The Ceylon Chamber of Commerce welcomes the call by President Ranil Wickremesinghe to initiate the formation of an All-Party Government, as a concerted and united effort is necessary to address the current challenges facing the country. At this extremely crucial juncture for Sri Lanka, all political parties must join hands and put Sri Lanka First…
NEW DELHI: India expects bilateral industry value $8-9 billion with Russia and Sri Lanka within the subsequent two months after it allowed world industry in rupees, India’s industry secretary stated. The Reserve Bank of India remaining month allowed importers and exporters to pay within the in part convertible rupee, a transfer extensively observed as making…
(Reuters) – Sri Lanka will restart bailout talks with the International Monetary Fund (IMF) in August, its new president said on Wednesday, while calling on lawmakers to form an all-party government to resolve a crippling economic crisis. In a speech in parliament, President Ranil Wickremesinghe said that constitutional amendments were required to curtail presidential powers –…
hSenid Business Solutions (hBS) reported yet another favourable earnings result for the period ended 30 June 2022. Net profits for the quarter came in at LKR 202.4 million, compared to a profit of LKR 7.3 million in the corresponding quarter of the previous financial year, recording an LKR 0.73 earnings per share. Growth in the…
The Exporters’ Association of Sri Lanka (EASL) welcomes the measures taken by the CBSL, as outlined in their communication of 29thJuly titled “Importance of Fair Play by all Stakeholders of the Economy in countering the current unprecedented economic crisis”. As a responsible association, the EASL supports the CBSL in its measures to “strictly monitor and…
A total of Rs. 4.7 billion raised Both IPOs oversubscribed multiple times CSE invites corporates to actively explore alternate paths that have been introduced Taking into account the role played by capital markets in the growth of the corporate sector and the importance of offering multiple avenues through which companies aspiring for growth can access…
Revenue of Rs. 235.1Bn (YoY +146%), Gross Profit of 36.9Bn (YoY +156%) Profit after tax of Rs. 20.1Bn (YoY +220%) Over 95% of Expolanka Holdings PLC revenue comes from its international operations. Expolanka Holdings PLC, Sri Lanka’s leading listed entity with interests in logistics, leisure and Investments, having a global presence in 34 countries and…
The Board of Investment (BOI), the apex organization committed to driving investments into the country, introduces the “Partnership Finder” (PF), a new strategic initiative to attract investment from existing investors in the country and to facilitate business partnerships with foreign and Sri Lankan companies/investors. This interactive platform provides the BOI registered investors and other prospective…
South Asian nation among handful that scores high in all key criteria – Stretchline Globally successful manufacturing destinations for high-end apparel have three defining characteristics. Firstly, they have robust secondary supply chains – which are critical to ensuring the timely availability of all required inputs. The importance of this becomes apparent once you consider that…
The host of digitized and paperless services, adopted by the Information Technology (IT) Department in collaboration with other departments of the Board of Investment (BOI) in a bid to curtail excess expenditure and facilitate customer touch points, have proven track record of success, which is evident with the experience shared by a local investor with…
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