Continuing to win accolades for its spirit of innovation, Sampath Bank was recognized as Sri Lanka’s “Most Innovative Bank” at the LankaPay Technnovation Awards 2017 held on 20th June 2017. The award is yet another testament to the Bank’s contributions to the development of the nation’s financial services industry through its 30 year colourful journey….
A landmark event on the theme of “Sri Lanka’s Foreign Policy: Choices in the Changing World” is being organised by the Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI) on 28-29 June 2017. The event will draw established experts and new voices to examine Sri Lanka’s foreign policy, and present ideas and recommendations…
ROME (Thomson Reuters Foundation) – A severe drought followed by floods has slashed agricultural production in Sri Lanka, leaving some 900,000 people facing food insecurity, the United Nations said, warning that without help the situation might further deteriorate. Production of rice, the country’s staple food, is forecast to drop almost 40 percent to 2.7 million…
Fairway Holdings, a rapidly diversifying conglomerate, recently acquired Multi Finance PLC under its umbrella with a view to giving this erstwhile financial institution that is known for its trust for 42 years and excellent array of financial services a veritable boost to serve its clients even better. Multi Finance has shown much resilience and stability…
With due consideration to the prevailing and evolving domestic and international macroeconomic environment, the Monetary Board, at its meeting held on 22 June 2017, was of the view that the current monetary policy stance is appropriate and decided to maintain the policy interest rates of the Central Bank of Sri Lanka at their present levels….
Reuters – Sri Lankan shares fell on Thursday in low turnover, retreating from a 17-month closing high, as investors awaited the central bank’s monetary policy review. The central bank is expected to keep its key policy rates steady at more than three-year highs, a Reuters poll showed. The policy announcement is due on Friday at…
Mr. Binod Chaudhary, who is regarded as Nepal’s first billionaire and the only one from the Himalayan republic to be listed on Forbes Magazine’s billionaire’s list will be the Chief Guest of the 178th Annual General Meeting of the Ceylon Chamber of Commerce. Chaudhary led CG Corp|Global Chaudhary Group is a conglomerate comprising over…
Reuters – Sri Lankan shares rose on Wednesday to a 17-month closing high, on gains in financials and food and beverage stocks, ahead of the central bank’s policy review later in the week where interest rates are expected to be held steady. The Colombo stock index gained 0.38 percent at 6,731.25, its highest close since…
Inflation, as measured by the change in the National Consumer Price Index (NCPI) (2013=100), which is compiled by the Department of Census and Statistics (DCS), decelerated to 7.1 per cent in May 2017 from 8.4 per cent in April 2017, on year-on-year basis. This deceleration is mainly due to the base effect amid a monthly…
Aavishkaar Venture Management Services Pvt. Ltd, an investment firm that backs enterprises working in rural areas, has struck its fifth deal through its South and Southeast Asia-focussed vehicle. Aavishkaar Frontier Fund has invested an undisclosed amount in Sri Lanka-based logistics solutions provider Grasshoppers Pvt. Ltd – its second investment in the island nation after food…
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