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WEBSri Lanka rupee opens stronger at 298.70/80 to US dollar, bond yields up. Bond yields were up, they said, and stocks opened up 0.09 percent. 1 min read. Economy.
People’s Bank digital strategy: enabling growth amidst a crisis
WEBFeb 11, 2021 · In 2020, the total value of digital transactions exceeded Rs300 billion, a sharp increase from a year earlier. The number of People’s Wiz accounts doubled to more than 1.1 million while the transaction value grew over 90% to Rs173 billion in 2020. People’s Wave mobile app and People’s Web retail internet banking new registrations ...
Sri Lanka’s Brandix focusing on worker safety as exports face triple ...
WEBJun 18, 2021 · ECONOMYNEXT- Brandix, an apparel group employing over 70,000 staff worldwide is fighting a twin battle to keep workers safe and earning export revenues vital to keep the pandemic hit Sri Lanka stable, while also overcoming price competition and rising costs, an official said. Sri Lanka’s exports fell after the first quarter of 2020 as supply ...
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 personal income tax relief to cost 0.08-pct of GDP
WEBSunday August 18, 2024 1:32 pm. ECONOMYNEXT – Sri Lanka’s planned relief to personal income tax payers could cost 0.08 percent of gross domestic product in lost revenues and would be compensated by additional tax measures, Treasury Secretary Mahinda Siriwardana has said. President Ranil Wickremesinghe said last week that Sri Lanka and the ...
About - EconomyNext
WEBAbout EconomyNext. EconomyNext is an economic, financial and political news service with a primary focus on Sri Lanka. It provides independent news, analysis and comment on business, economic and policy in Sri Lanka and the world. It is published by Echelon Media (Pvt) Ltd, the publishers of Echelon magazine in Colombo.
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 ...
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.
Thriving in the Digital Age: How Daraz is Transforming Retail for …
WEBAug 16, 2023 · Backed by Alibaba’s technology, Daraz has significantly transformed the e-commerce landscape in Sri Lanka, and despite the economic downturn in 2022, the company is now focusing on recovery and growth for major retail brands in the country by adapting to consumer trends and expanding its offerings, avers Oshan Ranatunga, Chief Commercial Officer of Daraz Sri Lanka.
Sri Lanka’s fast spreading leaf disease could wipe out rubber in ...
WEBSep 1, 2021 · ECONOMYNEXT – Sri Lanka’s large rubber industry has warned of a 15 to 20 percent production drop this year as leaf disease spread rapidly without enough fungicide to combat it or fertilizer to help trees recover amid an agro-chemical import ban.
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