Category: Industry
DSI enjoins infringer for sale of lookalike products
An action was filed by D. Samson & Sons (Private) Limited, through its legal representatives, Sudath Perera Associates for the infringement of its trademark in the Commercial High Court Of Colombo recently. Court issued an Enjoining order against Udawatta Durage Lalith, restraining him, his employees, agents, workers and clients and anyone claiming under him, directly […]
Important notice for SriLankan Airlines passengers travelling to UK
SriLankan Airlines informs their customers that effective 0400hrs (UK Time) on Tuesday 8th June 2021, Sri Lanka will move to the “red list” of countries entering the United Kingdom. Passengers who have already booked their travel on next three flights to London UL 503 on 05th, 06th, and 07th June will not be affected by […]
WindForce declares over 1 bn dividends with a strong performance
WindForce Limited, which listed on the CSE this year, displayed a strong performance for the year 2020/21. The company declared an interim dividend of LKR 1,013 million for 21/22, which corresponds to a dividend per share of 0.75 LKR, yielding a return of 4.7% to shareholders. Performance in 2021 will receive a boost from the […]
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Fitch Ratings has assigned Singer Finance (Lanka) PLC’s (SFL, A+(lka)/Stable) Sri Lanka rupee-denominated subordinated unsecured debentures a final national long-term rating of ‘A-(lka)’. The assignment of the final rating follows the receipt of documents conforming to information previously received. The final rating is in line with the expected rating assigned on 22 March 2021. The […]
No disruptions to daily lives: Extend assistance to maintain industries and development: President
President Gotabaya Rajapaksa says that the Governors and District Secretaries should personally intervene to maintain essential services and prevent any disruption to the lives of the people. The President said that despite the current situation, the country’s economy could not be allowed to collapse and that the contribution of all stakeholders was needed to overcome […]
”; outlook stable
Fitch Ratings has upgraded the National Insurer Financial Strength (IFS) Ratings of Sri Lanka-based life insurer, HNB Assurance PLC (HNBA), and its fully owned non-life subsidiary, HNB General Insurance Limited (HNBGI), to ‘A+(lka)’, from ‘A(lka)’. The Outlooks are Stable. KEY RATING DRIVERS The upgrade reflects the insurers’ improved capital position, as measured by strong regulatory […]
President instructs to tow ‘X-PRESS PEARL’ vessel into deep seas
Sri Lanka’s President Gotabaya Rajapaksa has instructed officials a short while ago to tow the X-PRESS PEARL container ship into deep seas off the Colombo Harbour. The decision comes following a meeting with high level officials and the President. Minister of Ports and Shipping Rohitha Abeygunawardena Tuesday informed the President of all details surrounding the […]
Govt and ADB sign USD200Mn loan agreement for rural road development
The Asian Development Bank (ADB) and the Government of Sri Lanka recently signed a $200 million loan agreement for the Second Integrated Road Investment Program Tranche 3 to continue ADB’s assistance to upgrade Sri Lanka’s rural road network connecting vast rural populations to jobs and services. “Economic growth is hindered by poor transport infrastructure, particularly […]
Members appointed to Colombo Port City Economic Commission
President Gotabaya Rajapaksa has appointed the members to the Colombo Port City Economic Commission, the President’s Media Division said. The Commission is Chaired by Gamini Marapana PC and the other members of the Commission are, 01- Secretary to the Treasury, S. R. Attygalle 02- Water Supply Ministry Secretary Dr. Priyath Bandu Wickrama 03- Former Board […]
MV X-Press Pearl: Draught remains steady & no trim observes; SLPA clarifies its position
Indian High Commission in Sri Lanka says that relentless efforts by the teams from India and Sri Lanka are matched by incremental results as the draught of MV X-Press Pearl remains steady and no list or trim is observed. Meanwhile, the Sri Lanka Ports Authority releasing a statement clarified its position regarding the sudden fire […]
Second stock of Sinopharm added to vaccination drive from today
President Gotabaya Rajapaksa has instructed that the second stock of 500,000 Sinopharm vaccine doses received as a gift from the Chinese Government, be used in the vaccination drive from today (26). Accordingly, plans have been made to distribute the vaccines among several districts based on priorities recommended by the health sector. The SriLankan Airlines flight […]
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 […]