Achieves strong performance despite third wave impact on leisure sector Group EBITDA, excluding leisure industry group, up 139% to Rs. 5.41 b Group revenue up 80% to Rs. 38.8 b Posts Rs. 1.3 b PBT as against Rs. 2.4 b loss a year earlier JKH bottom line turns positive at Rs. 1.5 b compared to negative Rs. 1.6 b in 1Q FY20 Leisure industry group’s Rs. 649 m … [Read more...] about JKH ups 1Q EBITDA by 496% to Rs. 4.76 b
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New Zealand and Sri Lanka discuss strengthening economic ties
New Zealand and Sri Lanka had talks on strengthening the economic ties between both countries. The first resident High Commissioner of New Zealand to Sri Lanka Michael Appleton paid a courtesy call on State Minister of Regional Cooperation Tharaka Balasuriya, the State Ministry of Regional Cooperation said. Welcoming the new High Commissioner Appleton, the State Minister … [Read more...] about New Zealand and Sri Lanka discuss strengthening economic ties
Campaigns of cruelty | Daily FT
Eleven human rights organisations including global watchdogs Amnesty International and Human Rights Watch have raised the alarm about the continued incarceration of attorney Hejaaz Hizbullah, who has now been held in detention for a year and two months. The rights groups have flagged the indictment filed against Hizbullah in February 2021, alleging that he had … [Read more...] about Campaigns of cruelty | Daily FT
World’s biggest star sapphire cluster in Sri Lanka may fetch up to one billion USD
ECONOMYNEXT – A 2.5 million-carat star sapphire cluster found in Sri Lanka may fetch up to a billion US dollars in the collector market, far beyond carat value of the stone, an official said. National Gem and Jewellery Authority (NGJA) Chairman Thilak Weerasinghe told EconomyNext on Wednesday (28) that experts at the authority have valued the 510kg cluster north of USD 100 … [Read more...] about World’s biggest star sapphire cluster in Sri Lanka may fetch up to one billion USD
Sri Lanka always honors its obligations, tweets President
“We are committed to taking the country forward & creating a strong economy for Sri Lankans, while battling through the pandemic,” he tweeted.Source link … [Read more...] about Sri Lanka always honors its obligations, tweets President
Sri Lanka’s fertilizer, energy reforms ‘very painful’ but healthy: Jayasundera
ECONOMYNEXT – Sri Lanka has taken some “very painful structural adjustments”including shift in fertilizer and fuel price hike under a climate resilience and green economy initiative for a healthy nation, President’s Secretary PB Jayasundera said. President Gotabaya Rajapaksa’s ruling Sri Lanka Podujana Peramuna (SLPP) has faced countrywide protests from its core vote base … [Read more...] about Sri Lanka’s fertilizer, energy reforms ‘very painful’ but healthy: Jayasundera
President urges world to follow SL’s bold organic move at UN Food System Summit
President Gotabaya Rajapaksa President Gotabaya Rajapaksa on Monday expressed hope that more countries would be inspired by Sri Lanka’s bold approach to sustainably transforming its agricultural system to organic agriculture to ensure food security and nutrition for future generations.The President made these remarks addressing the virtual session of the … [Read more...] about President urges world to follow SL’s bold organic move at UN Food System Summit
No barrier for foreign loan repayments – Minister
The Government will settle the biggest installment of US$ 1 Billion due this year for foreign loans obtained by the Government on time, Co-Cabinet spokesman Minister Keheliya Rambukwella said. Media Minister Rambukwella addressing the media conference held to inform the decisions taken at this week’s Cabinet meeting, said the Government has succeeded in managing the country’s … [Read more...] about No barrier for foreign loan repayments – Minister
Sri Lanka cabinet nod for purchase of injection solutions from Chinese joint venture
ECONOMYNEXT – Sri Lanka’s cabinet of ministers has approved a proposal to purchase basic injection solutions from Chinese joint venture Kelun Life Sciences (Pvt) Limited for public sector usage, the cabinet office said. Kelun Life Sciences (Pvt) Limited, a joint venture established between local manufacturer and Chinese company in 2018, has obtained State Pharmaceutical … [Read more...] about Sri Lanka cabinet nod for purchase of injection solutions from Chinese joint venture
Sri Lanka Freedom Party not satisfied with talks with president: Rohana Lakshman
ECONOMYNEXT – The Sri Lanka Freedom Party (SLFP) is not satisfied with the outcome of a meeting with President Gotabaya Rajapaksa held on Monday (26), a party office bearer said. SLFP vice president Prof Rohana Lakshman Piyadasa told EconomyNext Tuesday (27) afternoon that the meeting wasn’t very successful. “Nothing very productive happened [other than] the president agreeing … [Read more...] about Sri Lanka Freedom Party not satisfied with talks with president: Rohana Lakshman