Why it’s Important that Facebook Remain Free Next month, Facebook turns 15. When I started Facebook, I wasn’t trying to build a global company. Back then, I realized you could find almost anything on the internet — music, books, information — except for the thing that matters most: people. So I built a service…
Asian Business & Social Forum names the Bank one of “Asia’s Greatest Brands” and S. Renganathan one of “Asia’s Greatest Leaders” The Commercial Bank of Ceylon has started 2019 on a winning note, with the Bank being named one of “Asia’s Greatest Brands” and its Managing Director Mr S. Renganathan being honoured as one of…
Reuters – ** Sri Lanka’s rupee closed slightly firmer on Thursday due to dollar selling by exporters, while stocks edged higher for a second straight session, moving away from an eight-week closing low hit early this week. ** The rupee closed at 181.60/80 per dollar, compared with 182.15/25 in the previous session, market sources said….
Fitch Ratings has downgraded the National Long-Term Rating and senior unsecured debentures of Housing Development Finance Corporation Bank of Sri Lanka (HDFC Bank) to ‘BB+(lka)’ from ‘BBB-(lka)’. All ratings have been removed from Rating Watch Negative, and the Outlook is Stable. KEY RATING DRIVERS NATIONAL RATINGS The downgrade reflects Fitch’s assessment of HDFC Bank’s standalone strength,…
Ministry of Finance and Mass Media calls upon all stakeholders including the general public to make their proposals for the Budget -2019 before the February 11 as their contribution to ensure introduction of a successful budget targeting building a strong Economy and an Enriched country. The Minister of Finance and Mass Media Mr. Mangala Samaraweera…
The proposal made by Dr. Rajitha Senaratne, the Minister of Health, Nutrition & Indigenous Medicine to award the contract for the purchase of 12,000 MT of Maize, which is one of the main ingredients used for manufacturing Thriposha for Sri Lanka Thriposha Limited, to M/s KST Evergreen (Pvt) Ltd., for a sum of Rs 670.8…
It is observed that a long procedure has to be followed for the registration of Exporters under the registration process currently adopted by the Sri Lanka Export Development Board which has been introduced in 1985 for the registration of Exporters since it has be to operated by collaborating with 06 different agencies and that a…
Sri Lanka Apparel Exporters Association (SLAEA) recently in a statement had said that apparel exporters are looking to break into new markets to achieve an US $ 8 billion revenue target for 2025. However the statement noted that they are facing domestic policy disruption. According to the Sri Lanka Export Development Board (EDB), apparel…
Sri Lanka’s DFCC Bank in a disclosure to Colombo Stock Exchange (CSE) recently said that the bank plans to raise Rs. 7.6 billion via a Rights Issue to further boost its Tier 1 Capital to support the Bank’s future business expansion plans. The disclosure said that the Issue will be on the basis of two…
Diesel & Motor Engineering PLC (DIMO), has recently announced its partnership with the world – renowned German power tool brand, STIHL. DIMO has been chosen as the authorized distributor of the STIHL products nationwide further exemplifying its leadership in world class brand introductions to Sri Lanka. Founded in 1926, the STIHL Group manufactures power…
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