Association a great testament to the brand LPL, says SLC IPG says fantasy sports becoming backbone of live sports sponsorship Mumbai / Colombo: In a major boost to the inaugural edition of the Lanka Premier League (LPL), My11Circle, one of the leading fantasy sports platforms in India, has come on board as title sponsor of…
Central Bank of Sri Lanka (CBSL) yesterday (16) announced that the most recent SLDB auction held from 10 to 13 November 2020 with settlement on 18.11.2020 enabled to raise $ 24.82 million. At the said auction, maturities offered varied from one-year and two months to four years and two months and were offered at a fixed rate of…
The International Trade Centre (ITC) in collaboration with the Department of Commerce (DoC) of Sri Lanka organized a webinar on ‘GSP+ for Enhanced Market Access’ recently. The webinar was primarily aimed at creating a platform for Sri Lankan exporters to better understand ways to increase the utilization of GSP+ concessions in their businesses; particularly in…
Amana Bank, through its resilient core banking performance, recorded a Profit Before Tax (PBT) of Rs. 389 million and a Profit After Tax (PAT) of Rs. 250 million for the nine months ending 30 September. In comparison to the previous quarter which was impacted by the first wave of the pandemic, Amãna Bank has been…
Standard Chartered Bank recently published its first annual Sustainable Finance Impact Report highlighting the Bank’s unique contribution to tackling climate change, and financing dedicated to achieving the United Nations’ Sustainable Development Goals (SDGs). The report reveals the Bank’s Sustainable Assets amounting to USD 3.9 billion which includes loans towards renewable energy, healthcare, and education, as…
“The Beijing Swift” – By Prof. Samitha Hettige © Sri Lankans will remember “Flying Pigeon” and “Phoenix” bicycles imported from China and distributed by state and private sector institutions such as the Cycle Bazaar, Borella during the 1970s and 80s. Bicycle was the only source of transportation for millions of Chinese. Streets filled with Chinese…
The Prime Minister and Minister of Finance Mahinda Rajapaksa will present the second reading of the Appropriation Bill for the financial year 2021 in Parliament tomorrow (17). Following the publication of the 2021 Appropriation Bill in the Gazette on 06th October, it was presented to Parliament by Hon. Mahinda Rajapaksa on 20th October 2020 for…
The number of active credit cards in the country increased to nearly 1,884,341 in September 2020 from 1,870,827 in August 2020. This was stated in the latest report issued by the Central Bank of Sri Lanka (CBSL) on credit cards issued by Licensed Commercial Banks (LCBs). The country had 1,829,927 active credit cards in December…
The Group ended the third quarter with an operating profit before all taxes of Rs. 5.8 b, a marginal 3% drop over last year amidst the unprecedented disruptions brought about by the COVID-19 pandemic. Nations Trust Bank recognised the importance of contributing to assisting adversely affected businesses with a view to supporting the revival of…
In the wake of COVID-19, digital technologies have evolved and is being embraced by economies to promote new ways of doing business and increased productivity. The influence of technology on traditional working methods and its wide scope of opportunities receives a key focus at this year’s upcoming Sri Lanka Economic Summit (SLES), under the timely…
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