Sri Lanka’s oldest finance company, Alliance Finance Company PLC (AFC), has received the second tranche of USD 5 Mn from the Dutch Entrepreneurial Development Bank (FMO) as part of a long-term financing facility of USD 10M to expand its growing portfolio of MSME business. AFC secured this USD 10 Million facility from the Dutch entrepreneurial…
A Joint Launch by Siriraj, NBTC and Huawei Office of The National Broadcasting and Telecommunications Commission (NBTC), Siriraj Hospital, and Huawei Technologies (Thailand) Co., Ltd. jointly launched the “Siriraj World Class 5G Smart Hospital”. This is the first and largest 5G smart hospital project in the ASEAN region. It will deliver a more efficient and…
The contemporary traveler has a limitless choice of destinations and experiences all competing for their time and money. The ability to communicate a destination’s many aspects is vital when appealing to an international audience. Unfortunately, this is something that had not happened in the past. In fact, the great tragedy is that Sri Lanka has…
Sri Lanka’s export in 2021 from rubber product sector has achieved US$ 1 Bn income and the Sri Lanka Export Development Board (EDB) intends to increase it to US$ 3 Bn by 2025. It is imperative to produce superior-quality rubber products in order to achieve this target. The EDB expects that the proposed dedicated industrial…
DFCC Bank, the premier commercial Bank in Sri Lanka, announced the landmark signing of a Memorandum of Understanding (MOU) with the National Chamber of Exporters (NCE) and will now act as one of the Chamber’s key strategic partners. Through this MOU, DFCC Bank extends the comprehensive array of end-to-end financial solutions to all members of…
The shares of First Capital Treasuries PLC (CODE: FCT-N-0000) commenced trading on the Colombo Stock Exchange (CSE) yesterday (23). The shares have been listed on the Diri Savi Board of the CSE under the “Investment Banking & Brokerage” sector. The occasion was marked with a special Bell Ringing Ceremony. Representing First Capital Treasuries PLC, Chairman…
JAAF and trade unions will address the pandemic’s impact on the industry as partners Sri Lanka’s apparel sector and key industry trade unions signed a historic agreement that ensures business owners and employees work together to maintain continued vigilance on pandemic prevention, discuss issues of mutual interest and jointly participate in addressing grievances. In a…
Revision of the index calculation methodology of the All Share Price Index (ASPI) The Colombo Stock Exchange (CSE) is revising the index calculation methodology of the All Share Price Index (ASPI) from full market capitalization-weighting to free float-adjusted Market Capitalization weighting as notified to the market on 16th November2021. The Index methodology has been published…
Twenty construction companies from Sri Lanka and Nepal connected via zoom for an interactive B2B session, jointly organized by the Sri Lanka Embassy in Nepal and the Export Development Board of Sri Lanka (EDB) on 21st December 2021. The participating companies represented sectors ranging from building construction, road development, bridges and irrigation to renewable energy…
With IT and digital solutions continuing to be at the fore of a continually and rapidly evolving global wave of digital economy, communication and connectivity, the Ceylon Chamber of Commerce in association with the Embassy of Lithuania in New Delhi, recently hosted a webinar facilitating opportunities for joint collaboration in the digital solutions and IT…
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