Daintee acquisition to boost Sunshine’s defensive cash flows: Fitch
Sunshine Holdings PLC’s (A(lka)/Stable) 100 percent acquisition of Sri Lanka-based confectionery maker Daintee Limited will increase the cash flow of the group’s fast-moving consumer goods (FMCG)...
View ArticleCeylon Chamber Of Commerce Launches Online Marketplace to Promote Export amid...
The Ceylon Chamber of Commerce with a view to support companies to promote exports from Sri Lanka, entered into a partnership agreement to integrate an “Online Market Place”, developed by Epic Lanka...
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HNB and People’s Bank partner with the Sanken Group to finance “Capitol...
Capitol TwinPeaks breaks the traditional method of import financing mould by activating a Usance LC facility, with a 720-day payment settlement period secured through an offshore partner Capitol...
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Agrithmics, The Digital Enabler of the Agri Industry
The Digital Innovation Fund, managed by BOV Capital, has Secured Funding of LKR 100 million in Agrithmics (Pvt) Ltd, an agile Sri Lankan Agri-Tech, IoT cloud-based integrated Process Automation and...
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Tokyo Cement Gifts Clean Drinking Water to Three Villages in Poonakary
Three villages in Poonakary (also known as Pooneryn) in the Kilinochchi District were gifted with purified drinking water facilities by Tokyo Cement Group in partnership with Re-Awakening Lanka. Over...
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Baraka Nature Shoppe flagship store launches at One Galle Face
Baraka, world-renowned for their black seed oil products and range of herbal remedies, recently launched their ‘Baraka Nature Shoppe’ flagship store at One Galle Face. The new outlet, being the latest...
View ArticleSri Lanka vehicle registrations slightly down in July 2020
According to J. B. Securities monthly review, vehicle registrations in July were slightly down from June but remain at healthy levels indicative of existing inventory driving sales. “It is likely that...
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Asia Distillates-Jet cash discounts widest in 2 months. Sri Lanka’s CPC seeks...
Asia’s cash discounts for jet fuel widened on Tuesday, to their biggest discounts in two months, as ongoing border and travel restrictions due to the COVID-19 pandemic continued to impair aviation...
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‘ARISE SRI LANKA’ poised to take Sri Lanka to the world
Details of Sri Lanka’s first-ever Telethon in aid of the frontline health workers who are relentlessly battling to contain COVID-19, was presented to the media at Galadari Hotel recently. Welcoming...
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Uga Chena Huts, the 3rd Best Boutique Luxury Hotel in the World
Uga Shines big at the Tripadvisor Travelers’ Choice Best of the Best Awards 2020 The world’s largest travel platform has picked a leading Sri Lankan hotel brand to reward in its latest ‘world’s top 25...
View ArticleSri Lanka Tourism holds webinar to brief Pakistani top Tour Operators on...
Sri Lanka Tourism Promotions Bureau (SLTPB) participated in a webinar organized by the Sri Lankan High Commission in Pakistan to brief the Pakistani top tour operators on the COVID-19 situation in Sri...
View ArticleFour-member committee to probe irregularities & review activities of state...
The Ministry of Finance says that a four-member committee has been appointed to look into the allegations of irregularities, unproductive measures, and instances where actions were taken contrary to...
View ArticleLAUGFS Holdings Limited Celebrates 25 Years of Sri Lankan Entrepreneurship
LAUGFS Holdings Limited, one of Sri Lanka’s largest diversified business conglomerates, celebrates 25 years in business. Its inception was Gas Auto Lanka, a revolutionary business that introduced LPG...
View ArticleWorld Vision, Citi Foundation support anti-body testing efforts
As a part of its response towards COVID-19 prevention, World Vision joined hands with Citi Foundation to provide 1,100 ELISA (Enzyme-linked Immunosorbent Assay) antibody testing kits to the Centre for...
View ArticleSeylan Bank opens new off-site ATM at Sri Lanka Technological Campus
Seylan Bank recently declared open an off-site ATM at the Sri Lanka Technological Campus (SLTC), Ingiriya Road, Padduka, continuing their commitment towards supporting the financial needs of their...
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50% probability for rate cut to discourage LCBs from using SDFR facility:...
Considering the previously provided 100bps rate cut, First Capital Research believes that there is a modest likelihood that the Central Bank of Sri Lanka (CBSL) may provide a rate cut to ensure the...
View ArticlePowerful New Samsung Note20 and Note20 Ultra Now Available for Pre-order at...
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider and the first and only network to offer Voice over Wi-Fi (VoWiFi or WiFi Calling), VoLTE (Voice over LTE) and eSIM service in Sri Lanka for...
View ArticleCB continues its accommodative monetary policy stance
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 19 August 2020, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR)...
View ArticleMaximum interest rate on credit cards reduced to 18%
The Central Bank of Sri Lanka (CBSL) has revised the regulated interest rates for Credit Cards, Pre-arranged Temporary Overdrafts, Pawning Facilities and Penal interest rate over the regular interest...
View ArticleSL will halt oil palm cultivation: President
Delivering the Policy Statement of the new government at the ceremonial sitting of the Parliament today (20), President Gotabaya Rajapaksa stated that Sri Lanka will halt the cultivation of oil palm...
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