Cabraal’s special statement on MCC
Former Central Bank Governor Ajith Nivard Cabraal, on Wednesday, issued a special statement on the Millennium Challenge Corporation (MCC) The full statement as follows: “I have seen some social media...
View ArticleYouCon 2.0 – Await the Biggest International Virtual Conference on YouTubing...
Have you ever been seeking for an opportunity to emerge as a YouTuber but never got the guidance to be one? AIESEC in University of Sri Jayewardenepura is ready to offer you the perfect chance to...
View ArticleIFC to exit investment in Cargills Foods Company
The International Finance Corporation (IFC) has informed its intention to exit its investment in Cargills Food Company (Pvt) Ltd, by enforcing the ‘put’ option. In a disclosure to the Colombo Stock...
View ArticleVehicle importers hit hard by import ban
Sri Lanka’s automobile import sector had to face numerous challenges in the past few years. Last year the sector faced a major price increase due to the imposition of stiff luxury taxes which resulted...
View ArticlePeople’s Bank celebrates 59 years of devotion to the people of Sri Lanka
As the Bank of the People, People’s Bank marks its 59th anniversary on the 1st of July. With the passing of this latest milestone, it is clear that amongst all the state-owned commercial banks in Sri...
View ArticleCreate, Learn, and Relax with the Stylish Galaxy Tab S6 Lite
Samsung Sri Lanka announced the new Galaxy Tab S6 Lite, a stylish and affordable tablet designed for both work and play. With generous screen space, a thin and compact body and a redesigned S Pen...
View ArticleSeylan Credit Cards offer amazing discounts at Keells Super outlets
Seylan Bank, the Bank with a Heart, is now offering amazing discounts to customers purchasing daily essentials. Seylan Cardholders who shop at any Keells Super outlet can avail themselves of these...
View ArticleSLASSCOM successfully concluded its first digital AGM
Sri Lanka Association of Software and Services Companies (SLASSCOM), the Knowledge and Innovation Chamber, held its first digital Annual General Meeting on 30th June 2020, powered by Microsoft Teams....
View ArticleWorld Bank Announces New Country Director for Maldives, Nepal and Sri Lanka
Faris Hadad-Zervos has been appointed as the World Bank’s new Country Director for Maldives, Nepal and Sri Lanka, effective today (July 1). Based in the sub-regional office in Kathmandu, Nepal, he...
View ArticleFacebook launches ‘We Think Digital’ with Sarvodaya-Fusion to build digital...
Facebook, in partnership with Sarvodaya-Fusion and supported by the Ministry of Education and Information and Communication Technology Agency of Sri Lanka (ICTA), launched We Think Digital, a...
View ArticleIMF says Asia’s economy will shrink ‘for the first time in living memory’ due...
The International Monetary Fund said Asia’s economy is expected to contract by 1.6% this year — a downgrade from its previous forecast of no growth in April. “Asia cannot be an exception” when the...
View ArticleSampath Bank Brings Yet Another Innovation to Sri Lanka’s Digital Payments...
Sampath Bank PLC today announced that it has become one of the first bank’s in Sri Lanka to serve as both an issuer and acquirer of Payment Exchange Name (PEN) based payments to its customers, thus...
View ArticleCoca-Cola partners with Ceylon Fishery Harbours Corporation to achieve...
Deepening its drive to accelerate recovery of PET plastics in Sri Lanka, Coca-Cola Beverages Sri Lanka Ltd.’s (CCBSL) significant partnership with The Ceylon Fishery Harbours Corporation is making...
View ArticlePandemic hurts auto demand through 2022, about $130 billion in debt...
Covid-19 has prompted Moody’s Investors Service to put the entire industry on review for downgrade. The credit rating agency has cut the ratings of nine of the 22 automakers it rated over the last...
View ArticleChina Merchants Port Holdings introduces strategic partners to promote...
China Merchants Port Holdings Co., Ltd., Fujian Transportation Maritime Silk Road Investment and Management Co. Limited (“Fujian TMSR”) and Fujian Provincial Communication Transportation Group Co.,...
View ArticleSenkadagala Finance secures $25mn financing facility from Netherland
Senkadagala Finance PLC yesterday (01) stated that it had received a US$ 25 million financing facility from the Netherland-based FMO ( Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden...
View ArticleA Two Notch upgrade to Cargills Bank by Fitch; from ‘A-(lka)’ to ‘A+(lka)’
Fitch Ratings has upgraded the credit rating of Cargills Bank Limited from ‘A-(lka)’ to ‘A+(lka)’ with a stable outlook. The National Ratings of the Sri Lankan banks consider their creditworthiness...
View ArticleSri Lanka Insurance posts a record profit of Rs. 8.2 billion before taxation
Sri Lanka Insurance at the recently held Annual General Meeting declared that the company has closed year 2019 in a positive note recording phenomenal growth with exceptional service innovations. Sri...
View ArticleNorthwood Consulting awarded sole agent for UV-C based pathogen prevention...
UK based Health Tech giant Pathogen Prevention Pvt Ltd (PPL) appoints Northwood Consulting Pvt Ltd – as its sole distributor for a range of UV-C based pathogen prevention products for Sri Lanka and...
View ArticleJong-Jin Kim appointed as new UN FAO Assistant Director-General and Regional...
ROME/BANGKOK: The Director-General of the Food and Agriculture Organization of the United Nations (FAO), QU Dongyu, has appointed Jong-Jin Kim as Assistant Director-General and FAO Regional...
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