Banks forcibly converting USD into LKR?
Customers have been complaining that licensed commercial banks (LCBs) are forcibly converting their US dollars into Sri Lankan rupees (LKR), reportedly based on a circular the Central Bank of Sri Lank Read More »
Busy Wednesday for LOLC finance companies
LOLC Holdings PLC announced yesterday (5), via a Colombo Stock Exchange (CSE) corporate disclosure, that it will be consolidating its two finance companies – LOLC Finance PLC (LOFC) and Commercial Le Read More »
Improving forex from export revenue is wishful thinking: Subhashini Abeysinghe
Despite the fundamental belief that export earnings would contribute in improving foreign reserves, economist Subhashini Abeysinghe Tweeted that it would not be upto the expectation at this juncture d Read More »
$ 500 m allocated for maturing ISB payment
The Central Bank of Sri Lanka (CBSL) has allocated $ 500 million for the servicing of an international sovereign bond (ISB) that is reaching its maturity on 18 January 2022. Read More »
The story behind Underdogs Sri Lanka
Underdogs Sri Lanka was created to give a second chance to strays in need of support. Set in an area where the signs of civil war are still affecting the community, Underdogs Sri Lanka is completely d Read More »
African expansion fuels Hela growth
Hela Apparel Holdings Ltd., in its Investor Forum held yesterday (5), stated that Hela has leveraged its first-move advantage in Africa, which is the final frontier for manufacturing, as well as compe Read More »
Rajeev Mehta appointed Chairman of Virtusa Board
Virtusa Corporation yesterday (5) announced the appointment of Rajeev (Raj) Mehta as its new Chairman of the Board of Directors. Read More »