This partnership enables HVA Foods PLC to introduce Müggenburg’s extensive range of raw and processed natural ingredients to Sri Lanka, for…
Contract Agreement for Amendment No.03 of ongoing Design and Post Design Consultancy Services for Bandaranaike International Airport Development Project Phase II Stage 2 Project was signed between Airport and Aviation Services (Sri Lanka) (Private) Limited and Joint Venture of Japan Airport Consultants, Inc. & Nippon Koei Co., Ltd. on 01.11.2024. The Bandaranaike International Airport Development…
Delegates from the Singapore Press Club recently visited Sri Lanka, with SriLankan Airlines collaborating with the Sri Lanka High Commission in Singapore as the airline partner for the group’s tour. During their visit, they were welcomed by the Head of Worldwide Sales, Dimuthu Tennakoon, and the SriLankan Airlines Corporate Communications team, who shared insights into…
Group Revenue gained momentum as core Revenue grew 6% both YTD and QoQ EBITDA Reached Rs45.1Bn up 1% YTD and up 33% QoQ Total Taxes Paid to GoSL Rs35.1Bn for nine months ending 30th September 2024 which included Rs8.6Bn in Direct and Rs26.5Bn in Indirect Taxes Net Profit reported at Rs4.5Bn for Q3 2024, up…
Strategic partnership with Aradhana Group marks a new phase in BYD’s nationwide expansion drive BYD, the world’s leading New Energy Vehicle (NEV) manufacturer together with its exclusive agent in Sri Lanka, John Keells CG Automotive (JKCG Auto) have entered into a partnership with the Aradhana Group to support its expansion to the island’s South Coast….
Sri Lanka has been voted the Most Desirable Island in the World at the Wanderlust Reader Travel Awards 2024 in London. At the prestigious Wanderlust Reader Travel Awards 2024 held in London, Sri Lanka emerged as the “Most Desirable Island in the World,” marking a significant milestone in its tourism recovery journey. More than 200,000…
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