Introducing another pioneering initiative to the Sri Lankan banking industry, HNB announced a new partnership with UnionPay International, to accept card payments from one of the largest payment networks in the world. Through the new agreement, Sri Lankan merchants who operate HNB Point-of-Sales (POS) devices will now be able to accept UnionPay cards, empowering businesses…
Oodoowerre Estate Demodara, continues a record breaking trend and has set a new record for Uva High Grown OP for the second time in four months. At the auction of 15th February an Invoice of Oodoowerre sold at Rs. 690 per kg. Teas were purchased by Tea Link Colombo Pvt Ltd and auctioned by Asia…
The Department of Commerce’ pioneering session on Exporting to Sweden opened to a packed Lankan private sector audience in Colombo on 15 February. “When EU GSP plus facility will come into force possibly in near future, Sri Lankan exporters will have more opportunities in Swedish market” said a pleased Minister of Industry and Commerce Rishad…
Anantara Peace Haven Tangalle Resort is celebrating a haul of TripAdvisor® Travellers’ Choice™ awards after being recognised in four different categories. The resort, placed by Tripadvisor in the top 1% of hotels globally, has been acknowledged in: Top 25 Hotels for Service – Sri Lanka, Top 25 Hotels for Romance – Sri Lanka, Top 25…
The upper limit to pay 15% special interest on fixed deposits maintained by senior citizens in the licensed commercial banks and the licensed Specialized Banks has been increased up to Rs.1.5 million from the current limit of Rs.1 million with effect from March 01. On the instruction of the Minister of Finance Mr. Ravi Karunanayake,…
Five years ago, Sri Lanka’s government imposed stricter rules on visa requirements. This happened as part of an on-going process to improve administrative procedures following the end of the war in 2009. Since the new visa laws were proposed, a new government has come into power. What impact do the new visa requirements and this…
Leading Sri Lankan conglomerate Hayleys PLC’s profits after tax rose by 8% Year-on-Year (YoY) to reach Rs. 1.1 billion during the quarter ended 31st December 2016 (3Q16). Revenue during the quarter increased by a sharp 27% YoY up to Rs. 30 billion buoyed by strong performances across in the Group’s Agriculture, Construction Materials , Transportation…
LankaClear, who operates the LankaPay Trusted National Payment Network, achieved another gigantic milestone by becoming the first entity in Sri Lanka to obtain the certification of Payment Card Industry Data Security Standard (PCI-DSS), version 3.2. The trust that they have built over the years was further boosted by this certification, which is at the zenith…
Sunshine Holdings PLC (CSE: SUN) reported consolidated revenues of LKR 14.1bn for the nine months ended 31 December 2016 (9MFY17), up 10.1% YoY. PAT grew 27.7% YoY to stand at LKR 1.3bn for 9MFY17, however PATMI declined -12.6% YoY mainly due to a reduction in the Healthcare segment profits caused by the implementation of NMRA…
Reuters – Sri Lankan shares hit a two-week closing high on Tuesday as investors picked up blue chip shares such as John Keells Holdings Plc and Ceylon Tobacco Company Plc, brokers said. The Colombo stock index ended 0.17 percent firmer at 6,148.94, its highest close since Jan. 23. “Bargain hunting in blue chips is continuing….
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