Bringing Sri Lanka into the digital age with DVB-S2X
By Pranalanka Warunawansa (Freesat)
Losses for half of Osu Sala outlets in 2021
More than half of the State Pharmaceuticals Corporation outlets incurred combined losses of Rs. 53 million in 2021, said a report by the auditor general.
John Keells Group contributes Rs. 100 million to 'Suwa Seriya'
The John Keells Group signed an agreement contributing Rs. 100 million toward the Suwa Seriya Foundation for use in the operations of the Suwa Seriya Ambulance Service.
Top European award to People’s Leasing
People’s Leasing Company, a provider of financial solutions in the non-banking financial institutions sector in Sri Lanka, has been awarded the European Society Quality Research (ESQR) Best Practices 2022 award.
Export earnings and import expenditure tally in February 2023
Sri Lanka’s export earnings and import expenditure were tallied at USD 1 billion each in February 2023, said the Central Bank.
Over 300,000 SMEs in peril
More than 300,000 small and medium scale businesses dependent on the banking system have either been closed already or are facing closure, according to the economic stabilization subcommittee.
LKR appreciation brings good and bad results
Sri Lanka’s rupee is set to decline and lose almost a fourth of its value against the dollar by end-2023, according to a Bloomberg report.
Hiru owner Rayynor ups stake in Sampath Bank to 6%
The owner of Hru Media network (Asia Broadcasting ) Rayynor Silva has increased his stake in Sampath Bank to over 6% by picking up 20 million shares for Rs. 1 billion, the Daily Financial Times reports.
Sri Lanka Retail Forum 2023 concludes
The Sri Lanka Retailers’ Association conducted the annual retail forum on the theme ‘Redefining Retail: Future Proofing the Forward Journey’ at the Cinnamon Grand last week.
SLT Group annual revenue surpasses Rs.100 billion
Sri Lanka Telecom Group (SLT Group), the National ICT Solutions Provider, posted impressive overall growth with annual revenue surpassing Rs 100 Bn once again, recording Rs 108 Bn for the financial year 2022.