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Jaffna International Airport commences commercial flight operations

Country’s third international airport facilitates international flights of a privately-operated local airline for the first time in Sri Lanka Sri Lanka’s third and newest international airport, the Jaffna International Airport (JIA), has commenced international commercial flight...
Posted On 14 Nov 2019
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Haycarb records turnover of Rs. 11.3 billion and profit before tax of Rs. 844.9 million for H1 2019/20

The Sri Lankan multinational Haycarb PLC reported revenue of Rs. 11.3 billion and profit before tax of Rs. 844.9 million for the for the six months ending 30th September 2019. The profit after tax stood at Rs. 656.7 million. Haycarb PLC Managing Director Mr. Rajitha Kariyawasan...
Posted On 07 Nov 2019
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Emirates Group announces half-year performance for 2019-20, with AED 1.2 billion profit, 7.9% increase in passengers carried to Dubai

Group: Revenue down 2% to AED 53.3 billion (US$ 14.5 billion), and profit of AED 1.2 billion (US$ 320 million), up 8%. Results impacted by Dubai International Airport (DXB) runway closure, decline in fuel cost, unfavourable currency movements, and bankruptcy of Thomas Cook....
Posted On 07 Nov 2019
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Dipped Products Group Posts Rs. 15.3 Bn Revenue in 1H 2019/20

Hayleys Group’s subsidiary Dipped Products PLC (DPL), a leader in the global hand protection glove market, reported Rs. 15.3 billion Group turnover for the six months ending September 2019.The Hand Protection sector contributed Rs 8.6 billion to the Group’s top line. The Dipped...
Posted On 06 Nov 2019
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Zesta to revive the Art of Tea with launch of luxury tea boutique at One Galle Face

Sri Lanka’s No.1 branded tea company, Watawala Tea Ceylon Ltd – a subsidiary of the Sunshine Group – is working to drive a renaissance in local and global tea drinking culture with plans to launch a new luxury tea boutique at the One Galle Face Mall opening on the 8th...
Posted On 05 Nov 2019
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Elpitiya Plantations making its mark as the world’s leading sustainable plantation by 2025

Sustainability integrated into the overall business strategy   Steeped in the tradition of harmonious coexistence with nature, Elpitiya Plantations is no stranger to the concept of sustainability.  As one of the leading plantation companies in Sri Lanka, with a diversified...
Posted On 05 Nov 2019
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The European Union fosters sustainable development in Sri Lanka through GSP+

Sri Lanka was readmitted as a beneficiary of the European Union Generalised Scheme of Preferences in mid-May 2017 with the new GSP+ enabling duty free access to the EU market, constituting 28 countries, on 66% of the EU tariff lines for over 6,000 local products. Importantly, the...
Posted On 04 Nov 2019
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Havelock City Commercial Development re-invents urban mobility with Schindler PORT Technology

Overseas Realty (Ceylon) PLC, a very well-known name in Sri Lanka’s real estate development sector, has awarded a contract to supply over 50 high-speed elevators, escalators and moving walks to the Schindler Group, one of the world’s leading providers of mobility solutions....
Posted On 02 Nov 2019
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Prime Grand, Ward Place promises utmost privacy amidst uninterrupted views

Ultra-luxury and privacy focused residencies in the heart of Colombo skyline   Prime Grand, the flagship luxury high-rise condominium project of Prime Group promises the future residents ‘utmost privacy’ in addition to the uninterrupted views of the Colombo skyline, being the...
Posted On 31 Oct 2019
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Tokyo Cement Recognizes Dealers and Partners in Trincomalee Factory Visit

The top performing dealers of the Tokyo Cement Group’s island-wide reseller network were treated to a unique recognition event, which included a Factory Visit and a memorable stay in Trincomalee.  Tokyo Cement Group decided to transform this year’s Annual Dealer Convention in to...
Posted On 31 Oct 2019
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LAUGFS Gas Ensures Uninterrupted Supply of LPG to Both Industrial and Domestic Consumers

- Secures LPG Using its Own Vessels and Terminal Facility - Releasing a statement on the current LPG shortage, LAUGFS Gas PLC revealed the inter-related factors that contributed to the status quo and assured consumers that the Company has been able to secure the required LPG...
Posted On 31 Oct 2019
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Capitol TwinPeaks expected to reduce carbon footprint by 18%

Capitol TwinPeaks, the flagship residential venture of the Sanken Group, located at the up-and-coming, high-end investment location – the Beira Lakefront in Colombo 2, through its sustainable green building concept is expected to have a reduced carbon footprint of 18%, when...
Posted On 30 Oct 2019