Hemas Strengthens Presence in Consumer Brands Space, Acquires Remaining Stake in Atlas
Hemas recently announced the acquisition of a 24.9% stake of Atlas Axillia Company (Private) Ltd, for a total consideration of Rs.3.4Bn. With this strategic …
Hemas recently announced the acquisition of a 24.9% stake of Atlas Axillia Company (Private) Ltd, for a total consideration of Rs.3.4Bn. With this strategic …
Privatization of the telecom industry does not pose a threat to national security, according to Professor Rohan Samarajeeva, former Director General of the …
The Sri Lankan Rupee (LKR) has depreciated against the US Dollar (USD) today compared to last week, according to the Central Bank of Sri Lanka. Accordingly, …
Fitch Ratings has upgraded Sri Lanka-based Kotagala Plantations PLC's National Long-Term Rating to 'B+(lka)', from 'RD(lka)'. The Outlook is Negative. Fitch …
Sri Lanka’s largest marketing communications group, The MullenLowe Group (MLG) launches LoweMedia on the 1st of June. LoweMedia becomes the 7th independently …
Executive Director/Deputy CFO Ranga Abeynayake becomes Chief Operating Officer General Manager – Marketing Samitha Hemachandra appointed Deputy COO …
Ayodhya Iddawela Perera will take over as the next Managing Director of Sampath Bank PLC effective from the 1 st of July 2023. She will succeed the incumbent …
In the wake of Sri Lanka’s unprecedented socio-economic crisis in early 2022, the John Keells Group launched a multi-pronged Crisis Response Initiative …
Judicial Precedence proves independent commissioners can seek court order to ensure their orders carried out Eran Wickramartne MP speaking on the debate of the …
Fitch Ratings has assigned Sri Lankan conglomerate Hayleys PLC a National Long-Term Rating of 'AAA(lka)'. The Outlook is Stable. Fitch has also assigned a …
The Group reported a resilient performance during the year, amidst the unprecedented challenges in the operating environment, recording a recurring EBITDA …
In a recent press conference MP Harsha de Silva outlined several critical points regarding the IMF Program and expressed general agreement with the …
The fourth round of talks on the proposed Sri Lanka-Thailand Free Trade Agreement was held recently with both parties agreeing to complete the negotiations and …
The Chairman of Public Utilities Commission of Sri Lanka Janaka Ratnayake says that the electricity consumers should get a 20 percent tariff reduction based on …
Foreign Minister Ali Sabry met with the President of Asian Development Bank, Masatsugu Asakawa in Seoul, Republic of Korea during the 56th Annual Meeting of …
The banks believe that all stakeholders involved in structuring the restoration of Sri Lanka’s Balance of Payments to a sustainable equilibrium must …
Expolanka Holdings PLC ended its financial Year 2023 displaying resilience in the face of a challenging macro environment, while pursuing a strategy of …
The implementation of structural reforms focusing not only on restoring near term stability but also on rebuilding the nation with adequate safeguards and …
Continuing his discussions with large-scale Indian investors and corporate leaders, Sri Lanka’s High Commissioner to India Milinda Moragoda met with IndiGo …
The Ministry of Power and Energy has proposed to remove the lubricant levy from the Public Utilities Commission of Sri Lanka (PUCSL), the shadow regulator of …