Use of six plastic based products to be banned from tomorrow

Steps would be taken to ban the production of six types of plastic and polythene based products for local use with effect from tomorrow (31), the Ministry of Environment said. Accordingly, disposable polythene and plastic, PET bottles (PolyEthylene Terephthalate), lunch sheets less than 20 microns, sachets (non-food and non-pharmaceutical), and inflatable toys will come under […]

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Odel to operate Arcade Independence Square

Softlogic Holdings subsidiary Odel PLC has entered entered into an agreement with the Urban Development Authority (UDA) to lease, operate and mange Arcade Independence Square for a period of 10 years commencing from April 1, 2021, with an option to renew for a further 10-year period subject to terms and conditions of the lease agreement. […]

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All BreadTalk outlets to be closed from March 20

R I L Property PLC today said the director board of its wholly owned subsidiary FoodBuzz (Pvt) Ltd. has decided to close all BreadTalk outlets from March 20, 2021 until further notice. The decision was taken due to adverse market conditions stemming from the Easter attacks as well as the ongoing pandemic. BreadTalk, the Singapore-based […]

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Tusker ’Revatha’ dies of electrocution

One of the majestic tuskers ‘Rewatha,’ which was named by Samagi Jana Balawegaya (SJB) leader Sajith Premadasa, was found dead today in a forest reserve in Kekirawa area, the Wildlife Department senior official said. Speaking to the Daily Mirror she said the tusker was found dead after having got caught in a live electric line. […]

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AIIB approves USD 180 mn loan to Sri Lanka

The Asian Infrastructure Investment Bank (AIIB) has approved Sri Lanka’s request for USD 180 million loan for the Covid-19 emergency and crisis response facility to be disbursed through the Bank of Ceylon (USD 90 million) and People’s Bank (USD 90 million), Sri Lankan Embassy in Beijing said. The loan application was submitted in 2019. Sri […]

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Dialog Posts FY 2020 Revenue Growth of 3%

Cashflows Support Rs28.8Bn in Investments and Rs18.8Bn towards GoSL Revenues YTD Revenue Growth at +3%, EBITDA Growth at +9% and NPAT at +12% Recommended Dividend: 50% of Earnings, 74 Cents per Share Rs 6.0Bn in Direct Taxes, Fees and Levies to GoSL: (Further Rs 12.8Bn in Indirect Taxes Rs12.8Bn) Rs 28.8 Bn in High Speed […]

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