Expolanka Holdings PLC have announced its financial performance for the quarter ending 30th September 2023, having successfully navigated through challenging market conditions, demonstrating resilience and adaptability while focusing on long-term strategy. During the quarter under review, Expolanka Holdings reported a Revenue of Rs. 61.5 billion, with a Gross profit of Rs. 12 billion and a…
SMEs readying to weather cascading impacts of global economic challenges JIA MODA shifted manufacturing base to Sri Lanka 20 years ago, headquartered in Paris Cites Sri Lanka’s latent talent to develop high-end apparel the competitive edge With global economic challenges impacting Sri Lanka’s apparel sector, small and medium enterprises (SMEs) are moving from the drawing…
The United States, through the U.S. Agency for International Development’s (USAID) Ocean Plastics Reduction Activity, and Gunadamin Elephant House of Ceylon Cold Stores PLC (CCS) have solidified their alliance through a Memorandum of Understanding. This collaboration aims to establish Sri Lanka’s inaugural plastic recyclable collection network and material recovery facility, led by women, emphasizing the separation and…
Move seeks to enhance customer convenience, foster economic growth and deepen diplomatic ties Nations Trust Bank PLC announced a step forward in addressing the growing needs of customers while aligning with the recent directive from the Central Bank of Sri Lanka (CBSL) with the introduction of the Indian Rupee (INR) as a designated foreign currency….
The orders made under the Colombo Port City Economic Commission Act No. 11 of 2021 published under the Gazette Notice Notification. 2339/31 were approved by the Committee on Public Finance. A lengthy discussion was held regarding the 10 business companies active in the Colombo Port City and attention was paid to the problematic situations regarding…
PwC Sri Lanka today announced the retirement of its Territory Senior Partner, Sujeewa Mudalige, effective October 27, 2023, after serving the firm for over 25 years. Earlier the Sri Lanka firm of the PwC network had announced their decision to exit the network. The firm intends to join the Deloitte network, with effect from 28…
The Colombo Stock Exchange (CSE) is pleased to announce a groundbreaking development in the Sri Lankan stock market with the launch of Regulated Short Selling (RSS) through Stock Borrowing and Lending (SBL), with effect from 06 November 2023. The initiative aims to promote market efficiency, liquidity, and investor confidence while fostering economic growth, aligning with…
Emphasizes the role of IT for Sri Lanka’s future and its significance for national success. President Ranil Wickremesinghe addressing the National ICT Awards NBQSA 2023, held in Colombo, yesterday (25), organised by the British Computer Society the Chartered Institute for IT – Sri Lanka Section, emphasized the paramount significance of digital transformation in securing Sri…
Expect to bolster speedier and convenient service to investors The Central Depository Systems (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), recently signed an agreement with LankaPay, Sri Lanka’s National Payment Network, joining its Online Payment Platform to develop an innovative payment platform to facilitate a seamless and a secure payment experience…
In a strategic move to revitalize Sri Lanka’s domestic economy, the government is placing a strong emphasis on two key components: expanding supply capacity and broadening market access. This multifaceted growth strategy aims to propel the nation toward economic recovery. As part of this endeavour, Sri Lanka is not only looking to strengthen its ties…
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