As TV Derana celebrated its 14th anniversary recently, marking consecutive years at the forefront of the media industry in Sri Lanka, it was strongly supported by trusted long-time digital partner – Fortunaglobal, which has developed web portals and mobile applications for Derana and Ada Derana to help achieve its successful digital revolution. Today, Adaderana.lk is…
Global sovereigns enter 2020 with the world economy slowing and policymakers debating what to do about it, says Fitch Ratings. Most countries are exposed to the trade dispute between China and the US, making it more difficult to calibrate domestic policy settings given the international uncertainties. Fitch expects the widespread monetary easing in 2H19 to…
The United Nations Children’s Fund (UNICEF) today rang the Opening Bell to commence trading at the Colombo Stock Exchange (CSE) in celebration of the 30th anniversary of the United Nations Convention on the Rights of the Child (UNCRC) and to mark World Children’s Day. The UNCRC, known as the international law on childhood, came into…
The Deputy Governor to Central Bank of Sri Lanka Mr. S.R. Attygalle who has been appointed as the Secretary to Ministry of finance and the Secretary to Treasury by President Gotabaya Rajapaksa assumed duties in his new post at the Ministry of Finance, Secretariat Bldg, Colombo 01 Wednesday November 20, 2019. Mr. Attygalle who is…
Sri Lanka Telecom PLC (SLT) announced its financial results for the first nine months of 2019, which again proven to be strong and impressive. The Profit After Tax (PAT) of the Group for the first nine months of 2019 reported at Rs. 5.0 Bn with a 25% YoY remarkable growth compared with the same period the…
The Hambantota International Port (HIP) entered into a partnership with the National Apprentice and Industrial Training Authority (NAITA), to provide training programmes for youth in areas adjacent to the port. The program has been developed with a view to ready trainees for possible employment in port and allied industries. NAITA is no stranger to the…
Mangala Yapa has tendered his resignation from the position of Chairman of the Board of Investment (BOI) and ceased to function as the Technical Advisor to Minister of Development Strategies and International Trade with effect from 18 November, ending a short tenure in the public service. “I resigned on my own volition. BOI chairmanship (and…
Ocean Lanka (Pvt.) Ltd., Sri Lanka’s largest weft knitted fabric manufacturer, has recently received the honor of achieving the status of system partnership with Bluesign®. Bluesign® is a Swiss holistic system that provides solutions in sustainable processing and manufacturing to industries and brands. Ocean Lanka stands out as the first evermanufacturer within the textile and…
Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) posted consolidated revenue of Rs. 10.5 billion, resulted in a 3.0% Year-on-Year (YoY) decrease. Consolidated revenue of the Group decreased due to the sale of a majority stake in the tea plantation business represented by Hatton Plantations PLC (HPL) during the first quarter. Profit after tax…
(Reuters) – Sri Lankan shares hit their highest level in more than a year on Tuesday, while the rupee rose to a three-month peak, as former wartime defence chief Gotabaya Rajapaksa assumed his presidential duties. ** Rajapaksa assumed office as the seventh president of the island nation on Tuesday after he won elections over the…
