Anton, the local PVC giant made history by expanding its operations to Kenya, by exporting locally produced products to the people of Africa. Anton steps foot in Kenya amidst a very challenging time for people and businesses worldwide. However, the great feedback from partners and consumers alike has been quite commendable. “We are extremely delighted…
Group top and bottom-line up by 31% and 23% YoY respectively in FY 2020-21 One of Southeast Asia’s largest brush manufacturers and Sri Lanka’s pioneer in recycled plastic products, BPPL Holdings PLC, has recorded impressive improvements in all key financial indicators in the 2020-21 financial year, while strongly positioning the business for its next phase…
The agreement with the local group LOLC includes the management of two other resorts in the Maldives Hotel companies are beginning to dust off their expansion plans, waiting for the coronavirus crisis to be definitively controlled in the coming quarters. Barceló announced the opening of its first hotel in Sri Lanka on September 1 , as the…
The Advocata Institute DeepDive Series on “ The Role of Trade in Sri Lanka’s Economic Recovery” A panel of eminent economists urged that the Government take credible and decisive action to carry out immediate trade reforms. Advocata’s Academic Chair Dr. Sarath Rajapatirana, emphasised that “Countries that have grown very fast, especially in east asia have…
Given Singapore’s reputation as a regional hub with strong connectivity across South East Asia and business-friendly environment, technology companies are increasingly looking to expand into the country. As such, with the aim of helping Sri Lankan technology companies gain access to a lucrative pipeline of new customers, marketing channels and business opportunities, PwC Sri Lanka…
Q Khan thrilled to be owner of Dambulla Giants, a formidable team in the LPL Innovative Production Group (IPG) FZE, the official right holders of Lanka Premier League (LPL) for 2020-2024, today unveiled London-based HAMRO CEO Mr Q Khan as the new owner for the Dambulla Giants in the prestigious T20 league of the Island…
With a view to meeting the challenges faced by businesses and individuals due to the new surge in COVID-19 outbreak in Sri Lanka, the Central Bank of Sri Lanka (CBSL) directs licensed commercial banks and licensed specialized banks, (hereinafter referred to as licensed banks), to extend the debt moratorium to COVID-19 affected businesses and individuals…
Hilton Colombo to radically transform guest experience with Rs. 1.94 billion room refurbishment S&T Interiors – a joint venture of the Hayleys Group and S&T Oman, announced the commencement of the Rs 1.94 billion 253 guest room refurbishment project for the Hilton Colombo. The fifteen [15] month project is expected to be completed in four…
New measures treating the symptoms rather than the disease. Harsh enforcement of price controls may worsen food shortages. The Commissioner of Essential Services has been granted the power to seize food stocks held by traders and retailers and regulate prices. There is serious concern with the steep rise in the price of essentials which has…
Asia Capital says resignation of Reyhan Morris, Sandun Hettige received, denies investigation claims In reply to recent media reports that claimed two Joint Chief Operating Officers Reyhan Morris & Sandun Hettige of Asia Capital PLC Director confirmed that there is no internal investigation carried out on the conduct or action of the two individuals during…
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