Bogawantalawa Tea Estates PLC (BTE) has announced the issue of 5 to 7 year, senior, listed, BBB+ rated, unsecured, redeemable, Rs.100/- Debentures, issued at Rs.85/- each, totaling to Rs.850 Million. The issue opening is scheduled for Thursday, 18th of July 2019. Over the last 5...
Posted On 13 Jul 2019

The strategic digital investments shaping the future of productivity at Hayleys Plantations

By Hayleys Plantations Managing Director Dr. Roshan Rajadurai   The perennial challenge that any plantation economy faces is a simple one: how do we improve productivity while keeping our costs under control. Since our plantation industry was first established over 150 years ago,...
Posted On 27 Jun 2019

Q4 FY19 GAAP EPS Up 36% to $1.07 and NON-GAAP EPS Up 23% to $1.16

Operating Income Up 3% in USD and 7% in Constant Currency Redwood Shores, Calif.— Oracle Corporation (NYSE: ORCL) today announced fiscal 2019 Q4 results and fiscal 2019 full year results. Total Quarterly Revenues were $11.1 billion, up 1% in USD and up 4% in constant currency...
Posted On 25 Jun 2019

Crysbro outgrower links grant poultry farmers greater benefit, reduced risk

For cherished Sri Lankan chicken producer Crysbro, the concept of doing good business no longer solely revolves around delivering a product which can be used as a vehicle to drive profit. After 47 years, the company, which is locally renowned for the high quality of its chicken,...
Posted On 18 Jun 2019

Ensuring a sustainable future for the next 50 years of Sri Lanka’s oil palm industry

Immense untapped potential Since its establishment just over 50 years ago with the planting of 68 seedlings on the Nakiyadeniya estate – managed today by Watawala Plantations PLC – oil palm has played an increasingly important role in the Sri Lankan plantation sector....
Posted On 15 Jun 2019

HNB partners with Brown & Co. for offers on agricultural equipment

Sri Lanka’s premier financial solutions provider HNB PLC, announced a partnership with Brown & Company PLC to offer exclusive leasing packages on agricultural vehicles especially for customers in the SME and MSME sectors. The partnership which offers special facilities...
Posted On 28 May 2019

Expolanka Airline Division rebrands as part of expansion plans

Leading GSSA management company is now EAM (Expo Airline Management) Having arrived at its milestone 25-year mark, Expolanka Airline Division has announced that it will embark upon the new era by rebranding itself as EAM (Expo Airline Management). The fresh new name and logo...
Posted On 27 May 2019

Crysbro’s close links with farmers help uplift country’s rural economy

For 47 years, industry-leading and distinctly Sri Lankan chicken producer Crysbro has operated with a view to not only supply this essential meat to homes across the country but also lead and empower. Over time, as Crysbro swelled from a modest family establishment to a firm...
Posted On 25 May 2019

CDB’s profit before taxes surpasses LKR 2.7 Bn – now among Top 5 largest NBFIs

Profit before taxes  up by 34% Strong Asset base of LKR 91.9 Bn Citizens Development Business Finance PLC (CDB) reinforced its dominance as a disruptor in the financial intermediary business in Sri Lanka with its exceptional financial results for FY 2018/19, posting profit before...
Posted On 24 May 2019

US $ 70 million loan facility from the IDA of the World Bank to strengthen services of 134 Local Govt. Authorities

The International Development Association (IDA) of the World Bank has provided a loan facility of USD 70 million to strengthen the service provided   by 134 Local Authorities in the Northern, Eastern, North Central and Uva Provinces under the Local Development Support Project...
Posted On 15 May 2019

INSEE Ecocycle Environmental Services excelled to ship-based waste management.

For the first time in Sri Lanka, INSEE Ecocycle, the waste management subsidiary company of INSEE Cement, recently achieved a milestone when the company conducted a special mega operation.   Never before has an operation of such an extensive size and complexity been carried out...
Posted On 07 May 2019

EFL 3PL looks towards Bots and RPA to stay ahead of the logistics game

Global logistics service provider, Expolanka Freight (Pvt) Ltd. (EFL), has announced that it has implemented its first wave of transformative Robotic Process Automation (RPA) across all its Distribution Centers and Freeport to support day-to-day operations, making it the first...
Posted On 07 May 2019