Streamlining approval process and submission requirements Introducing ‘Single Window’ approach to assist companies looking to list on the CSE Plans online tracking tool for companies to gain more transparency of listing process The Colombo Stock Exchange (CSE) has launched an action plan to address key areas relating to the process of listing a company on…
The Ministry of Health in partnership with Dialog Axiata PLC (Dialog), has enabled high-speed PCR testing at the Bandaranaike International Airport (BIA). Dialog’s contribution of 4,000 Robotic Arm compatible test kits forms a part of the company’s ongoing commitment to empower the national healthcare efforts during the COVID-19 pandemic. In April 2020, Dialog pledged a…
Sri Lanka’s gross official reserves were down by US$807.8 million to US$ 5,858.5 million in October 2020 from US$ 6,666.3 million in September 2020, latest Central Bank data showed. By the end of October, foreign currency reserves were 5,384.9 million dollars while the reserve position in the IMF was 67.6 million dollars. Reserves in Gold…
As the oldest mercantile establishment in Sri Lanka, George Steuart & Company has contributed to the betterment of the nation for nearly two centuries, whilst making enormous strides in diverse fields of business. George Steuart Health was established nearly 33 years ago and since then, has partnered with over 60 principals from across the globe,…
Official statement from MAS Holdings The wellbeing of our employees is the number one priority at Bodyline and despite having stringent health and safety protocols, we have unfortunately experienced positive COVID cases in 2 of our 3 facilities- Horana (68 cases), Agalawatte (01 case) In each of these instances, we have acted immediately to close…
A Memorandum of Understanding (MOU) was signed on 6th November 2020 between the Sri Lanka Export Development Board and COFCO Womai Investment Co., Ltd to establish an online National Exhibition Hall to promote Sri Lanka’s export products in the www.womai.com e-commerce platform as a parallel activity to the Sri Lanka’s participation at the 3rd China…
The remittance flow to Sri Lanka is projected to decline by 9% in 2020 due to the economic crisis induced by Covid-19 pandemic and shutdown, according to a World Bank report published recently. “The coronavirus-related global slowdown and travel restrictions will also affect migratory movements, and this is likely to keep remittances subdued even in…
Having identified the national importance of revamping the businesses affected by COVID-19 pandemic, the Central Bank of Sri Lanka (CBSL), in consultation with the Government of Sri Lanka, implemented Saubagya COVID-19 Renaissance Loan Scheme Facility in 3 phases to provide working capital loans at the interest rate of 4% per annum, with a repayment period…
Tea auctions this week saw fair demand and the overall auction quantity recorded an increase this week and totalled 5.9 M/Kgs, Forbes and Walker said in its latest report. Ex-Estate offerings total around 0.75 M/Kgs in comparison to the 0.6 M/kgs on offer the previous week and demand was centred around teas at the lower…
“Resilient performance by JKH in second quarter as Group EBITDA excluding Leisure grows by 15 per cent; businesses display strong recovery momentum” Sri Lanka’s foremost conglomerate, John Keells Holdings (JKH), showed resilient performance in second quarter as Group EBITDA excluding Leisure grew by 15% and businesses displayed strong recovery momentum. Company’s Chairman, Krishan Balendra said in…
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