While the Pandemic is undoubtedly one of the most formidable challenges Sri Lanka has encountered in recent years, it is believed that the collective response by the local Banking sector has helped the country as a whole to handle the unexpected economic downturn in 2020. Sampath Bank too faced many challenges in adjusting to the…
Q1 21 Revenue, EBITDA and NPAT record YoY growth Rs2.8Bn in Direct Taxes, Fees and Levies to GoSL: (Further Rs3.5Bn in Indirect Taxes) Capex Investments of Rs2.4Bn during the Quarter. OFCF Improved to Rs10.4Bn for Q1 2021 Dialog Axiata PLC announced, Tuesday 11th May 2021, its consolidated financial results for the three months ended 31st…
Following the debut of Prime Lands Residencies’ Initial Public Offering (IPO) yesterday (11), the company’s oversubscription forecasts proved to be true as the initial 100 million shares were purchased in record time. The Board of Directors have decided to exercise the option to issue up to a maximum of a further 87.5 million shares as…
The MarCom Collective announced the appointment of its Board of Directors and the establishment of the Advisory Council at its inaugural meeting held recently. The role of the MarCom Collective Board will be to assist in formulating policy matters related to the marketing communications industry in Sri Lanka with the objective of developing the industry….
The World Bank launched public consultations to update its Systematic Country Diagnostic (SCD) in Sri Lanka. This online platform will enable the Bank to engage with the Sri Lankan public and development partners and seek their views on the most pressing development opportunities and challenges for the country. The SCD is a country-specific report compiled…
The Department of Labour announced that the Employees’ Provident Fund (EPF) claim section of the Head Office and the Divisional Offices of the Labour Department will be closed on May 12 and 13 with the objective of containing the spread of Covid–19. The Commissioner General of Labour further informed that only the Employee’s Provident Fund…
Ernst & Young (EY) facilitated a timely discussion on Digital Cities as the knowledge partner at the “Sri Lanka Internet Day 2021”, the inaugural virtual event organized by the Digital Chapter of the Federation of Information Technology in Sri Lanka (FITIS) which was held in line with FITIS mandates on digital economy and regional hub…
94% of consumers in APAC are considering using emerging payment methods this year APAC enthusiasm for QR codes, digital wallets and cryptocurrencies exceeds global averages As a result of the pandemic, enthusiasm for a broader range of payment technologies has accelerated in the Asia Pacific region as 94% of people say they will consider…
Prime Lands Residencies, the condominium property arm of Prime Group, opens its Initial Public Offering today, 11th May 2021. The highly awaited IPO will enable investors to indulge in a plethora of benefits by investing in the real estate sector, a market considered to be a secure and highly lucrative investment even during these testing…
As Sri Lanka looks to entice foreign investors to encourage FDIs into the country, EY and HSBC collectively hosted a virtual investment forum for Chinese businesses seeking investment opportunities in Sri Lanka. His excellency Dr. Palitha Kohona, the Sri Lankan Ambassador to China delivering his keynote speech stated Sri Lanka must identify strategic opportunities and…
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