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Sri Lankan FLCs Face Challenges Beyond the Covid-19 Pandemic

Fitch Ratings: Restrictions on vehicle importation will continue to constrain growth prospects of Sri Lankan finance and leasing companies (FLCs), dampening prospects for the sector’s earnings, says Fitch Ratings in a new report. Higher second-hand vehicle prices due to limited new vehicle supplies have reduced affordability and will most likely weaken future demand for vehicle…

(0)Comments | September 17, 2021 1:15 pm

HNB FINANCE PLC announces appointment of new Chairman

HNB FINANCE PLC (HNBF) recently announced the appointment of Mr. Dilshan Rodrigo as the company’s Chairman and as a Non-Independent, Non-Executive Director, effective from 10th of September 2021. Mr. Rodrigo is taking over as Chairman of HNBF from former Chairman and HNB MD/CEO Mr. Jonathan Alles, who served as the Chairman since 2014. Mr. Rodrigo…

(0)Comments | September 17, 2021 11:56 am

Meeting with Aeroflot

The Sri Lanka Embassy in Moscow arranged a meeting with PJSC Aeroflot of Russian Federation for the visiting delegation from the Ministry of Tourism & Aviation at the headquarters of Aeroflot on 03 September 2021 in Moscow. During the meeting, officials from PJSC Aeroflot mentioned its readiness to commence a new direct service between Moscow-Colombo, which will…

(0)Comments | September 17, 2021 10:11 am

Discover the Wonders of Wilpattu National Park Sri Lanka via Wildlife Streaming

On 24th and 26th September, the Wilpattu National Park goes live! A ‘Couch Safari’ will take viewers on a wildlife streaming tour of Sri Lanka’s oldest and largest national park, allowing them to experience the wonders of Wilpattu from the safety of their homes. The COVID-19 pandemic has indefinitely postponed travel plans for many tourists…

(0)Comments | September 17, 2021 12:08 am

BPPL Holdings: Only Sri Lankan company listed in Forbes Asia’s 200 ‘Best Under a Billion’

BPPL Holdings PLC, one of Southeast Asia’s largest brush manufacturers and Sri Lanka’s largest plastics recycler equipped with one of only two plants in the world capable of creating polyester yarn directly from recycled PET plastic flakes, is the only Sri Lankan company to have entered Forbes Asia’s 200 ‘Best Under a Billion’ list. Forbes…

(0)Comments | September 16, 2021 3:03 pm

ComBank & CBB promote export opportunities to Britain

The Commercial Bank of Ceylon in collaboration with the Council for Business with Britain (CBB) recently conducted a free webinar titled ‘Export Opportunities to Great Britain’ for over 290 Sri Lankan small and medium entrepreneurs and exporters as well as business promoters from countries such as the United Kingdom, USA, India, Qatar and Singapore. The two-hour…

(0)Comments | September 16, 2021 2:54 pm

Over 85% of Sri Lanka’s estate community receive first jab, 63% fully vaccinated

The Planters’ Association of Ceylon (PA) and the Plantation Human Development Trust (PHDT) announced major progress in their collective efforts to safeguard all residents of Sri Lanka’s estate community, with over 85% of the community across 7 regions having received their first dose of a COVID-19 vaccine, and 63% being fully as at 10th September…

(0)Comments | September 16, 2021 2:42 pm

United States Delivers $40 Million in Financing to Support Small Businesses and Empower Sri Lankan Women

Today, the United States provided $40 million in financing to SDB Bank in order to bolster Sri Lanka’s Small and Medium sized Enterprise (SME) sector and assist women entrepreneurs. The loan is part of $265 million in funding the U.S. International Development Finance Corporation (DFC) is providing to Sri Lankan banks, including SDB Bank, DFCC…

(0)Comments | September 16, 2021 1:18 pm

Sri Lankan Food & Beverage Products Promoted at Trade Events in South Korea

The Sri Lanka Export Development Board (EDB) in collaboration with the Sri Lanka Embassy in South Korea organized Sri Lanka product displays to promote the Food & Beverage sector in the Korean market. Sri Lankan food products were promoted in Korea Import Good Fair (KIGF) organized by Korea Importers Association (KOIMA) from 22nd to 24thJuly,…

(0)Comments | September 16, 2021 12:00 pm

SL Economy grew by 12.3 percent in the 2Q 2021

The Department of Census and Statistics (DCS) Sri Lanka, has released the estimated Gross Domestic Product (GDP) at current price and at constant (2010) price in Production approach and the other macroeconomic indicators for the second quarter (April 1st to June 30th) of year 2021. The performance of the Sri Lankan economy during the second…

(0)Comments | September 16, 2021 10:20 am

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