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Accelerating digital economy key for inclusive integration in Asia Pacific

Participants in the webinar entitled “Accelerate Digital Economy for Inclusive Integration in Asia Pacific – Connecting Digital Industries in Pandemic” recently called for leveraging digital opportunities to build an inclusive ecosystem and promoting regional integration, which is particularly important while still combating the pandemic. A digital economy is increasingly perceived as the way to overcome…

(0)Comments | August 3, 2021 12:14 pm

Pan Asia Bank records Impressive Performance amidst Challenges – Profit after Tax soars by 50% to post Rs. 1,356 Mn

Pan Asia Banking Corporation PLC reported an impressive performance for the six-month period which ended 30 June to report a Pre-Tax Profit of Rs. 1,822 million and a Post-Tax Profit of Rs. 1,356 million with growth rates of 27% and 50% respectively, while demonstrating the resilience amidst challenging macro-economic conditions. The bank’s performance was characterised…

(0)Comments | August 3, 2021 12:00 pm

SLT Group Consolidates Cost, Manages Waste to Deliver Positive Results in First Half 2021

Passes on benefit to consumers during tough pandemic period Colombo, Aug 02, 2021 – SLT-MOBITEL, the National ICT, Telecommunications and Mobile Services Provider, announced its financial results for the first half of 2021, posting a 29.9% year-on-year growth of Group Profit After Tax (PAT) of Rs. 6.0 Bn. Cost consolidation across verticals and a group…

(0)Comments | August 3, 2021 9:36 am

Online and SMS based Appointment System Launched to Roll out 2nd Dose of AstraZzeneica COVID19 Vaccinations for Residents of Western Province

The Information and Communication Technology Agency (ICTA), in close collaboration with The National Operations Centre for Prevention of COVID-19 Outbreak (NOCPCO), the Ministry of Health, The Office of the Provincial Directors of Health Services-Western Province, the Telecom Regulatory Commission (TRC), and mobile operators; announces an online and SMS-based appointment system available from 12th July1st August…

(0)Comments | August 2, 2021 10:30 am

CCPI based Inflation increased to 5.7 per cent in July 2021

Headline inflation, as measured by the year-onyear (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100)1 , increased to 5.7 per cent in July 2021 from 5.2 per cent in June 2021. This was driven by monthly increases of prices of items in the Non-food category. Subsequently, Food inflation (Y-o-Y) decreased to 11.0 per…

(0)Comments | August 2, 2021 12:18 am

Expolanka delivers record breaking Q1 performance

259% YoY growth in Group Profit After Tax up to Rs. 6.3 Bn 165% YoY increase in Group revenue up to Rs. 95.7Bn Logistics growth driven by surging retail demand in U.S. Led by vibrant growth in its logistics sector, Expolanka Holdings PLC, delivered another record-breaking performance during the quarter ended 30 June 2021 (Q121)….

(0)Comments | August 2, 2021 12:15 am

SL Deputy High Commissioner to Chennai visits Brandix India Apparel City in India

Deputy High Commissioner of Sri Lanka to Chennai Dr. D. Venkateshwaran visited Brandix India Apparel City (BIAC) located at Atchutapuram near Visakhapatnam, Andhra Pradesh at the invitation of Group CEO of Brandix Ashroff Omar. The Deputy High Commissioner was received by Brandix India Country Head Neil Rosayro, Partner PC Doraswamy, Deputy Chief Operating Officer Saravanan…

(0)Comments | August 2, 2021 12:05 am

Webinar hosted by Embassy of Sri Lanka in Germany on “Finding a Market for Agri Products in EU” concludes successfully

A webinar on “Finding a Market for Agri Products in EU” with a special focus on Organic Markets, organized by the Embassy of Sri Lanka in Germany in collaboration with the Import Promotion Desk of Germany and Export Development Board of Sri Lanka was held on 29 July 2021, with over 200 participants across large…

(0)Comments | August 2, 2021 12:02 am

SriLankan Airlines returns to Moscow with direct flights

SriLankan Airlines the National Carrier of Sri Lanka and a member of the oneworld alliance is delighted to announce the commencement of direct flights between Sri Lanka and Russia today. The inaugural flight was ceremonially greeted with a water salute at Domodedovo Airport (DME) in Moscow. The airline is resuming flights to the Russian capital…

(0)Comments | August 1, 2021 8:56 pm

Union Bank concludes 1H21 with a steady performance

Union Bank stood resilient despite economic setbacks resulting from the pandemic in 2020 and re-aligned its strategy for recovery and growth, reporting a strong performance during the first quarter of 2021 with favourable returns and increased revenue. However, challenges continued with a third wave hitting in April 2021 adding further limitations to the business growth…

(0)Comments | July 30, 2021 6:43 pm