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The Ceylon Chamber Welcomes New Electricity Bill
In a landmark decision, the Parliament of Sri Lanka has approved the long-awaited Electricity Bill, marking a significant milestone in public sector reform. The Ceylon Chamber of Commerce, which has been advocating for this change for the past few years, warmly welcomes the decision, hailing it as a courageous and transformative step forward for the […]
USAID Supports Enhancing Investment Climate Through Commercial Alternative Dispute Resolution
The United States, through the United States Agency for International Development (USAID), is supporting Sri Lanka’ s efforts to improve its investment climate by enhancing access to commercial alternative dispute resolution (ADR). This initiative has led to the U.S.-sponsored training and accreditation of 23 international commercial mediators in Sri Lanka, doubling the number of qualified […]
WSO2 Hosts IAM CxO Event for Banking and Financial Services Industry Leaders
Identity and Access Management (IAM) is crucial in ensuring security, regulatory compliance, and delivering exceptional customer experience in critical industries such as banking and financial services. Effective IAM solutions protect sensitive customer data, streamline operations, and help financial institutions comply with stringent regulatory requirements. Recognizing this critical need, WSO2, a leading independent software vendor specializing […]
Approval Granted for “Starlink” to Provide Satellite-Based Internet Services in Sri Lanka
State Minister of Technology, Kanaka Herath, announced that the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has granted preliminary approval for ‘Starlink’ to provide satellite-based internet services in Sri Lanka. The State Minister emphasized that a two-week period has been allocated for a formal public consultation process regarding the approval of this internet service. Following […]
President Ranil Wickremesinghe inaugurated his new political office
President Ranil Wickremesinghe inaugurated his new political office in Colombo today (06) at an auspicious moment. The office, located on Sir Ernest de Silva Mawatha, will serve as the center for future political operations. The ceremony included religious rites and blessings performed by prominent religious leaders, including the Chief Sanghanayake of the Western Province, Venerable […]
”; Outlook Stable
Fitch Ratings has affirmed Commercial Bank of Ceylon PLC’s (COMB) National Long-Term Rating of ‘A(lka)’. The Outlook is Stable. At the same time, Fitch has affirmed the bank’s subordinated debt at ‘BBB+(lka)’ and proposed subordinated debt at ‘BBB+(EXP)(lka)’.
””; Outlook Stable
Fitch Ratings has affirmed the National Long- Term Rating on People’s Bank (Sri Lanka) (PB) at ‘A(lka)’. The Outlook is Stable.
SriLankan Cargo reinvents service delivery with strong customer focus
SriLankan Cargo, the air cargo division of SriLankan Airlines, recently unveiled its reinvented service delivery framework and website, with a strong focus on customer experience. The new service model of SriLankan Cargo classifies service delivery under Freshness Class, Wellness Class, Precious Class and Guardian Class to ensure consistent and premium care for customers and their […]
TISL Demands Transparency in Adani Wind Power Project: Files Right to Information Applications
Transparency International Sri Lanka (TISL) has filed a series of Right to Information (RTI) requests with public authorities seeking crucial information regarding the transparency, legality, evaluation process, pricing, government involvement, and the Environmental Impact Assessment (EIA) related to the Wind Power Project in Mannar and Pooneryn, involving India’s Adani Group. Earlier this year, Adani Green […]
Advocata welcomes economic transformation Bill
The Advocata Institute welcomes the government’s stated intention to move from an inward-oriented economy to a more open economy to boost international trade, foreign investment and productivity. The Sri Lankan government has gazetted the Economic Transformation Bill to overhaul the country’s economic landscape. This ambitious Bill aims to create a more competitive, export-oriented, and digitally-driven […]