Category: Industry
Commercial Bank wins ‘Best Corporate Citizen Sustainability Award 2021’ for first time
Commercial Bank of Ceylon PLC won the coveted ‘Best Corporate Citizen Sustainability Award 2021’ at an annual event organized by the Ceylon Chamber of Commerce, the country’s premier business chamber, to recognize sustainable champions of the local corporate world. Citizens Development Business Finance PLC and CBL Investments Limited (CBL Group) were adjudged the first and […]
ADB to take 8.5-pct stake in JKH via USD80Mn investment
John Keells Holdings PLC (JKH) yesterday announced the Asian Development Bank (ADB) will be taking up a 8.5 percent stake via a private placement with an investment of US 80 million dollars via two phases. JKH said its Board of Directors resolved to raise funds through a private placement for a maximum cumulative amount of […]
Teejay Lanka achieves 81-pct emission reduction from sludge disposal
Invests Rs 90 million in Sri Lanka’s largest steam-powered paddle dryer Reduces GHG emissions by 2,326 tCO2e in one year Sri Lanka’s largest textile manufacturer Teejay Lanka PLC has announced the achievement of an 81 per cent reduction in Greenhouse Gas (GHG) emissions from the disposal of sludge waste, after one year of sustained operation […]
Sarvodaya Development Finance and Mitra Innovation work to build digital capabilities
Noting the potential of digitisation as a method of transforming ethical financing, Sarvodaya Development Finance (SDF) partnered with Mitra Innovation to connect the village of Kethsirigama to a number of digital platforms, thereby enhancing their ability to conduct business and achieve economic growth. The partnership with Mitra Innovation will revolve around providing access to comprehensive […]
INSEE cement enters MoU with State Ministry of Home Affairs
INSEE Cement entered into a Memorandum of Understanding (MoU) with the State Ministry of Home Affairs today, to enhance knowledge of modern engineering techniques and best practices of 25 District Engineers belonging to the Engineering Division of the State Ministry over a period of one year. The MoU was signed between INSEE and the State […]
Sri Lanka@100 opens new application round for advisory services
Sri Lanka@100, a private sector-led business development platform supported by the United States Agency for International Development (USAID), announces its third round of applications for mid-market companies looking for business advisory services to accelerate revenue growth, optimize internal operations, access new markets, and attract smart capital. Mid-market firms registered as companies in Sri Lanka with […]
Hambantota Port first Sri Lankan Port to receive ISO Integrated Management System Standards
Hambantota International Port (HIP) was the recipient of ISO Integrated Management System standards for its quality, environmental consciousness and health and safety. The ISO Integrated Management system will enhance performance driving everyone from bottom to top levels for better quality, environmental consciousness and health and safety standards and practice. HIP is the first Sri Lankan […]
Flexicare unveils export-oriented medical devices manufacturing facility at Bandaragama
Flexicare Lanka – a fully owned subsidiary of Flexicare Group, U.K. – recently inaugurated its state-of-the-art manufacturing facility in Bandaragama which is expected to revolutionise medical products manufacturing in Sri Lanka.With a total investment of over USD 15 million, the new innovative medical devices manufacturing plant begins its first phase of operations in the country […]
ACL Cables PLC posts 189-pct profits at end of Q2
ACL Cables PLC, Sri Lanka’s No.1 cable manufacturer has posted a phenomenal 189% year-on-year profit increase at the end of its second quarter demonstrating strong financial performance and stability as a group. Noteworthy are the resounding strong figures despite challenging economic conditions seen locally as well as globally due to the Covid19 pandemic. ACL Cables […]
”; Outlook Stable
Fitch Ratings has affirmed Sri Lanka-based Ceylon Electricity Board’s (CEB) National Long-Term Rating at ‘AA-(lka)’ with a Stable Outlook. They have also affirmed the National Long-Term Rating on CEB’s senior unsecured debentures at ‘AA-(lka)’. CEB’s ratings are equalised with that of its parent, the Sri Lankan sovereign (CCC), in line with Fitch’s Government-Related Entities (GRE) […]
Singapore Airlines to Resume Daily Services Between Colombo and Singapore
Singapore Airlines (SIA) today resumes daily services between Colombo and Singapore, increasing flight frequencies to seven times weekly from five weekly flights. Flight SQ469 departs from Colombo at 0045hrs and arrives in Singapore at 0720hrs. For the return sector, SQ468 departs from Singapore at 2210hrs and arrives in Colombo at 2330hrs. SIA operates the Airbus […]
New Kelani Bridge construction completed by Advantis Projects and Engineering
Advantis Projects and Engineering, a subsidiary of Hayleys Advantis Limited, has successfully completed its share of construction work on the New Kelani Bridge project. Amounting to one of the largest infrastructure development projects in the country in recent times, the New Kelani Bridge consists of the single largest suspension bridge and the longest elevated steel […]