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Stax says Sri Lanka slow to accept remote-working, advocates wider adoption
Stax Inc., a leading global management consulting firm, observes that delaying digitization during this pandemic era would present substantial drawbacks for Sri Lankan companies as they would lack the capacity to compete globally. By adopting digitization, Stax Inc. articulates that businesses would soon learn that customers are no longer confined to the geography of Sri […]
Ceylon Chamber to host Outlook 2021 forum next week
The Ceylon Chamber’s annual discourse on the year’s Outlook will be held virtually on 3rd February 2021, organised by the Chamber Academy. The Outlook webinar will provide the private sector with key insights on global and local indicators as well as perspectives to navigate through the evolving economic and policy climate which would help companies […]
Female-heads of households see their struggles compounded by pandemic
Tharshani, now 45, had already been struggling to make ends meet since her husband died 15 years ago due to the conflict. But since the COVID-19 pandemic and lockdowns that started last year, her income from poultry farming has dropped, and her eldest daughter, who they relied on for household expenses, has found no daily-wage […]
JKH Group revenue and EBITDA, excluding leisure, increases by 5-pct
Jan 27, 2021 (LBO) – Despite the isolation measures adopted by the authorities due to the second wave of the COVID-19 outbreak in early October 2020, which caused a slowdown in business activity and dampened consumer sentiment, the subsequent gradual easing of restrictions enabled the businesses across the Group to recover to near normal levels […]
What Investors Want To Know: Impact Of Sri Lanka National Scale Recalibration On Bank Ratings
Following Fitch Ratings’ downgrade of Sri Lanka’s sovereign rating to ‘CCC’ from ‘B-‘ on 27 November 2020, the Sri Lankan National Rating scale was recalibrated to reflect changes in the relative creditworthiness among Sri Lankan issuers. The recalibration of the Sri Lankan National Rating scale resulted in the revision of some ratings due to changes […]
Sri Lanka can achieve a greener and more prosperous future
By Andrew Zakharenka, Natural Resources Management Specialist Farmers, hoteliers and homestay owners, fishers, producers of the famous Kanthale milk curd, Ayurveda healers, fruit growers, developers, safari jeep drivers, local dwellers—all derive their livelihoods from shared natural resources offered by the Hurulu-Kaudualla-Kanthale (HKK) Landscape. Located in the North East of Sri Lanka and home to 650,000 […]
Health Ministry joins hands to launch Facebook’s Blood Donations feature in Sri Lanka
In an effort to make it easier for people to donate blood, Facebook has launched the Blood Donations feature in Sri Lanka in partnership with the Ministry of Health’s National Blood Transfusion Service (NBTS) supported by the Health Promotion Bureau (HPB). Till date, 24 blood cluster centers have been onboarded as part of the joint […]
Lina Spiro launches Sri Lanka’s first metered-dose inhaler manufacturing plant
Sunshine Healthcare Lanka (SHL), the healthcare arm of the diversified conglomerate Sunshine Holdings PLC (CSE: SUN), officially commenced the operations of its subsidiary, Lina Spiro (Pvt) Ltd, Sri Lanka’s first Metered-Dose Inhaler (MDI) manufacturing plant in Kadawatha today. The State Minister of Production, Supply and Regulation of Pharmaceuticals, Prof. Channa Jayasumana ceremoniously declared open the […]
Global equity interest in emerging markets expected to trickle down to CSE: Ceylon Asset Management
Jan 26, 2021 (LBO) – Local investors should exploit attractive valuations of the CSE before a Sri Lanka country rating revision and foreign investor confidence returns to the CSE, a new report says. “Invest in the Colombo Stock Exchange. Investors should include equity in portfolios during 2021, before PE ratio exceed 15X, ” the Ceylon […]
CSE issues new guideline for Stockbroker Firms to implement with immediate effect
In consultation with the Securities and Exchange Commission (SEC), the Colombo Stock Exchange (CSE) has issued a set of guidelines on best practices for Stockbroker Firms which are required to be adopted and implemented with immediate effect. The guideline has been approved by the SEC Commission on 13 January 2021 and were presented to the […]