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.
Businesscafe - The Colombo Stock Exchange (CSE) with the support of the Inland Revenue Department of Sri Lanka, PWC Sri Lanka and First Capital Holdings (Pvt) Ltd, recently conducted an online forum to discuss the tax reforms that have been proposed by the Sri Lankan Government.
Businesscafe - Sri Lanka’s most innovative bank, HNB enhanced its leadership in tech-enabled banking, as its revamped Digital Banking App surpassed Rs. 10 billion in average monthly transactions, setting a new industry standard.
Businesscafe - Softlogic Finance PLC, a subsidiary of Softlogic Capital the financial arm of the Softlogic Group, announced plans to strengthen its Tier 1 Capital in compliance with Capital Adequacy Requirements as stipulated by the Central Bank of Sri Lanka, through a planned Rs. 2,239,667,740.00 Rights Issue to existing Shareholders.
Businesscafe - Airtel and Hutch have become the latest additions to the ComBank Q+ Payment App ‘In-App Bill Payments’ feature which already facilitates Dialog and Mobitel pre-paid and post-paid bill settlements.
Businesscafe - The Ceylon Money Market Fund managed by Ceylon Asset Management (CAM) emerged as the top performing Money Market Fund for 2021 Q1 reporting an annualized return of 8.23% p.a.
Businesscafe - DFCC Bank, the premier commercial bank in Sri Lanka, has been at the forefront of enhancing the development of the nation’s dairy sector through innovative micro financing solutions from specialized Value Chain Financing schemes.
Businesscafe - Continuing to offer greater assistance to cardholders during the current global health and financial crisis, SampathCards rolled out a host of additional benefits and privileges to Sampath Mastercard / Visa Credit and Debit Cardholders as well as Sampath Bank American Express Credit Cardmembers on a wide range of essential expenses.
Businesscafe - The Commercial Bank of Ceylon has once again been named among the global giants in banking, becoming the only Sri Lankan bank to be ranked in the ‘Top 1000 World Banks’ announced annually by ‘The Banker’ magazine of the UK, for the 11th consecutive year in 2021.
Businesscafe - Aligned with the Company’s 25th anniversary celebrations, Citizens Development Business Finance PLC (CDB) began its next chapter of service excellence in Kurunegala with the ground breaking ceremony of its newest state of the art branch.
