Haycarb PLC has announced plans to set up an activated carbon manufacturing plant in the Philippines with an initial investment of $8 million. According to a disclosure to the Colombo Stock Exchange, the fully owned subsidiary, Haycarb Philippines Corporation, has received approval from the Board of Investments (BOI) of the Philippines to establish the facility
BioMar, a global leader in sustainable aquaculture feed solutions, has deepened its partnership with Fortude, a global digital solutions provider, to transition its operations to the Infor CloudSuite Food & Beverage platform. This collaboration marks a significant milestone in BioMar’s journey toward becoming an agile and digitised enterprise. Operating with 17 production facilities worldwide, BioMar
Cinnamon Life, the latest lifestyle venture by John Keells, officially opened in Colombo yesterday, marking a significant moment for the city. Designed by world-renowned Sri Lankan-born architect Cecil Balmond, the $1.2 billion integrated resort is set to position Colombo as a major global hub for business, leisure, and entertainment. The sprawling five million square foot
LOLC Group is set to make a Rs. 3 billion takeover bid for Sierra Cables following the acquisition of a 30% stake in the company. The move comes after Browns Investments PLC, the strategic arm of LOLC Group, through its wholly owned subsidiary Iconic Trust Ltd., purchased 6.65 million shares of Sierra Cables at Rs.