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…
Sri Lanka Masters Hockey men teams will leave the country on Tuesday, August 9th 2022 to take part in the second Masters Hockey World Cup scheduled to be held from August 12-21 in Nottingham, England. Sri Lanka will play in both over 35 and over 40 age categories. The teams comprising of past national players…
Reuters – Sri Lanka has given approval for India’s Lanka Indian Oil Corporation (LIOC) to open 50 new fuel stations, a company official said on Monday, as part of efforts to reduce severe shortages that have crippled the island nation. Sri Lanka is caught in its worst financial crisis in more than 70 years as…
Washington based International Monetary Fund (IMF) recently stated that Sri Lanka should immediately talk with the Peoples Republic of China to get relief through debt restructuring to come out of the crisis at this very moment. These views came when SL approached the US based lending agency established after WWII to finance countries in need….
The Sri Lanka Embassy hosted the commencement ceremony, for a batch of Chinese students enrolled for the Master of Financial Economics Programme (MFE) – 2022 at the University of Colombo on 29 July 2022. The first batch comprises of 30 Chinese students. This followed after extensive efforts made by the Embassy to encourage Chinese students…
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