Sanga and Mahela venture into online grocery retail with Providore Source:FT Kumar Sangakkara and Mahela Jayawardena need no introduction when it comes to the world of cricket. What may be less commonly known is that they are also intrepid entrepreneurs, seeking out meaningful, quality investments to positively impact everyday life. They have personally invested themselves in many successful start-up ventures, their latest being Providore, an online grocery and household marketplace for Sri Lanka. Being familiar with online grocery retail due to frequent overseas travel and having come to appreciate a certain delivery and service standard, Co-founder and Partner Sangakkara stated, “COVID has changed the way most of us live. Working from home, distance learning and video calls are a part of everyday life now, as is taking the necessary precautions for the safety of ourselves, our families and the greater community. So not only was it important to bring safe ...
elanka Finance
Opinion: Positive happenings in Sri Lanka in 2021-By Asela Atukorala Source:LBO Sri Lanka is unfortunately in a sad state right now with its biggest problem being the third wave of the COVID-19 pandemic. There is also the X-Press Pearl ship tragedy which is causing a serious marine environmental disaster as well as the floods and landslides. As a comfort to these difficult times, I decided to provide a list of positive incidents that occurred in Sri Lanka during the first half of this year. As I heard many of these stories from the companies responsible, I would like to say that I have no affiliation with any of these companies. I’m not trying to downplay or deny the problems facing Sri Lanka. I’m showcasing a side of Sri Lanka which gets less attention. I feature stories relating to exports, agriculture, sustainable business, the environment and more. Tea Export Increases The ...
Jul 13, 2021
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Tagged John Keells Group, Kelani Valley Plantations PLC, X-Press Pearl ship
Hambantota International Port’s cargo handling volume increases amidst pandemic Source:LBO As 2021 hits its halfway mark, the Hambantota International Port (HIP) records an overall growth in its volumes and diversification of services. The port’s overall cargo handling volume has increased from 420,421 MT by the end of June 2020, to a significant 1,206,425 MT, during the corresponding period this year. HIP continued its operations without interruption throughout the pandemic and is now seeing the results of experienced port management combined with the dedicated services provided to its customers. RORO volumes as at the end of June 2021 were 413,005 MT as opposed to the 239,827 MT in June 2020. The increase in bulk volumes during the corresponding period was considerable i.e. 578,327 MT in comparison with the 1443 MTs in 2020. Liquid Bulk volumes of LPG, VLSO, and MGO increased from 179,151 MT last year to 215,094 MT. ...
CEB’s immense contribution to promotion of solar power in SL-By Eng. Lanka Perera and Eng. Rohan Seneviratne Even though the Sri Lankan solar industry has matured since its inception, up to now it has primarily been a passive one Source:FT Sri Lanka, being an island situated near the equator, is blessed with a significant amount of solar radiation or sunlight, to be put in plain terms, throughout the country, year around. Looking at this fact and the rapid developments in solar technology, many individuals claim that solar power generation would be Sri Lanka’s best option in achieving its goals in low carbon electricity generation and providing low-cost electricity to the people, in light of the pressing need to meet the growing demand.And there has always been an uproar regarding relevant authorities and professionals either turning a blind eye towards this solar potential lying in front of us or purposefully trying ...
Notable economic recovery by last quarter 2021 – CBSL-by Indunil Hewage Source:Dailynews Sri Lanka’s first quarter growth would be better than expected, Central Bank Governor Prof. W D Lakshman said. Despite the fact that GDP estimates for the first quarter of 2021 have not been released, Governor Prof. Lakshman said Sri Lankan economy is likely to have recorded a higher than expected growth rate in the first quarter of 2021 based on several information such as Index of Industrial Production, Agricultural sector performance and private credit, etc. “We’re pleased to observe positive developments on many fronts particularly during the first quarter. As COVID related lock downs are gradually removed and then with the vaccination drive which is in full force, we expect a notable recovery by the last quarter of the year.” ...
Ideal First Choice introduces the unbeatable and versatile Schwing Stetter Self Loading Mixer to the local market Source:Island Sri Lanka’s premier automotive solutions provider, Ideal Motors (Pvt) Ltd’s subsidiary Ideal First Choice has broken new ground introducing the Schwing Stetter Self Loading Mixer to the local market recently. Ideal First Choice is the sole representative for the equipment, manufactured and distributed by Schwing Stetter India (Pvt) Ltd, a wholly-owned subsidiary of the acclaimed German group, Schwing Stetter. German’s Schwing Stetter with a rich history for over 88 years, and as the world’s leader for concrete construction machines, has located its wholly-owned subsidiary Schwing Stetter India (Pvt) Ltd in Chennai. While Schwing Stetter’s factories are situated worldwide, the group’s entity in Chennai supplies equipment to Sri Lanka was well as 27 countries globally. This factory manufactures and distributes Batching Plant, Truk mixer, Boom Pum etc. ...
Jul 11, 2021
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elanka Finance
Tagged Deputy Chairman Aravinda de Silva, Dilshan Tennekoon, Nalin Welgama, Tokyo Super Mix (Pvt) Ltd
Where we went wrong and the possible course correction-by S. Skandakumar Source:Island Speech before Rotary Club of Colombo Port City by S. Skandakumar former High Commissioner to Australia and Chirman of George Steuart and Co. Ltd. Mr President, let me congratulate you and all members on the inauguration of Rotary Club of Colombo Port City and wish you every success in your noble endeavours ! I was born barely two weeks before Independance and like some of you listening in, lived through it all in my land of birth. What has transpired over those 73 years is common knowledge so let me share why I love my country as I do. At a very young age in a geography class I looked at the world map to see where our country was positioned. I marvelled at the sheer beauty of its outline and location, unmatched by any other country or ...
Creating an Estimated Ecological Wealth of USD 382,362 through a Nature Corridor Source:Island A Model for Forest Landscape Restoration by Dilmah The recently concluded World Environment Day 2021 marked the advent of the ‘decade of restoration,’ where the United Nations calls States to take urgent action to revive our damaged ecosystems. It is an attempt to halt the exploitation of sensitive ecosystems and turn towards healing our environment. In its efforts to foster respect for the environment and encourage harmonious coexistence of man and nature, Dilmah initiated through Dilmah Conservation, a Nature Corridor on Endana Estate, in the Sabaragamuwa Province. The initiative focuses on the restoration and revitalisation of a habitat, by connecting two isolated forest patches located in the vicinity of the Sinharaja Rain Forest. Located on the border of the globally significant Sinharaja Forest Complex, Endana Estate is endowed with many species, both fauna and flora. The estate ...
Jul 11, 2021
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Tagged Endana Tea Estate, Sinharaja Rain Forest
THE WORLD HERITAGE SITES OF SRI LANKA-By EVERYMAN Source:Island It was on July 31, 2010 that UNESCO inscribed The Central Highlands of Sri Lanka comprising Horton Plains, Knuckles Conservation Forest and the Peak Wilderness- Protected Area, as a World Heritage Site. In fact this site was one of the two which were classified by UNESCO as ‘Natural Sites’ the other being Sinharaja Forest Reserve(1988). Horton Plains which is a Wonderland of Nature is undoubtedly the most popular of the three places described under the Central Highlands. Under the shadows of Sri Lanka’s second and third highest mountains, Kirigalpoththa ( 7,854 feet ) and Thotupola ( 7,733 feet ) and at an elevation ranging from 6,900 feet to 7,500 feet lies this chilly, mist covered, 12.2 sq mile undulating plateau which was named in honor of a former colonial governor, Sir Robert Wilmot Horton (1831- 1837) A more descriptive name was ...
Jul 11, 2021
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elanka Finance
Tagged Horton Plains, Important Bird Area, Sinharaja Forest Reserve
John Keells Stock Brokers (JKSB) – Sri Lanka – STOCK MARKET WEEKLY – STOCK MARKET WEEKLY 09-07-2021 Brought to you by – John Keells Stock Brokers (JKSB) John Keells Stock Brokers (JKSB) is a leading equity brokerage house in Sri Lanka and is a subsidiary of John Keells Holdings PLC (JKH), the largest listed entity on the Colombo Stock Exchange (CSE). We are one of 15 founding members of the Colombo Stock Exchange and our history in equity trading dates back to 1896. We are widely regarded in the industry for good governance practices with an emphasis on compliance and regulations. Our core sales and research staff have been engaged with the firm for a period of 10 – 25 years. Over the years this has helped JKSB develop strong and lasting relationships with our core client base of Foreign Funds/Individuals, Local Institutions and HNWI’s. This has contributed to ...
Jul 9, 2021
Posted by eLanka admin In
Articles, elanka Finance
Tagged Colombo Stock Exchange, JKSB, John Keells Holdings, John Keells Stock Brokers
