Business & Economy Archives - Page 148 of 834

August 16, 2024

Hayleys Solar, the renewable energy arm of Hayleys Fentons, is proud to mark a critical milestone in Sri Lanka’s transition to sustainable manufacturing. Through its partnership with Dipped Products PLC (DPL), a global leader in protective handwear, Hayleys Solar has equipped DPL’s four manufacturing facilities in the country with a total solar capacity of 3.66MWp. […]

August 16, 2024

The Rootcode Foundation opened a computer lab at Mawathgama Kanishta Vidyalaya on August 4, 2024. This was the second school adopted by the Rootcode Foundation, which continues its mission to empower underprivileged children through technology education. The Rootcode Foundation, the impact arm of Rootcode, is dedicated to transforming underprivileged schools through the power […]

August 16, 2024

Launches new initiative to enhance financial literacy and enterprise acumen of the next generation of Sri Lankans The Commercial Bank of Ceylon is rolling out a new initiative called ‘Diribala Next Gen School Entrepreneurship Grooming Programme’ with the objective of empowering school entrepreneurship and fostering a transformative mindset among school entrepreneurship circles. The […]

August 16, 2024

SLT-MOBITEL, the National ICT Solutions Provider, has reported moderate revenue growth for the first half of 2024, while demonstrating savings through cost management initiatives. The 1H 2024 performance establishes SLT-MOBITEL’s resilience and adaptability in a challenging market environment. The moderate revenue growth, coupled with successful cost-saving initiatives, has led to notable improvements. The Group’s revenue […]

August 16, 2024

In Sri Lanka, the momentum towards a robust digital economy is accelerating, fuelled by the innovative contributions of young ICT talents. State universities play a key role in this transformation, equipping students with the necessary resources and platforms to excel in the rapidly evolving technology sector. This supportive environment allows Sri Lankan students to showcase […]

August 16, 2024

The Ambassador of China to Bangladesh Mr. Yao Wen paid his maiden courtesy call on the Foreign Adviser Md. Touhid Hossain on 14 August 2024 Wednesday at Ministry of Foreign Affairs, Dhaka. Ambassador Yao Wen congratulated the Foreign Adviser for assumption of this charge and reiterated China’s commitment of good neighborliness and friendship with all […]

August 16, 2024

The Commercial Bank of Ceylon PLC has announced that it has successfully completed the largest rights issue to date by a bank in Sri Lanka, raising Rs 22.54 billion to increase the Tier I and total capital of the Bank to accommodate and facilitate future business growth. The Bank offered holders of ordinary […]

August 16, 2024

High Commissioner of India Mr. Pranay Verma paid a courtesy call on the Adviser for Foreign Affairs of the interim Government of Bangladesh Mr. Md. Touhid Hossain on 14 August 2024 Wednesday at Ministry of Foreign Affairs, Dhaka. During the meeting, Adviser for Foreign Affairs briefed the High Commissioner about the current situation in Bangladesh. […]

August 15, 2024

WindForce PLC, Sri Lanka’s leader in the renewable energy sector, has announced an outstanding financial performance for the first quarter of the 2024/25 fiscal year. The company reported a robust 87% surge in EBITDA reaching LKR 1.95 billion, a significant leap from LKR 1 billion in the same period last year. This remarkable growth highlights […]

August 15, 2024

First Capital Holdings PLC (the Group) reported a Profit After Tax of Rs. 582 million for the quarter ended 30 June 2024, compared to Rs. 2.8 billion in the same period last year. This performance marks a significant achievement reflecting the Group’s strategic agility amidst the uncertain and challenging political and macroeconomic environment characterized by […]

Hayleys Solar Powers Dipped Products PLC’s Sustainability Journey Across 4 Sites

Rootcode Opens Second Computer Lab to Empower Students

ComBank takes entrepreneurship development to schools under ‘Diribala’

Despite challenges in the market, SLT-MOBITEL reports moderate revenue growth in 1H 2024

Sri Lankan Students Shine on Global Stage at Huawei ICT Competition 2023–2024

China High Commissioner Courtesy call on Foreign Affairs Adviser

ComBank raises Rs 22.54 bn. from shareholders via biggest rights issue by a local bank

Indian High Commissioner Met Foreign Affairs Adviser in Dhaka

WindForce Soars to New Heights: Stellar Quarterly Performance

First Capital Holdings Delivers Profitable Start to FY24/25