Invests Rs 90 million in Sri Lanka’s largest steam-powered paddle dryer Reduces GHG emissions by 2,326 tCO2e in one year Sri Lanka’s largest textile manufacturer Teejay Lanka PLC has announced the achievement of an 81 per cent reduction in Greenhouse Gas (GHG) emissions from the disposal of sludge waste, after one year of sustained operation…
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100), increased to 8.3 per cent in October 2021 from 6.2 per cent in September 2021. This was driven by monthly increases of prices of items in both Food and Non-food categories. Meanwhile, Food inflation (Y-o-Y) increased to 11.7…
Capping off a year of record-breaking, export-led growth, both Lanka Monthly Digest’s (LMD) Top 100 and Business Today Top 40 ranked Hayleys PLC as Sri Lanka’s Number 1 corporate for 2020-21. This marks the fifth consecutive year and eighth occasion in total that Hayleys has been honoured with the top spot within the LMD100. Considered…
The Board of Directors of John Keells Holdings PLC (“JKH”; the “Company”) resolved to raise funds through a private placement for a maximum cumulative amount of the Sri Lankan Rupee (LKR) equivalent of USD 80 million to Asian Development Bank (“ADB”) through the issuance of up to a maximum of 122,500,000 new ordinary shares of…
DFCC Bank, one of the premier commercial Banks in Sri Lanka, in its path towards securing a resilient nation through the facilitation of equitable and inclusive economic growth, seeks to comprehensively utilize one of the largest credit lines of USD 150 Mn available to the Bank from the U.S. government’s International Development Finance Corporation (DFC)….
The Monetary Board, at its meeting held on 17th November 2021 has promoted Mr. K G P Sirikumara, Mr. D Kumaratunge, Mrs. U L Muthugala, and Mr. C P S Bandara to the post of Assistant Governor with effect from 17th November 2021.
PwC Sri Lanka, in its capacity as an organization providing consultation on economic and business related insights, along with ICTA, have employed its experience and nous to study the nature of the start-up ecosystem of the country in an effort to identify and understand the challenges faced. Titled Towards a Start-up Friendly Government, this document…
SriLankan Airlines, the National Carrier of Sri Lanka and a member of the oneworld alliance, in an endeavor to support the country’s tourism revival efforts whilst fortifying connectivity in its single largest market India, embarked on a mega fam tour of top bloggers and social influencers who are touring Sri Lanka on specially curated itineraries. …
In rallying the environmentally and socially conscious banks and financial institutions in the region, SDB bank was the proud host of the Annual Meeting of the Asia Pacific Chapter of the Global Alliance for Banking on Values, on the 16th and 17th of November 2021. The Global Alliance for Banking on Values (GABV), founded in…
SJB parliamentarian Eran Wickramaratne said that although 52% of the population in our country are women, their labour force participation is a mere 35%. He said it is imperative that favourable conditions to increase their contribution needs to be created but the Budget has not addressed the issue. Under an SJB government we will provide maternity leave cost subsidies to the private sector to…
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