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”; 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 […]
VIDEO: Earthquake in Indian politics – What cost Narendra Modi a landslide victory in election
Narendra Modi’s underwhelming victory in the Indian election has been described as an ‘earthquake in Indian politics’. India’s election results have sprung a surprise with the ruling BJP of prime minister Narendra Modi falling short of a majority. What are the top takeaways from these results?
Softlogic Capital grows 13-pct, records Rs. 431Mn PBT in FY24
Softlogic Capital, the financial services sector of the Softlogic Group consisting of Softlogic Life, Softlogic Finance, Softlogic Stock Brokers and Softlogic Asset Management (Softlogic Invest), recorded robust and resilient revenue growth, reporting notable top-line growth during the year ended 31 March 2024. Softlogic Capital’s consolidated revenue reached Rs.36.7 billion for the year ended 31 March […]
MullenLowe SL appoints Lakshika Gunatilake to head LowePublic
The MullenLowe Group Sri Lanka (MLG), the largest multidisciplinary brand communications group has appointed Lakshika Gunatilake, as the head of its Public Relations arm – LowePublic. Gunatilake joins the group after serving at Sri Lankan Airlines for the past 23 years. Her last position prior to taking up the role with MLG beingSriLankan Airline’s Digital […]
EFC delegation meets northern province Chief Secretary facilitated by ILO
A delegation representing 14 leading private sector companies together with Employers’ Federation of Ceylon (EFC) engaged in a high-level visit to explore strategic investment, trade, and growth opportunities in key sectors in the northern province. Organized by the International Labour Organization (ILO) in partnership with EFC, among the key objectives of the visit were to […]
Sri Lanka Leads Region in Recruiting More Women in Banking Industry but Barriers Remain: IFC Report
With 46 percent of all entry-level hires, a new study by the International Finance Corporation (IFC) finds that Sri Lanka is ahead of some of its South Asian peers in recruiting women at the entry-level of the banking industry. The study supported under the Women in Work program—a partnership between IFC and the Australian government— […]