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Expolanka Holdings ends FY 2023 focusing on consolidation strategy to deliver long term growth
Expolanka Holdings PLC ended its financial Year 2023 displaying resilience in the face of a challenging macro environment, while pursuing a strategy of consolidation paving the way for future growth. For the fourth quarter, Expolanka achieved a Revenue of Rs. 55.1Bn, Gross Profit of Rs. 19.3Bn, and Operating Profit of Rs. 1.08Bn. However, the appreciation […]
China Merchants Group investment in Sri Lanka reaches USD 2 Billion
The Chairman of the China Merchants Group (CMG), China’s largest diversified conglomerate, who was on a visit to Sri Lanka says the Group’s latest investment plans will up its accumulated investments in the island to reach nearly 2 billion US Dollars. Chairman Miao Jianmin, who is on his first visit to the country, attended a […]
Sri Lanka joins hands with UNDP to align tax & fiscal policies to achieve SDGs
The Sustainable Development Goals (SDGs) are a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity by 2030. But it requires fundamental changes to the way the economy and fiscal policies are organized. In order to offset challenging market conditions faced by developing countries and […]
National Organic Certification Mark Made Public by EDB
The Sri Lanka Export Development Board (EDB) on Friday made public the National Organic Certification Mark (NOCM) to increase consumers’ awareness of organic food production. The event was organized by the National Organic Control Unit (NOCU) of the EDB, in collaboration with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH in Sri Lanka, co-funded by […]
FM Ali Sabry to attend annual meeting of board of governors of ADB, in S Korea
Foreign Minister Ali Sabry will leave for Incheon, South Korea to attend the 56th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB), scheduled to be held from 2-5 May 2023, representing President Ranil Wickemesinghe. The Annual Meeting is a high-level event attended by around 3,000-4,000 participants, including Ministers of Finance, Governors of […]
President directs immediate action to solve plantation sector issues
President Ranil Wickremesinghe says that the government is committed to carrying out its agricultural modernization plan. Speaking at recent meeting held at the Presidential Secretariat he emphasized that there are several issue fading the sector and that one of the main challenges was related to the Mahaweli Authority and its lands, which are now being […]
‘s Central Bank says structural reforms needed for short and long-term issues: Annual Report
The implementation of structural reforms focusing not only on restoring near term stability but also on rebuilding the nation with adequate safeguards and resilience in the post-debt restructuring and post-IMF bailout era is vitally important for permanent revival from the current economic crisis, Central Bank of Sri Lanka releasing its 2022 annual report said. The […]
CBSL Annual Report handed over to President
The Annual Report of the Central Bank (CBSL) 2022 was presented by Central Bank Governor Dr. Nandalal Weerasinghe to the Minister of Finance Economic Stabilization and National Policies, President Ranil Wickremesinghe at the Ministry of Finance today (27). The 2022 annual report of the Central Bank of Sri Lanka can be accessed through the link […]
Seylan Bank appoints Ramesh Jayasekara as Director/CEO
Seylan Bank has announced the appointment of Ramesh Jayasekara as its new Director/Chief Executive Officer, effective from 1 May 2023. Having joined Seylan Bank in 2011 as Chief Financial Officer, Ramesh was later appointed Chief Risk Officer in 2016 and assumed the role of Deputy General Manager – Corporate Banking from 2018 until 2019. He was […]
HC Moragoda meets IndiGo co-founder Bhatia to discuss enhancing air connectivity between SL and India
Continuing his discussions with large-scale Indian investors and corporate leaders, Sri Lanka’s High Commissioner to India Milinda Moragoda met with IndiGo airline’s co-founder and Managing Director Rahul Bhatia on 26 April in New Delhi. This was a follow-up to the meeting that they had in December last year. The discussion between High Commissioner Moragoda and Bhatia was centred […]