Category: Business and Economy

Pelwatte Dairy, which manufactures a range of dairy products locally and helps save valuable foreign exchange for Sri Lanka, was recognized for its contribution as a business leader in Sri Lanka’s dairy sector. Pelwatte Dairy was awarded the International Business Icon Award 2023 (IBIA) by Consortium Members of Medicina Alternativa OIUCM (Alma Ata-1909), during a…

Revenue up to Rs. 4,029 Cr Operational Performance Financial Performance ESG Adani Green Energy Ltd (AGEL), one of South Asia’s largest and fastest growing pure-play renewable energy companies, recently announced their financial results for the quarter, and half year ending on 30th September 2023. revenue has increased by a substantial 66 per cent year-on-year to…

ParentPay Group the leading international education technology company has announced the opening of its new development centre in Sri Lanka. The ParentPay Lanka (Pvt) Ltd. office is conveniently situated in the Elegance Building at No. 2 Rajagiriya Road, Rajagiriya. With more than 1,000 employees worldwide ParentPay Group is also a significant investor in innovation and…

Raja Jewellers, the undisputed monarch of the gold world since its establishment in 1928, has once again demonstrated its unwavering commitment to the Sri Lankan community by celebrating the remarkable achievement of Tharushi Karunarathna, a 19-year-old Sri Lankan athlete who clinched the Gold Medal in the Women’s 800m event at the 19th Asian Games in…

Photo Caption- Hayleys Fentons Team at the Victorious Night of CNCI Achiever Awards 2023 Hayleys Fentons with over a century of excellence in engineering and project management secured the Silver Award in the National Level Service Sector in Extra Large Category at the CNCI Achiever awards organised by the Ceylon National Chamber of Industries (CNCI).…

The transmission line will support India’s decarbonization efforts Adani Energy Solutions Ltd., the largest private sector power transmission company in India, has announced the successful commissioning of the Karur Transmission Ltd (KTL) project. The project includes the establishment of the 400/230 kV, 1000 MVA Karur Pooling Station and an associated transmission line spanning 8.51 circuit…

Huawei announced its business results for the first three quarters of 2023 today. During this period, Huawei generated CNY456.6 billion in revenue, with a year-on-year increase of 2.4% and a net profit margin of 16.0%. “The company’s performance is in line with forecast,” said Ken Hu, Huawei’s Rotating Chairman. “I’d like to thank our customers…

DIMO Agribusinesses, in collaboration with its steadfast partner Mahindra Tractors, has recently unveiled the state-of-the-art Mahindra Yuvo Tech+ 585 tractor, boasting 50 HP, to serve the needs of the Sri Lankan farming community. The introduction of the Mahindra Yuvo Tech+ 585 tractor to the Sri Lankan market took place amidst the picturesque fields of Anuradhapura…

Photo Caption : Newly introduced Bison Boat tractor by DIMO DIMO, a leading diversified conglomerate in Sri Lanka, once again affirms its commitment towards innovation in agriculture with the launch of the country’s first boat tractor, the Bison through its agriculture arm, DIMO Agribusinesses. The Bison Boat Tractor stands out as the only tractor suitable…

Cleantech (Pvt) Ltd., Sri Lanka’s foremost provider of integrated waste management solutions, continues to champion environmental sustainability by showcasing its recent PET bottles and plastic collections at the Book Fair 2023. This initiative, reflecting Cleantech’s unwavering dedication to responsible waste management, highlights the company’s commitment to preserving the environment.   The recent Book Fair, a much-anticipated,…