Softlogic Holdings PLC Chairman Ashok Pathirage recently stated that their immediate focus is on extending the cash runway and consequently, the company has converted inventory to cash where possible with exciting promotions that were enthusiastically received by worry-weary customers. “Cash is king amidst prolonged uncertainty and our strategy is to manage EBITDA in the short…
Sri Lanka Embassy in Ankara organized a virtual meeting “prospects for cooperation” in collaboration with the Ceylon Chamber of Commerce and the Ukrainian Chamber of Commerce & Industry on 11 December 2020. Deputy Minister of Foreign Affairs of Ukraine Dmytro Senik, Ambassador of Ukraine to Sri Lanka based in New Delhi Igor Polikha, President of…
First time a PCR machine is available at the hospital to screen and identify patients with COVID – 19 NHSL now able to obtain results within a period of six hours, omitting the 48 hour wait for test results from the MRI The National Hospital of Sri Lanka ( NHSL ) was recently gifted their first…
The Cabinet has approved the proposal to sign a new Memorandum of Understanding ( MoU) between Sri Lanka and South Africa on tourism cooperation. The Memorandum of Understanding between Sri Lanka and South Africa on Tourism Cooperation expired in 2017. At the Sixth Session of the Partnership Forum between Sri Lanka and South Africa in…
The Cabinet of Ministers has approved the proposal presented by Minister of Industry to conduct a feasibility study for the production of urea fertilizer in Sri Lanka, the Government Information Department said. Annual Fertilizer Requirement in Sri Lanka ls about 340,000. The entire quantity is currently being imported. ln 2019, Rs.26 billion spent on urea fertilizer imports…
Asia Capital enters into share purchase agreement to buy 70% stake of Navara Capital Partners Asia Capital PLC (ACAP) the country’s leading and pioneering investment banking house recently announced to Colombo Stock Exchange (CSE) that the company has entered into a share purchase agreement on 21st December 2020 to acquire 70% stake of Navara Capital…
The Cabinet of Ministers has approved the proposal presented by the Minister of Tourism to waive the airport landing and parking fees for the period from December 26, 2020, to January 19, 2021, the state information office said. Sri Lanka will reopen its airports from December 26, 2020, to January 19, 2021, as a pilot project in the…
“The Beijing Swift” – By Prof. Samitha Hettige Indonesia is the world’s most populated Islamic nation. It has approx. 14,000 small islands in its territory. 700 years ago, Chinese Admiral Zheng He stopped over in Java, Indonesia many times during his famous voyages. The ancient Silk Road contributed to economic development of the main islands…
mmPro -Mining and Mineral Production Monitoring Solution is adjudged a Winner at World Summit Awards (WSA) 2020. As the National Expert for WSA, ICTA nominates the best products/solutions selected from e-Swabhimani the local “Digital Social Impact Awards” to the World Summit Awards each year. Impressively the 2020 World Summit Award saw five of Sri Lanka’s…
Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 decreased to 5.2% in November 2020 from 5.5% in October 2020. This was due to the statistical effect of the high base prevailed in November 2019. Meanwhile, Food inflation (Y-o-Y) decreased to 9.4% in November 2020 from 10.6%…
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