The All Island Dairy Association (AIDA) has voiced grave concerns regarding the Sri Lankan government’s proposed increase in the Value Added Tax (VAT) from 15% to 18%, set to take effect on January 1st, 2024. This move, intended to broaden the tax base, could have severe repercussions for the dairy sector, a vital contributor to […]
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The Yancheng Low-Carbon & Smart Energy Industrial Park project has been awarded the 2023 Energy Globe World Award. Also known as the Net Zero Carbon Intelligent Campus project, it is a collaborative effort by the Yancheng Power Supply Company of State Grid Jiangsu and Huawei. The Energy Globe World Award is presented by a panel […]
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hSenid Business Solutions (hBS) released its financial results for the quarter ending on December 31, 2023, reporting a 23 percent year-over-year increase in revenues. The PeoplesHR Cloud business, constituting 76% recurring revenue, remains the primary driver having recorded a 40% growth year-on-year. The Company achieved a critical milestone in its growth journey by surpassing $3 […]
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Janashakthi Insurance PLC, a member of the Janashakthi Group, announces the appointment of Dr. Gehan Gunatilleke as an Independent, Non-Executive Director to the Company’s Board of Directors, effective from 24th January 2024. Dr. Gehan Gunatilleke is an attorney-at-law and a founding partner of LexAG, a law firm based in Colombo. He has previously served as […]
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When Hindenburg Research accused the Adani Group of “brazen stock manipulation” and accounting fraud a year back, it led to a stock market rout that erased about $150 billion in market value at its lowest point. But unlike its previous targets, tycoon Gautam Adani, who was the world’s second-richest man before the damning January 24, […]
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A week-long “Seeds for the future European Grand Finale,” bringing together a select cohort of “Seeds for the Future” alumni hailing from 18 European countries, ended on January 23. Hosted by Huawei Europe, the closing ceremony for the week-long journey showcased the collective achievements of Seeds alumni who had previously attended training programs organized in […]
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Consolidated power sale volume at 21.5 Billion Units (BU) in Q3 FY24, up by 82% from 11.8 BU in Q3 FY23 due to improved power demand and larger installed capacity. Adani Power Ltd. (APL), a part of Adani portfolio companies, recently announced the financial results for the third quarter ended at 31st December 2023. Commenting […]
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Interocean Lubricants (Pvt) Ltd., Sri Lanka’s exclusive distributor and national nominee in Sri Lanka, Maldives and India for Sinopec, a global leader in lubricants, proudly announced the official launch of its distribution network expansion in Jaffna. The momentous event took place at the prestigious North Gate Hotel, marking a significant milestone in the company’s commitment […]
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China Unicom Beijing and Huawei have successfully deployed a pilot large-scale 5.5G network in Beijing to provide continuous coverage in three key areas, including Beijing Financial Street in the city center, the landmark Beijing Long Distance Call Building, and multipurpose Workers’ Stadium. This first-of-its-kind network is expected to become a benchmark for future 5.5 networks […]
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Alumex PLC, a prominent player in the aluminium extrusion industry, capped off an exceptional 2023 year with great successes, clinching over 14 awards in the past year, affirming their leadership in shaping Sri Lanka’s export landscape and commitment to governance, sustainability, and business excellence. At the 25th Presidential Export Awards 2023 Alumex received the coveted […]
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