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Sampath Bank strengthens partnership with Paycorp International, becomes first SL bank to enable…

BusinessEvan Lau and Darshin PathinayakeTags: Print EditionSampath Bank PLC announced that its connection to UnionPay International (UPI) is now complete and that the Sampath Bank Payment Gateway powered by UnionPay 3DS 2.0 is open for…
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Tourist arrivals exceed 329,000, dip expected

BusinessSome tourists in Colombo. Picture by Sulochana GamageTags: Print EditionTourist arrivals to date have exceeded 329,000 from January to April 8 this year according to the Tourism Development Authority. (SLTDA) In the first 18…
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SDB bank records Rs. 909 mn profit in 2021, growth of 9%

BusinessTags: Print EditionSDB bank has achieved outstanding financial results during 2021, amidst an unprecedentedly challenging economic environment. Total profits for the year ended December 31, 2021 stood at Rs 909 million,…
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SriLankan Airlines records first Q4 profit since 2006

BusinessTags: Print EditionSriLankan Airlines records its first profitable fourth quarter (Q4) since 2006 for the financial year that ended on March 31, 2022 with a group net profit of USD 1.7 million despite pandemic challenges. The…
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Committee on Public Finance approves resolution

LocalTags: Print EditionFinance Ministry should proactively get involved to look into whether the tax reductions on commodities such as rice being imported actually benefit the public as intended, Committee on Public Finance commented.…
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IMF assures fullest support to Sri Lanka

BusinessTags: Print EditionThe Sri Lankan delegation to the IMF headed by Finance Minister Ali Sabry, Governor of the Central Bank Dr. Nandalal Weerasinghe and Secretary to the Ministry of Finance Mahinda Siriwardena meet Indian…
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Wheat flour increased, bread loaf rises by Rs.30

LocalTags: Print EditionThe Bakery Owners’ Association yesterday said that a loaf of 450g bread will be increased by Rs.30 with effect from yesterday midnight.The Association added that the prices of other bakery products will also be…
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Panic selling drags down market – SC Securities

BusinessTags: Print EditionThe ASPI declined by 3.89% this week. The S&P declined by 5.33% this week. The net foreign outflows for the week stood at LKR 207 Mn. Sri Lanka stock market slightly gained on Monday under the newly…
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SLIIT introduces Financial Mathematics and Applied Statistics

BusinessTags: Print EditionThe Sri Lanka Institute of Information Technology (SLIIT) has recently announced the continuation of the course on Financial Mathematics and Applied Statistics. This will be the first degree conducted by the…
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