Working capital loans offered at concessionary interest of 8% p.a. for a period of upto 2 years Enables working capital support for SMEs not captured under CBSL Saubagya scheme Loan scheme initiated solely utilising internally generated HNB funds Facilitated over 2,500 client loan applications to CBSL Saubagya scheme Debt moratoriums extended to over 75,000 individuals…
The Colombo Stock Exchange (CSE) announces the following changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2020 mid-year index rebalance. A revision of the S&P SL20 methodology in March 2017 established the practice of a semiannual rebalance of the index (previously conducted annually), which is set to…
Developing Asia will barely grow in 2020 as containment measures to address the coronavirus disease (COVID-19) pandemic hamper economic activity and weaken external demand, according to a new set of forecasts from the Asian Development Bank (ADB). In a regular supplement to its annual flagship economic publication, the Asian Development Outlook (ADO) 2020 released in April, ADB forecasts growth…
In line with the Government rapid development plans for SME, Agriculture and social development, the Bank of Ceylon will extend its facilities to number of selected sectors. The benefit of these facilities will be extended to a wide-range of Bank’s products and services that include, development loans for Agriculture and SME/ Micro-finance development loan schemes,…
The International Energy Agency has laid out a $3 trillion green recovery plan, offering governments around the world a “once-in-a-lifetime” roadmap to sustainably rebuild their economies in the wake of the coronavirus pandemic. The Sustainable Recovery report, published Thursday, is designed to present world leaders with cost-effective measures that could be implemented from 2021 through…
President Gotabaya Rajapaksa yesterday ( 18) met with the EU ambassadors at the Presidential Secretariat. The discussion centered on rebuilding the economy after passing the COVID-19 crisis. The country was able to quickly deploy the public health system to address the health threat caused by the pandemic, explained President. The Public Health Inspectors with the…
A trilateral agreement was signed in August 2016 between the Sri Lankan Government, Urban Development Authority and the locally incorporated CHEC Port City Colombo (Pvt) Ltd. As per the agreement, steps have been taken to fill 440 hectares of land and CHEC Port City Colombo would be allocated an extent of 116 hectares of land…
Sri Lanka has decided to halt the Colombo light rail project, funded by Japan International Cooperation (JICA) as it was too costly and brought low returns, Government ministers said. ” The light rail project stretching from Colombo to Malabe was not cancelled by JICA. It was in fact cancelled by the government of Sri Lanka due…
Within the frame of the 60 Mio. LKR Technipreneurs Lanka PPP (Public-Private Partnership), which is co-funded by Würth Lanka and German Development Bank DEG/KfW, the Chairman of VTA Mr. Damitha Wickramesinghe and Country Manager of Würth Lanka, Mr. Rohan Amirthiah, have signed today an MOU to enhance training capacities of VTA trainers and to establish…
Transparency International Sri Lanka (TISL) today (18) launched Sri Lanka’s first ever assessment of transparency in corporate reporting amongst the top 50 listed companies on the Colombo Stock Exchange, as per market capitalization on 28 February 2019. The report, “Transparency in Corporate Reporting (TRAC): Assessing the Top 50 Listed Companies in Sri Lanka”, ranks companies on three different thematic areas related…
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