Tag: lbo
Fortude Ignite WomenTech internship 2024 empowers future tech leaders
The Fortude WomenTech Internship 2024, which commenced in August2024 following a selection from over 1,400 applications, marked two intense weeks of immersive learning. Aligned with Fortude’s objective of achieving a balanced gender representation by 2027, the Ignite internship program serves as a testament to the company’s commitment to equal opportunities, ensuring growth and development for […]
Sri Lanka’s Industries call for reduction in water tariffs to boost competitiveness
A collective of trade associations including the Joint Apparel Association Forum (JAAF), the Federation of Chambers of Commerce and Industry in Sri Lanka (FCCISL), the European Chamber of Commerce in Sri Lanka (ECCSL), the Exporters Association of Sri Lanka (EASL), the International Chamber of Commerce Sri Lanka (ICCSL), and the National Chamber of Exporters (NCE), […]
WISTA Sri Lanka marks decade of empowering women
WISTA Sri Lanka celebrated its 10th anniversary with a dynamic keynote discussion on ‘Charting the Course of Success in a Disruptive World’ featuring the renowned global transformation thought leader, Karen Leong at the event held at the Cinnamon Grand Colombo this week. Established in 2014, WISTA Sri Lanka was initiated with the goal of providing […]
WISTA hosts Karen Leong for keynote on transformative leadership
In a rapidly evolving world marked by technological advancements, geopolitical uncertainties, shifting customer expectations, and significant workplace transformations, the need for transformative leadership has never been more critical. The Women’s International Shipping & Trading Association (WISTA) Sri Lanka, celebrating its 10th anniversary, is set to address these pressing challenges with a significant event titled ‘Charting […]
SJB unveils digital policy for Sri Lanka
National Digitization policy of the future SJB government was unveiled by the Leader of Opposition Sajith Premadasa accompanied by Parliamentarians Eran Wickrmaratne and Professor G.L Pieris with the participation of host of academia in the relevant sphere of Information Technology and Artificial Intelligence. The launching of Digital policy for Sri Lanka by the future SJB government was […]
Teejay knits resilient start to 2024-25 with profit turnaround in Q1
Strategic responses to challenges facing the textile manufacturing industry have generated a positive start to 2024-25 for Teejay Lanka PLC, Sri Lanka’s first multinational textile manufacturer. The Group has reported profit before tax of Rs 273.7 million for the three months ending 30 th June 2024, reversing a loss of Rs 701 million in the […]
ADB approves USD100Mn policy-based loan support for power sector reforms in Sri Lanka
The Asian Development Bank (ADB) and the Government of Sri Lanka signed a loan agreement for US$100 million on Monday (5 August 2024) for subprogram 1 of a policy-based loan (PBL) to support and facilitate reforms aimed at enhancing the financial sustainability of the power sector in Sri Lanka. This loan is part of a broader […]
Sunshine Holdings sustains growth momentum in 1QFY25
Diversified conglomerate Sunshine Holdings PLC (CSE: SUN) continued demonstrating resilience amidst prevailing macroeconomic conditions, reporting a topline growth of 6.5% YoY. The Group recorded a consolidated revenue of Rs.14.2 billion during the first quarter of the current financial year (1QFY25), with Profit after tax (PAT) contracting by 3.6% YoY to Rs.1.4 billion. The revenue increase […]
Central Bank of Sri Lanka publishes its inaugural market operations report
The Central Bank of Sri Lanka (the Central Bank) released its inaugural Market Operations Report (MOR) with the aim of enhancing awareness and knowledge among the stakeholders on monetary operations carried out by the Central Bank in line with the prevailing monetary policy stance. The MOR would be a catalyst to improve transparency and accountability […]
Port City Economic Commission Act to be amended to enhance global competitiveness
The Cabinet of Ministers has approved the proposal presented by the President in his capacity as the Minister of Investment Promotion to instruct the Legal Draftsman to prepare a bill for amendment of Port City Economic Commission Act No 11 of 2021 inclusion of relevant amendments. The necessity has been identified to amend the Port […]
JKH records EBITDA of Rs.7.7Bn in Q1 2024/25, down 13-pct from year ago
Summarised below are the key operational and financial highlights of our performance during the quarter under review: Group EBITDA in the first quarter of 2024/25 recorded a decrease of 13% against the corresponding period of the previous financial year to Rs.7.70 billion. Group EBITDA includes substantial pre-opening costs pertaining to the ramp-up associated with […]
Thilak Piyadigama takes the helm at WEBXPAY
In a strategic move towards advancing digital payment solutions in Sri Lanka, WEBXPAY welcomes Thilak Piyadigama, a veteran with over three decades of experience in banking and technology, as its new Executive Chairman. Piyadigama is set to lead WEBXPAY into a new era of digital payment innovation, with a focus on enhancing financial inclusion and […]