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Mon, 18 Nov 2024 Today's Paper
COVID-19 has made an adverse impact to our economy, where many businesses fall into the micro small and medium enterprises (MSME) category and some in the small and medium enterprise (SME) category. A majority of Sri Lanka’s businesses fall into bo
This is part of an interview series titled ‘Mirror Business S&P SL2 - Insights’ conducted in collaboration with the Colombo Stock Exchange (CSE). The interview features Hatton National Bank PLC Managing Director/CEO Jonathan Alles. Following are
Sri Lanka will soon embark on research and development (R&D) related to modern agricultural technologies with state patronage, as the focus is rapidly shifting towards building a robust domestic agricultural economy premised on achieving food securit
The Information and Communication Technology Agency (ICTA) and United Nations Development Programme (UNDP) in Sri Lanka signed a four-year memorandum of understanding (MoU) yesterday to support Sri Lanka’s aspirations for digital transformation.
LOLC Holdings releasing its first quarter results (1Q21) yesterday said it has recorded the highest ever profit-after tax (PAT) of Rs.37.2 billion, compared with Rs.5.6 billion recorded for the corresponding quarter of the previous year.
The Export Development Board (EDB) and Sri Lanka Institute of Nanotechnology (SLINTEC) are joining forces to boost Sri Lanka’s COVID-19 medical product range supply to the world.
As a follow-up support to the project ‘Establishment of Integrated Waste Management System in Dompe’, where the Korea International Cooperation Agency (KOICA) established the first-ever sanitary landfill site in Sri Lanka, KOICA initiated project
Janashakthi PLC has announced plans to raise Rs.2.0 billion via an unlisted corporate debenture as the company seeks to refinance its debt.
The Sri Lanka Telecom (SLT) group yesterday welcomed the Telecommunications and Regulatory Commission’s (TRC) progressive move to introduce number portability to Sri Lanka while lauding TRC Director General Oshada Senanayake and his team for their
The Information and Communication Technology Agency (ICTA) and the United Nations Development Programme (UNDP) in Sri Lanka signed a 4-year Memorandum of Understanding (MoU)today to support the island nation’s aspirations for digital transformation
The Board of Investment (BOI) initiated dialogue with the British High Commission in Colombo to look at avenues to bring into the country the much required Foreign Direct Investments (FDIs).
LOLC releasing its first quarter results for FY20/21, today said it has recorded the highest ever profit-after tax (PAT) of Rs.37.2 billion compared with Rs.5.6 billion recorded for the corresponding quarter of the previous year. Profit attributed to
President’s Secretary Dr.P.B. Jayasundara this week (24) told a private television station that Sri Lanka has amassed vehicles enough for the next two and a half years during the five-year period of 2014-2019.
Nutrition value and quality of locally farmed poultry and eggs are set to take a plunge with feed manufacturers pushed to substitute the key ingredient maize with other cereal grains.
The on-going financial year (FY20/21) will be the most challenging one yet, particularly for those engaged in the manufacturing of soy-based food products as the prices of soy beans in processed form are expected to surge.
The country’s largest mobile telecommunication services provider, Dialog Axiata PLC, yesterday welcomed Telecommunication Regulatory Commission of Sri Lanka’s (TRCSL) decision to take initial steps towards implementing number portability in Sri L
Sri Lanka’s oil palm industry plans to meet President Gotabaya Rajapaksa to discuss the industry’s future with expectations for a fair hearing and relief amid the recent policy announcement to completely ban the plantation of oil palm in the cou
The growth in land values in the Colombo district fell below 10 percent for the first time in years, decelerating to 7.1 percent year-on-year (YoY) in the first half of the year from 10.8 percent recorded in the second half of 2019, according to the
Although the outstanding private credit showed a slight contraction, the disbursements of new loans starting from July showed a rapid acceleration, reaching beyond the pre-pandemic levels pointing to expansion in the economy.
The country’s largest celco, Dialog Axiata PLC, yesterday welcomed the Telecommunication Regulatory Commission of Sri Lanka’s (TRCL) decision to take initial steps towards implementing number portability in Sri Lanka.
Home-grown taxi hailing app, PickMe called on the government to increase its efforts in creating a level playing field so that entities, such as itself, that has digital solutions as its core operations can compete better with multinationals in the i
Pearl Energy (Pvt.) Ltd has signed an agreement with the Board of Investment (BOI) of Sri Lanka to set up a floating storage LNG trading facility at the Hambantota port, with an investment of US $ 97.2 million.
The proxy rate for small and medium-sized enterprise (SME) loans fell by the most during July, indicating that the interest rates for small businesses are now easing faster than earlier, while also moving in tandem with the rates offered for their la
The Central Bank (CB) is considering liquidity support for four troubled non-bank financial institutions (NBIFs) in the country while mulling on a plan to promote consolidation within the sector, targeting mid to long-term sustainability of NBIFs.
In a disclosure to the Colombo Stock Exchange (CSE), the board of MTD Walkers PLC yesterday informed that Lakma Holdings (Pvt.) Ltd led by Dr. Arosha Fernando has signed a share sale and purchase agreement to acquire 90 percent of the shareholding of
The Telecommunication Regulatory Commission of Sri Lanka (TRCSL) yesterday said it is initiating preliminary measures to implement number portability in Sri Lanka.
The Palm Oil Industry Association (POIA) yesterday said in a statement that while it respects the decisions relating to the industry contained in the policy statement of President Gotabaya Rajapaksa, it trusts that a pragmatic solution would be provi
Sri Lankan tyre dealers, traders and buyers are faced with a looming tyre scarcity in the country, owing to the prevailing restrictions on importation.
Mercmarine Training, the maritime training institute of the Mercmarine Group, is ready to welcome its latest batches of students who are looking to pursue world-class marine education right here in Sri Lanka. Interested students can submit their appl
18 Nov 2024 51 minute ago
18 Nov 2024 2 hours ago