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“DIMO Agribusinesses” expands footprint in Sri Lanka with third Agri Techno Park

DIMO Agribusinesses, the agriculture arm of DIMO, officially unveiled its third Agri Techno Park in Lindula establishing its presence in the up country region. Located in the up-country wet zone on the Hatton-Nuwara Eliya main road, this 25 acre multi-purpose property is equipped...
Posted On 05 Jul 2020

EFL 3PL unveils Hi-Tech Quality Inspection Center

EFL 3PL, a member of the leading global logistics conglomerate Expolanka Holdings PLC, unveiled a first-of-its-kind Quality Inspection Center for a leading apparel manufacturer and global brand recently. The deployment of modern technology and process re-engineering has enabled...
Posted On 03 Jul 2020
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Iconic Galaxy construction gathers momentum in post-COVID-19 landscape

Leading Indian infrastructure developer Iconic Developments reported that construction of its self-contained luxury apartment complex Iconic Galaxy in Rajagiriya was gathering momentum with the relaxing of lockdown laws in the country. Construction partner MAGA Engineering...
Posted On 03 Jul 2020
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BANK OF CEYLON – EMPOWERING THE SRI LANKAN BUSINESS COMMUNITY IN COVID-19 RECOVERY

As the Sri Lankan business community struggles to recover from the devastating effects of the COVID-19 economic impact, the country’s premier state owned bank, Bank of Ceylon, has reached a milestone in providing the community with a lifeline of recovery. “ Businesses affected by...
Posted On 30 Jun 2020

People’s Bank set to boost small and medium businesses with Rs.15 billion allocation for loans at 6%

In line with the Government’s development programme and with the aim of uplifting the small and medium businesses adversely affected by the COVID-19 pandemic, People’s Bank has introduced a special loan scheme with an interest rate of just 6%. The Bank has allocated...
Posted On 25 Jun 2020
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Sampath Bank Revive Sri Lanka Continues to Power Revival of COVID Impacted Economy

Offers Special Low Interest Business Loans and Gold Loans to Businesses and Individuals Stepping up its assistance to businesses and individuals affected by the global health and economic crisis, Sampath Bank rolled out a host of special business loans and gold loans under its...
Posted On 25 Jun 2020
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Nations Trust Bank PLC launches Rs. 7 Billion “Nations Diriya” fund to support economic revival

Led by their vision of “helping people and businesses by providing financial services and information to achieve their goals and aspirations in a sustainable way”, Nations Trust Bank has identified the importance of assisting adversely affected businesses with a view to...
Posted On 25 Jun 2020
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Rooster Jobs launched to help Sri Lankan businesses steer recruitment during Covid-19

A recruitment platform built to help businesses navigate the ‘new normal’ in the pandemic-struck economy   Rooster Jobs is a free of charge end-to-end recruitment platform and Applicant Tracking System (ATS) designed to help businesses source suitable candidates. The platform was...
Posted On 23 Jun 2020
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Crysbro successfully spearheads export of poultry to the Gulf

Sri Lanka’s premier poultry producer Crysbro, recently spearheaded the export of poultry to the Gulf Cooperation Council (GCC) region. The maiden consignment consisted of 30 metric tonnes of chicken products, which was delivered to Al Hamadi Trading & Cont. LLC; one of...
Posted On 19 Jun 2020
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Hayleys Group delivers profit growth in a challenging year

The Hayleys Group’s geographical and sectoral diversity enabled it to deliver earnings growth in an extremely challenging year, with profit-after-tax increasing by 5% y-o-y and profit attributable to equity holders growing by 40% in 2019/20. Profitability was upheld by the strong...
Posted On 19 Jun 2020

INSEE CEMENT TO RAMP UP ITS GALLE CEMENT PLANT PRODUCTION IN SUPPORT OF THE LOCAL ECONOMY’S FAST RECOVERY PROCESS

Over the years, local cement manufacturers have contributed immensely in enriching the national economy through value additions that support the employment opportunities, upskilling of local construction professionals through continuous training and education provided across all...
Posted On 18 Jun 2020
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SLID Forum discusses Challenges faced by Independent Directors under Covid-19

The Covid-19 outbreak and the economic shutdown it precipitated has created immensely challenging circumstances for Companies. The INED (Independent Non-Executive Directors) Forum of the Sri Lanka Institute of Directors (SLID), which has consistently focused on the role and...
Posted On 17 Jun 2020