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” to place knowledge at the fingertips of entrepreneurs
Dialog Axiata PLC launched Diriya .lk, a free, trilingual online knowledge portal. This homegrown website features a comprehensive knowledge base sourced from reputable contributors including the International Finance Corporation (a member of the World Bank Group) and local collaborations with renowned government and private sector organisations. Powered by Sri Lanka’s premier connectivity partner, Diriya .lk is […]
First Capital records highest ever PAT of Rs. 2.09 Bn
First Capital Holdings PLC recorded a Consolidated Profit after Tax of LKR 2.09Bn for the financial year 2020/21. The results show a significant growth compared to Consolidated Profit after Tax of LKR 1.07Bn recorded in the previous year. The Total Comprehensive Income recorded for year 2020/21 is LKR 2.01Bn compared to LKR 1.04Bn reported in […]
Govt and ADB sign USD200Mn loan agreement for rural road development
The Asian Development Bank (ADB) and the Government of Sri Lanka recently signed a $200 million loan agreement for the Second Integrated Road Investment Program Tranche 3 to continue ADB’s assistance to upgrade Sri Lanka’s rural road network connecting vast rural populations to jobs and services. “Economic growth is hindered by poor transport infrastructure, particularly […]
Members appointed to Colombo Port City Economic Commission
President Gotabaya Rajapaksa has appointed the members to the Colombo Port City Economic Commission, the President’s Media Division said. The Commission is Chaired by Gamini Marapana PC and the other members of the Commission are, 01- Secretary to the Treasury, S. R. Attygalle 02- Water Supply Ministry Secretary Dr. Priyath Bandu Wickrama 03- Former Board […]
Thinking about investing in the Northern Province?
By Jekhan Aruliah A few years ago I was speaking with a main board director of one of Sri Lanka’s largest companies. I asked him, a Jaffna Tamil gentleman approaching retirement, why his company still had not invested in the North several years after the war had ended. What he said put simply is there […]
Healthcare & Consumer propel Sunshine Holdings’ FY21 performance amidst pandemic
Diversified Sri Lankan conglomerate Sunshine Holdings (CSE: SUN) recorded resilient revenue and profit growth in a pandemic-affected macroeconomic environment, reporting notable top-line and bottom-line performances growth during the year ended 31 March 2021 (FY20/21). Group’s Healthcare and Consumer sectors led growth while healthcare segment remained the major contributor to total Group revenue in FY21. […]
State Ministry of Regional Cooperation launches Creative Economy Programme
The State Ministry of Regional Co-operation has launched a “Creative Economy Programme” with the view towards contributing to the country’s economy and promoting Sri Lanka’s cultural heritage. The ‘creative economy’ is a rapidly expanding segment of the global economy and has made a crucial contribution towards generating employment, income and exports. Based on creativity, it […]
MV X-Press Pearl: Port City Colombo donates Rs. 2 mn worth PPE to support cleanup
Port City Colombo donated over Rs. 2 million worth Personal Protective Equipment (PPE) to the Marine Environment Protection Authority (MEPA) yesterday (28) to support its ongoing efforts to clean up the debris and chemical waste collected on the coastline resulting from the MV X-PRESS PEARL ship fire. The MEPA, together with the tri-forces, undertook the […]
VIDEO: Are Swiss banks in trouble?
A global clampdown on tax evasion, led by U.S. law authorities, has transformed the banking industry in Switzerland. Without its famed reputation for secrecy, wealthy foreigners no longer see it as a haven to hide their money. So how have Swiss banks adapted?
President decides not to relax travel restrictions until June 07th
President Gotabaya Rajapaksa has decided not to relax travel restrictions until June 07. The decision was taken by the President at a meeting with the Special Committee on COVID 19 Control held at the Presidential Secretariat this morning (28). Initially, it was decided to relax travel restrictions on three selected days during the travel restriction […]