Tag: lbo
Sterlingcars.lk – Sri Lanka’s newest online marketplace to buy and sell automobiles
SterlingCars.lk was launched by Sterling Automobiles Lanka Pvt Ltd – one of Sri Lanka’s prominent automobile service providers. SterlingCars.lk is a web platform which aims to provide a marketplace for buying and selling automobiles. The website offers a comprehensive range of vehicles, covering a plethora of makes and models. The design of SterlingCars.lk aims to […]
Trillium launches new Rs.1.2Bn apartment complex in Colombo
Total investment of Rs. 1.2 billion for the project by Trillium. Affordable luxury living in Colombo City Limits – Havelock Town, Colombo 05. A Condominium that allows pets for the first time in history in a pet care facility. Exclusive rooftop pool with all modern amenities. Trillium Havelock Residences – an Ideal investment opportunity. Real […]
Steve Allen appointed to lead dnata’s global operations
The Emirates Group has announced the appointment of Steve Allen as the Executive Vice President of dnata, a global leading air services provider. Steve Allen will be responsible for all dnata’s businesses covering ground handling, catering and travel across six continents. In addition, he will assume responsibility for managing Emirates Group’s relationships with its associated businesses, […]
Sri Lanka vehicle registration down in Jan 2021
Total vehicle registrations recorded 3,256 units in January, down from 4,478 units the previous month and 34,475 units 12 months ago, a new report shows. JB Securities equities research said their database had to be updated for a category called Locally assembled vehicles that were previously NOT in the RMV data feed. In the brand-new […]
Laws still restrict women’s economic opportunities despite progress: Study
Countries are inching toward greater gender equality, but women around the world continue to face laws and regulations that restrict their economic opportunity, with the COVID-19 pandemic creating new challenges to their health, safety, and economic security, a new World Bank report says. Reforms to remove obstacles to women’s economic inclusion have been slow in […]
Veemansa Initiatives’ discussion on ‘external debt situation in Sri Lanka
Delivering the keynote address on the topic, External Debt Situation in Sri Lanka: Our Route to Resolution, the Governor of the Central Bank, Deshamanya Professor W D Lakshman said that despite the COVID-19 pandemic and its impact Sri Lanka will maintain its unblemished records of debt service. The Governor made these comments at the […]
Trees of life: Why worry about deforestation?
By Manadilani Daluwatte – Trustee, Federation of Environmental Organisations, Sri Lanka (FEO) “The death of the forest is the end of our life.” Dorothy Stang Why are forests important? This is a question that we must all focus on now, before it is too late, as much of Sri Lanka’s forests are being destroyed before […]
Spotify Launches in Sri Lanka
Spotify, the world’s most popular audio streaming subscription service, officially launches today in Bangladesh, Pakistan and Sri Lanka, offering a revolutionary music experience tuned to your personal taste. With a worldwide community of more than 345 million monthly active listeners including 155 million Premium subscribers, Spotify will offer a personalized listening experience for local and […]
Economy at a glance for 2020:Double whammy blow
Highlights ICRA Lanka estimates Sri Lanka’s GDP growth rate in 2020 to be -4%. In addition, our estimates indicate industry, services, and agricultural sectors to have contracted by 7.3%, 1.7% and 1.3% respectively. By mid-March the COVID crisis took center stage and the CBSL implemented a series of policy rate cuts further bringing the short-term […]
Ceylinco Life records income of Rs 36.98 billion in 2020
Ceylinco Life has achieved consolidated income of Rs 36.98 billion for FY 2020, demonstrating the Company’s ability to grow business volumes and investment returns even in the most challenging conditions. This top line growth of 15.2 per cent was made possible by Gross Written Premium Income of Rs 22.07 billion for the 12 months ending […]
Trade Finance and Investments amalgamates into Commercial Credit and Finance PLC
Trade Finance and Investments PLC (TFI), a financial service providerhas been amalgamated into one of Sri Lanka’s pioneering finance companies, Commercial Credit and Finance PLC (CCF). The amalgamation, which came into effect from 31st December 2020 was subject to the shareholders of both companies approving the said amalgamation at Extraordinary General Meetings held on 09 […]
Softlogic Life grew 25-pct in 2020 to Rs.15.6Bn; PAT Rs.1.5Bn
Softlogic Life announced that despite all the difficulties associated with a thoroughly disrupted COVID year 2020, the Company grew revenues to record Gross Written Premium (GWP) of Rs. 15.6 billion, an increase of 25% making it the fastest Company to that mark. The strong growth follows a similar 25% growth that was achieved by the […]