IFC helps CBSL launch Roadmap for Sustainable Finance
Dr. Nandalal Weerasinghe, Senior Deputy Governor, Central Bank of Sri Lanka launching the Roadmap at the Sustainable Banking Network Global Meeting of...
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Central Bank launches Roadmap for Sustainable Finance in Sri Lanka
The Central Bank of Sri Lanka launched the Roadmap for Sustainable Finance in Sri Lanka on April 10, 2019 at the Sustainable Banking Network Global Me...
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Asian markets mostly up as China, US hail trade talk’s progress
While the news was once again upbeat, Asian markets were unable to press ahead with the rally that has characterised the past two weeks ...
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Softlogic 3Q hit by weak retail sales, currency depreciation and import restrictions
Softlogic Holdings PLC recorded a net loss of Rs. 346.6 million for the quarter ended December 31, 2019 (3Q19) from a profit of Rs.77 million in the y...
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Customs TU action cripples Colombo business
Food importers and wholesalers shut their shops in the capital city yesterday, demanding the government to resolve trade union action by Customs offic...
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No more excuses! ecommerce is a do or die for Lankan businesses” - Dulith Herath
Sri Lanka’s e-com pioneer Dulith Herath says in exclusive interview discussing how his network of online retail facilitators, from ‘Kapruka’ to...
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Rupee falls on importer dollar demand; stocks post 8-week closing low
(Colombo) REUTERS: Sri Lanka’s rupee closed weaker yesterday due to dollar demand from importers, while stocks fell to an eight-week closing low ami...
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China looking to set up FTZ in Sri Lanka for rubber exports
Plantation Industries Minister Navin Dissanayake in discussion with the Chinese delegation High-powered Chinese delegation in Colombo Nav...
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Second biggest hotel is family member’s investment
The construction work on the second biggest hotel in the Southern province is proceeding apace, they say. This 200-room- hotel coming up on a...
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Cigarette smuggling costs Sri Lanka Rs.18bn in tax revenue in 2017
The government may have lost Rs.18 billion in cigarette tax revenue as a record 583 million illicit cigarettes were estimated to have smuggled into Sr...
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Financial sector regulators sign MoU for consolidated risk-based supervision
Central Bank Governor Dr. Indrajit Coomaraswamy and representatives of the three regulators, viz, Central Bank Deputy Governor H.A. Karunaratne, SEC D...
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Trade deficit soars on higher vehicle, fuel imports
October trade deficit up to US $ 903mn from US $ 752mn YoY Cumulative trade deficit in 10 months at US $. 8.8bn from US $ 7.6bn Oct. imports up...
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Asia shares round out rough week with fresh losses
Markets sank across the world even as the Fed predicted two interest rate increases next year down from three with the bank trimming its forecast for ...
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Corporate Sri Lanka braces for new budget proposals
Businesspeople won't throw up their arms in despair and tell you that they are nervous about what the budget for the year 2019 would bring, but they a...
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Hutch announces plans to invest US $ 200mn following merger with Etisalat
Merging 2G and 3G operations soon and launch of nationwide 4G in 12 months Merger will end up Hutch having around 2,500 towers across the island ...
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Asian markets edge higher at end of painful week
HONG KONG (AFP) - Asian investors battled to finish a volatile week with some stability yesterday as they weigh the outlook for China-US trade talks a...
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8 companies struggle to reach 1 Jan capital deadline of Rs 1.5B
At least eight Licensed Finance Companies (LFCs) have to fulfil their Rs 1.5 billion minimum capital requirements by 1 January, a deadline imposed by ...
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Urban sector computer literacy rate tops 40%
Overall computer literacy at 28.6% in 2017 One out of every five households owns either a desktop or a laptop computer Digital literacy at 40.1...
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Great opportunities for retail sector in 2019
Sri Lanka will have a very bright 2019 though the end of 2018 has been unsteady, said Ranjit Page, Deputy Chairman and Chief Executive Officer at Carg...
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Hela Clothing secures Rs.1.2bn capital infusion
Sri Lankan apparel manufacturer Hela Clothing Group yesterday announced that it had secured a capital infusion of Rs.1.2 billion, by way of a mix of s...
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Sri Lanka's private sector moving ahead despite power stand-off
Dave Group unveils innovative John Deere farming technology in Sri Lanka, at an event held at Colombo Hilton yesterday. (L-R) Vinayak Vasagade Sales M...
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'Positive outcomes from adjustments on gold and motor vehicle import tariffs'
The adjustments on gold and motor vehicle import tariffs coupled with good rainfall in catchment areas, which has positive implications for local hydr...
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Sampath Bank surpasses Rs.14 billion mark in Pre-Tax Profit
Sampath Bank achieved Rs.14.2 billion in Profit Before Tax (PBT) within the first 3 quarters of 2018, 20.3% higher than the PBT of Rs.11.8 billion rec...
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