This is HCL’s largest facility in Sri Lanka, which will serve its global client base HCL Technologies (HCL), a leading global technology company, opened its new facility at the state-of-the-art Cinnamon Life complex. HCL continues to expand and grow in Sri Lanka and this new facility will be its largest in the country, accommodating 4,000…
Webinar Hosted by the Ceylon Chamber of Commerce As occupational health and safety awareness and adherence become increasingly important in workplaces, the Ceylon Chamber of Commerce in partnership with the Workplace Health and Safety Association of Sri Lanka (WSHA) will host an informative webinar on The importance of Incident Investigation in Ensuring Business Continuity on…
The Initial Public Offering (IPO) of Capital Alliance Limited (CALT) which opened on today (25), was oversubscribed on the same day. The CALT IPO, which offered 41,177,236 ordinary shares for a 12.5% stake to the public, priced at LKR 10 per share, opened at the Colombo Stock Exchange (CSE) amidst high anticipation and significant traction…
The Hambantota International Port Group (HIPG) today signed an agreement with INSEE Cement, the leading cement manufacturing company in Sri Lanka, to ensure the efficient transfer of raw materials to their factory in Galle, via the Hambantota Port. This will have a positive impact on the operational efficiency. The agreement was signed between Gustavo Navarro,…
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 24 November 2021, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 5.00 per cent and 6.00 per cent, respectively. The Board arrived at…
The Commercial Bank of Ceylon PLC was declared Sri Lanka’s ‘Best Corporate Citizen’ in 2021 by the Ceylon Chamber of Commerce (CCC) on Tuesday night, achieving the pinnacle of recognition for sustainability and good corporate citizenship in the country’s corporate sector. The coveted ‘Best Corporate Citizen Sustainability Award 2021’ was presented to Sri Lanka’s benchmark…
Reuters – The Central Bank of Sri Lanka (CBSL) is expected to raise rates a second time since the onset of the pandemic on Thursday to curtail inflationary pressures, manage external challenges and attract foreign inflows, economists and analysts said. Seven out of 12 economists polled, expect the CBSL to increase the standing deposit facility…
Fitch Ratings : The Sri Lankan government’s proposal to introduce new one-off as well as recurring taxes on companies will likely constrain the near-term profitability of some insurers, Fitch Ratings says. However, we expect the proposals to have only a limited impact on most insurers’ capital positions because of their sound capital buffers accumulated before…
A manuscript with calculations made by Albert Einstein as he attempted to formulate his theory of relativity has sold at auction for €11m (£9.7m, $13m) BBC – The sale at Christie’s auction house in Paris broke the record for an autographed scientific document. It is one of just two papers that show the theoretical physicist’s…
The upcoming Sri Lanka Economic Summit 2021, the foremost and most anticipated economic event of Sri Lanka, will host a lineup of contemporary dialogues under this year’s theme ‘Springboard for revival: Opportunity to reset’. Day two of the event will feature a session dedicated to ‘New Instruments – Springboard for Exports’ on 7th December, 2021….
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