Tag: lbo
WindForce, Lakdhanavi & Singapore firm join forces on 100 MW renewable energy project with USD152Mn investment
WindForce PLC – Sri Lanka’s leader in renewable energy, in partnership with Lakdhanavi – the leading Independent Power Producer (IPP) in Sri Lanka, and The Blue Circle – a Singapore-based investment firm focused on renewable energy, has formed a consortium set to embark on a transformative power generation project that will reshape Sri Lanka’s renewable […]
HNB partners with JICA for sustainable socio-economic development in Sri Lanka
Working towards a shared objective of sustainable socio-economic development in Sri Lanka, Sri Lanka’s leading private sector bank HNB PLC has partnered with the Japan International Cooperation Agency (JICA). Through the partnership, JICA – Japan’s Official Development Assistance (ODA) executing agency – will leverage its experience as a long-standing development partner to the island nation, […]
SriLankan Airlines relaunches flights to Jeddah
SriLankan Airlines has relaunched direct flights from Colombo to Jeddah with a thrice weekly service every Tuesday, Wednesday and Sunday. SriLankan Airlines is currently the only carrier to offer a non-stop flight schedule between the two cities, opening a convenient gateway to the holy cities of Makkah and Madinah for Umrah pilgrims in Sri Lanka […]
Dipped Products sets standard for sustainable growth: Launches ESG roadmap ‘DPL Pulse’
Export manufacturer of hand protection solutions and member of the Hayleys Group, Dipped Products PLC (DPL), announced the launch of its new ESG roadmap ‘DPL Pulse’. ‘DPL Pulse’ builds on the environmental and social consciousness already rooted within the organisation and aligns with the Hayleys Group’s long-term sustainability aspirations as outlined in the Hayleys Lifecode. […]
Sampath Bank reports profit before tax of Rs 13.2 Bn
Financial Highlights During the first half of 2023, Sampath Bank reported robust financial performance, with a profit before tax (PBT) of Rs 13.2 Bn and a profit after tax (PAT) of Rs 7.7 Bn, representing growth of 46.6% and 8.1% respectively compared to 1H 2022. Key financial highlights for 1H 2023 compared to the same […]
First Capital reports profits of Rs. 2.8Bn
First Capital Holdings PLC (the Group) announces its outstanding financial performance for the first quarter ended June 30, 2023. The Group reported an impressive Profit after Tax of Rs. 2.81 billion, marking a remarkable leap from Rs. 96 million recorded in the same period last year. Among the key divisions, the Primary Dealer segment demonstrated […]
CCC promotes responsible investment practices with webinar on sustainability standards for ESG financing
Aiming to create awareness about the growing significance of sustainable development and Environmental, Social, and Governance (ESG) financing, The Ceylon Chamber of Commerce recently conducted a webinar on ESG Financing and the impact of sustainability standards in the financial sector on access to finance for businesses. The session aimed to enhance the knowledge and understanding […]
CSE successfully concludes invest Sri Lanka investor forum in Chennai
The “Invest Sri Lanka” Investor Forum, which was organized by the Colombo Stock Exchange (CSE) in association with the Confederation of the Indian Industry (CII), was concluded successfully on 9th August 2023 in Chennai, at the Taj Coromandel Hotel. The forum made a strong case for investment flows into Sri Lanka. The forum witnessed a […]
Hayleys Plantations pioneers sustainable tea tourism, signs MOU with Pekoe trail
Hayleys Plantations, a member of Sri Lanka’s largest and most diversified conglomerate the Hayleys Group, has embarked on an exciting partnership with “The Pekoe Trail,” a visionary sustainable initiative aimed at revitalising the country’s tourism sector. Comprising three major Regional Plantation Companies (RPCs), namely Kelani Valley Plantations PLC (KVPL), Talawakelle Tea Estates PLC (TTEL), and […]
CSE and stockbroker firms take lead in attracting Indian firms
“Invest Sri Lanka” is a series of forums organized by the Colombo Stock Exchange (CSE) in partnership with Stock Broker Firms, to promote foreign portfolio investment into the Sri Lankan Stock Market by showcasing investment opportunities in leading Sri Lankan listed companies. The investor forums have previously conducted in key foreign markets, including the UK, […]
Embarking on ‘Green RoadTrip’ seeking environmental justice
The inaugural session of the ‘Green Roadtrip’, a project to mobilize communities for environmental justice across the country was successfully held recently in Colombo. This series of events will be implemented by the Centre for Environmental Law and Policy of the University of Colombo, through the Support to Justice Sector Project (JURE), funded by the European Union […]
SJB will invest more in soft infrastructure such as health and education: Eran
SJB MP Eran Wickramaratne said that the health sector has become a death trap for patients. Importation of inferior medicine in the guise of emergency purchasing and non-functioning medical, surgical and other test equipment in hospitals (the government has no money to invest in the health sector) has pushed the health services in to abyss. […]