Decision taken by SL Govt and SLC due to Covid-19 situation in Island Nation Sri Lanka Cricket wishes to announce that the Lanka Premier League will be held from 27th November to 17th December 2020 and will only be played at the MRICS, Hambantota. The latest revision, both in the commencement date and the venue,…
The main index of the Colombo Stock Exchange, the All Share Price Index (ASPI) crossed the 6,000 mark today (05). The ASPI increased by 98.20 points or 1.66% to close at 6,004.11 whilst the S&P SL20 Index also increased by 1.28% or 29.57 points to close at 2,347.40. Meanwhile, the market recorded a daily turnover of Rs.4.28 billion. During the month of September,…
Sri Lanka’s multi-geographic, multicurrency and multicultural financial conglomerate LOLC Holdings PLC is planning to make forays into new countries in 2020/ 21 while further strengthening its existing businesses. “Our success in global markets inspires us to enter new markets and we have exciting plans, to make forays into new countries in 2020/21,” LOLC Holdings PLC…
Fitch’s liquidity ratio shows; Indonesia, Mongolia (B/Stable), Sri Lanka (B-/Negative), Pakistan (B-/Stable) and Laos (CCC) all have ratios below the median for their rating categories. A rise in foreign-exchange reserves across Fitch-rated sovereigns in the Asia Pacific (APAC) over the last two quarters has bolstered external buffers and should support ratings. However, the trend also…
Sampath Bank PLC announced the appointment of Don Ajantha de Vas Gunasekara as Executive Director to its Board of Directors with immediate effect. The resolution on this appointment was passed by the Board at the meeting held on 29th October 2020. Ajantha currently serves as the Group Chief Financial Officer (GCFO) of Sampath Bank PLC, a position he…
The Ceylon Chamber of Commerce will be organizing the 20th Sri Lanka Economic Summit (SLES) on the 1st and 2nd of December 2020 and will be conducting the summit virtually for the first time in its history. The theme of the Summit is ‘Roadmap for Take-Off: Driving a People-Centric Economic Revival’. The two-day virtual event…
Sri Lanka’s national carrier, SriLankan Airlines, carried 200,000 COVID-19 Antigen Rapid Diagnostic Test Kits to Colombo from Seoul via Hong Kong as a continuation of their efforts in supporting the health sector of Sri Lanka, as the island continues to battle the virus. Issuing a statement, SriLankan Airlines, assured its continued support to the country as the…
An official statement from Keells Supermarkets
The Government has allocated more than Rs.7.3 billion (Rs 7355.53 million) to provide relief to the people in the quarantine process to control the Covid-19 virus outbreak, the Government Information Department stated today (04) “These funds have been allocated for the above activities up to now after the Covid-19 virus was reported in the Divulapitiya…
NEW DELHI: Global private equity Bain Capital has joined the race to acquire a controlling stake in Ajay Piramal-promoted Piramal Glass Private Limited (PGPL), two people directly aware of the development told Mint, requesting anonymity as the discussions are private. According to the people cited above, Bain Capital’s offer which came over the weekend is…
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