Pakistan and Sri Lanka sign five Memoranda of Understanding
In line with the two-day official visit of the Prime Minister of Pakistan Imran Khan, five economically important agreements were signed between Sri …
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Seylan Bank records Rs. 3Bn profit after tax for 2020
In the backdrop of an extremely challenging environment, Seylan Bank recorded a Profit After Tax (PAT) of LKR 3Bn for the year ended 31 December …
Sri Lanka January inflation at 3.7-pct
The overall rate of inflation as measured by NCPI on Year-on-Year basis is 3.7 percent in January 2021 and inflation calculated for December 2020 was …
ASUS launches its first-ever exclusive store in Sri Lanka
ASUS Sri Lanka – the renowned multinational technology enterprise – has launched its maiden exclusive store in the heart of Colombo; the very …
HNB Group posts PAT of Rs 13.7Bn during 2020; total deposits grow by Rs 158Bn
Hatton National Bank PLC (HNB) demonstrated resilience and an unwavering focus on sustainable business performance as it posted Rs 13.7 Bn in Group …
Cyber Care App launched to combat cyber violence in Sri Lanka
The COVID-19 outbreak with the resultant lockdown and stay-at-home measures have led to a surge in online activity by young people. This increased …
Sokin announces partnership with Mastercard in South Asia to expand fixed-price payments
Sokin, the new generation fintech payment firm, has signed a partnership agreement with Mastercard in South Asia to provide its fixed-price payment …
Sri Lanka discusses with US Justice Dept charges against accused in Easter Sunday bombings
Ambassador Ravinatha Aryasinha had a virtual discussion with Dan Stigall, Deputy Chief of Staff & Counselor for International Affairs, Department …
Economy at a glance for 2020:Double whammy blow
Highlights ICRA Lanka estimates Sri Lanka’s GDP growth rate in 2020 to be -4%. In addition, our estimates indicate industry, services, and …
Ceylinco Life records income of Rs 36.98 billion in 2020
Ceylinco Life has achieved consolidated income of Rs 36.98 billion for FY 2020, demonstrating the Company’s ability to grow business volumes and …
Trade Finance and Investments amalgamates into Commercial Credit and Finance PLC
Trade Finance and Investments PLC (TFI), a financial service providerhas been amalgamated into one of Sri Lanka’s pioneering finance companies, …
Responsive web and app design: new trends on the horizon, in 2021.
Although software development in Sri Lanka started out as an offshoring destination for IT services, this has long since moved from being just a …
Veemansa policy development & advocacy group to discuss debt sustainability of Sri Lanka
Veemansa Initiative a newly launched, Sri Lanka based, policy development and advocacy group promoting dialogue on sustainable and inclusive …
Central Bank updates rules for export proceeds & conversion of them into Sri Lanka Rupees
The Monetary Board of Sri Lanka's Central Bank has issued rules as published in the Gazette Extraordinary No. 2215/39 in respect of receipt of export …
Pakistan Prime Minister Imran Khan to visit Sri Lanka next week
Prime Minister of Pakistan, Imran Khan is scheduled to undertake an official visit to Sri Lanka on 23-24 February 2021 on the invitation of Prime …
Commercial Bank’s ePassbook surpasses 1 million customer registrations
New app downloads of Commercial Bank of Ceylon’s ePassbook has increased by 150,000 in just six months after self-registration was permitted via a …
We maintained stabilized prices for over a year despite global price increase: Litro Gas Lanka
With the COVID-19 pandemic impacting markets across the world and the currency fluctuations taking place, the global prices of LPG as one of the …
Sri Lanka lifts UK travel restriction
The temporary travel restriction introduced by the Government on travels originating from the United Kingdom to Sri Lanka on account of the new Covid …
Softlogic Life grew 25-pct in 2020 to Rs.15.6Bn; PAT Rs.1.5Bn
Softlogic Life announced that despite all the difficulties associated with a thoroughly disrupted COVID year 2020, the Company grew revenues to …
Rated Sri Lankan corporates less exposed to sovereign than banks: Fitch Ratings
Fitch Ratings views most rated Sri Lankan corporates as less vulnerable than local financial institutions to the sovereign's financial distress. This …
Kantar to offer media monitoring service in SL
Kantar recently announced that it would start providing Media Monitoring service in Sri Lanka. The announcement comes as Kantar has agreed to acquire …
Sri Lanka must keep pace with global changes: President
Private sector, State Universities and other Higher Education Institutions should work together … IT and computer knowledge for all students, …
Investment risks rise for Sri Lankan insurers; limited impact on regulatory capital: Fitch
Asset risk at Sri Lankan insurers has increased due to the sovereign’s weaker credit profile and the consequent lowering of national ratings of …
UNICEF signs supply agreement for Pfizer BioNTech COVID-19 vaccine
NEW YORK: UNICEF announced the signing of an agreement with Pfizer on behalf of the COVAX Facility for the supply of the …