BPPL Holdings announced today its unaudited financial results for the three month period April to June 2022. Net earnings for the quarter were Rs.300 million or Rs. 0.98 per share, up by 188% compared to the corresponding period in the previous year where the net earnings were Rs.104 million or Rs.0.34 per share. YoY revenue…
Popular short-form video platform TikTok has released its latest Community Guidelines Enforcement Report for Q1 2022 (January – March 2022), including updates on its commitment to support the safety of the community and foster kindness on the platform. The report reflects the platform’s ongoing commitment to earn trust by being accountable while working to be…
Sri Lanka will need to emerge from its current state of chaos before the International Monetary Fund can step in with a bailout, according to a professor from Johns Hopkins University. “The IMF cannot… interact with the government when things are in a continuing crisis mode. So until the government stabilizes, until they have a…
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100) increased to 58.9% in June 2022 from 45.3% in May 2022. This increase in Y-o-Y inflation was driven by the monthly increases of both Food and Non-Food categories. Accordingly, Food inflation (Y-o-Y) increased to 75.8% in June 2022…
Seylan Bank PLC recently announced the appointment of Mr. Lakshman Silva as an Independent Non-Executive Director to its Board of Directors with effect from 18 July 2022. No stranger to the banking industry, Mr Silva is well-known for his invaluable service leading DFCC Bank PLC and its subsidiaries for over three decades. He also served…
Sri Lanka has faced months of demonstrations over shortages of food and fuel amid the worst economic crisis in the island nation’s history. Lawmakers on Wednesday picked Prime Minister Ranil Wickremesinghe as president, to take over from Gotabaya Rajapaksa who fled the country. CNBC – Business confidence in Sri Lanka is at its lowest in years,…
By Prof. Samitha Hettige Sidelining of JR Jayawardena within the UNP came to a peak in early 1970s by the Senanayake camp. Many expected him to cross over to the SLFP which was running the country but JR never gave up (Ref memories of late ACS Hameed). In 1973 JR became the leader of the…
The Information and Communication Technology Agency (ICTA) wishes to inform the public that the official and government-endorsed National Fuel Pass can only be obtained via http://fuelpass.gov.lk. We urge the public to be vigilant about unauthorized sites that are trying to collect personal information.
With the outbreak of the COVID-19 pandemic, the Central Bank of Sri Lanka (CBSL) has introduced several concessionary schemes since March 2020, to assist affected borrowers. Such concessions include concessionary debt moratoriums, loan restructuring/rescheduling, suspension of recovery actions, low-cost working capital loans and waivers of fees and charges for certain banking transactions. These concessions were…
Georgieva says global outlook to be downgraded as recession risk ‘has gone up’ Nikkei Asia (TOKYO) – The International Monetary Fund hopes to complete rescue talks with Sri Lanka “as quickly as possible,” Managing Director Kristalina Georgieva said on Wednesday, hours before the crisis-hit South Asian nation elected a new president. Speaking with Nikkei Asia…
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