Business News (242)
United Petroleum Australia to begin Sri Lanka operations by August
editor
United Petroleum Australia, which has entered Sri Lanka's petroleum retail market, will start their operations by the end of July or beginning of August this year, taking over 150 existing fuel stations and building over 50 new stations,
Sri Lanka's State Minister of Technology Kanaka Herath announced that the Telecommunications Regulatory Commission of Sri Lanka or the TRCSL has granted preliminary approval for Starlink to provide satellite-based internet services in Sri Lanka, following a formal public consultation process.
Sri Lanka to establish 10 new botanical gardens across the country
editor
Prime Minister Dinesh Gunawardena says that the government has planned to establish ten botanical gardens based on the climate zones in the country.
Trade Promoters Ltd. proudly celebrates its five-year milestone of revolutionising Maldives’ energy sector through its appointed dealer Electrify Maldives.
SEC says 2024 a challenging year but hope remains for economic growth
editor
The capital market regulator, the Securities and Exchange Commission (SEC), highlighted 2024 would be a challenging year in terms of economic recovery and path to growth but there is hope, as the economy is on the right track.
The Board of Investment claimed that it met annual investment target of $ 1 billion in just three months of the year.
Dialog launches SL’s first smartphone plan with 40% down payment
editor
Dialog Axiata PLC, has introduced ‘Smartphone Plans’ - the nation’s first installment plan, designed to offer all Sri Lankans a convenient and affordable solution for purchasing the latest Android smartphones.
The Auditor General’s office has underscored the need to find over 5000 state-owned vehicles missing from the relevant automobile fleets of state institutions and worth millions of rupees during the past few years.
First Capital Holdings Reports Robust Financial Performance for FY 2023/24
editor
First Capital Holdings PLC (the Group), a leading investment institution, and a member of the Janashakthi Group, announces an outstanding financial performance for the fiscal year ended 31 March 2024, recording a Total Comprehensive Income of Rs. 10.1Bn, a significant increase from Rs. 2.7Bn in the previous year.
The price of Litro domestic LP gas cylinders has been reduced with effect from midnight today (04), according to the Chairman of Litro Gas Muditha Peiris.
More...
Colombo Port’s transshipment growth slows to single digits in April
editor
In April, the Port of Colombo saw its transshipment volume growth slowing down to single digits, after experiencing double-digit growth rates in the past four months, backed by the disruptions in the Red Sea, caused by Yemen’s Houthi rebels.
Sri Lanka Services sector inflows (excluding tourism) in April had amounted to $ 330 million thereby increasing the figure in the first four months of this year to $ 1.15 billion. Comparative data a year ago was $ 280 million and $ 1.05 billion respectively.
Colombo Port’s transshipment growth slows to single digits in April
editor
In April, the Port of Colombo saw its transshipment volume growth slowing down to single digits, after experiencing double-digit growth rates in the past four months, backed by the disruptions in the Red Sea, caused by Yemen’s Houthi rebels.
The Cabinet of Ministers approved calling for Expression of Interest (EoIs) from interested parties to enter into Memorandums of Understanding (MoUs) with the Department of Wildlife Conservation to develop 52 wildlife bungalows.