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DFCC Bank signs MOU with National Chamber of Exporters (NCE) to drive the growth of Sri Lanka’s export industry

DFCC Bank, the premier commercial Bank in Sri Lanka, announced the landmark signing of a Memorandum of Understanding (MOU) with the National Chamber of Exporters (NCE) and will now act as one of the Chamber’s key strategic partners. Through this MOU, DFCC Bank extends the comprehensive array of end-to-end financial solutions to all members of…

(0)Comments | December 24, 2021 9:45 am

First Capital Treasuries PLC lists on the Colombo Stock Exchange

The shares of First Capital Treasuries PLC (CODE: FCT-N-0000) commenced trading on the Colombo Stock Exchange (CSE) yesterday (23). The shares have been listed on the Diri Savi Board of the CSE under the “Investment Banking & Brokerage” sector. The occasion was marked with a special Bell Ringing Ceremony. Representing First Capital Treasuries PLC, Chairman…

(0)Comments | December 24, 2021 9:36 am

Sri Lankan apparel sector signs historic MoU with trade unions

JAAF and trade unions will address the pandemic’s impact on the industry as partners Sri Lanka’s apparel sector and key industry trade unions signed a historic agreement that ensures business owners and employees work together to maintain continued vigilance on pandemic prevention, discuss issues of mutual interest and jointly participate  in addressing grievances. In a…

(0)Comments | December 23, 2021 3:39 pm

CSE to revise ASPI calculation methodology

Revision of the index calculation methodology of the All Share Price Index (ASPI) The Colombo Stock Exchange (CSE) is revising the index calculation methodology of the All Share Price Index (ASPI) from full market capitalization-weighting to free float-adjusted Market Capitalization weighting as notified to the market on 16th November2021. The Index methodology has been published…

(0)Comments | December 23, 2021 2:27 pm

Virtual B2B Meetings held Between Sri Lankan and Nepali Construction Companies

Twenty construction companies from Sri Lanka and Nepal connected via zoom for an interactive B2B session, jointly organized by the Sri Lanka Embassy in Nepal and the Export Development Board of Sri Lanka (EDB) on 21st December 2021. The participating companies represented sectors ranging from building construction, road development, bridges and irrigation to renewable energy…

(0)Comments | December 23, 2021 1:55 pm

Ceylon Chamber Facilitates Joint Collaboration in Digital Solutions and IT in Lithuania

With IT and digital solutions continuing to be at the fore of a continually and rapidly evolving global wave of digital economy, communication and connectivity, the Ceylon Chamber of Commerce in association with the Embassy of Lithuania in New Delhi, recently hosted a webinar facilitating opportunities for joint collaboration in the digital solutions and IT…

(0)Comments | December 23, 2021 1:47 pm

Expected Foreign Exchange Inflows and the Official Reserve Position

The Central Bank of Sri Lanka wishes to inform the general public that the measures being taken at present will ensure that by end of 2021 official reserves will remain above US dollars 3 billion. Despite the headwinds of the economic impact of COVID-19 and challenges posed by adverse developments in the external sector, the…

(0)Comments | December 22, 2021 7:15 pm

‘Lighting Digital’ Capacity Building Drive

Launched to build a Digitally Capable Sri Lanka The Information and Communication Technology Agency (ICTA) announces the launch of ‘Lighting Digital’- a National Digital Capacity Building Drive, focusing on accelerating Digital Transformation in Sri Lanka through a holistic approach. A series of capacity-building initiatives have been formulated, across three key pillars, namely; Education Sector, Government…

(0)Comments | December 22, 2021 6:44 pm

Joint Chambers express concern on the impact of currency shortage

Sri Lanka’s Joint Chambers have issued a statement on the impact of the foreign exchange crisis on the businesses in the country. Read the full statement below: We wish to draw the attention of the Government to the difficulties faced by our member companies and the broader private sector in obtaining foreign currency to finance…

(0)Comments | December 22, 2021 4:13 pm

Sri Lanka’s Merchandise exports expected to surpass USD12 billion by the end of 2021

Rubber based export sector becomes a one-billion-dollar Industry in 2021 Sri Lanka’s Export Performance in November 2021 Sri Lanka’s merchandise exports increased by 55.11% to US$ 1,215.6 Million in November 2021 compared to November 2020 as per the data released by the Sri Lanka Customs. Exports maintained above one billion dollars for the fifth consecutive…

(0)Comments | December 22, 2021 2:41 pm

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