Norfund, the Norwegian government’s investment fund, with a mission to support sustainably driven business operations in developing countries, recently signed a USD 14 million financing agreement with Hela Apparel Holdings PLC to bolster the development of its manufacturing operations in East Africa. NDB Investment Bank Limited acted as the Financial Advisor for the transaction. The…
Italian delegation of experts in Sri Lanka to increase travel, collaborations in culinary arts A bilateral dialogue on Tourism organised by the Italian Embassy in Colombo held recently brought together key stakeholders in the tourism and hospitality sectors from Sri Lanka and Italy with the goal of exploring and leveraging on synergies and opportunities for…
While acknowledging the many challenges facing the business community in Sri Lanka, the CEOs of Indian companies point to “enormous scope” for foreign direct investment The Hindu Business Line – Sri Lanka is reeling under last year’s crushing economic meltdown and consequent political turmoil, but it is still a good time to invest in the…
Over Rs. 122 Million donated via Star Points to Little Heart Project Since 2016 Coming together to make a lasting impact on the lives of children in Sri Lanka, 450,000+ Dialog customers donated over Rs. 27 million via Star Points towards Little Hearts initiative in 2022, where over Rs. 122 million has been donated to…
Land Valuation Indicator – Second Half of 2022 Land Valuation Indicator (LVI) for Colombo District increased by 14.8 per cent on a year-on-year basis to 205.2 during the second half of 2022. All sub-indicators of LVI, namely Residential LVI, Commercial LVI and Industrial LVI contributed to the overall increase. Commercial LVI recorded the highest annual…
Religious tourism, including places associated with Hindu mythology and Buddhist sites, and wedding destinations are attracting more tourists from India, says Chinthaka Perera, the airlines Manager for Andhra Pradesh and Telangana The Hindu – SriLankan Airlines has set its eyes on Visakhapatnam, the proposed new capital of Andhra Pradesh, as part of its global restructuring…
The United States and China will hold deputy-level talks between their finance officials on Friday to discuss debt and other issues on the sidelines of a G20 finance meet in India, two sources familiar with the matter told Reuters. U.S. Treasury Secretary Janet Yellen said on Thursday, ahead of a meeting of G20 finance ministers and…
Sunquick Lanka (Private) Limited, the local manufacturer of the much loved Sunquick fruit concentrate, Sunquick BiBi ready-to-drink (RTD), officially declared open its Sunquick RTD Manufacturing Facility in Horana on 23rd February,2023 , reassuring its strong presence in the Sri Lankan market. Gracing the special occasion were CO-RO A/S Denmark, President Søren Holm Jensen and Sunquick…
Achintha Hewanayake is a Veteran banker, Accountant, and IT specialist. CL Synergy Limited (CLS), is a fully-fledged Freight forwarding company, prioritizing flexibility, efficiency, and competitive pricing. Founded in 2004, CLS firmly believes in challenging the status quo. This is part of the ‘why’ that the company operates on and is very much part of its…
Fitch Ratings has affirmed the National Long-Term Rating of Sri Lanka-based telecom company Dialog Axiata PLC at ‘AAA(lka)’. The Outlook is Stable. The affirmation and Stable Outlook reflect Fitch’s view that Dialog will be able to maintain a credit profile commensurate with a ‘AAA(lka)’ rating in the next 12-18 months, despite lower demand for telecom…
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