Tag: lbo
Over 1.2Mn orders were influenced by Daraz Live campaigns and streams in 2022
Daraz Group, South Asia’s leading e-commerce platform, released the inaugural report on Daraz Live selling in South Asia. The report indicated that live commerce, a combination of live streaming and sales is one of the fastest-growing platforms for raising awareness for brands and sellers alike. The report looks at Daraz Live’s performance over twelve months […]
SL Retail Ass President stresses need for regulatory and policy overhaul to ensure industry’s future
The Sri Lanka Retail Forum (SLRF) 2023 conducted by the Sri Lanka Retailers Association (SLRA) on 1st March, 2023, will address many of the pressing challenges currently faced by the industry, and explore proven strategies and vital avenues to explore to ensure stability and sustainability for the industry, SLRA President Murali Prakash stated. Against a […]
Pan Asia Bank reports profit of Rs. 2Bn in 2022: Report
Total Assets touch Rs. 208 billion, up by 10% Customer deposit base reaches Rs. 162 billion, up by 11% Profit after tax for the year stood at Rs. 2 billion The Bank maintains a Net Interest Margin of 4.70% The Bank reports a decent Return on Equity of 10.58% and Post Tax Return on Assets […]
Govt expects investment to flow but country risk remain unresolved: Eran
We are talking on two Regulations under the Port City Really to get this country out of the current economic mess we know we have a debt crisis and looking for more debt but not forthcoming due to the fault of governance without implementing rule of law said Eran Wickramaratne speaking in the parliamentary debate […]
CSE enables REPO transactions between eligible investors operating through same trading participant
The Colombo Stock Exchange (CSE) announces the amendment of Trading Rules on the Over the Counter (OTC) Platform, where Repurchase (REPO) transactions in Corporate Debt Securities would be permitted between two (2) eligible investors operating through the same Trading Participant. The amended rules have been approved by the Securities and Exchange Commission of Sri Lanka […]
SLT-MOBITEL Enterprise, first in SL to obtain VMware Cloud Verified Certification with VCF cloud deployment
SLT-MOBITEL, the National ICT Solutions Provider of Sri Lanka, has announced that it has become the first service provider in the country to obtain VMware Cloud Verified Certification with VCF deployment. This global program identifies the most trusted cloud providers delivering services running on VMware technology. The certification provides a secure and compatible private cloud […]
RIU to host webinar on achieving debt sustainability and safeguarding social wellbeing
The Research Intelligence Unit (RIUNIT) is hosting the webinar entitled ‘lessons from Sri Lanka’s sovereign debt crisis’ on 22 February 2023, which aims to draw international lessons from the current economic crises. An extremely high powered panel includes Ali Sabry, Attorney-at-law and the current Minister of Foreign Affairs, Sri Lanka; Yanis Varoufakis, former Minister of Finance, […]
‘s signal: Eran
SJB Parliamentarian Eran Wickramaratne said that what President signaled implies that he would not hold the elections, he would protect Rajapaksas for the rest of his term and he would do what he can. It also seems that the President is moving towards a system that violates the Constitution and laws related to elections. Addressing […]
French Ambassador assures France’s support to Sri Lanka
France stands ready to support Sri Lanka in its efforts to restructure its debt, Ambassador for France His Excellency Jean-François Pactet announced at a recent meeting with the Sri Lanka France Business Council of the Ceylon Chamber of Commerce. Attended by the Ambassador Designate of Sri Lanka to France Mrs.Manisha Gunasekera, members of the French […]
High Commissioner Moragoda meets Finance Minister of India ahead of G20 meeting
High Commissioner of Sri Lanka to India, Milinda Moragoda met with the Finance and Corporate Affairs Minister of India Smt. Nirmala Sitharaman on 14 February 2023 at the Ministry of Finance in New Delhi, as the latest of a series of meetings he has had with her since November 2021. The meeting between the Finance […]
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Fitch Ratings has revised the Outlook on Sri Lankan home builder Home Lands Skyline (Pvt) Ltd.’s (HLSL) National Long-Term Rating to Negative, from Stable. The agency has simultaneously affirmed the rating at ‘A(lka)’. The Negative Outlook reflects the deteriorating operating conditions for home builders, such as HLSL, which may lead to weakened home sales, slower […]
SriLankan Airlines to start operations to China
SriLankan Airlines is set to renew its commercial operations to China in the first week of April 2023, with a thrice weekly service each to Shanghai, Beijing and Guangzhou as China reopens its borders. China was a leading source market for inbound tourism to Sri Lanka and one of SriLankan’s premier leisure traveller segments before […]