Expolanka Holdings PLC, reporting financial results for the first quarter of the 2024 financial year, that ended 30th June 2023, remained steadfast in consolidating performance and pursuing its long-term strategy. During the quarter under review, Expolanka Holdings demonstrated incredible resilience, with a revenue of Rs. 55.5 Bn and a Gross Profit of Rs. 11.2 Bn,…
Bloomberg – Sri Lanka tops the list of nations that may host a Chinese naval base in the coming years as Beijing seeks to expand its maritime capabilities, according to a new report. The South Asian nation’s Hambantota port is the most likely spot for a base given the US$2.19 billion China has already invested…
Business confidence tumbles to below the 100 mark in the face of multiple hurdles News about how the domestic debt optimisation framework (a.k.a. DDO) will unfold, an easing of monetary policy and the downward spiral in inflation have brought some respite to a beleaguered business community in the recent past. But we have yet to…
Sayuru, powered by Dialog Axiata PLC, partnered with Marine Environment Protection Authority (MEPA) on World Ocean Day in a shared mission to advance sustainable development initiatives for ocean conservation and waste management, which is also aligned with the 2023 environment day theme of Beating Plastic Pollution. As part of this collaboration, Sayuru will actively engage…
Reuters – Japanese automaker Toyota Motor (7203.T) said on Friday it sold 5.1% more vehicles in the first half of 2023 compared with the same period a year earlier, helped by an easing of semiconductor supply constraints and especially stronger demand in Japan. The company sold some 4.9 million vehicles globally in the six months through June,…
Governor of the Central Bank of Sri Lanka/The Chairman of the National Coordinating Committee, Dr Nandalal Weerasinghe, Attends the Asia Pacific Group on Money Laundering Annual Plenary, during 11th to 14th July 2023 in Vancouver, Canada Dr. Nandalal Weerasinghe, the Governor of the Central Bank of Sri Lanka in his capacity as the Chairman of…
The Committee on Public Finance chaired by Hon. (Dr.) Harsha de Silva expressed displeasure over the absence of the officials responsible who had been summoned before ethe Committee. The Committee was of the view that where matters pertaining to the Ministry is taken up for discussions, heads of the Ministry who are responsible and answerable…
By Indika De Zoysa As Sri Lanka emerges from years of economic challenges, the vision set forth by the DIGIECON 2030 program recently to drive the nation’s economy towards an inclusive digital landscape is both timely and promising. The State Minister of Technology, Kanaka Herath, has rightly highlighted the need to leverage advanced technology-based solutions…
The licence issued to TKS Finance Limited (TKSFL) to carry on finance business was cancelled on 19th September 2019 and the Central Bank of Sri Lanka (CBSL) had taken measures to pay compensation to the depositors under the Sri Lanka Deposit Insurance and Liquidity Support Scheme (SLDILSS) Regulations subject to a maximum of Rs.1,100,000. In…
Reuters – Mastercard (MA.N) has told financial institutions to stop allowing marijuana transactions on its debit cards, dealing a blow to an industry already on the fringes of the financial system in the United States. Most banks in the country do not service cannabis companies as marijuana remains illegal at the federal level despite several states legalizing…
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