Business and Economy (Page 90)

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First Capital Treasuries PLC and Lanka Rating Agency Ltd (LRA) are pleased to jointly announce the upgrade of First Capital Treasuries PLC’s credit rating to ‘A+’ from ‘A’, reflecting the company’s strengthened financial position, robust risk management practices, and continued excellence in Sri Lanka’s capital markets. The rating upgrade comesContinue Reading

Sign Partnership for Marine Propulsion and Power Solutions Hayleys Power Limited, a subsidiary of Sri Lanka’s largest and most diversified conglomerate Hayleys, has entered into a partnership with world-leading Japanese multinational group, Mitsubishi Heavy Industries, becoming the authorised distributor for Mitsubishi marine engines in Sri Lanka.  This collaboration marks aContinue Reading

Tata Motors, India’s leading automobile manufacturer and the pioneer of sustainable mobility, along with DIMO, the authority in Automotive Excellence for over 85 years and the sole authorized distributor for Tata Motors in Sri Lanka, launched the all–new range of passenger vehicles (including Internal Combustion Engine (ICE) vehicles and ElectricContinue Reading

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Significant Electricity Savings of 31% in Monthly Electricity Bill The University of Peradeniya’s Engineering and Arts faculties are now powered by a 1.2 MWp solar installation, completed and installed by Hayleys Solar, the renewable energy arm of Hayleys Fentons Limited. The project marks a significant milestone in the university’s sustainabilityContinue Reading