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JICA Emergency Assistance to Strengthen Covid-19 Response in Sri Lanka

Major General Dr. Sanjeewa Munasinghe, Secretary to the Ministry of Health and Yamada Tetsuya, Chief Representative of Japan International …

Sri Lanka, World Bank sign agreement for COVID-19 Vaccine Deployment

The Government of Sri Lanka and the World Bank signed today a $80.5 million additional financing to help Sri Lanka access and distribute COVID-19 …

Hambantota Port sees highest monthly RORO volume in April

The Hambantota International Port has seen a significant increase in their RORO figures during the first 4 months of 2021, compared to the …

ComBank makes strong start to 2021 with robust growth in fund-based operations

Q1 net interest income up 21.08% with interest expenses down 17.14%CASA ratio improves further to 45.26%, among best in industryOperating income up …

Capitol TwinPeaks unveils ‘Capitol-ize investment Scheme’ for buyers

Capitol Developers - the Developer of Capitol TwinPeaks, the 50-storey twin-tower, mixed development under the Sanken Group, recently announced the …

Financial results of Sampath Bank for Q1 of 2021

The Bank recorded a Profit before tax (PBT) of Rs 6.1 Bn in 1Q 2021 compared to Rs 3 Bn in 1Q 2020, denoting a growth of 101%, while Profit after tax …

Widespread informality likely to slow recovery from COVID-19 in developing economies

A strikingly large percentage of workers and firms operate outside the line of sight of governments in emerging market and developing economies …

Prime Residencies IPO oversubscribed on opening day

Following the debut of Prime Lands Residencies’ Initial Public Offering (IPO) yesterday (11), the company’s oversubscription forecasts proved to …

Sri Lanka secures USD 500Mn concessional financing from Republic of Korea

In order to further strengthen the economic cooperation between two countries, the Government of Republic of Korea has agreed to provide concessional …

Melstacorp Chairman Harry Jayawardena visits Colombo Port City

Leading businessman Harry Jayawardena of Melstacorp PLC was recently hosted at the Port City Colombo project development site by Executive Project …

Sri Lanka’s gross official reserves estimated at USD 4.5bn at end April 2021

Sri Lanka’s official reserves were 4.5 billion US dollars (USD 4,476.5mn) by the end of April, up from 4.1 billion US dollars in March, the latest …

SLAITO welcomes temporary ban on Indian arrivals

Sri Lanka Association of Inbound Tour Operators (SLAITO) yesterday welcomed the move by Civil Aviation Authority to temporarily halt passengers from …

Opinion:Today’s CFO is the protector of tomorrow’s business resilience

By Sherman Gunatillake With market uncertainty and disruptions across different business verticals christened as the ‘New Normal’, the chief …

Rizing acquires attune Lanka from MAS Holdings

MAS Holdings announced today, that in line with its long-term strategic objectives, it has concluded the acquisition of its subsidiary attune Lanka …

Fitch affirms DSI Samson Group at ‘AA(lka)’; Outlook stable

Fitch Ratings has affirmed Sri-Lanka based footwear and tire manufacturer and retailer DSI Samson Group (Private) Limited (DSG) at 'AA(lka)'. The …

Prime Minister elected Chair of the Asian Development Bank Board of Governors

Prime Minister Mahinda Rajapaksa, who, as the Minister of Finance, serves as the Governor for Sri Lanka of the Asian Development Bank (ADB), was …

China backed Port City missing link for SL to become game changer; no threat to sovereignty

The Colombo Port City, one of Sri Lanka's most significant projects with tremendous potential has to go forward in the right direction as a …

ComBank raises interest rate on ‘FC Plus’ foreign currency accounts to 4.5-pct per annum

The Commercial Bank of Ceylon has announced a significant increase in the interest rate offered to Sri Lankan Personal Foreign Currency (PFC) account …