A whopping Rs 662.95 Billion was transacted through digital banking channels alone, by customers of the Commercial Bank of Ceylon in 2017. This is the highest value the Bank has handled digitally in a single year since the launch of its Mobile and Online Banking platforms, which make up its ‘anytime, anywhere’ digital banking offering….
The Sri Lanka Tourism Promotion Bureau, in collaboration with the Embassy of Sri Lanka in Tel Aviv, organized and coordinated the participation of Sri Lanka in the 24th International Mediterranean Tourism Market (IMTM 2018), which was held from 6 to 7 February 2018 at the Tel Aviv Convention Center in Tel Aviv, Israel. The…
The national Carrier, Srilankan Airlines’ Colombo-Melbourne direct flight has reversed the trend of declining passenger traffic into Sri Lanka. Despite Australia being home to a large Sri Lankan Diaspora and student community, passenger arrivals into Sri Lanka have been on the decline in 2017, one of the prime reasons being the lack of direct flights…
Global Times – Since the China-proposed Belt and Road initiative was revealed to the world, Sri Lanka has been actively cooperating with China to ensure a win-win result. Global Times reporter Wang Bozun (GT) interviewed Sri Lankan Ambassador to China Karunasena Kodituwakku (Kodituwakku) to discuss the dialogue between the two countries. GT: Foreign media…
Accenture The Singapore Business Mission to Sri Lanka organized by the Singapore Business Federation (SBF) together with International Enterprise Singapore (IES) and Singapore Indian Chamber of Commerce & Industry (SICCI) recently held a seminar on doing business in Sri Lanka, at the Paramount Tower in Nawala. Mr S.S. Teo, Mission Leader, SBF Chairman and Managing…
Net Profit After Tax Rs10.8Bn Recommended Dividend: 35% of Earnings, 46 Cents per Share Direct and Indirect Contribution in Taxes, Fees and Levies to GoSL: Rs35.7Bn Investment in High Speed Broadband and Other Infrastructure: Rs27.3Bn Dialog Axiata PLC announced, its consolidated financial results for the year ended 31st December 2017. Financial results comprise those of…
Reuters – Sri Lankan shares fell on Monday as political uncertainty after a local council poll in which the two main ruling parties were defeated dampened investor sentiment. President Maithripala Sirisena’s centre-left Sri Lanka Freedom Party (SLFP) and Prime Minister Ranil Wickremesinghe’s centre-right United National Party (UNP) secured only a few council seats, raising concerns…
Iran and Sri Lanka have signed documents to expand cooperation in various areas, including trade and economy, Iran’s IRNA news agency reported. According to IRNA on Saturday, the documents were signed during a two-day visit of an Iranian delegation to Colombo with Sri Lankan officials. The delegation which was headed by the Iranian Energy Ministry…
The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI) and the Asia-Pacific Leadership Network for Nuclear Non-Proliferation and Disarmament (APLN) will jointly host a lecture by Prof. Ramesh Thakur of the Australian National University and Co-Convenor of APLN, on “Nuclear Policy and Prospects for Disarmament in the New World Order.” This lecture will…
Haycarb PLC, the Sri Lankan multinational of Hayleys PLC reported revenue of Rs. 10.9 billion and profit before tax of Rs. 564 million for 9 months ending 31 December 2017. The profit after tax stood at Rs. 473 million. Haycarb PLC Managing Director Mr. Rajitha Kariyawasan said that the raw material shortages and resulting high…
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