Tag: lbo
Opinion: Young entrepreneur finds worth in plastic waste
Pathum’s love towards keeping the environment plastic-free drives his passion for implementing a viable system for waste collection in Sri Lanka Celebrated every year on the 12th of August, Youth Day magnifies the actions of young people who aspire to repair the earth we live in, through their entrepreneurial decisions to solve the world’s most […]
EFL 40th Anniversary: Celebrating milestones and looking to the future
The Environmental Foundation (Guarantee) Limited (EFL), Sri Lanka’s first public interest organization working on environmental protection and conservation celebrated its 40th anniversary on 3rd August. Speaking to mark this special occasion Dr. Eric Wikramanayake, Chairperson of the organization said EFL was incorporated in 1981 to fill a much needed gap of combining the science and […]
ICRA reaffirms issuer rating of Union Bank at [SL] BBB with stable outlook
Rating action ICRA Lanka Limited has reaffirmed the Issuer Rating of Union Bank of Colombo PLC (“UBC”/ “the Bank”) at [SL]BBB (pronounced as S L Triple B) with Stable outlook. Rationale The rating reaffirmation takes into account the strategic and financial support received from Texas Pacific Group (TPG) through its affiliate, Cultural Financial Holdings Ltd […]
Sampath Bank records PAT of Rs.7Bn for first half of 2021
Financial results of Sampath Bank for the 1st Half of 2021 Sampath Bank posted a profit after tax (PAT) of Rs 7 Bn for the first half of 2021, against Rs 3.9 Bn for the same period in 2020. This significant increase of 78.1% in profit after tax was the result of a 16.7% increase […]
”; Outlook stable
Fitch Ratings has assigned Asia Securities (Pvt) Ltd (ASPL) a National Long-Term Rating of ‘BBB-(lka)’. The Outlook is Stable. ASPL is a prominent equity brokerage in Sri Lanka. The company, which was founded in 1990, also offers broker credit services to its clients. KEY RATING DRIVERS The rating on ASPL reflects its franchise as one […]
PUCSL reaches 100-pct success rate in North Central province with consumer mobile service
The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator reached a 100 percent success rate in solving more than 350 electricity consumer issues in North Central Province under its newly launched consumer mobile service programme. “The Public Utilities Commission of Sri Lanka is in the view that officers should go to the […]
Sri Lanka Tourism attracts over USD950Mn in investment despite pandemic
Foreign investment is a key driver of economic growth, as is the revenue generated via tourism. As one of its primary exports, tourism remains Sri Lanka’s calling card to the world. Over the last fifteen months (March 2020-June 2021) the government has attracted over $950 million in investments, dedicated to revitalising the island’s burgeoning tourism […]
Teejay Lanka steps into 2021-22 with improved Q1 performance
Teejay Lanka PLC has made an encouraging start to FY 2021-22 with solid top and bottom line growth in the three months ending 30th June 2021, shrugging off the pandemic-imposed shackles that retarded Q1 growth last year and overcoming the impact of the third wave of COVID-19 on the industry. Sri Lanka’s largest textile manufacturer […]
Airport and Aviation Services ramps up digital transformation with IFS
IFS, the global enterprise applications company, announces that Airport and Aviation Services (Sri Lanka) has successfully implemented IFS Enterprise Resource Planning (ERP) solutions to boost efficiency and transparency across its operations. The business is currently on a journey towards a digital-first infrastructure that embraces modern technology and maximizes productivity. Becoming globally connected and environmentally sustainable […]
SLT introduces e-learning platform for all SLTDA registered tourist guides
As an initiative to uplift the reviving tourism industry in the country, Sri Lanka Tourism Development Authority in collaboration with Sri Lanka Institute of Tourism & Hotel Management (SLITHM) have introduced the continuous professional development (CPD) e-learning platform to all registered guides to enhance their knowledge and skills. The launch of the continuous professional development […]
Singapore-based global non-profit donates beach cleaning machinery to SL
The Marine Environment Protection Authority (MEPA) of Sri Lanka received eight (08) BeachTech Hydro Sweepy beach cleaning machinery worth about US$180,000, donated by Singapore-based global non-profit, the Alliance to End Plastic Waste (Alliance). The donation was formally handed over by Foreign Secretary Admiral Prof. Jayanath Colombage to State Minister of Coast Conservation & Low-Lying Lands […]
Expolanka group reports gross profit of Rs.14.4Bn
259% YoY growth in Group Profit After Tax up to Rs. 6.3 Bn 165% YoY increase in Group revenue up to Rs. 95.7Bn Logistics growth driven by surging retail demand in U.S. Led by vibrant growth in its logistics sector, Expolanka Holdings PLC, delivered another record-breaking performance during the quarter ended 30 June 2021 (Q121). […]