A master class in the appreciation of Ceylon Tea took place at 40,000 feet when Emirates and Sri Lanka’s premier brand Dilmah celebrated a 27-year partnership on board an Emirates A380 flying between Dubai and London. Held at the iconic A380 On-board Lounge by Dilhan Fernando, CEO, Dilmah Tea and the founder of Dilmah,…
(Reuters) – Sri Lankan shares gained for the first time in seven sessions on Thursday, helped by large-cap LOLC Holdings Plc, while the rupee ended higher. ** The benchmark stock index closed up 0.65% at 6,099.66, recovering from a near four-week closing low in the previous session. The bourse fell 1% last week, but is…
The Treasury has approved the payment bonus for 2019 for the employees of state-owned statutory bodies and fully state-owned companies. The Treasury has issued a circular in this regard to all Secretaries to Ministries, Heads of fully State owned Companies and Chairmen of all State Owned Enterprises (SoEs) SoEs eligible to pay bonuses have been…
The Central Bank of Sri Lanka held its annual flagship event, the 12th International Research Conference at the John Exter International Conference Hall of the Central Bank on 09 December 2019. The Conference was aimed at stimulating theoretical and empirical research on various contemporary macroeconomic policy issues and provided researchers from diverse backgrounds a platform…
A high level Asia Pacific Cooperative executive committee session opened in Colombo on 12 December-with significant emphasis on engagement of youth for cooperatives. “I am pleased to represent the government of Sri Lanka this morning at the launch of Annual Executive Committee Meeting of Network for the Development of Agricultural Cooperatives in Asia and the…
LOLC Holdings PLC today (12) announced that no finality has been reached to sell its stake in a unit in Cambodia. In a stock exchange filing the company said; “upon certain parties indicating their interest in acquiring a stake in Prasac Micro Finance Institution Limited, Cambodia, LOLC Holdings PLC has been in the process of exploring…
Executive Director of the Institute of Policy Studies of Sri Lanka (IPS), Dr. Dushni Weerakoon this week highlighted the critical role tax policies can play in spurring economic growth of a country, specially a developing country. Addressing the 23rd Annual Oration on Taxation organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka)…
The Colombo Stock Exchange (CSE) is to conduct a planned Full day of trading from the Disaster Recovery site using ATS Version 7 Disaster Recovery Solution on Friday 13th December 2019 as a part of its routine Business Continuity Planning (BCP). The exercise will be an industry wide activity with the participation of all stakeholders,…
The One Transworks Square (Pvt) Ltd. took its rightful place among the Asia’s finest real estate players as it scored a major win at the prestigious PropertyGuru Asia Property Awards 2019 held in Bangkok, Thailand. The PropertyGuru Asia Property Awards is a highly-regarded accolade, recognising excellence in real estate, development, design and innovation. The event saw…
Bloomberg: LOLC Holdings Plc, Sri Lanka’s second-largest publicly traded company by revenue, plans to sell its stake in a unit in Cambodia and use the proceeds to fund acquisition of microfinance firms in emerging markets from Brazil to India. LOLC Holdings plans to sell its 70% stake in Prasac Microfinance Institution Ltd., which also counts Hong…
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