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JKH group revenue up by 17-pct excluding Leisure in Q4
• The Group witnessed a faster than anticipated recovery momentum with the performance of most businesses reaching pre COVID-19 levels with business activity and consumer trends being near normal by the end of the financial year. • Excluding Leisure, Group revenue increased by 17% to Rs.36.15 billion in Q4; up 1% to Rs.122.32 billion in […]
Aitken Spence non-tourism sectors record highest ever PBT of Rs. 5 bn in 2020-2021
During a turbulent financial year that was affected by the unprecedented COVID-19 pandemic, Aitken Spence Group’s non-tourism sectors delivered the highest ever profit before tax of Rs. 5.01 billion for the twelve months ending 31st March 2021 compared to Rs. 4.2 billion last year and partially offsetting the impact of the Group’s Tourism portfolio which […]
Statement by Ajith Nivard Cabraal, State Minister of Money & Capital Markets
Since of late, there has been a massive mud-slinging effort against me and my family carried out in an organised manner by a group of persons. At present, that group is claiming that my son Chatura Cabraal is employed by the Company which is carrying out the construction work of the Colombo Port City, thereby […]
State-of-the-art Petroleum Testing Laboratory at Hambantota International Port
The Hambantota International Port (HIP) will partner Intertek Lanka (Pvt) Ltd to establish a state-of-the-art petroleum testing laboratory which will be unique to Sri Lanka. Through this facility, Intertek will provide innovative and bespoke assurance, testing, inspection and certification services. Johnson Liu, CEO of HIPG says, “HIPG has great potential in energy services due to […]
Travel restrictions extended until June 7; temporary relaxations on May 25, 31 & June 4
The government has decided to extend the travel restrictions until the 07th of June to contain the current Covid situation. The decision was taken at a meeting with the Special Committee on COVID-19 chaired by President Gotabaya Rajapaksa at the Presidential Secretariat this morning (24). Travel restrictions will be relaxed from 4.00 am to 11.00 […]
‘s economy collapse due to lockdown?
By Charith Isuru The answer is a BIG NO….. What are possible scenarios that can cause a possible economic collapse in Sri Lanka during this Covid pandemic? 1. Substantial downturn in exports. 2. Sizable loss in foreign worker remittances. 3. Unexpected surge in imports to an unbearable level. 4. Lack of foreign currency inflows to […]
VIDEO: We Must Stand With Those Palestinians & Israelis Working To Build A Future Of Equality
“To understand this war, we must understand what the Palestinian people have been enduring under blockade and occupation. I believe we must stand in solidarity with those Palestinians and Israelis working to build a future of equality and peaceful coexistence.” – Bernie Sanders
PUCSL to issue NVQ3 Level certificates to 45,000 electricians in Sri Lanka within two years
The Public Utilities Commission of Sri Lanka (PUCSL) has launched a program to provide National Vocational Qualification (NVQ 3 Level) free of charge to trained electricians island-wide from last March. This project is being carried out in collaboration with the National Vocational Training Authority and the Tertiary and Vocational Education Commission. Accordingly, 2500 electricians covering […]
WindForce to develop Karadiyana Waste to Energy Power Plant
Sri Lanka’s largest publicly listed power company WindForce Ltd. aims to fast-track the development of the Karadiyana Waste to Energy Power Plant, having signed a Share Sale and Purchase agreement with Fairway Holdings (Pvt) Ltd. With this agreement, WindForce acquires a controlling stake of 92.5% stake in Fairway Waste Management (Pvt) Ltd. Renowned for introducing […]
Port City Colombo opens gates for investment
Port City Colombo, Sri Lanka’s brand-new reclaimed land, slated as the “Gateway to South Asia”, now officially becomes the country’s first service oriented Special Economic Zone (SEZ). The Sri Lankan Parliament, today (20th), adopted a powerful Bill enabling a giant step in Port City Colombo becoming a pivotal global financial and services hub for South […]
PET collector’s journey amidst a raging pandemic
How Mahesh creates his livelihood around plastic, impacts of COVID-19 and waste segregation in Sri Lanka The importance of recycling is highlighted globally because waste has a negative effect on the natural environment. In some capacity, recycling also gives society an excellent reason to play a supporting role in keeping our planet clean. Recycling also […]
Arrangements to provide EPF services remotely due to travel restrictions
Arrangements have been made to provide the services of Employees’ Provident Fund Department (EPF) by post, e-mail, internet or through the branches of commercial banks due to the travel restrictions imposed in the country without requiring the member to visit the head office in Colombo and regional offices of the Central Bank to obtain the […]