Subsidiary of Sunshine Healthcare Lanka, the first fully-integrated local healthcare company in Sri Lanka Sunshine Healthcare Lanka (SHL), the healthcare arm of the diversified conglomerate Sunshine Holdings PLC (CSE: SUN), officially commenced the operations of its subsidiary, Lina Spiro (Pvt) Ltd, Sri Lanka’s first Metered-Dose Inhaler (MDI) manufacturing plant in Kadawatha today. The State Minister…
The Road Development Authority has conducted a feasibility study to construct an elevated expressway to the new Kelani Bridge via Rajagiriya, connecting to the Outer Circular Highway (OCH) at Athurugiriya along with the Port Access elevated expressway which is currently under construction on World Bank funds. Accordingly, the Cabinet of Ministers has approved the proposal…
The Securities and Exchange Commission of Sri Lanka (SEC) has observed that unsolicited messages purporting to be stock tips/ investment advice with respect to listed companies are being circulated through short message service (SMS), websites and social media platforms like WhatsApp, Facebook, Twitter, YouTube etc. The SEC has noted that these messages have been directed towards…
The Cabinet approval has been given to establish diplomatic relations with the the State of Liechtenstein. Liechtenstein is a small, doubly landlocked country in Central Europe, bordered by Switzerland to its west and by Austria to its east. It is considered as one of the wealthiest countries in the world with higher industrial capability and manufacturing mainly medical drugs and electronic equipment….
Being one of the largest exporters in the Boat & Ship Building industry in Sri Lanka, Dhanusha Marine Lanka Exports (Private) Limited has proudly contributed to Sri Lanka’s exports, generating foreign exchange over 1 million USD per annum over the past few years while creating more than 150 employment opportunities. The fourth boat building factory…
The Central Bank of Sri Lanka (CBSL) yesterday (25) requested licensed commercial banks to refrain from entering into forward contracts of foreign exchange for a period of three months, with immediate effect. “In view of the need to avoid excess volatility in the foreign exchange market and the impact on banks’ risk management, the licensed…
The Foreign Ministers of Sri Lanka and Philippines have agreed to focus on new strategies to further strengthen the existing economic, political, social and international relations between both countries. The agreement has been reached during a telephone conversation that Foreign Minister Dinesh Gunawardena had on 23 January 2021, with Minister of Foreign Affairs Teodoro L. Locsin, to congratulate the Government of the Philippines on the 60th Anniversary…
The benchmark All Share Price Index (ASPI) crossed the 8,600 point mark today (25) to close at fresh all-time high of 8,694.35 points. This is a gain of 230.92 points ( or 2.73%) from the previous day of trading. Meanwhile, the S&P SL20 index which features the largest and most liquid stocks listed on the exchange also increased by 188.47 points (or 5.69%)…
Fitch Ratings – Colombo – 25 Jan 2021: Fitch Ratings has revised the National Long-Term Ratings of Sri Lankan financial institutions following the recalibration of the agency’s Sri Lankan national rating scale. The recalibration is to reflect changes in the relative creditworthiness among Sri Lankan issuers following Fitch’s downgrade of the sovereign rating to ‘CCC’…
Sri Lanka’s foreign policy must be fiercely independent and always be non-aligned, Samagi Jana Balawegaya (SJB) Parliamentarian Eran Wickramaratne stated. Speaking exclusively to Indeewari Amuwatte at the ‘@HydePark’ program on Ada Derana 24, Wickramaratne expressed the following: “Sri Lanka’s foreign policy must be fiercely independent, because we have come out of 500 years of colonial…
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