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Webinar on “Accelerating Growth of Food Sector” Buyer –Seller Meet between Sri Lanka and Singapore

As an initiative of FYIstival South Asia Edition of Global Connect at the Singapore Business Federation (SBF), a webinar on “Accelerating Growth of Food Sector and a Buyer Seller Meet” was organised together with Enterprise Singapore and the Sri Lanka High Commission on 27 April 2021. The webinar provided an opportunity for Sri Lanka Export Development Board to showcase Sri Lanka’s supply capability and uniqueness of main exportable agri produce in order to create awareness and to attract Singapore buyers and distributors. A presentation was made by Additional Director General of…

(0)Comments | May 7, 2021 12:02 pm

SEC to Showcase Sri Lanka as an attractive destination for foreign portfolio investment

The Colombo Stock Exchange (CSE) has performed exceptionally well in the past 12 months with the All Share Price Index (ASPI) appreciating more than 55% and the S&P SL 20 Index appreciating more than 44%. In 2021, the Average Daily Turnover of the CSE stands at Rs 4.8 Bn as against Rs. 1.8 Bn in…

(0)Comments | May 6, 2021 6:54 pm

DFCC Bank partners with Visa for Micro Merchant transactions

DFCC Bank, with the aim of being the most customer-centric and digitally-enabled bank in the years to come, recently partnered with Visa to facilitate digitally driven, cost-effective transactions at Micro Merchant Businesses and increase card acceptance among Micro Merchants in Sri Lanka. This partnership will further strengthen the transaction processing capability for merchants of DFCC…

(0)Comments | May 6, 2021 6:37 pm

Today’s CFO is the protector of tomorrow’s business resilience

By Sherman Gunatillake With market uncertainty and disruptions across different business verticals christened as the ‘New Normal’, the chief financial officer (CFO) of the modern-day has many elements to balance across the business. In such a context, strengthening business resilience is a crucial responsibility that a CFO has on his agenda. But has a CFO’s…

(0)Comments | May 6, 2021 6:25 pm

Prime Lands Residencies IPO introduces “SUBMIT ONLINE from HOME”

Prime Lands Residencies Limited, the condominium property arm of Prime Group, the ‘Maestro of Real Estate Artistry’ in Sri Lanka, recently debuted its Initial Public Offering (IPO) and will now be allowing potential investors the ability to submit applications for the IPO from the safety and comfort of their homes, through their website www.ipo.primeresidencies.lk. Investors…

(0)Comments | May 6, 2021 5:40 pm

HSBC becomes the first bank to offer LiveSign in Sri Lanka

  HSBC LiveSign powered by Adobe is a cloud-based service that replaces the paper and ink signature process with a fully automated electronic signature workflow made availbale for HSBC’s corporate clients. With HSBC LiveSign customers can easily sign documents anywhere, anytime, and on any device within minutes.   Stuart Rogers, Head of Wholesale Banking, HSBC…

(0)Comments | May 6, 2021 10:13 am

29% growth of Turnover Volumes in April

Total Market Turnover of the Colombo Stock Exchange (CSE) demonstrated a positive growth of 29.43% in the month of April compared to the previous month. Market turnover was recorded at Rs. 53 billion while Domestic Turnover has seen a growth of 64% indicating the sustained interest among Sri Lankan investors. Further highlights of the month…

(0)Comments | May 6, 2021 10:12 am

Construction Industry Stakeholders of Sri Lanka and Nepal discuss areas to strengthen collaboration

Sri Lanka Embassy in Nepal partnered with the Export Development Board of Sri Lanka (EDB) to connect construction industry stakeholders of the two countries in a webinar titled “Collaboration in the Construction Industry between Sri Lanka and Nepal ” on Tuesday 04 May. In his opening remarks, EDB Chairman Suresh de Mel described Nepal as…

(0)Comments | May 5, 2021 12:22 pm

CNN shines global spotlight on Sri Lanka Tourism

Sustaining the global spotlight on Sri Lanka as a ‘safe and secure’ holiday destination that has successfully opened up to the world, CNN’s Asia Travel journalist, Lilit Marcus visited the island early last month to experience first-hand how Sri Lanka Tourism has managed to open up the country by implementing the globally recognized ‘bio-bubble’ concept….

(0)Comments | May 5, 2021 9:55 am

Rizing acquires attune Lanka from MAS Holdings

MAS Holdings announced today, that in line with its long-term strategic objectives, it has concluded the acquisition of its subsidiary attune Lanka (Private) Limited by Rizing. Rizing is a privately held, US-based boutique firm specializing in providing SAP solutions for Consumer Industries, Enterprise Asset Management and Human Capital Management worldwide. In 2018, MAS Holdings completed…

(0)Comments | May 5, 2021 6:58 am