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Tokyo Cement’s Investment Expansion a Direct Nod to Government Policy

Tokyo Cement Company (Lanka) PLC recently entered into an investment expansion agreement with the BOI, reflecting their appreciation towards The Government’s farsighted decision to encourage the local manufacturing sector.  The company recently announced plans to increase local...
Posted On 24 Nov 2020
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Standard Chartered releases first Sustainable Finance Impact Report

Colombo, November 2020 – Standard Chartered Bank recently published its first annual Sustainable Finance Impact Report highlighting the Bank’s unique contribution to tackling climate change, and financing dedicated to achieving the United Nations’ Sustainable Development Goals...
Posted On 18 Nov 2020
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Port City Colombo ‘Envision the Future’ competition: ‘Lodiya’ & ‘Wall of Bubbles’ emerge winners

  R. Javaneesan, a student from Jaffna at the University of Moratuwa, crowned in Interactive Wall category for his design, ‘Wall of Bubbles’ ‘Lodiya’ designed by a team from City School of Architecture – Tharindu Perera, Pulasthi Handunge and Viranga Waduge – wins in...
Posted On 17 Nov 2020
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Ocean Lanka Enters into Partnership with Cotton made in Africa (CmiA)

Ocean Lanka Pvt Ltd, Sri Lanka’s largest weft knitted fabric manufacturer, announced that it has entered into a partnership with Cotton made in Africa (CmiA), one of the world’s leading standards for sustainably produced cotton. The recent partnership will see Ocean Lanka further...
Posted On 17 Nov 2020
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~ Unilever Sri Lanka’s Horana based manufacturing facility receives the coveted accreditations~

Reinforces company’s commitment to locally manufacture products to international quality standards.   COLOMBO, SRI LANKA: Unilever Sri Lanka, one of Sri Lanka’s largest fast-moving consumer goods companies, today announced that it has been awarded the coveted ISO 9001...
Posted On 16 Nov 2020
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Forward Conference ‘Cyber Protection from Digital 19 Outbreak” slotted for Dec 2

CAs’ parley with Strategic Insurance Brokers seeks opportunities out of pandemic   The Gold sponsorship of the Chartered Accountants (CAs) National Conference by Strategic Insurance Brokers (Sib)marks a new frontier equal to the launch of the novel concept of a National...
Posted On 16 Nov 2020
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IFC and Australian Government Help Create and Retain Jobs for 12,000 Women in Sri Lanka

Colombo, Sri Lanka —A two-year partnership, known as SheWorks Sri Lanka, has led to a 12 percent increase in the number of women employed by 15 of the country’s leading companies, equating to over 12,000 more women in the workforce.   Initiated by Women in Work, a...
Posted On 15 Nov 2020
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HNB Group posts Rs. 8.8Bn in PAT during first nine months of 2020

  Bank PAT of Rs. 7.7Bn Deposit growth of over Rs. 112Bn Demonstrates stability and resilience with capital and liquidity well above statutory minimum levels Over Rs. 24Bn in working capital loans under Saubhagya scheme as a D-SIB USD 60 Mn long term funding from PROPARCO...
Posted On 14 Nov 2020
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INSEE Ecocycle initiates vital programme to provide nation sustainable waste management solutions for used electrical and electronic equipment

INSEE Ecocycle Lanka (Private) Limited is a fully owned subsidiary of Siam City Cement (Lanka) Limited, and part of the INSEE Group, Southeast Asia‘s leading cement manufacturer with proven expertise in environmental services and waste management, initiated a vital programme...
Posted On 14 Nov 2020
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Emirates Group announces half-year performance for 2020-21

  Group: Revenue down 74% to AED 13.7 billion (US$ 3.7 billion), and loss of AED 14.1 billion (US$ 3.8 billion) after last year’s profit of AED 1.2 billion (US$ 320 million). Results significantly impacted by unprecedented flight and travel restrictions worldwide due to the...
Posted On 13 Nov 2020

CHEC PORT CITY COLOMBO TAKES ALL MEASURES TO PREVENT THE SPREAD OF COVID-19

This is to inform the public that on 11th November 2020, two local workers and four Chinese employed at another CHEC project in Kotahena, Colombo 13 who were temporary residing at one of the accommodation facilities at the Port City Colombo construction site tested positive for...
Posted On 12 Nov 2020
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Resilient financial performance while caring for all our stakeholders

With the COVID – 19 pandemic coming in waves throughout 2020, certain industries have come to a complete standstill causing considerably slower growth in advanced and emerging economies. The first nine months of this year has therefore been one of the most challenging periods in...
Posted On 12 Nov 2020