Sri Lanka news, Sri Lanka economy, Sri Lanka rupee from …
WEB1 day ago · Sri Lanka rupee closes weaker at 303.75/85, bond yields up. Sri Lanka’s rupee closed weaker at 303.75/85 to the US dollar on Wednesday, from 302.25/80 on Friday, dealers said. 1 min read.
Sri Lanka’s CEB used Rs93bn profit to settle dues: Minister
WEBWednesday August 21, 2024 11:13 am. ECONOMYNEXT – A net profit of 93 billion rupees made by Sri Lanka’s state power utility the Ceylon Electricity Board was used to settle outstanding debt, the Minister of Power and Energy said. “The net profit of Rs 93 Billion by June 2024 has been utilized to pay the outstanding amounts to Renewable ...
Economy | EconomyNext
WEB3 days ago · Sri Lanka state worker wage cost to rise 0.2-pct to 3.8-pct of GDP in 2025. The salary hike would be made within the recurrent primary expenditure (before interest), of 12.7 percent of GDP. September 12, 2024 2 min read.
More News - EconomyNext
WEBMost Sri Lankans want increased govt spending on health, education: survey. Agriculture was the next highest priority for increased spending (33 percent), followed by food assistance (9 percent). September 13, 2024 3 min read. Banking.
Sampath Bank: the tech pioneer transforming the banking industry
WEBWednesday February 10, 2021 4:20 pm. Nanda Fernando, Managing Director at Sampath Bank, one of Sri Lanka’s largest private banks that pioneered the use of banking technology in the country, discusses how the bank is harnessing digital tech to transform the country’s banking and payments landscape. Tell us about some of the bank’s latest ...
How MAS Holdings became one of Asia’s most innovative …
WEBFeb 9, 2021 · MAS Holdings is the first company in Sri Lanka to receive Clarivate’s most influential innovator award in South and South East Asia, but also the first ever apparel manufacturer in the world to receive it. For its most recent awards Clarivate used data for 235 organizations tracking them from 2014 to 2018 and it was narrowed down to 28 ...
Sri Lanka central bank buys US$121mn in July, taking total to …
WEBAug 19, 2024 · Sri Lanka central bank buys US$121mn in July, taking total to US$1.87. ECONOMYNEXT – Sri Lanka’s central bank has bought 121 million US dollars from banks in July 2024, taking net purchases to 1.87 million US dollars in 2024. The central bank had to sell dollars on a net basis in June after an ealier spike in unsterilized excess liquidity ...
Markets - EconomyNext
WEB3 days ago · Sri Lanka rupee closes weaker at 301.50/302.00, bond yields up further. Bond yields were up. Iconic Trust (Private) Limited, a wholly-owned subsidiary of Browns Investments Plc, said it is making a mandatory offer to buy the remaining 373,991,364 ordinary voting shares of Sierra Cables Plc at 8.00 rupees a share.
KEELLS: Influencing retail’s new normal - EconomyNext
WEBJul 20, 2020 · Keells is at the forefront of setting these trends and driving retail’s new normal in Sri Lanka. With 109 modern trade outlets across the country, it is the supermarket business of listed John Keells Holdings. It has more than 345 distinct private labels apart from over 7,000 third party labels on its shelves.
How Union Bank’s new owners and leadership is reshaping its vision
WEBAug 21, 2024 · How Union Bank’s new owners and leadership is reshaping its vision. Wednesday August 21, 2024 11:09 am. In Sri Lanka’s banking landscape Union Bank is one of the youngest commencing operations in 1995. Since CG Capital Partners Global acquired a controlling stake in 2023, Union Bank is …