Tag: lbo.lk
INSEE Cement’s 360-degree approach eases cement shortage in Sri Lanka
Uninterrupted supply through comprehensive production, imports and logistics optimization reaps positive results Operating at maximum production capacity with optimized distribution channels for a number of weeks, INSEE Cement has successfully helped to mitigate the cement shortage that was prevailing in the local market. INSEE Cement’s concentrated and immediate contingency measures across its entire operation at […]
INSEE Cement signs MOU with Hambantota Port to improve supply chain efficiency
The Hambantota International Port Group (HIPG) today signed an agreement with INSEE Cement, the leading cement manufacturing company in Sri Lanka, to ensure the efficient transfer of raw materials to their factory in Galle, via the Hambantota Port. This will have a positive impact on the operational efficiency. The agreement was signed between Gustavo Navarro, […]
“Dark future looming as foreign reserve drop to USD 1.5Bn, lowest in history” Eran
The opposition alleged in Parliament that foreign reserves have dropped to US 1.5 billion dollars which included the gold reserves of US 300 million dollars. The Govt. did not refute the opposition claim that the available cash reserve was only USD 1.5 billion less than one month’s import payment, lowest in history. He told a […]
Sarvodaya Development Finance IPO oversubscribed on opening day
Sarvodaya Development Finance’s (SDF) Rs. 1 billion Initial Public Offering (IPO) was oversubscribed on the initial opening day, the company secretary said issuing a statement within two hours of the opening. Underwritten by NDB Bank and Sampath Bank, the IPO was aimed at raising Rs. 1 billion, through 45 million ordinary voting shares at a […]
Cattle slaughter ban: It’s not intentions but consequences that matter
By Sathya Karunarathne and Pravena Yogendra The cabinet of Ministers approved the Bill to amend laws to ban cattle slaughter in the third week of October. While this is a contentious policy measure, it did not come as a surprise as the Prime Minister proposed the same policy just over a year ago in September […]
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 […]
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 […]
Resilience in diversity: Financing nature and biodiversity
2021, a pivotal year for people and the planet. Greece, Turkey and California were aflame in heatwave induced wildfires, Canada was caught under a heat dome and a year’s worth of rain poured over Germany, Belgium, China and Sudan within a couple of days- devastating communities with floods in its wake. The message is clear, […]