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JEDB looking forward to a profit of Rs. 100 million this year

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By Hiran H.Senewiratne

Sri Lanka’s leading state owned plantation entity, Janatha Estates Development Board (JEDB), expects a Rs 100 million profit this year. ‘Rs 56 million in profit has been recorded until the end of August, which could be considered a big milestone for the institution, JEDB chairman, Rtd. Wing Commander Buwaneka Abeysuriya said.

‘In 2019 JEDB incurred a loss of Rs 1.2 billion and in the year 2020 we were able to bring down the loss to Rs 300 million and subsequently its losses shot up to Rs 400 million due to a subsequent Rs 250 wage hike. In the year 2022 we could make a Rs 100 million profit, which will enable us to penetrate the Chinese and Eastern European export markets, Abeysuriya told The Island Financial Review.

Abeysuriya added: ‘JEDB has 18 estates, which are all Land Reform Commission lease lands that were badly managed by the previous administration. Therefore, I have visited all the tea and rubber estates and found that replanting has not been done for more than two decades for tea estates and all employees are corrupt from top to bottom, so I had to revive the entire institution from scratch.

‘After pulling out all the JEDB files we found that JEDB had two arms, which were JEDB Plantations and JEDB Property Management. From JEDB Property Management we were able to cover a lot of losses and were able to collect Rs 165 million that were due to come to its accounts.

‘At present, JEDB has achieved a profit of Rs 56 million after paying 4000 employees, their salaries, gratuity, FPF, ETF funds and other benefits. We are planning to penetrate the Chinese and Eastern European countries to earn US dollars for our country.

“Earlier, the government treasury had funded us. Now with the diversification of the business we are no more a burden to the government.

‘Apart from that, the company is diversifying into many areas, such as, developing our colonial bungalows as boutique hotels and eco-tourism spots. A nature park has been developed at Rahathungoda, known as “Rock Wood ”, and a plantation bungalow at Nagasthenna, Nawalapitiya, has been converted into a boutique hotel. Further, a fertilizer manufacturing plant has been set up with the research and development assistance of the Peradeniya University.

‘JEDB, from its property management arm, has leased out several warehouses and buildings, which also add revenue to the entity. Our latest project would be hydro power generation, which could also generate some income for the JEDB.’



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APHNH aims to make Sri Lanka more competitive for healthcare investment

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Deputy Minister of Health and Mass Media, Dr. Hansaka Wijemuni addresses the audience

Sri Lanka private healthcare leaders recently pledged an action plan with timelines to address the practical priorities of Sri Lanka’s healthcare sector while making it more viable for local and foreign investments.

The Association of Private Hospitals and Nursing Homes (APHNH) has committed to converting recommendations from its first Healthcare Leadership Summit into a trackable outcome document with defined actions, responsibilities, and timelines, marking a shift from discussion to implementation in sector reform efforts.

The summit held on March 9 at Waters Edge, Colombo, brought together hospital leaders, policymakers, regulators, insurers, and international experts to address practical priorities for Sri Lanka’s healthcare sector.

A key outcome of the summit was APHNH’s plan to consolidate recommendations into a single, trackable charter that will outline specific actions, assign responsibilities, establish timelines, and provide periodic progress updates.

“Our objective is to bring the right decision-makers into one room and focus on what can be implemented, not only what can be discussed, ” said Raveen Wickremesinghe, President of APHNH. “We are committed to taking the inputs from today and converting them into a clear, trackable set of actions that strengthens quality, transparency and public confidence, while supporting national health priorities. “

The summit featured insights from Dr. Hafeez Rahman Padiyath, Dr. Hamdani Anver, and Chandana L. Aluthgama on scaling quality and operational discipline. A keynote and fireside discussion with Dr. Paiboon Eksangsri, President of the Private Hospital Association of Thailand, explored lessons from Thailand’s private healthcare development and conditions for making Sri Lanka more competitive for healthcare investment.

By Sanath Nanayakkare

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Atlas SipSavi Naththal Poronduwa records positive public participation, benefiting 10,000 students

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Atlas, Sri Lanka’s No. 1 learning brand, successfully concluded Atlas SipSavi Naththal Poronduwa, a national initiative that saw strong public participation in supporting children at risk of dropping out of school due to financial hardship. At a time when more than 22,000 Sri Lankan children leave school each year due to rising economic challenges, the initiative reinforced Atlas Sipsavi’s long-standing ‘No Child Left Behind’ promise by turning seasonal generosity into meaningful educational support.

The initiative reached 10,000 students, with beneficiary schools carefully selected to ensure support reached those most in need. The collected books were distributed to children at risk of dropping out, including those whose education had been disrupted by recent adverse weather, ensuring students had essential learning resources at the start of the new school term. Through its flagship Atlas SipSavi programme, the brand focused on improving access to education by providing essential learning tools, scholarships, and infrastructure to create better learning environments, bringing its purpose of ‘making learning fun’ to life in a meaningful way. As part of the initiative, the public was invited to donate schoolbooks, with each contribution matched one-for-one by Atlas. Donation boxes were placed at all Keells outlets island-wide and at Sarvodaya District Offices, making it easy for communities to take part.

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John Keells Logistics expands strategic engagement with CWIT through inter-terminal transport operations

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Representing JKLL: Lasitha Manchanayake: CEO, Dilum Liyanage: Snr. Manager - Transport Operations, Kavinda Jayasinghe: Manager - Operations and Randi Peiris: Asst. Manager - Commercial. Representing the John Keells Group: Zafir Hashim: President - Transportation, Plantations and IT Sectors and Asha Perera: CFO. Representing CWIT: Munish Kanwar: CEO, Iresh Siriwardena: COO, Devanshu Bhatia: Head of Techno Commercial, Madhuranga Wijesekara: In Charge - GATE Process, Sandun Niroshan: Duty Manager.

John Keells Logistics (Pvt) Ltd (JKLL), one of Sri Lanka’s leading third-party logistics solutions providers, has successfully expanded its operational engagement with Colombo West International Terminal (Private) Limited (CWIT), through inter-terminal transport services within the Port of Colombo. This enhanced engagement further strengthens CWIT’s efforts to improve operational efficiency, reliability, and scalability across terminal activities.

Inter-terminal transport plays a critical role in modern port operations, requiring high levels of coordination, precision, and operational discipline. JKLL’s appointment for ITT operations reflects CWIT’s confidence in the company’s demonstrated capabilities in managing complex transport operations within a high-throughput port environment.

The ITT operations are underpinned by JKLL’s technology-enabled logistics framework, incorporating real-time fleet tracking, performance monitoring systems, and data-driven operational planning. These capabilities provide enhanced visibility and control over transport movements, while ensuring compliance with established safety, productivity, and service quality standards.

The awarding of this engagement to JKLL is a testament to the successful implementation of the Inter-Terminal Vehicle (ITV) operations undertaken by John Keells Logistics at CWIT during the previous year. The ITV assignment was executed through structured operating procedures and disciplined service delivery, contributing to improved cargo movement, operational coordination, and service continuity within the terminal. The performance outcomes of the ITV operations provided the basis for the subsequent expansion of the partnership into ITT services.

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