EDB initiates digital promotions to revitalize exports
A digital export promotion program was implemented last week by the Sri Lanka Export Development Board (EDB) to address the negative impact on exports caused by the outbreak of COVID 19.The scheduled...
View ArticleMukesh Ambani now world’s ninth richest, added $28 billion to fortune in 4...
New Delhi: Reliance Industries Chairman Mukesh Ambani’s net worth has surged to new highs. Aside from being the richest Indian and Asian, Mukesh Ambani is now also part of the exclusive club of the...
View ArticleFirst Capital expects further cuts in policy rates
First Capital Research believes that the Central Bank of Sri Lanka is yet again in a vulnerable position and the possibility of a policy rate cut is on the cards in order to push banks to consider the...
View ArticleRanjith Kodituwakku New CEO/GM at People’s Bank
Ranjith Kodituwakku has been appointed as Chief Executive Officer/ General Manager of People’s Bank with effect from June 19, 2020. He had previously served as the Deputy General Manager (Commercial...
View ArticleWorkers’ remittances decline 32.3% in April
Workers’ remittances declined by 32.3% in April 2020, year on year, amounting to US dollars 375 million, latest External Sector Performance report of the Central Bank of Sri Lanka outlines. On a...
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Inflation declines to 5.2% in May
Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 decreased further to 5.2% in May 2020 from 5.9% in April 2020. This was mainly...
View ArticleImports restricted; now commence production – President tells industrialists
Opportunity is now open to commence productions in many sectors with the limiting of imports of several non-essential items, President Gotabaya Rajapaksa said. As pledged in “Saubhagyaye Dekma” policy...
View ArticleSIST breaks barriers to offer higher education opportunities under 1 million...
Spectrum Institute of Science & Technology (SIST), with the largest undergraduate facility in the heart of Colombo opened up opportunities for students to enroll into globally recognized...
View ArticleHNB records sharp spike in cardless transactions during COVID lockdown with...
Leading private sector bank HNB PLC, reported a 70 percent increase in the use of its cardless cash withdrawal facility, Cash to Mobile during the peak of the COVID-19 pandemic. Through the period of...
View ArticleSri Lankan Woman creates history in Global Management Accounting Profession
~ First Sri Lankan Lady Elected as CIMA Global Vice President – 2020/21 Sri Lankan management accounting professional – Melanie Janine Kanaka, was elected as the first Sri Lankan woman Global Vice...
View ArticleIn stores or on the couch, Asia Pacific consumers shift rapidly to digital...
~ More online purchases on the way as people expect to do less in-store shopping SINGAPORE – The way we shop is changing and how we pay is evolving. As COVID-19 alters our daily lives, consumers in...
View ArticleEmirates ready to serve travellers and welcome tourists to Dubai
Dubai to open for tourists from 7 July, Emirates launches destination Dubai ad New protocols to open travel for UAE citizens, residents and international visitors, with clear measures to protect the...
View ArticleNation Lanka Finance appoints Suresh as CEO
NLF announced the appointment of Suresh M. Amerasekera as their new CEO with effect from 9th June 2020.Up to now he was functioning as the COO, from September 2nd 2019 Suresh is a Senior Banker, with...
View ArticleNew destinations on the cards – Ashok Pathirage
SriLankan Airlines would look at revamping its destinations post-COVID-19 which could include more destinations in China and new destinations such as Seoul and Sydney, a top official said Monday. “We...
View ArticleUS$451mn outflow from government securities in first four months : CB
A net outflow of foreign investment amounting to US $ 90 million was recorded from the rupee-denominated government securities market in April 2020, resulting in a cumulative net outflow of US $ 451...
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CICT & CMCF donate custom wheelchairs to 3 ITF-ranked tennis players
The aspirations of three of Sri Lanka’s internationally-ranked wheelchair tennis players received a further boost with a donation of custom-made wheelchairs by Colombo International Container...
View ArticleSouth Asia Textiles Partners with HeiQ Materials AG
Partners with HeiQ Materials AG to use their textile technology HeiQ Viroblock on the knitted jersey fabric the company is producing a face mask program in the US. HeiQ Viroblock NPJ03 is among the...
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Fortude first from Sri Lanka to join Microsoft AI for Accessibility program
The grant enables development and expansion of accessible technology for people with disabilities Microsoft announced it selected Fortude as the first Sri Lankan grant recipient of its AI for...
View ArticleSpring & Summer dedicated to uplift the nation during COVID-19 crisis
Spring & Summer’s CSR arm – ‘Hands of Hope’ recently launched a two-fold strategy involving the manufacture and distribution of face masks, as well as the supply of daily essentials and...
View ArticleImport expenses on personal vehicles increase in April
A considerable increase on import expenditure on personal vehicles was observed in April 2020 compared to the previous month, mainly due to the clearing of the backlog accumulated due to service...
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