Category: Other
Sunshine Holdings’ reports PAT Rs.1.7Bn, up 32.3-pct YoY
Feb 17, 2020 (LBO) – Boosted by the divestment of its tea plantations, diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) reported notable growth in bottom-line performances during the first nine months of the current financial year (9MFY20). During this period, the Group posted a consolidated revenue of Rs. 15.8 billion, delivering a 32.3% […]
Ministry of Social Security signs MoU with Cargills & Keells
A Memorandum of Understanding was signed today between a number of parties, on an initiative of the Ministry of Social Security. The event was held at the Auditorium at the Ministry of Social Security and was graced by the presence of the Minister Pavithra Wanniarachchi, the State Minister Tharaka Balasuriya, and senior officials from all […]
Colombo Fashion Week introduces Responsible Meter for garments
Colombo Fashion Week introduces a first-of-its-kind audit system, the Responsible Meter, where every garment presented on the ramp will have a Responsible score making it accountable and transparent. Responsible Meter as it is called was developed in association with the Responsible Fashion Movement (RFM). A special panel appointed by CFW and RFM, trained and briefed […]
Private sector consultation to mobilize domestic investment for SDGs
A private sector consultation has been organised to initiate a dialogue on mobilizing domestic investment for the Sustainable Development Goals (SDGs) by the Ceylon Chamber of Commerce, in collaboration with Janathakshan (GTE) Ltd, and the Centre for Environment and Development (CED). The event will be on 17th February, from 2.00-6.00 pm at the Ground Floor […]
Valentine’s Day offer from SriLankan Airlines
SriLankan Airlines gives you an exciting way of celebrating Valentine’s Day this year with discounted fares of up to 25% off on Business class and 20% off on Economy class fares booked through the airline’s official website Srilankan.com. The discounted tickets can be booked on www.srilankan.com on the 13th and 14th February 2020. Tickets are […]
Proposals for a new constitution presented to President
Feb 14, 2020 (LBO) – A set of proposals containing facts that should be taking into account when formulating a new Constitution was presented to President Gotabaya Rajapaksa. The proposals on new Constitution compiled by the Yuthukama organisation under the theme ‘proposals to formulate a new Constitution for a strong state ‘ was presented to […]
Tribute: Upali Wijewardene 1938 – 1983
February 13, 2020 (LBO) – By: Ranjit Hulugalle On February 13th 1983, Upali Wijewardene’s plane went missing, and the tycoon was thus gone too soon at the tender age of 44. Whilst there are many theories about what happened, the one that I tend to believe is that there was some malfunction in his Lear […]
WFP & S4IG partner to address poor nutrition in Sri Lanka
The United Nations World Food Programme (WFP) and Skills for Inclusive Growth (S4IG), an initiative of the Australian Government, have signed an agreement to work together to promote healthy diets. One of the key features is a collaboration with Supreme Chef, a popular competitive cooking TV show in Sri Lanka. “We are excited to partner […]
Experts suggest blue ocean strategy for Ceylon Tea
Feb 13, 2020 (LBO) – The strategy experts suggest that the Sri Lanka tea industry should consider adopting the blue ocean strategy for it’s profitably and sustainability. The comments were made at a seminar organized by Tea Exporters Association recently under the theme of “Inventing New Horizons for Ceylon Tea” with the objective of finding […]
Haycarb records PBT of Rs1,578mn for 9 months
The Sri Lankan multinational Haycarb PLC reported revenue of Rs. 17.6 billion and profit before tax of Rs. 1,578 million for the nine months ending 31st December 2019. The profit after tax stood at Rs. 1,275 million. Haycarb PLC Managing Director, Mr. Rajitha Kariyawasan said, “the growth in turnover and profitability is attributable to the […]
Chief of Naval Staff of Pakistan Navy visits Hambantota Intl Port
Admiral Zafar Mahmood Abbasi, Chief of Naval Staff of the Pakistan Navy and a delegation of officers visited the Hambantota International Port recently. They were welcomed by CEO of HIPS, Captain Ravi Jayawickreme and briefed on various aspects of the development of the port. (Media Release)
HNB Finance first IPO since January 2018
HNB Finance Limited, a licensed finance company has obtained approval from the Colombo Stock Exchange to list its voting and non-voting ordinary shares. The ordinary voting shares will be listed by way of an IPO via an Offer for Sale of 10mn shares at a price of Rs. 5.70 per share while the ordinary non-voting […]