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Sri Lanka official reserves down to USD4.8bn by end January; YTD rupee depreciation 4.2-pct
Sri Lanka’s official reserves were 4.8 billion US dollars (USD 4,814.6mn) by the end of January 2021, down from 5.7 billion US dollars in December last year, the latest Central Bank data showed. By the end of January, the foreign currency reserves were 4,343.9 million dollars while the reserve position in the IMF was 69.0 […]
Hemas reasserts its agility with a strong quarter performance
Hemas Holdings PLC (HHL) delivered another strong quarter of results driven by its commitment to serve its customers in the core segments, Home and Personal Care (HPC) and Healthcare amidst the outbreak of the second wave of COVID-19 pandemic and the resultant localised lockdowns within the Western Province and suburbs. Continued focus on working capital […]
Port City donates Rs. 20Mn worth PCR equipment and testing kits to SL
CHEC Port City Colombo donated a PCR testing machine and 5,000 PCR test kits worth over Rs. 20 million to the government today. On behalf of Mr. Jiang Houliang, Managing Director, CHEC Port City Colombo (Pvt) Ltd, Mr. Yue Yeqing, Asst. Managing Director of CPCC handed over the equipment to Hon. Basil Rajapaksa, Chairman, Presidential […]
PM opens new manufacturing facility of seafood exporter Ceylon Catch
The new fish manufacturing facility of Ceylon Catch (Pvt) Ltd. was declared open by Prime Minister Mahinda Rajapaksa on Thursday at Dankotuwa. The company is one of Sri Lanka’s leading exporters of seafood to the United States, Japan, Canada, China, Thailand, and Taiwan. Their tuna is line-caught, traceable to the point of catch, and certified […]
SEC and CSE meet with Stockbrokers to discuss current status of stock market
The Securities and Exchange Commission of Sri Lanka together with the Colombo Stock Exchange on Thursday held a discussion with the stockbroker firms on the current status of the stock market. Full statement issued by SEC The Securities and Exchange Commission of Sri Lanka (SEC) together with the Colombo Stock Exchange (CSE) met the CEO’s […]
Eco-Spindles breaks ground on new polyester yarn facility
Aims to double polyester yarn production by 2022 2,300 tonnes of waste plastic bottles recycled in 2019/20 Targeting export demand for recycled polyester fabrics Pioneering Sri Lankan plastic bottle recycler and manufacturer of polyester yarn and monofilaments, Eco-Spindles (Pvt.) Ltd commenced Phase 2 of its expansion strategy to add 20,000 sq.ft of production space […]
Agreement signed with ICTA to digitize entire judicial system in Sri Lanka
The Ministry of Justice, the Judicial Services Commission and the Information and Communication Technology Agency (ICTA) jointly initiated a program to digitize the entire judicial system in Sri Lanka. The Memorandum of Understanding was signed today (11.02.2021) at the Ministry of Justice. The first phase of the project is expected to be completed by 2021.This […]
Sri Lanka and Japan conclude 2nd Policy Dialogue virtually
The second round of Sri Lanka – Japan Policy Dialogue at the Senior Official Level of the two Foreign Ministries was held virtually yesterday, 10 February 2021. Reminiscing the solid foundation of recorded political and cultural interactions between Sri Lanka and Japan, the two sides discussed an array of policy priorities in the national, regional and international levels, and resolved to work together in pursuing the common goals of interest. Both sides reviewed and […]
SLT Group’s operating profit for 4Q 2020 grew by 27-pct, revenue recorded at Rs. 24Bn
Sri Lanka Telecom PLC (SLT) Group concluded financial year 2020 on a high note, with a significant 25% YoY growth in profit after tax to Rs. 7.9 Bn, despite many challenges faced by the Group arising from the COVID-19 pandemic. Group revenue climbed to Rs. 91.1 Bn for the year with a 6% YoY growth, […]