Reuters – Sri Lankan shares fell for a second straight session on Wednesday as political uncertainty after a defeat of the two ruling coalition parties in a local poll hurt investor sentiment. The ruling coalition government of President Maithripala Sirisena’s centre-left Sri Lanka Freedom Party and Prime Minister Ranil Wickremesinghe’s centre-right United National Party suffered…
Extending a winning legacy that spans over 29 years in the field, HNB won the award for Most Innovative Microfinance Bank in Sri Lanka at the recently concluded International Finance Magazine Awards (IFM) 2017 in Singapore. Organized by International Finance Magazine with a view to celebrating individuals and organisations in the international finance industry that…
Cites substantial recent EPA study, growing body of scientific evidence showing no ill effects to human health Warns of crop losses upto Rs. 20 billion per annum, increased loss to smallholders Calls on TRI to urgently stipulate alternatives acceptable to buyers and feasible for producers Demands scientific, evidence based justification for continuation of ban …
For the nine months ended 31st Dec,2017 the overall turnover was on par with the previous year’s sales of Rs.5 Billion mark. The domestic sale for the period was Rs. 3,375 Million as against the previous year’s Rs. 4,065 Million depicting a drop of 17%, whilst the export market showed a growth of 70% from…
2017 sees only a marginal increase in cigarette excise revenue – total revenue stood at LKR 117.3 bn compared to target of LKR 135 bn Smuggled cigarettes booming – 450 mn cigarettes entered illegally in 2017 Smuggled fags now account for 15% of the legal tobacco industry – GOSL loses LKR 20 bn in revenue…
Local Merchants Can Now Tap Into Incoming Chinese Tourists and Their Spending Power Sampath Bank, one of Sri Lanka’s most innovative banks, has become the first bank in the country to partner with Alipay, the world’s largest online and offline payment platform operated by Ant Financial Services Group. This latest partnership will allow…
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…
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