2022 – Page 514 – FrontPage

Taliban sign deal with UAE to run Afghan airports

BusinessTags: Print EditionThe Taliban have signed an agreement with the United Arab Emirates on operating airports in Afghanistan, the group’s transportation and civil aviation minister said on Tuesday, after months of talks with the…
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Sunshine Holdings posts consolidated revenue of Rs. 32.2 bn, up by 32.2% YoY

BusinessChairman Amal CabraalTags: Print EditionSunshine Holdings PLC reported impressive growth in top and bottom-line performances for the year ended 31st March 2022 (FY21/22). During this year, the Group posted consolidated revenue…
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‘Palm oil industry could positively impact economy’

BusinessTags: Print EditionSri Lanka’s palm oil industry is a relatively small one, but it is in a position to have a larger positive impact on the economic future of our country and is ready to support the economy and government to…
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Food inflation hits 57.4% in May

BusinessTags: Print EditionHeadline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100) increased to 39.1% in May 2022 from 29.8% in April 2022. This increase in Y-o-Y…
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Records Rs. 77.8 bn PAT for FY 21-22

LOLC Group records historic profitabilityBusinessDeputy Chairman Ishara Nanayakkara and Group Managing Director/CEO, Kapila JayawardenaTags: Print EditionLOLC Group recorded an upsurge in profits by as much as 46% over the previous…
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SLPA receives 18 investment proposals

Development of Galle Port BusinessShirajiv SirimaneTags: Print EditionSri Lankan Port Authority (SLPA) has received 18 proposals from global and local investors for the proposed development of the Galle Port, Chairman SLPA Dr.…
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VAT increase to crush demand – First Capital

BusinessTags: Print EditionThe decision to increase VAT rate from 8% to 12.% will increase prices of goods and services, causing consumer demand to decline. Moreover, the decision to increase the Telecommunication levy from 11.25% to…
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Sasakawa Trust to open Rs. 3 bn headquarters in 30 months

BusinessTags: Print EditionGiving confidence to the building industry where the current uncertainty in the economy has driven the industry to crossroads, the Rs. 3 billion office complex of Sasakawa Trust’ was unveiled at Colombo 7 on…
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Macksons Paints awarded at Architect 2022 exhibition

BusinessDirector Marketing of Macksons Holdings Aqla Mizver and the Multilac team with the awardsTags: Print EditionMacksons Paints Lanka (Pvt) Limited, home to Sri Lanka’s pioneering Heritage Brand Multilac paints, was bestowed with…
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