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James Finlay divests control of Hapugastenne and Udapussellawa Plantations to Browns

Mandatory offer to minority shareholders pending James Finlays, a Scottish Company with a 127-year long presence in Ceylon/Sri Lanka has divested two listed Regional Plantation Companies (RPCs), Hapugasgtenne and Udapusselawa, to Browns Investments PLC which has acquired 89.96% of Hapugastenne at Rs. 28.30 a share and 90% of Udapussellawa at Rs. 42 a share on […]

SkyUp launches charter flights from Ukraine to Hambantota

On Dec 28 the Ukrainian airline SkyUp Airlines made its first flight from Kyiv, the capital of Ukraine, to Hambantota Airport. The charter flight program will last until March 17, 2022 and will provide only the option of a 10-day round-trip departing from Kyiv. The flight lasts 10 hours 40 minutes and provides a technical […]

Planters Ass condemns politically-connected land encroachments at Madampe Estate – Lanka Business Online

The Planters’ Association of Ceylon (PA) strongly condemned a recent incident of forceful and illegal encroachments of estates managed by the Regional Plantation Companies (RPCs), and called on the Government and law enforcement officials to uphold the rule of law in RPC estates. The statement wa

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