The Sri Lanka Retail Forum (SLRF) 2023 conducted by the Sri Lanka Retailers Association (SLRA) on 1st March, 2023, will address many of the pressing challenges currently faced by the industry, and explore proven strategies and vital avenues to explore to ensure stability and sustainability for the industry, SLRA President Murali Prakash stated. Against a…
To support Sri Lanka amid an ongoing economic crisis, the International Finance Corporation (IFC) is providing a cross-currency swap facility to three of the country’s leading national banks that deal with over 30 percent of Sri Lanka’s remittances and exports. It will support the private sector with critical financing, contributing to the country’s urgent need…
Income grows 71% to Rs 280.4 Bn. for the year and 94% to Rs 84.8 Bn. in Q4 Record impairment provisioning for the year – up 186% to Rs 71.9 Bn.; Rs 46.8 Bn. increase for 2022 for US$ denominated Government Securities and Stage 2 & 3 loans Assets approach Rs 2.5 Tn., recording a…
In a bid to further facilitate investors through speedy approvals for investment projects, thereby easing the ease of doing business, the Board of Investment of Sri Lanka (BOI) will be granted more powers in future, Investment Promotion State Minister Dilum Amunugama stated. He stressed that the new powers would see investors being given more efficient…
Norfund, the Norwegian government’s investment fund, with a mission to support sustainably driven business operations in developing countries, recently signed a USD 14 million financing agreement with Hela Apparel Holdings PLC to bolster the development of its manufacturing operations in East Africa. NDB Investment Bank Limited acted as the Financial Advisor for the transaction. The…
Italian delegation of experts in Sri Lanka to increase travel, collaborations in culinary arts A bilateral dialogue on Tourism organised by the Italian Embassy in Colombo held recently brought together key stakeholders in the tourism and hospitality sectors from Sri Lanka and Italy with the goal of exploring and leveraging on synergies and opportunities for…
While acknowledging the many challenges facing the business community in Sri Lanka, the CEOs of Indian companies point to “enormous scope” for foreign direct investment The Hindu Business Line – Sri Lanka is reeling under last year’s crushing economic meltdown and consequent political turmoil, but it is still a good time to invest in the…
Over Rs. 122 Million donated via Star Points to Little Heart Project Since 2016 Coming together to make a lasting impact on the lives of children in Sri Lanka, 450,000+ Dialog customers donated over Rs. 27 million via Star Points towards Little Hearts initiative in 2022, where over Rs. 122 million has been donated to…
Land Valuation Indicator – Second Half of 2022 Land Valuation Indicator (LVI) for Colombo District increased by 14.8 per cent on a year-on-year basis to 205.2 during the second half of 2022. All sub-indicators of LVI, namely Residential LVI, Commercial LVI and Industrial LVI contributed to the overall increase. Commercial LVI recorded the highest annual…
Religious tourism, including places associated with Hindu mythology and Buddhist sites, and wedding destinations are attracting more tourists from India, says Chinthaka Perera, the airlines Manager for Andhra Pradesh and Telangana The Hindu – SriLankan Airlines has set its eyes on Visakhapatnam, the proposed new capital of Andhra Pradesh, as part of its global restructuring…
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