Business and Economy (Page 10)

DIMO, a leading diversified conglomerate in Sri Lanka, recently announced the launch of the Tata Motors GenVoltz generator series, a cutting-edge range of power solutions designed to meet the country’s diverse energy needs. This strategic partnership with Tata Motors marks a significant milestone in DIMO’s commitment to providing reliable andContinue Reading

Gold Award in ‘Product and System’ category for pioneering Sri Lanka’s first semi-transparent Solar PV-powered Agrivoltaics Demonstration Project Hayleys Fentons, Sri Lanka’s leading Solar EPC and MEP contractor was honoured with the prestigious Platinum Award for Sustainability Leadership at the CIOB Green Awards. This recognition highlights its pivotal role inContinue Reading

The Australian Border Force marks another momentous occasion by generously giftingSri Lanka Coast Guard (SLCG) three All-terrain Vehicles (ATVs) at a special ceremony in Colombo. The small, motorised, off-highway vehicles are generally used on rough ground and will complement SLCG’s existing land coastal patrol activities. Test driving the ATVs duringContinue Reading

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 politicalContinue Reading

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SLGJA rings alarm bells about the gradual migration of the gem and jewellery industry The Sri Lanka Gem and Jewellery Association (SLGJA), raises growing concern that the imposition of high taxes, including the Value-Added Tax (VAT) is driving businesses in the gem and jewellery industry to be relocated to other,Continue Reading