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Opinion: The impact of RPCs on Sri Lanka’s economy and environment
Senaka Alawattegama, Chairman, Planters’ Association of Ceylon Despite challenges like COVID-19 and economic crises, Sri Lanka’s plantation industry remains a key economic pillar. Privatization in 1992 increased operational efficiency and reduced the government’s financial burden. RPCs have diversified crops, invested in environmental conservation, and improved worker welfare. The plantation industry has long […]
CEAT car radials chosen as Original Equipment for Hyundai Grand i10 assembled by Abans Auto
CEAT has been chosen as the original equipment tyre for the 2024 Hyundai Grand i10 assembled, sold and serviced in Sri Lanka by Abans Auto, clinching another OEM partnership for the country’s highest-selling tyre brand. The partnership, which brings together two significant players in domestic value addition and a leading global automobile brand, paves the […]
Ceylon Chamber Launches BCCS Awards 2024
The Ceylon Chamber of Commerce launched the Best Corporate Citizen Sustainability (BCCS) Awards 2024 at a seminar to brief prospective applicants on the Award process for the year 2024. Held this year for the twenty-first consecutive year, the BCCS Awards, which champion corporate sustainability in an increasingly environmentally vulnerable world, are one of the most […]
ADB approves USD100Mn policy-based loan support for power sector reforms in Sri Lanka
The Asian Development Bank (ADB) and the Government of Sri Lanka signed a loan agreement for US$100 million on Monday (5 August 2024) for subprogram 1 of a policy-based loan (PBL) to support and facilitate reforms aimed at enhancing the financial sustainability of the power sector in Sri Lanka. This loan is part of a broader […]
” Policy Document to Encourage Bipartisan Approach Towards Development
The Ceylon Chamber of Commerce launched its landmark policy document, ‘Vision 2030,’ designed to steer Sri Lanka towards sustainable and inclusive development by 2030. The inaugural copy of this comprehensive economic plan was presented to President Ranil Wickremesinghe. The document will also be distributed to political party leaders, the Central Bank Governor, and the Treasury […]
VIDEO: What turned the country against Sheikh Hasina?
Demonstrators in Bangladesh’s capital Dhaka have stormed Sheikh Hasini’s official residence. The ousted prime minister had earlier resigned and fled to neighboring India. Bangladesh’s army said it would form an interim government.
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Fitch Ratings has assigned Hatton National Bank PLC’s (HNB, A(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to LKR12 billion a final National Long-Term Rating of ‘BBB+(lka)’. The final rating is the same as the expected rating assigned on 4 April 2024 and follows the receipt of documents conforming to information already […]
Mimi Nicklin LIVE in Colombo: Understand the Power of Emotional Intelligence in Leadership
Mimi Nicklin, the acclaimed author, CEO, and multi-award-winning founder of Empathy Everywhere, will be presenting a LIVE masterclass in Colombo on the 15th of August 2024. This highly anticipated masterclass titled “Embrace the Power of Emotional Intelligence in Leadership” follows her previously sold out masterclass in June this year. The masterclass will take place at […]
‘s Make-or-Break Moment, The Leadership Sri Lanka Needs
By Jithendra Antonio As Sri Lanka emerges from an unprecedented economic crisis that has shaken the foundations of its society, the nation stands at a pivotal crossroads. The upcoming presidential election on September 21, 2024, presents an opportunity for transformative leadership capable of steering the country toward economic recovery, social equity, and sustainable development. The […]
Sunshine Holdings sustains growth momentum in 1QFY25
Diversified conglomerate Sunshine Holdings PLC (CSE: SUN) continued demonstrating resilience amidst prevailing macroeconomic conditions, reporting a topline growth of 6.5% YoY. The Group recorded a consolidated revenue of Rs.14.2 billion during the first quarter of the current financial year (1QFY25), with Profit after tax (PAT) contracting by 3.6% YoY to Rs.1.4 billion. The revenue increase […]