Category: General Services
Piramal Glass Ceylon reports 110-pct growth in PAT for nine months
Piramal Glass Ceylon reported its nine-month results as at 31st December 2020, with a turnover of Rs. 5,961 Million & PAT of 694 Million as against Rs. 5,832 Million & Rs. 330 Million in the previous year during the similar period. The Company reported a growth of 2% in revenue with 110% growth in PAT. […]
Sri Lanka inflation at 3-pct for Jan 2021
Feb 02, 2021 (LBO) – The overall rate of inflation as measured by CCPI on Y on Y basis is 3.0 percent in January 2021 and Y on Y inflation calculate for the month of December 2020 was 4.2 percent. As per the Statistics Department, Year on Year inflation of both the Food Group and […]
Minister green lights productivity-linked wage proposal for RPCs: Unions are still to agree
Feb 01, 2021 (LBO) – On the request of Labour Minister, Nimal Siripala de Silva, Regional Plantation Companies (RPCs) submitted a revised wage proposal to remunerate workers up to 1108 repees a day. The revised proposal was a result of a settlement, negotiated with the assent of the Minister. However, trade unions are still to […]
Sri Lanka can achieve a greener and more prosperous future
By Andrew Zakharenka, Natural Resources Management Specialist Farmers, hoteliers and homestay owners, fishers, producers of the famous Kanthale milk curd, Ayurveda healers, fruit growers, developers, safari jeep drivers, local dwellers—all derive their livelihoods from shared natural resources offered by the Hurulu-Kaudualla-Kanthale (HKK) Landscape. Located in the North East of Sri Lanka and home to 650,000 […]
Lina Spiro launches Sri Lanka’s first metered-dose inhaler manufacturing plant
Sunshine Healthcare Lanka (SHL), the healthcare arm of the diversified conglomerate Sunshine Holdings PLC (CSE: SUN), officially commenced the operations of its subsidiary, Lina Spiro (Pvt) Ltd, Sri Lanka’s first Metered-Dose Inhaler (MDI) manufacturing plant in Kadawatha today. The State Minister of Production, Supply and Regulation of Pharmaceuticals, Prof. Channa Jayasumana ceremoniously declared open the […]
Sunshine Holdings selects IFS ERP platforms for subsidiary companies
IFS, the global enterprise applications company, announces that Sunshine Holdings PLC, a leading conglomerate will roll out a comprehensive enterprise resource planning (ERP) platform from IFS for itself and ten other subsidiary companies, including companies in the healthcare sector, consumer sector (including Watawala and Zesta tea), and renewable energy sector. Having used IFS since 2016, […]
Opinion: Extended producer responsibility to help address Sri Lanka’s plastic waste management
By Manjula de Silva, Secretary General and CEO, Ceylon Chamber of Commerce Each year, over 640,000 metric tonnes of plastic leak into the Indian Ocean from Sri Lanka (Clean Cities, Blue Ocean, June 2020). The Western Province alone generates around 7500 metric tons of solid waste every day, out of which only 3500 metric tons are […]
SL vehicle registrations show an increase in Dec 2020: Jan expected to be nil
Jan 21, 2021 (LBO) – Sri Lanka’s vehicle registrations for the month of December show an increase mainly due to a shifting of registrations from the month of November, a new report says. Data compiled by JB Securities equities research shows that total vehicle registrations recorded 4,407 units in the month of Dec up from 2,868 […]
SL explores bilateral trade with Philippines
The Embassy of Sri Lanka in Manila initiated a virtual introductory meeting between the State Trading Corporation of Sri Lanka (STC) and the Philippine International Trading Corporation (PITC) on 13 January 2021 to discuss opportunities for mutually-beneficial trade engagements between Sri Lanka and the Philippines. Ambassador Shobini Gunasekera, in her welcome remarks, enjoined the two […]
Eran warns “Be careful of pump and dump in stock market”
Jan 18, 2021 (LBO) – Former State Minister of Finance Eran Wickramaratna said that when we hear the message of share market it was not only the message but we also need to look at the messenger as well. “We hear a lot of comments on basically about economy, lots of nice stories and fairy […]
RPCs lay out final proposal to remunerate workers Rs. 1105 per day
In a meeting today between the Minster of Labour Hon. Nimal Siripala de Silva and the Chairmen of all Sri Lankan Regional Plantation Companies (RPCs), a final proposal has been submitted towards ensuring a sustainable earnings model for the sector. This proposal takes into consideration the sustainability of both the industry and livelihoods of plantation […]
President declares open South Asia’s largest tyre manufacturing factory
President Gotabaya Rajapaksa declared open Ferentino Tire Corporation- PVT Ltd, largest tyre and radiator tyre manufacturing factory in South Asia today (14). The factory has been set up on a 155-acre land belongs to BOI Industrial Zone in Wagawatta, Horana. Investment of the first phase is USD 100 million. Manufacturing will be carried out using […]