Sri Lanka Solar Companies Demand Compensation for Reduced Power Purchases
FINANCIAL CHRONICLE – Solar power producers in Sri Lanka are requesting compensation for reduced power purchases, citing an inability to…
Author: Sienna De Silva
Hayleys of Sri Lanka Launches Rs9 Billion Rights Issue Initiative
FINANCIAL CHRONICLE – Hayleys Plc, a prominent company in Sri Lanka, has announced plans to generate 9 billion rupees through…
Sunshine Holdings Acquires Joint Agri Products Ceylon for Rs 2.6 Billion
Sunshine Holdings PLC has announced the acquisition of a 75% stake in Joint Agri Products Ceylon (Private) Limited (JAPC), a…
Sri Lanka’s CBL Acquires Indonesian Coconut Factory in $25 Million Deal
FINANCIAL CHRONICLE – The Sri Lanka-based food manufacturer, CBL Group, has announced the acquisition of a coconut processing plant in…
Sri Lanka Customs Levies Penalty on Rolls Royce Phantom for Misdeclaration: Sources Report
Sri Lanka Customs has imposed a penalty of approximately 70 million rupees on a recently imported Rolls Royce Phantom Auto…
Sri Lankan Rupee Declines as Bond Yields Hold Steady
The Sri Lankan rupee concluded trading at 309.72/80 against the US dollar in the spot market on Wednesday, slightly depreciating…
Sri Lanka Sees Decline in Treasury Bill Yields Amid Reduced Sale of 12-Month Bills
FINANCIAL CHRONICLE – Data from Sri Lanka’s Public Debt Management Office revealed a decline in Treasury bill yields across most…
Sunshine Holdings to Acquire Majority Stake in Joint Agri Products Ceylon
Sunshine Holdings PLC (SUN), a diversified conglomerate in Sri Lanka, has announced plans to acquire a 75% stake in Joint…
Siddhalepa Ayurveda Expands Global Presence with New Outlet at Katunayake Airport’s Departure Terminal
Siddhalepa Ayurveda, an integral part of the Hettigoda Group of Companies, is pleased to announce the inauguration of its latest…
Sampath Bank Restores 9th Tank of 2025 with Dewagiriya Wewa Project Under ‘Wewata Jeewayak’ Initiative
Sampath Bank has officially commenced the restoration work at Dewagiriya Wewa in Melsiripura, a project inaugurated with the presence of…