A high-level delegation representing the Palm Oil Industry Association of Sri Lanka (POIASL), recently met with India’s High Commissioner to Sri Lanka, His Excellency, Gopal Baglay. The meeting took place at Indian House where a productive meeting and discussion ensued. The POIASL discussed the progress made with regard to oil palm industry in Sri Lanka,…
The Colombo Tea Traders’ Association (CTTA), which comprises all tea industry stakeholders, namely the growers, manufacturers, Plantation company estates, brokers, and exporters, views with deep concern the prevailing situation facing the nation. The recent events which took place in the aftermath of the island-wide protests have only aggravated the position with disruptions to the normal…
Analysis by Ruth Pollard | Bloomberg High school teacher S. Jeeva has spent two days in the baking sun lining up for cooking gas in the north of Sri Lanka’s capital. He’s been standing with thousands of others waiting for a delivery that, so far, hasn’t come. Meanwhile, many of his students, who will sit…
The Committee on Public Finance, chaired by Hon. Anura Priyadarshana Yapa, Member of Parliament, last week (19) decided to summon the Governor of the Central Bank, the Secretary to the Ministry of Finance and other officials to the Committee on Finance this week to discuss the current economic crisis and the solutions. Further, the Import…
Emirates and Dilmah Tea have enjoyed a longstanding partnership of brewing the finest teas on board and in Emirates’ airport lounges around the world for the past 30 years. To mark the milestone on International Tea Day, all Emirates’ customers will get a special tea box when they fly from Dubai on Saturday. In addition,…
The Chairman of the Colombo Stock Exchange (CSE) Dumith Fernando who has served in this role since July 01, 2020, has informed the Board of his intention to retire by rotation on June 23, 2022 at the conclusion of his current term as a Director. Subsequently, at its regular monthly board meeting held on May…
COLOMBO, Sri Lanka (AP) — China says its initiative to build ports and other infrastructure across Asia and Africa, paid for with Chinese loans, will boost trade. But in a cautionary tale for borrowers, Sri Lanka’s multibillion-dollar debt to Beijing threatens to hinder efforts to resolve a financial crisis so severe that the Indian Ocean…
The Government of Japan is giving essential medicines to Sri Lanka through UNICEF to meet the urgent needs of the most vulnerable population as the country grapples with shortages due to an economic crisis. The contribution of US$ 1.5 million will enable UNICEF to procure medicines for over 1.2 million people, among them 53,000 pregnant…
Financial Year 2021/22 – Full Year Performance Chief Executive Officer’s Review Hemas Holdings PLC (HHL) accomplished a solid performance for the financial year 2021/2022 despite a challenging environment, to record a cumulative Group revenue of Rs. 78.8 billion, an increase of 22.2 per cent over the prior year. The overall cumulative operating profits of Rs…
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 first quarter of 2022. This monthly nation-wide tracking study, reported quarterly, is based on a unique measurement developed by FEFSL. Started in July 2011…
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