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International Accounting Day and the accounting profession in Sri Lanka

Latest news, analysis and opinions from the Daily FT, Sri Lanka s only national business newspaper. .. ....

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Kerner Noland's milestone in game-changing IT pincer move

Latest news, analysis and opinions from the Daily FT, Sri Lanka s only national business newspaper. .. ....

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Hatton Plantations sharpens competitive edge through strategic partnership with Regency Teas

Hatton Plantations sharpens competitive edge through strategic partnership with Regency Teas
ft.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ft.lk Daily Mail and Mail on Sunday newspapers.

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Hatton Plantations sharpens competitive edge through Strategic Partnership with Regency Teas - Adaderana Biz English

Hatton Plantations sharpens competitive edge through Strategic Partnership with Regency Teas
December, 28, 2020
Hatton Plantations (HPL) is entering into a Partnership with Regency Teas, a milestone in the Company’s rapid and remarkable progress. In a share trade off completed this week, Regency Teas has made a strategic investment of Rs.290 million by acquiring close to 30 million Hatton Plantations (HPL) shares from Lotus Renewables (LRE), representing 12.28% of HPL’s share capital, an announcement made to CSE stated.
Lotus Renewables is an energy sector leader in the country, with a diverse company portfolio including HPL. One of Sri Lanka’s largest tea producers, HPL generates close to 10 million kilograms of tea, with 14 estates and 11 factories. Its plantations span is in excess of 7,200 hectares of land, and its premium quality high grown teas are grown in estate elevations reaching 4,800 ft above sea level. ....

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Daily Mirror - Rating agencies and doomsayers: Exaggerating obvious and wishing for a downfall?

The global economy is going through its toughest episode in its recent history. The COVID-19 pandemic has caused a sharp global economic downturn and disrupted societies in an unprecedented manner. Governments across the world have taken decisive steps to address the economic and social consequences of the pandemic, with differing degrees of success.
In spite of the extremely adverse conditions imposed by COVID-19, the proactive policy responses of the Government of Sri Lanka have already resulted in notable achievements. These include improved trade and current account balances, a robust investment pipeline, a positive response by domestic investors, a low interest rate regime and a stable exchange rate. ....

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