Pedro Estate situated in Nuwara Eliya has established an all-time record price at this week’s tea auction held on 10 March by securing an attractive price of Rs. 1,450 for a BOP grade selling under the ‘Lovers Leap’ mark. This line of tea was purchased by Mabroc Teas Ltd. Read the full article here.
Continuing to strengthen the farmer co-operative societies in its loyalty network, Dipped Products PLC (DPL) distributed rubber plants to smallholder farmers in the Monaragala District under its flagship sustainability initiative: DPL Firstlight. The plants for the inaugural distribution were sourced from a new nursery established by DPL. Setting in motion plans to continue the initiative…
Top professional Ranil De Silva has been appointed to the Singer Finance PLC Board as an Independent Non-Executive Director with effect from 9 March. He served as the Joint Managing Director of Aitken Spence Hotel Management and as the Managing Director of THE Hemas Hotel Sector and has wide experience locally and overseas in diverse…
Top professional Shamalie Gunawardana has been appointed as an independent Non-Executive Director at Haycarb PLC. L.L.M. (UK) Attorney-at-Law Gunawardana, is currently a joint Managing Partner of Capital City Law-Colombo, a Consultant Senior Legal Advisor to CHEC Port City (Colombo) Ltd., Board Member DFCC Bank PLC and Group Legal Consultant International Distillers Ltd. She is also…
DIMO, one of Sri Lanka’s leading conglomerates and the authorised distributor for Tata Motors Ltd. in Sri Lanka, delivered 7 units of Tata Signa 4018.S Prime Movers to Advantis Projects & Engineering Ltd., Sedawatte recently. Tata Signa 4018.S Prime Movers delivered to Advantis Projects & Engineering Ltd. offer higher power-to-weight ratio and higher torque at…
Somerset Estate, Talawakelle achieved an all-time record price of Rs. 890 on a BOPSp grade in the Western High Grown category, which was sold at the eighth E-Auctions for the year held on 23 February. This line of tea was purchased by St. Clair Teas Ltd. and was auctioned through Forbes & Walker Tea Brokers…
Dipped Products PLC has seen higher sales for its rubber gloves, due to COVID-19-related healthcare requirements. The company, which has glove making facilities in both Sri Lanka and Thailand, along with its tea and rubber plantations, reported revenues of Rs.12.3 billion for the three months to December 31, 2020 (3Q21), up 55 percent from the…
Singer Sri Lanka PLC, the country’s premier consumer durables retailer, in a pioneering virtual launch recently unveiled an all new entertainment product portfolio from Sony including 4K UHD Android Television series, new range of Sony Audio systems, Active Noise Cancellation powered Headphones and range of Sony Sound Bars. The launch event was the first of…
The Hayleys Group said yesterday it has maintained remarkable growth momentum in the first nine months of FY 2020/21, delivering its highest ever pre-tax profit of Rs. 11.51 billion which represents a tripling of profitability compared to the corresponding period of last year. “The performance reflects exceptional growth in the core performance of the Group’s…