Facility to target funding directly at underserved SMEs, boost jobs and promote economic and social inclusion across Sri Lanka Supports development of clean energy efficiency initiatives, underpinning Sri Lanka’s commitment to the Paris Agreement Commitment marks CDC’s first climate investment in Sri Lanka and its first direct investments in the country since 2012 The Commercial…
Transcription of Ambassador Teplitz’s Interview with Ada Derana 24 Derana TV: A warm welcome. You’re joining us at Hyde Park on Ada Derana 24. Tonight on the show you will see a guest who has appeared on my show for a number of times during different milestones in the political history of – recent…
Perceived Economic Opportunity Index 2021 [PEOI] Q2: March to June, 2021 This month we mark ten years of tracking the perception of economic opportunities among the people of Sri Lanka via the Perceived Economic Opportunity Index (PEOI). Having begun in July 2011 this measurement continued every month except for a short break in 2015 and…
Land Valuation Indicator (LVI) for Colombo District increased to 155.1 during the first half of 2021. The annual increase of 9.5 and the semi-annual increase of 6.8 of LVI, reversed the declining trend observed in the LVI increases over the last two years. All sub-indicators of LVI, namely Residential LVI, Commercial LVI and Industrial LVI,…
The Sri Lanka@100 platform announced the selection of six high-potential, mid-market firms to receive cutting-edge business advisory services to accelerate their growth. This is the second cohort of companies onboarded to Sri Lanka@100, a platform supported by the United States Agency for International Development (USAID) and administered by Stax, a global management consulting firm. “Mid-market…
A renowned team from Switzerland who are widely regarded as experts on organic agriculture met with Minister of Plantation Hon Dr. Ramesh Pathirana and Secretary to the Ministry of Plantation Mr. Ravindra Hewavitharana on 06th August. During the meeting, the Minister shared the country’s vision for the plantation sector and the approach and measures taken…
Consolidated revenue of Rs. 7.3 billion Healthcare revenue up 54% YoY to Rs.4 billion Strong growth in Consumer, revenue up 68% YoY to Rs. 1.8 billion Agribusiness revenue increased by 44% YoY to Rs. 1.8 billion PAT increased to Rs. 1 billion, an increase of 88% YoY Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE:…
The Rural Enterprise Network (REN) store is scheduled to be launched to both Sri Lankan and international consumers on the 21st of August 2021 online. A social enterprise that focuses on the development of rural micro, small and medium enterprises (MSMEs) by supplying them with extensive marketing support, the REN Store strives to be the…
The Cruise ship “Navigator of the Seas”, under the agency of Prudential Shipping, called at the Hambantota International Port (HIP) for the purposes of receiving bunkers, marking another significant milestone in the diversity of the vessels calling HIP for bunkering. Bunkering is an important part of HIP’s energy services portfolio. Different categories of vessels calling…
Fitch Ratings : Fitch Ratings (Lanka) Limited has affirmed the National Long-Term Rating of Sampath Bank PLC at ‘AA-(lka)’. The Outlook is Stable. KEY RATING DRIVERS Sampath’s rating reflects its acceptable capitalisation and moderate domestic franchise, which are partly offset by its deteriorating asset quality. Sampath is Sri Lanka’s fifth-largest commercial bank, with about 7.5%…
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