Market

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Hayleys revenue up 34% YoY to Rs 219 bn in FY 18/19.

The iconic Sri Lankan multinational, Hayleys PLC, recorded outstanding growth in revenue and operating profits in the financial year ended 31st March 2019 (FY18/19). The Group revenue expanded by 34% YoY to Rs. 219 bn while operating profit before interest increased by 40% YOY to...
Posted On 25 May 2019

Shipping

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Minister inspects the construction of SLPA’s new Maritime Facilitation Center

Honourable Minister of Ports, Shipping & Southern Development Sagala Ratnayaka has made a field visit to inspect the construction of new Administrative Building (Maritime Facilitation Center) of Sri Lanka Ports Authority (SLPA) on 8 July 2019. SLPA will be setting up its new...
Posted On 13 Jul 2019

Enrergy

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The Next Step for Energy Consumers in Sri Lanka

–As energy sources and consumption increases, consumers are looking for more independence– Sri Lanka depends heavily on fossil fuels and hydropower for energy, with more than 90% of the country’s consumed electricity generated from these sources. Coal and Hydropower...
Posted On 14 Jul 2019

Other

AREVA INVESTMENTS (PVT) LTD STRUCTURES A UNIQUE LONG-TERM LISTED DEBENTURE ISSUE FOR PLANTATION SECTOR GIANT – BOGAWANTALAWA TEA ESTATES PLC

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