Businesscafe - Seylan Bank has observed that COVID-19 has landed a heavy blow on Sri Lankan small and medium enterprises (SMEs), with wide spread adverse effects across multiple sectors and regions.
Businesscafe - Amidst adverse economic conditions, compounded by a month-long island-wide lockdown, JAT Holdings reported outstanding performance in Q1 of FY22, with a record revenue of LKR 1.4 billion during the period.
Businesscafe - Expanding digital accessibility at a time of increasing demand for online transactions, Nations Trust Bank entered into a strategic partnership agreement with Paycorp International to launch innovative and safer payment capabilities, benefiting both Nations Trust Bank American Express merchant business partners as well as Cardmembers.
Businesscafe - The Colombo Stock Exchange (CSE) has decided to revisit the methodology of the computation of the ASPI to determine the possibility of index movements being linked to the public float (as opposed to the total market capitalization as is current practice) of listed company constituents of the index.
Businesscafe - JAT Holdings, Sri Lanka’s trusted leader in wood coatings, hosted an informative virtual investor forum today (08) for their upcoming Initial Public Offering, following the official launch event held on the same day.
Businesscafe - Colombo Stock Exchange (CSE) has taken the initiative to introduce a new Over the Counter (OTC) Platform to carry out REPO Transactions on Debt Securities.
Businesscafe - The Colombo Stock Exchange (CSE) and CHEC Port City Colombo signed a Memorandum of Understanding (MoU) to enhance the capital markets in Sri Lanka by taking advantage of the Port City Colombo’s special emphasis of the Colombo International Financial Center, in order to establish a regionally recognized financial exchange within the country’s borders.
Businesscafe - In recognition of the government pensioners who have devoted their lives to the service of the community, DFCC Bank has planned a special virtual event exclusively for all of Sri Lanka’s government pensioners.
Businesscafe - Standard Chartered Sri Lanka continued a winning streak at ‘The Asset Triple A Treasury, Trade, Sustainable Supply Chain and Risk Management Awards 2021’ by walking away with the awards for ‘Best Service Providers for Cash Management’ and ‘Best Service Providers for Trade Finance’ in Sri Lanka for the fifth time.
Businesscafe - Sri Lanka’s tea smallholders estimate a 30% Year-on-Year (YoY) drop in harvests by the end of 2021, and a further halving of total production by March 2022 in the absence of a definite solution to acute fertilizer shortages following a controversial import ban.
Businesscafe - JAT Holdings, Sri Lanka’s trusted industry leader in finishing and furnishing, recently announced the firm’s intention to enter an Initial Public Offering (IPO) on the 20th of July 2021.
