We write with reference to the article titled: “Lack of proper nutrition, housing and education plague Sri Lanka’s tea plantation community” by Kathy Melvin, Director of Mission Communications at the Presbyterian Mission Agency, Presbyterian Church, USA which appeared in the Daily Financial Times on 28 February 2018. The Planters’ Association of Ceylon notes with…
IFC, a member of the World Bank Group, brought together CEOs of leading companies to mark the anniversary of SheWorks partnership in Sri Lanka. The partnership, supported by the Australian government, works with 18 leading employers that have pledged to implement measures proven to enhance employment opportunities for women. This dynamic collaboration has led…
Professor Malik Ranasinghe, who was the Deputy Chairman of the Bank since August 2016, will take on his new role from the 2nd April 2019. His rich experience and deep understanding of the Bank’s core values will be invaluable in achieving its objectives. Professor Ranasinghe is a former Vice-Chancellor, University of Moratuwa, Member of…
Reuters – The Sri Lankan rupee snapped a six-session winning streak to end lower on Wednesday due to importer dollar demand, but greenback inflows from inward remittances ahead of the traditional new year capped further decline, sources said. ** The currency edged down at 174.60/80 to the dollar, compared with Tuesday’s close of 174.45/60. **…
The Planters’ Association of Ceylon (PA) wishes to draw the general public’s attention to serious factual misrepresentations and inaccuracies initially published by Thomson Reuters Foundation and authored by freelance journalist, Lisa Fuller in her article titled: ‘Tea Label Giants Vow Probe after Sri Lanka Labour Abuse Expose’ At the outset, the PA notes with disappointment…
Sri Lanka’s Power Minister Ravi Karunanayake had recently out-cried at Parliament that country’s government owned Ceylon Electricity Board (CEB) needed a Rs. 40 billion bailout from tax-payers now for fuel bought on credit amidst another Rs. 89 billion loss projected for the year 2019. “We need Rs. 40 billion to pay Ceylon Petroleum Corporation…
Sri Lanka’s Colombo Consumer Price Index (CCPI) accelerated to 4.3% year-on-year in March this year from 4% recorded in February, as inflation on non-food items increased, recent statistics outline. Accordingly Department of Census and Statistics latest data noted that the price deflation in food items during March 2019 remained unchanged at 1.4% year-on-year, while the…
– Profit Before Tax of Rs. 31.9 billion, highest in the industry – Operating profit of Rs. 41.5 billion – Assets crossing Rs. 2.0 trillion mark with a 16% growth – Growth in loan book by 24%upto, Rs. 1.5 trillion Bank of Ceylon, having nearly completed 80 successful years, has closed 2018 with another spearheading…
Reuters – The Sri Lankan rupee closed firmer on Tuesday as more foreign investors purchased government securities, while inward remittances remained high ahead of the traditional new year celebrations, market sources said. ** The currency extended gains into a sixth session to end firmer at 174.45/60 to the dollar, compared with Monday’s close of 174.70/85….
Sri Lanka’s one of the oldest conglomerates Hayleys PLC founded by British Charles P Hayley but now owned by Sri Lanka Billionaire Dhammika Perera will generate a dividend income of over Rs. 189 million this April 17th 2019 as dividend income to Perera’s coffers. Hayleys PLC recently announced (29th March 2019) a dividend of Rs….
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