Enhanced collaboration will see Emirates as a key partner of Huawei’s ecosystem Emirates has announced that it has signed a Memorandum of Understanding (MoU) with Huawei, one of the world’s top tech brands, to further extend its existing partnership. The enhanced collaboration will allow both brands to build awareness to a wider audience in the…
CDS offers Registrar Services for Issues IPOs enabled with E-Applications Virtual AGMs facilitate smooth processes during COVID Pandemic A dedicated unit for Asset Services E-Access and E-Connect to align with SDGs Central Depository Systems (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE) has recently diversified its service offerings. Globally, the…
The Information and Communication Technology Agency (ICTA) has digitised the country’s COVID-19 vaccine roll out, and citizens will be able to register for their vaccines on line starting this week. The digitisation, which will ensure a streamlined delivery of the preventive inoculations, currently being administered by state health services, was put together by the Agency,…
By virtue of the powers vested under Section 19 (1) read together with section 19 (2) of the Financial Transactions Reporting Act, No. 06 of 2006 (FTRA), financial penalties are imposed on Institutions for non-compliance with the provisions of the FTRA. The penalty may be prescribed taking into consideration the nature and gravity of relevant…
The Sri Lankan multinational Haycarb PLC reported revenue of Rs.25.4 billion, profit before tax of Rs. 4.49 billion and profit after tax of Rs. 3.56 billion for the financial year 2020/21. The earnings per share of equity holders of the company was Rs. 10.25 for the year. The Chairman of Haycarb PLC and its parent…
Dipped Products PLC (DPL), a global leader in protective handwear and a subsidiary of Hayleys PLC, delivered phenomenal growth in an extraordinarily challenging year to achieve the Company’s highest turnover and profit-before-tax in the financial year ending 31st March 2021. The DPL Group’s turnover increased by 52% to Rs.46.39 billion while profit before tax increased…
5G’s economic potential at risk as countries diverge on critical 6 GHz spectrum The global future of 5G is at risk if governments fail to align on licensing 6 GHz spectrum, the GSMA said today. The full speed and capabilities of 5G depend on the 6 GHz mid-band spectrum. Yet governments are already diverging: China…
Chrissworld Limited (CWL-N-0000) rang the market opening bell today to commence trading on the Colombo Stock Exchange (CSE) at the first ever fully Virtual Market Opening Ceremony organized by the CSE. The company listed 30,000,000 Ordinary Voting Shares and has been classified under “Industrials” sector. Chrissworld Limited is the first company to be listed on…
Showcasing its dominant market leadership and brand equity, the Singer Group announced a post-tax-profit of Rs.2.61 billion for FY 2020/21 from Rs.427.27 million achieved in the previous year. The Group also reported a profit-before-tax of Rs. 3.82 billion, a six-fold increase, compared to 2020/21. Singer Group’s revenue increased by 23% to Rs.67.41 billion, reflecting a…
Advocata Institute submitted a letter to all members of Parliament on Monday 3rd of May, on the proposed Colombo Port City Economic Commission bill. The letter addressed to all MPs, highlighting the potential opportunity the Port City project presents and observations on how to maximize the economic opportunities. The full letter can be read on www.advocata.org….
Video Story
