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Sarvodaya Development Finance and DIMO boosts local agriculture with Mahindra & Mahindra tractor offer

Sarvodaya Development Finance (SDF), a licensed Finance Company approved by the Central Bank of Sri Lanka, has entered into a partnership with Diesel & Motor Engineering PLC (DIMO) for financing of all Mahindra & Mahindra tractors imported and sold by the automotive...
Posted On 16 Sep 2019
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Capitol TwinPeaks boosts expat segment confidence in Sri Lanka real estate

Capitol TwinPeaks, the flagship residential venture of the Sanken Group, located on the Beira lakefront in Colombo 2, has recorded an increase in Sri Lankan expatriate interest in both the residential project, as well as Central Colombo’s luxury apartment market segment. Speaking...
Posted On 12 Sep 2019
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Prime residencies deliver 32 luxury apartment complexes in Colombo and suburbs since 2014

Sri Lanka’s most prolific and trusted property developer, Prime Group has been offering elegance, luxury and convenient access to Colombo’s prominent localities and its metropolitan lifestyle to property buyers since 2014, by completing and delivering 32 luxury apartment...
Posted On 12 Sep 2019
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Sri Lanka appoints Ranjith Priyalal de silva as the new Honorary Consul in Botswana

The High Commissioner of Sri Lanka in Pretoria, Kumar Mallimaratchi presented the Commission of Appointment to the newly appointed Honorary Consul of Sri Lanka in Botswana, Ranjith Priyalal de Silva on 26 August 2019 at a meeting held in the High Commission of Sri Lanka in...
Posted On 03 Sep 2019
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Industry experts call for shift in policy focus at Future of Condominium Living seminar

Land scarcity, increasing land prices, and high population density are all decisive factors arguing for condominiums as the solution to Colombo’s growing housing problem. In a speech at the Future of Condominium Living in Sri Lanka seminar held on Wednesday 21 August, Nayana...
Posted On 31 Aug 2019

Dr. Hans Wijayasuriya to deliver keynote address at 165th AGM of the Planters’ Association of Ceylon

Respected corporate and telco veteran, Dr. Hans Wijayasuriya will be delivering the keynote address at the 165th AGM of the Planters’ Association of Ceylon which is set to take place on the 20th of September 2019 at the Kings Court of the Cinnamon Lakeside, Colombo at 7pm....
Posted On 31 Aug 2019
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Watawala Plantations recognised as Most Respected Plantation Company in Sri Lanka by LMD

Watawala Plantations PLC (CSE: WATA), Sri Lanka’s leading diversified agribusiness company has been recognised as the number one plantation company in Sri Lanka by LMD (Lanka Monthly Digest) Magazine in its 15th ‘Most Respected Entities in Sri Lanka’ edition. In addition to being...
Posted On 31 Aug 2019

Sri Lanka ranked second among countries most affected by extreme weather; Global weather events are increasingly adverse

Despite warning, poor, marginalized and the SMEs’ to lose in relief and compensation, enabling an Easter Sunday like abrupt calamity Sri Lanka ranked second among countries most affected by extreme weather events in 2017 and is expected to see a 1.2 percent annual GDP loss by...
Posted On 29 Aug 2019
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Capitol TwinPeaks, addressed industry pain points at ‘Future of Condominium living in Sri Lanka’ Forum

Rohana Wannigama – Director, Capitol Developers/ Managing Director, Capitol TwinPeaks, the flagship residential venture of the Sanken Group, addressed a panel of industry peers at the ‘Future of Condominium living in Sri Lanka’ on the issues faced by Condominium Developers...
Posted On 29 Aug 2019
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Hayleys PLC records Rs. 52.6 bn turnover in a challenging first quarter of 2019/20

Hayleys PLC, Sri Lanka’s most diversified conglomerate, demonstrated resilience in challenging conditions to record an improvement in turnover and operating performance during the first quarter of the 2019/20 financial year. The Group’s turnover grew by 4% to Rs.52.6 bn during...
Posted On 18 Aug 2019
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Ambeon Group Announces Stellar Performance for FY 2018/19

-          Winning streak and the success story extend into financial year 2018/2019 -          PBT growth of a whopping 118%, revenue growth at 45% -          Major improvements in Operating Cashflow before Working Capital changes surpassing Rs. 1.39 billion across the group for...
Posted On 09 Aug 2019
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Sunshine Holdings’ strong healthcare sector cushions revenue drop from the tea plantation exit

Lower performance in consumer goods and agribusiness sectors has pushed back Sunshine Holdings PLC’s top-line performance growth during the first quarter of the current financial year (1QFY20) as the diversified Sri Lankan conglomerate reported consolidated revenue of Rs. 5.2...
Posted On 09 Aug 2019