Tag: lbo
A sip of History: The enduring legacy of Dambatenne estate
Nestled in the misty hills of Sri Lanka’s Uva Province is a living piece of Pure Ceylon Tea history in the form of Dambatenne Estate. Sprawling across the verdant slopes of Haputale, this iconic estate holds the legacy of one of the most famous names in tea—Sir Thomas Lipton. Dambatenne estate is a place where […]
‘s coconut industry
In a move to bolster Sri Lanka’s coconut industry, CBL Global Foods Limited (CBL GFL) a key player in Sri Lanka’s agribusiness sector and a subsidiary of the CBL Group—one of the leading food conglomerates in the country and the United States Agency for International Development (USAID) have launched a comprehensive handbook on best practices […]
Delmege Insurance Brokers secures number one position in the business
Delmege Insurance Brokers Ltd, a trailblazer in the insurance brokerage sector, has proudly achieved the coveted position of being the highest ranked company in the Overall Insurance Brokering Business according to the Global and local Insurance Outlook 2023 published by the Insurance Regulatory Commission of Sri Lanka. This remarkable milestone underscores the company’s commitment to […]
Sri Lanka swears in new cabinet of Ministers today
Sri Lanka’s new Cabinet of Ministers, under the National People’s Power (NPP) government, was sworn in before President Anura Kumara Dissanayake in Colombo, Monday. The Deputy Ministers will be named later. The NPP’s win is seen as a mandate for anti-corruption efforts and economic reforms, following Dissanayake’s presidential election success. President Anura Kumara Dissanayake has […]
The onslaught of the beedi industry and its impact on Sri Lanka’s economy
Lack of tax collectability results in dampening of government revenue ambitions While Sri Lanka has made notable progress in tobacco control, with policies reducing cigarette consumption, the unchecked growth of the beedi industry presents a mounting threat to the economy. The informal nature of the beedi trade makes it difficult to regulate, allowing it to […]
JKH records continued growth momentum in Q2
Sri Lanka’s John Keells Holdings PLC (JKH) reported continued growth momentum across almost all businesses in the second quarter, a statement showed. The Group revenue in 2Q was up by 20 percent to Rs.76.96 billion with increases across almost all businesses. JKH said the 687-key ‘Cinnamon Life’ hotel, restaurants and banquet facilities commenced operations on […]
Ramp Up 2024: WCIC’s fashion show focuses on empowering Sri Lankan designers
The Women’s Chamber of Industry and Commerce (WCIC) proudly announces ‘Ramp Up! 2024’, a significant fundraiser dedicated to empowering Sri Lankan female designers. Scheduled for 12th November at the Hilton Colombo, this event serves as a vital platform for showcasing the rich talents of local fashion designers and elevating their contributions to the industry. Following […]
CBL Munchee achieves BRC AA+ grade and GPEA ‘World Class’ recognition
Ceylon Biscuits Limited (CBL), Sri Lanka’s leading biscuit manufacturer and the proud owner of flagship brand Munchee, announces its remarkable achievement of securing the coveted BRCGS AA+ certification for the second consecutive year. In addition, CBL has been honored with the highly esteemed Global Performance Excellence Award (GPEA) ‘World Class’ status. Commenting on the achievement, […]
Assetline Finance join hands with BlueOrchard in empowering women entrepreneurs
In a groundbreaking development, Assetline Finance Limited, the flagship company in the financial services cluster of the David Pieris Holdings (Private Limited), one of Sri Lanka’s top conglomerates has secured a senior loan from the Japan ASEAN Women Empowerment Fund (JAWEF) managed by BlueOrchard Finance Ltd, a leading global impact investment manager. This loan marks […]
Eshan Pieris secures championship runner-up in GT World Challenge Asia 2024
The 2024 GT World Challenge Asia season concluded last month with a gripping finale at the Shanghai International Circuit, China. In a weekend filled with challenges and triumphs, Sri Lankan driver Eshan Pieris secured the runner-up position in the Silver Class championship. Pieris consistently showcased his talent and determination in the final race of the […]
Evolving apparel industry models: Hela and Reebok’s partnership to capitalize on verticality
Hela Apparel Holdings PLC, the publicly-listed fashion conglomerate headquartered in Sri Lanka, recently announced an exclusive long-term partnership with Authentic Brands Group to design, manufacture, and sell Reebok-branded outerwear across the UK and Europe. This collaboration marks a significant milestone in expanding the Hela Group’s offering to the fashion industry by fusing its design, manufacturing […]
Sampath Bank strengthens global ties with USD 750Mn investment in SBI syndicated loan
Sampath Bank PLC proudly announces its participation in a significant financial milestone, contributing to the $750 million senior unsecured syndicated term loan facility for the State Bank of India (SBI), facilitated by Mashreq, one of the leading financial institutions in the MENA region. This collaboration highlights Sampath Bank’s commitment to supporting strategic international financing initiatives. […]