The Board of Directors of Sampath Bank PLC, at their meeting held on 27, August 2020 has resolved to appoint top legal professional Harsha Amarasekera PC as the Chairman (Non-Executive, Non- Independent) of the board with effect from 30th August 2020. In a disclosure to the Colombo Stock Exchange (CSE), the bank noted that Amarasekera does not…
Standard Chartered Sri Lanka today announced donations totalling USD500,000 (approximately LKR 92.5 million) to support the fight against COVID-19 in the local community. The donation, which will flow through the Sri Lanka Red Cross Society (SLRCS), is in keeping with its brand promise to be ‘Here for good’ and is part of the Bank’s wider…
The Pioneer market leading brand of probiotic, BIFILAC, moves to George Steuart Health George Steuart Health today announced their renewed partnership with TIL Healthcare, India, for marketing and distribution of TIL Healthcare products in Sri Lanka. TIL Healthcare, formerly known as Tablets India Ltd., originally launched with George Steuart in the mid-90s. This renewed partnership…
Today the world’s leading chief financial officers have a more positive outlook for China’s economy than they do for the economy of the United States. The Q3 CNBC Global CFO Council Survey revealed on Friday. That is the first time in the survey’s history that this elite corps of executives were more upbeat on China. In…
Top officials of leading economic development institutes in both Qatar and Sri Lanka highlighted the tremendous potential to boost synergistic commercial ties between the two countries during a webinar on “Bilateral and Synergistic Opportunities between Qatar and Sri Lanka”, organized by Doha Bank, on 26th August, 2020. The panelists at the webinar discussed the prospects…
Export Development Board (EDB) Chairman Prabhash Subhasinghe recently met Yang Zuoyuan, Economic and Commercial Counsellor of China Embassy in Colombo to discuss the opportunities available to enhance trade between the two countries. The discussions were mainly focused on the importance of further strengthening of trade between the two countries in view of fully utilizing the trade…
The SIGNATURE Group, Malaysia’s leading kitchen manufacturer has announced a new joint venture in Sri Lanka, as the company continues to boost its overseas business by focusing on building strategic partnerships with leading brands and business corporations. On 18th August 2020, Signature signed a Joint Venture (JV) agreement with Singer (Sri Lanka) PLC via its…
The Central Bank of Sri Lanka (CBSL) has decided to provide further relief measures to assist tourism sector businesses and individuals who are adversely affected by the prevailing COVID-19 outbreak. Considering the ongoing travel restrictions, disruption to economic activities and representations made by the Ministry of Tourism and related agencies, CBSL has requested licensed commercial banks…
SriLankan Airlines wishes to inform their valued customers that the airline continues to fly to selected international destinations including Italy- Milan, United Kingdom-London, Japan – Tokyo, Maldives- Male, Germany- Frankfurt, France- Paris and Australia-Sydney during the current global lockdown period. Passengers who are intending to travel with SriLankan Airlines to these destinations and beyond could…
Sri Lanka’s per capita Gross Domestic Product (GDP) had dropped by US$ 227 in 2019 and this marked the first such decline in 20 years, the new State Minister for Finance, Capital Market, and State Enterprise Reforms, Ajith Nivard Cabraal stated. He made this remark addressing the parliament today (27). “According to the Central Bank reports,…
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