The World Bank Group’s Board of Directors endorsed a new four-year strategy aimed at achieving greater prosperity for Sri Lanka and its people. The strategy emphasizes greater macro-economic stability, improving Sri Lanka’s global competitiveness, investing in under-served people and areas, and promoting green growth. The World Bank Group’s Country Partnership Framework (CPF) for Sri Lanka…
Srilankan Airlines, the award-winning airline, on Saturday (30) signed on board Bollywood actress Jacqueline Fernandez as their brand ambassador. The letter of agreement was signed Friday night between Srilankan Airlines Chairman Ajit Dias and Jacqueline Fernandez, July 29 at St. Regis Hotel, Mumbai. With this collaboration it made her, the face of Srilankan Airlines and…
The Sri Lanka Gem & Jewelry Association announced the approach of the 26th edition of ‘FACETS’: Sri Lanka’s foremost annual International Gem and Jewelry Show. Established in 1991 with the patronage of the state and private sectors, the show has become the pinnacle event in the industry calendar. To be held at the BMICH from…
Worldline [Euronext: WLN], the European leader in the payment and transactional services industry, announced its expansion in Sri Lanka with the launch of a credit card for Singer Finance Lanka PLC (SFLP), a financial services company and subsidiary of Singer (Sri Lanka) PLC. Singer Finance is the first NBFC in Sri Lanka licensed by the…
An Opportunity To Secure A Regular Income While Growing Your Capital “Alpha plus”, Sri Lanka’s first dual return investment plan is now available to investors as a result of a partnership between Alliance Finance PLC and Guardian Acuity Asset Management (GAAM), a leading Unit Trust Management Company which is part of Carson Cumberbatch PLC, HNB…
Diversified conglomerate Sunshine Holdings PLC has come forward for the second consecutive year to support the country’s premier economic summit hosted by the Ceylon Chamber of Commerce (CCC), which brings thought leaders in many spheres – including top economists, foreign/local private sector professionals and leading public sectors figures – to one platform. The Sri Lanka…
The TJL Group (TJ), who closed the last financial year on a resounding note, continued its performance momentum in the new financial year, reporting eight straight quarters of strong quarterly profit growth. The Q1 2016/17 performance has proved to be the Group’s best first quarter recorded to date, posting a consolidated net profit of Rs….
Sri Lanka’s central bank raised its main interest rates by 50 basis points each on Thursday in a surprise move aimed at curbing stubbornly high credit growth that is adding to concern about inflationary pressures. The Central Bank of Sri Lanka raised the standing deposit facility (SDF) rate and the standing lending facility rate (SLFR)…
Reuters – Sri Lankan shares ended slightly firmer on Thursday, snapping three sessions of losses as investors picked up diversified and manufacturing shares, while the market awaited directions on the country’s economic policy. The benchmark Colombo stock index ended up 0.15 percent, 9.73 points, at 6,392.15. “There was institutional buying today, and the good thing…
Outlines commitment to maintaining strong economic fundamentals to boost capital market and business sector The Governor of the Central Bank of Sri Lanka (CBSL), Dr. Indrajit Coomaraswamy rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) yesterday (28th July). The event was organized to officially welcome the Governor to the CSE….
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