Ambassador Dr. Palitha Kohona, attended the 5th Silk Road International Expo and China East-West Cooperation and Investment and Trade Fair in Xi’an, Shaanxi Province on 12 May 2021. Dr. Kohona was invited to attend the opening ceremony as a special guest. The opening ceremony was hosted by the Governor of Shaanxi Province Zhao Yide. Dr. Kohona…
Sri Lanka High Commission in South Africa initiated a new series of B2B meetings in collaboration with the Department of Commerce and the Exports Development Board of Sri Lanka to find new opportunities for the Sri Lankan exporters in the new normal post-Covid situation. Minara Chamber of Commerce in Durban, South Africa joined hands with…
Forum says next annual meeting to take place in 1st half of 2022, although precise venue, date yet to be decided The World Economic Forum (WEF) announced on Monday that its special annual meeting in Singapore, which was scheduled for August, would be canceled due to the uncertainty surrounding the COVID-19 pandemic. The forum said…
The Hambantota International Port has seen a significant increase in their RORO figures during the first 4 months of 2021, compared to the corresponding period last year. The first 4 months of this year saw 193,690 vehicles come into the port for transshipment as against 118,872 vehicles during the same period last year. 62,736 vehicles…
Piramal Glass Ceylon PLC (the “Company”) reported its annual results as at 31st March 2021, with a turnover of Rs. 8,532 Million and PAT of 1,096 Million as against Rs. 7,531 Million & Rs. 389 Million in the previous year, reflecting a y-o-y growth of 13% in revenue and a y-o-y growth of 181% in…
Panasian Power PLC (CSE:PAP.N) one of Sri Lanka’s leading green energy solutions providers, posted a consolidated net profit of Rs 248 million for the financial year ending March 31st 2021, signifying a growth of 63% compared to the financial year in 2019/20. The Group saw a revenue increase of 62% in the final quarter of…
Deposits base touches LKR 500 Bn Cost to income ratio significantly improves to 30.9% Profit before all taxes increases by 19% to LKR 3.5 Bn Post-tax profitability increases by impressive 34% to LKR 2.3 Bn National Development Bank PLC, the reigning winner of The Best Bank in Sri Lanka 2021 of Global Finance USA and…
Chrissworld Limited will be listed on the Empower Board of the Colombo Stock Exchange(CSE) with effect from 18th May 2021. The company will be listing 30,000,000 Ordinary Voting Shares and will be classified under “Industrials” sector. The listing of Chrissworld Limited is followed after a successful Initial Public Offering (IPO) held on 27th April 2021….
The Sri Lanka Export Development Board (EDB) has made arrangements to facilitate export-oriented industries based on the circulars issued by the Government Health Authorities to continue operations of their activities during lockdown of specific areas in the country and inter-provincial travel restrictions subject to stringent health regulations. Although travelling between provinces is restricted from 12th…
Bloomberg – Sri Lankan government debt is leading gains in Asian dollar bonds this year as investors bet that the nation will avoid defaulting on its short-term notes, with the help of a Chinese funding facility. Italian investment manager AcomeA SGR S.p.A., which added to its holdings of the nation’s debt securities last quarter, sees the…
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