Dialog, Axiata Group and Bharti Airtel sign binding term sheet to combine operations in Sri Lanka Dialog Axiata Plc (“Dialog”), Axiata Group Berhad (“Axiata”) and Bharti Airtel Limited (“Airtel”) (collectively “the Parties”), have entered into a binding term sheet to combine operations of Bharti Airtel Lanka (Private) Limited, Airtel’s wholly-owned subsidiary with Dialog, a subsidiary…
By Securities and Exchange Commission of Sri Lanka Sustainable Financing Sustainable finance refers to any form of financial service integrating Environmental, Social and Governance (ESG) criteria into the business or investment decisions for the lasting benefit of both clients and society at large. Presently, a number of securities regulators are focused on whether the sustainable…
The Ambassador of the Republic to Korea His Excellency Santhush Woonjin Jeong hailed the exceptional role the Sri Lanka Korea Business Council (SLKBC) of the Ceylon Chamber of Commerce has played in developing strong trade relations between Sri Lanka and Korea, when he graced the 28th Annual General Meeting of the SLKBC recently. H E…
Sampath Bank’s significant contribution will fund the maintenance of 10 Suwa Seriya ambulances in all nine provinces. Sampath Bank has handed over a cheque of Rs. 50 million to support the 1990 Suwa Seriya Foundation’s ‘Adopt an Ambulance’ project. With this timely donation under its ‘Hope for a Life’ CSR programme, Sampath Bank’s contribution will…
The report titled “E-commerce: A Driver of Inclusive Growth in Sri Lanka?” was presented to His Excellency President Ranil Wickramasinghe on 26 April 2023. The Managing Director of Daraz Sri Lanka Mr. Rakhil Fernando, the co-authors of the report, Dr. Ganeshan Wignaraja and Ms. Anishka De Zylva and the Director of International Affairs at the…
BCD Meetings & Events India, one of the leading global MICE (Meetings, Incentives, Conferences and Exhibitions) operators together with Aitken Spence Travels, the leading tourism company in Sri Lanka, recently hosted a group of 750 esteemed visitors from Lupin, a renowned global pharmaceutical company headquartered in India. The group recently arrived in Sri Lanka to…
The Sri Lanka Banks’ Association (SLBA) represents all of the licensed banks in Sri Lanka and underpins all sectors of the economy. The banking sector is the main mechanism through which the Central Bank of Sri Lanka (CBSL) implements monetary policy influencing the financial markets. Stability of the banking system is critical for the national…
Expolanka Holdings PLC ended its financial Year 2023 displaying resilience in the face of a challenging macro environment, while pursuing a strategy of consolidation paving the way for future growth. For the fourth quarter, Expolanka achieved a Revenue of Rs. 55.1Bn, Gross Profit of Rs. 19.3Bn, and Operating Profit of Rs. 1.08Bn. However, the appreciation…
During a recent discussion at the President’s Office, President Ranil Wickremesinghe commented on the potential for Artificial Intelligence (AI) technology to contribute to the country’s development. He instructed officials from the Ministry of Technology to form a presidential task force comprising AI experts and prepare a concept paper to promote AI usage in the country….
The ‘Women Plus Bazaar 2023’ exhibition organized for the first time with the aim of empowering Sri Lankan women was declared open by President Ranil Wickremesinghe at Shangri-La Hotel in Colombo Sunday (30). The exhibition was organized by the Embassy of the Arab Republic of Egypt in Colombo, the Colombo Municipal Council, the Ministry of…
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