ETI and AAFA have extended their support to the apparel industry. JAAF welcomes this move as it complements and enhances worker welfare measures already taken by the industry. Demonstrates international brands commitment to Sri Lanka as a long term sustainable partner As Sri Lanka struggles under the weight of the ongoing economic crisis with power…
– Healthy Revenue performance in the first six months resulting in 50% YoY growth in Operating Income – PBT of LKR4.6Bn and PAT of LKR 2.7Bn in 1H22 supporting further Capital formation – Tier I Capital at 12.24% and Total Capital Adequacy at 14.58%, well above regulatory levels – Exposure to USD denominated Sovereign Debt…
The Central Bank of Sri Lanka (CBSL), with a view to broadening its engagement with key stakeholders of the economy, established the Stakeholder Engagement Committee (SEC) by replacing the Monetary Policy Consultative Committee (MPCC) and the Financial System Stability Consultative Committee (FSSCC) of the CBSL that were in operation previously. The SEC is chaired by…
Travel Weekly – Tui holidays to Sri Lanka will continue to be cancelled until the end of the month. The latest extension was announced Wednesday (10) due to the ongoing political and economic instability in Sri Lanka. It comes as the Foreign, Commonwealth & Development Office (FCDO) continues to advise against all but essential travel…
Reuters – Latvia and Estonia withdrew from a cooperation group between China and over a dozen Central and Eastern European countries on Thursday, following in the footsteps of Baltic neighbour Lithuania which withdrew last year. The move comes amid Western criticism towards China over escalating military pressure on democratically ruled Taiwan, which China claims as…
Citrus Leisure’s properties, Citrus Waskaduwa and Citrus Hikkaduwa, recently launched a special free shuttle service for guests, to and from the closest train stations, to provide a novel and exciting, hassle-free travel experience, which makes it easier to access the properties. While the initiative was launched on the 4th of July 2022, in response to…
Perceived Economic Opportunity Index 2022 [PEOI] Q2: April 01 to June 30, 2022 The Foundation of Economic Freedom in Sri Lanka (FEFSL) presents here a summary of perceptions of the people of Sri Lanka about their own and the nations’ future as at the second quarter of 2022. This monthly nation-wide tracking study, reported quarterly,…
Sampath Bank continued to maintain a solid capital base and stable liquidity profile in the first half of 2022 notwithstanding multiple economic challenges. The Bank remains vigilant in identifying the current economic issues and has continued to implement in a proactive manner the required countermeasures, clearly demonstrating its strength and stability. In line with that…
Seylan Bank recorded Profit after Tax of Rs. 1,504 Million for the 6 months ended 30th June 2022 against Rs. 2,105 Million reported in the corresponding period of 2021. Statement of Financial Performance Net Interest income increased from Rs. 10,971 Million to Rs 16,851 Million, a growth of 53.60% over the previous year for the…
Q1 revenue more than doubles to Rs 23.9 billion Teejay Lanka PLC has made a positive start to 2022-23 posting Group revenue of Rs 23.9 billion for the three months ending 30th June 2022. The Group achieved nearly half its full-year revenue of 2021-22 in just the first quarter of the new financial year as…
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