ICRA: Economy at a glance for 3Q 2020
Highlights 3Q 2020 was shaping up to be the turning point from the depths of economic contraction, but the fast escalation of second wave of Corona infections …
Companies
Expolanka records revenue of Rs.49Bn and PAT of Rs.4.5Bn in Q2 FY 2021
Expolanka Holdings PLC secured exceptionally strong top and bottom line growth during the quarter ended 30 September 2020 (2Q20), largely as a result of a …
CCC Academy and Facebook host webinar for SME’s on use of digital platforms
The spread of COVID-19 has led to a global health and economic crisis, and caused unprecedented changes to the way consumers and businesses interact on a daily …
HackaDev 2020: Accelerating new innovations in new normal
The COVID-19 pandemic has in many ways compromised the meaningful engagement of youth in achieving the 2030 Agenda for Sustainable Development. With the many …
Interim financials of JKH for six months ended 30th Sept 2020
Nov 05, 2020 (LBO) - John Keells Holdings PLC has shown resilient performance in second quarter as Group EBITDA excluding Leisure grows by 15 per cent, the …
Hatch and LSEG SL empower new batch of women entrepreneurs
Amidst a backdrop of uncertainty, Hatch and London Stock Exchange Group (LSEG) SL successfully completed the fourth iteration of the KICKASS Bootcamp, a …
CCC to host first-ever virtual Sri Lanka Eco Summit 2020
The Ceylon Chamber of Commerce will be organizing the 20th Sri Lanka Economic Summit (SLES) on the 1st and 2nd of December 2020 and will be conducting the …
Sampath Bank Group CFO Ajantha de Vas Gunasekara joins Board of Directors
Nov 05, 2020 (LBO) – Sampath Bank announced the appointment of Don Ajantha de Vas Gunasekara as Executive Director to its Board of Directors with immediate …
Sri Lanka’s merchandise trade and trade balance: report
Nov 04, 2020 (LBO) - The Central Bank of Sri Lanka says the deficit in the trade account contracted by over US dollars 1 billion during the eight months ending …
Opinion: Recipe for reform, Smallholders hold key to productivity in SL’s tea industry
By K.L Gunaratne (Chairman, Sri Lanka Federation of Tea Smallholders) With nearly 500,000 smallholders in total, the tea smallholder sector is a significant …
Mobitel unveils newly-launched Apple watch
Mobitel, Sri Lanka’s National Mobile Service Providerand the authorized reseller for Apple devices such as iPhones, iPads and Apple Watches unveiled the …
‘EatMealFirst’ delivers meals and groceries even during COVID-19 curfew hours
‘EatMealFirst’ brings the People’s choice of local restaurants to the customer doorstep by partnering with a large number of restaurant partners and …
Sanken’s Capitol Developers & Singapore’s P&T Group (Architect) win global accolades
Both Capitol Developers (a member of the Sanken Group) and P&T Group, Singapore were recently honoured at the Luxury Lifestyle Awards 2020, in October 2020 …
Interview : Cracks, collapses and a national building code
By LankaPropertyWeb Disintegration, cracks, sloping floors and more are all signs of a poor foundation and structure. Yet, their possibility depends on the …
Work from home back in Western Province
As a measure to contain the prevailing wave of Coronavirus spread all public institutions in the Western Province and other major townships are required to …
John Keells Logistics venture into operations optimization through digitalization
Nov 02, 2020 (LBO) – John Keells Logistics (Pvt) Ltd (JKLL), a leading third-party logistics (3PL) services provider in the country, has partnered with …
Fitch assigns Sarvodaya Development Finance first time ‘B+(lka)’
Oct 29, 2020 (LBO) – Fitch Ratings has assigned Sarvodaya Development Finance Limited (SDF) a National Long-Term Rating of 'B+(lka)'. The Outlook is Stable. …
NSB: [SL]AA(hyb) assigned to proposed basel III compliant additional tier I capital bond programme
Rating action ICRA Lanka Limited has assigned a rating of [SL]AA(hyb) with Stable outlook for the proposed LKR 5,000 Mn Basel III Compliant, Unlisted, Rated, …
VMware unveils 5G and edge advancements
VMware, Inc. (NYSE: VMW) recently announced its 5G Telco Cloud Platform, empowering Communication Service Providers (CSPs) to better meet the growing demands …
Ceylinco Life’s 9-month income up 14-pct to Rs. 26Bn
Sri Lanka’s life insurance market leader Ceylinco Life has posted consolidated income of Rs. 26 billion for the nine months ending 30 September, achieving …