COLOMBO, Feb 22 (Reuters) – Sri Lanka is open to discussions with the International Monetary Fund (IMF) and other multilateral lenders for assistance, a cabinet spokesman said on Tuesday, as it faces its worst economic crisis in years. “Sri Lanka has sought IMF assistance multiple times in the past and we are still open to…
The Government of Sri Lanka is closely monitoring the situation in Ukraine in the context of recent developments. The Sri Lanka Embassy in Ankara, concurrently accredited to Kyiv, is in close contact with the over forty Sri Lankan nationals, including fourteen students, residing in Ukraine, with a view to ensuring their safety and welfare. While…
Entrepreneurs can rectify misconceptions : President Government’s COVID control process helped in protecting business… Improve tourism facilities… Let’s expand higher education opportunities within the country… : Entrepreneurs propose President Gotabaya Rajapaksa invited local entrepreneurs to invest in local industries and join in the process of nation building. The President made these remarks at a discussion held…
Announcement by Hayleys Free Zone Ltd. regarding the containers containing waste material brought to Sri Lanka from the United Kingdom. Under the BASEL Convention, it is a direct violation to import waste between two countries, and as a result, under the initiative of the Central Environmental Authority and the Sri Lanka Customs, action has been…
Group PAT of Rs 20.1 Bn Bank PAT of Rs 17.3 Bn Total Deposits surpass Rs 1 Trillion during the year Gross Loans grow by Rs 114 Bn NPA ratio improves to 3.38% Capital and liquidity well above statutory limits Hatton National Bank PLC (HNB) solidified its position as one of the most sustainable and…
Following the conclusion of its successful listing on the Colombo Stock Exchange, Hela Apparel Holdings has expanded its global footprint by formally commencing operations at its latest factory in Egypt recently. The much-awaited expansion will enable the company to provide an attractive nearshore manufacturing offering, strengthening the organization’s focus on providing the world’s leading apparel…
The Silk Road Journal by Mahika Ming As per the famous Chinese folk tale, the world was in total darkness having never seen light and people could not imagine what light was. One day ten brave red Crows began a journey to bring light to the dark world. They flew through dangerous paths till they…
The Sri Lanka Australia and New Zealand Business Council (SLANZBC) of the Ceylon Chamber of Commerce recently hosted an evening of business promotion and networking to commemorate 25 years of facilitating bi-lateral trade and cooperation between Sri Lanka, Australia and New Zealand. While welcoming the first resident High Commissioner of New Zealand in Sri Lanka,…
Panasian Power PLC (PAP), a leading supplier of renewable energy to Sri Lanka’s national grid recently commissioned two ground solar power projects, 1 MWac ground solar plants in Mahawa (also known as Maho), and Pannala, both in the North Western province of the country. The project is worth a total investment of LKR300 million. The…
Financial Results for the year ended 31 December 2021 DFCC Group recorded a PAT of LKR 3.7 Bn. Advances grew by LKR 64 Bn to LKR 366 Bn (21% growth). Deposits grew by LKR 10 Bn to LKR 320 Bn (3% growth). Despite unprecedented challenges faced due to the pandemic resulting in volatility and economic…
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