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HVA Foods PLC Partners with Müggenburg Group, Germany
HVA Foods PLC, a member of the George Steuart Group, announces its exclusive distributor partnership with Müggenburg Group, Germany, a renowned family-owned company with over 80 years of expertise in high-quality herbs and botanicals. This partnership enables HVA Foods PLC to introduce Müggenburg’s extensive range of raw and processed natural ingredients to Sri Lanka, for […]
Sri Lanka elected Vice President of International Solar Alliance Standing Committee (Asia–Pacific Group)
Sri Lanka, together with Australia, was elected by acclamation to the post of Vice President of the Standing Committee (Asia–Pacific Group) during the Seventh Session of the International Solar Alliance (ISA) Assembly held in New Delhi on 04 November 2024. By virtue of this post, Sri Lanka will also be the Chair of the Regional […]
Financial Intelligence Unit enters into a MoU with National Secretariat for Non-Governmental Organizations
The Financial Intelligence Unit (FIU) of Sri Lanka entered into a Memorandum of Understanding (MOU) with the National Secretariat for Non-Governmental Organizations on November 04, 2024 at the Central Bank of Sri Lanka (CBSL) to exchange information on investigations and prosecutions of Money Laundering (ML), Terrorist Financing (TF) and related crimes and of any persons […]
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Fitch Ratings has assigned Sampath Bank PLC’s (A(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to LKR10 billion an expected National Long-Term Rating of ‘BBB+(EXP)(lka)’. The proposed debentures, which will mature in five years, will be listed on the Colombo Stock Exchange. The bank plans to use the proceeds to strengthen its […]
Aitken Spence Logistics Triumphs with 5 Prestigious Wins at SLFFA National Logistics Awards
Aitken Spence Logistics showcased its enduring excellence and industry leadership at the prestigious SLFFA National Logistics Awards (NLA) 2024, winning five notable awards that reinforce its reputation for quality, innovation, and service excellence in Sri Lanka’s logistics sector. Organized by the Sri Lanka Logistics and Freight Forwarders Association (SLFFA), the NLA is one of the […]
Hemas Holdings Boosts Profitability through Efficiency in a Challenging Market
Hemas Holdings PLC reported a cumulative revenue of Rs. 54.4 billion, with operating profits of Rs. 5.0 billion and earnings of Rs. 2.5 billion. The decrease in revenue compared to same period last year was a result of cautious consumer spending accompanied by several strategic downward price adjustments, particularly in the Consumer Brands segment. However, […]
VIDEO: Trump projected winner of 2024 presidential election (FULL SPEECH)
Donald Trump spoke from his election night watch party in West Palm Beach, Florida, after FOX News called the presidential election for Trump.
Opinion: CB defends liquidity injections amid “Money Printing” controversy
by Dhananath Fernando A fresh controversy has erupted following reports that Sri Lanka’s Central Bank (CBSL) injected nearly 100 billion rupees into the banking system by October 25. Given that money printing was the major cause of the country’s financial crisis, this news has sparked considerable attention. CBSL has defended its actions, arguing that these […]
JKH records continued growth momentum in Q2
Sri Lanka’s John Keells Holdings PLC (JKH) reported continued growth momentum across almost all businesses in the second quarter, a statement showed. The Group revenue in 2Q was up by 20 percent to Rs.76.96 billion with increases across almost all businesses. JKH said the 687-key ‘Cinnamon Life’ hotel, restaurants and banquet facilities commenced operations on […]
Opinion: Foreign Direct Investment Opportunities in Sri Lanka – A Sector-by-Sector Analysis
Introduction Sri Lanka is at a pivotal moment in its economic development journey, with a fresh political climate following recent elections and numerous policy reforms aimed at bolstering foreign direct investment (FDI). The government has unveiled an agenda that actively encourages international partnerships across key sectors, positioning Sri Lanka as a prime investment destination in […]