Category: Economy and Markets
EFutures develops a Digitized System for Medical Claim Processing.
EFutures is a boutique software product engineering agency that focuses on technology companies. Overview Students in the state of California are provided healthcare by their schools. In turn, schools are eligible to receive reimbursement for costs incurred, from the government. To do this, a formal claim needs to be submitted, by filing necessary paperwork as […]
First Capital Holdings PLC’s LKR 2 Bn debenture issue snapped up on opening day
The Listed, Rated, Unsecured, Senior, Redeemable Debenture Issue of First Capital Holdings PLC with a tenure of 5 years was successfully oversubscribed on the opening day 1st February 2021. First Capital Holdings PLC having received a substantial number of applications, decided to exercise the option of increasing the issue up to LKR 2 billion. Commenting […]
Sri Lanka national tea sales average up in Jan 2021
All elevations show an increase YOY in LKR and USD terms Feb 03, 2021 (LBO) – The National average for the month of January 2021 of Rs. 645.02 (USD 3.40) has shown an increase of Rs. 56.17 vis-à-vis Rs. 588.85 (USD 3.28) of January 2020, Forbes & Walker Tea Brokers said in a report. However, the report […]
APHNH calls for prioritization of private healthcare workers in National vaccine drive
In an appeal to the Government, The Association of Private Hospitals and Nursing Homes (APHNH) requested that private healthcare workers receive priority, alongside national healthcare workers, in the ongoing COVID-19 vaccination drive. The Association noted that private healthcare workers are not listed under the Government’s vaccine prioritization policy yet, and urged authorities to reconsider this […]
Piramal Glass Ceylon reports 110-pct growth in PAT for nine months
Piramal Glass Ceylon reported its nine-month results as at 31st December 2020, with a turnover of Rs. 5,961 Million & PAT of 694 Million as against Rs. 5,832 Million & Rs. 330 Million in the previous year during the similar period. The Company reported a growth of 2% in revenue with 110% growth in PAT. […]
Stock market halted after S&P SL20 drops over 7.7-pct
Colombo Stock Exchange (CSE) on Tuesday halted its trading for 30 minutes due to the S&P SL20 index dropping over 7.7% from the previous close. The CSE said the halt will be lifted at 2.17 p.m. Regular trading was halted for 30 minutes earlier in the day as well after the S&P SL20 index dropped […]
Sri Lanka inflation at 3-pct for Jan 2021
Feb 02, 2021 (LBO) – The overall rate of inflation as measured by CCPI on Y on Y basis is 3.0 percent in January 2021 and Y on Y inflation calculate for the month of December 2020 was 4.2 percent. As per the Statistics Department, Year on Year inflation of both the Food Group and […]
‘s foreign currency reserves fall below foreign debt obligations
Sri Lanka’s foreign currency reserves which were at USD 5.7Bn as of December 2020, have now marginally fallen below the foreign debt obligations for the first time in the recent past as foreign currency reserve cover falls below 1.0x. Official reserve assets of the country stood at USD 5,665Mn as of 31 December 2020 while […]
Union Assurance awarded for excellence in integrated reporting for 2020
Reaffirming its commitment to the value of transparency, accountability and integrity while maintaining an exceptional financial track record, Union Assurance PLC was awarded among the 10 Best Integrated Reports at the 2020 CMA Excellence in Integrated Reporting Awards, organized by the Institute of Certified Management Accountants of Sri Lanka. The Awards are based on a […]
Minister green lights productivity-linked wage proposal for RPCs: Unions are still to agree
Feb 01, 2021 (LBO) – On the request of Labour Minister, Nimal Siripala de Silva, Regional Plantation Companies (RPCs) submitted a revised wage proposal to remunerate workers up to 1108 repees a day. The revised proposal was a result of a settlement, negotiated with the assent of the Minister. However, trade unions are still to […]
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 […]
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 […]