Key rate hiked by 25 bps, as expected Rate rise was the first since Dec 2018 C.bank says economy continues to gain traction C.bank says rate hikes to be gradual Sees inflation falling back to its target in 2023 BANGKOK, Aug 10 (Reuters) – Thailand’s central bank raised its key interest rate for the first…
Interactive Dialogue on “Revenue Generation as a Pathway to Sri Lanka’s Economic Recovery” held with the participation of Members of Parliament An Interactive Dialogue on “Revenue Generation as a Pathway to Sri Lanka’s Economic Recovery” was held yesterday (09) at the Parliament Complex with the participation of Members of Parliament. Mr. Marcos Neto, Director of…
Bangladesh’s finance minister AHM Mustafa Kamal also said Sri Lanka’s crisis highlighted that China had not been rigorous enough in deciding which projects to support. Hindustan Times – Bangladesh’s finance minister AHM Mustafa Kamal has warned that developing countries must think twice about taking more loans through China’s Belt and Road Initiative as global (BRI) inflation…
Forex losses continue to impact profitability as LKR depreciated against USD by 80% and 23% during 1H 2022 and Q2 2022 respectively Forex normalized NPAT at 0Bn for 1H 2022 and Rs1.6Bn for Q2 2022 Total Taxes Paid to GoSL 9Bn for 1H 2022 which included Rs9.2Bn in Direct and Rs7.7Bn in Indirect Taxes; The…
A familiarization program for South Indian media groups to promote ‘The Murugan Trail’ in Sri Lanka, has been organized by Sri Lanka Deputy High Commission in Chennai in collaboration with the Sri Lanka Tourism Promotion Bureau, from 03 to 11 August 2022. The objective of this program is to promote the Katharagama Esala Festival, which…
Amidst a turbulent economic environment, and significant disruption to the economy, as a result of Sri Lanka’s multiple crises of economy, energy and foreign exchange, DFCC Bank has continued to deliver value to all stakeholders. The Bank has recorded a moderate performance for the 1st half of the year, ended 30th June 2022, battling against…
Quarterly Financial Review Tokyo Cement Group (Tokyo Cement) reported its financial performance for the first quarter ending on 30th June 2022, with a turnover of Rs. 16,307 million reflecting a year-on-year growth of 53%. The Group recorded a profit of Rs. 535 million, reflecting a marginal Profit After Tax ratio of 3.3%. Profitability was primarily…
Consolidated revenue of Rs.11.7 billion Healthcare revenue up 46% YoY to Rs.5.8 billion Strong growth in Consumer, revenue up 109% YoY to Rs.3.9 billion Agribusiness revenue increased by 32% YoY to Rs.1.9 billion PAT increased to Rs.1.6 billion, an increase of 54% YoY Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) continued to demonstrate…
Showcases resilience in business model Sri Lanka Telecom Group (SLT Group), the National ICT Solutions Provider, posted stable growth for the first half of 2022, with revenues increasing by 6% to Rs 52.9 Bn and a 19.8% increase in profit before tax (PBT) at Rs. 7.2 Bn against the same period last year, showcasing resilience…
The Japanese Grant Aid for Human Resources Development Scholarship (JDS) Programme was introduced to Sri Lanka in 2010 by the Government of Japan in order to provide opportunities to the executive level public sector officials to undergo Master Degree Programmes in prominent universities in Japan. Accordingly, the First Framework (2010-2013), the Second Framework (2014-2017) and…
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