The Rural Enterprise Network (REN) store is scheduled to be launched to both Sri Lankan and international consumers on the 21st of August 2021 online. A social enterprise that focuses on the development of rural micro, small and medium enterprises (MSMEs) by supplying them with extensive marketing support, the REN Store strives to be the…
The Cruise ship “Navigator of the Seas”, under the agency of Prudential Shipping, called at the Hambantota International Port (HIP) for the purposes of receiving bunkers, marking another significant milestone in the diversity of the vessels calling HIP for bunkering. Bunkering is an important part of HIP’s energy services portfolio. Different categories of vessels calling…
Fitch Ratings : Fitch Ratings (Lanka) Limited has affirmed the National Long-Term Rating of Sampath Bank PLC at ‘AA-(lka)’. The Outlook is Stable. KEY RATING DRIVERS Sampath’s rating reflects its acceptable capitalisation and moderate domestic franchise, which are partly offset by its deteriorating asset quality. Sampath is Sri Lanka’s fifth-largest commercial bank, with about 7.5%…
The Information and Communication Technology Agency (ICTA) of Sri Lanka announced that Professor Lalith Gamage would step down as chairman with effect from 5th August 2021. However, he would continue to serve the ICTA Board. Professor Lalith Gamage has been instrumental in setting the foundational strategy for ICTA towards a path of driving digital transformation,…
The Sri Lanka Export Development Board (EDB) is collaborating with The Ceylon Chamber of Commerce (CCC), and the United States Agency for International Development (USAID) supported Partnership for Accelerating Results in Trade, National Expenditure and Revenue (PARTNER) Activity to implement a capacity building programme for Development Officers attached to EDB. This initiative will train EDB…
High Commissioner of India to Sri Lanka Gopal Baglay called on Foreign Minister Dinesh Gunawardena on 03 August, 2021. Minister Gunawardena thanked the government and the people of India for extending assistance to Sri Lanka in combating the COVID 19 pandemic and appraised the opening of the country for economic activities. The High Commissioner Baglay also appreciated Sri Lanka for…
Facebook has announced that Facebook Marketplace is now available in Sri Lanka, making it easier for people to discover, buy and sell items from others in their local communities. Jordi Fornies, Director of Emerging Markets, APAC at Facebook said: “We know that people are increasingly shopping online, especially during the COVID-19 pandemic. We are excited…
Standard Chartered Sri Lanka together with Standard Chartered China recently organised the ‘Showcase Sri Lanka: 2021 China – Sri Lanka Virtual Investor Forum’ to highlight the partnership potential between the two countries and the emerging strategic opportunities in a shifting global landscape. This webinar was the first initiative undertaken through the partnership between Standard Chartered…
3-month Group revenue up 119% to Rs 10.4 billion PBT grows to Rs 385 million; Q1 net profit tops Rs 310 from loss of Rs 31.5 millio Teejay Lanka PLC has made an encouraging start to FY 2021-22 with solid top and bottom line growth in the three months ending 30th June 2021, shrugging off…
Q2 2021 Revenue at Rs35.1Bn up 7% QoQ while EBITDA is at Rs14.2Bn up 4% QoQ; YTD Revenue at Rs67.9Bn while EBITDA recorded at Rs27.9Bn Direct and Indirect Taxes, Fees and Levies to GoSL – Rs11.7Bn for 1H 2021 Capex Investments at Rs6.5Bn during 1H 2021 while Total Investments since start of the Pandemic in…
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