In recognition of the invaluable contribution by the healthcare ecosystem, Emirates SkyCargo transports the vaccine free of charge Vaccine doses flown, offloaded and cleared on priority basis on arrival in Dubai at dedicated Emirates SkyPharma facility Emirates SkyCargo has notched yet another milestone by flying in COVID-19 vaccines manufactured by Pfizer-BioNTech to the UAE for…
Sri Lanka’s export earnings in November 2020 amounted to US$ 748.58 million, which was 20.97% lower than the November 2019 and 11.84% lower than October 2020, the Export Development Board (EDB) stated. As per the Customs statistics, earnings from merchandise exports recorded a negative growth of 20.97% in November 2020 to US$ 747.58 million as compared…
A Decade-long Partnership with Sri Lanka Cricket as the Largest Investor Supporting the Passion of the Nation Committed to empowering the homegrown talent of sportsmen and sportswomen at national and international level, Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, will continue its, long-standing partnership with Sri Lanka Cricket (SLC) till 2023 as the ‘Official…
The Central Bank of Sri Lanka (CBSL) is of the view that the recent increase in volatility of the exchange rate is ‘unwarranted’ and ‘unacceptable’. Hence, issuing a statement, the CBSL stated that it will take appropriate action aggressively hereafter to contain this volatility in the domestic foreign exchange market. The Central Bank expects that these…
The merger proposal of Arpico Finance Company PLC (AFC) with Associated Motor Finance Company PLC (AMF) has been approved by the Central Bank of Sri Lanka (CBSL) on 22 December 2020, the two companies said in separate stock exchange filings. The surviving company would be AMF and in terms of the said approval, AMF is required to complete the…
The Ambassador of the Republic of Korea, Woonjin Jeong met with Sanjaya Mohottala newly appointed Chairman of the Board of Investment of Sri Lanka (BOI) recently at the Board premises. The Ambassador was accompanied for this meeting by the Korean Businessmen’s Association and the Korean Resident’s Association. The Ambassador and the Korean Business delegation initially conveyed their…
Dialog Axiata PLC (“Dialog”), Sri Lanka’s premier converged connectivity provider, announced yesterday (23) that it had entered into an agreement to acquire 100% shareholding in H One (Private) Limited, through Dialog Broadband Network (Private) Limited (“DBN”), a fully owned subsidiary of Dialog. H One founded in 2008 as a subsidiary of Hirdaramani Group, is the…
Taking a cue from the success of the smallholder sector, Sri Lanka’s Regional Plantation Companies (RPCs) handed over fresh proposals aimed at radically expanding worker earnings during a recently concluded meeting with the Minister of Labour and Trade Unions leaders. The newly introduced proposal provides for a hybrid between the daily wage model and the…
According to the daily exchange report of the Central Bank of Sri Lanka (CBSL), the current buying rate of the US Dollar today (23) stands at Rs. 188.01 and selling rate of the US dollar stands at Rs. 193.05. This is highest buying and selling rate recorded for a US dollar since, May 4, 2020….
Fitch Ratings has recalibrated its Sri Lankan National Rating scale to reflect changes in the relative creditworthiness among Sri Lankan issuers, following Fitch’s downgrade of the country’s sovereign rating to ‘CCC’ from ‘B-‘ on 27 November 2020. Fitch typically does not assign Outlooks or apply modifiers to sovereigns with a rating of ‘CCC’ or below….
Video Story
