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Microsoft Sri Lanka Leads the Way in Harnessing AI for Business Transformation

Microsoft Sri Lanka recently hosted ‘Leading the Era of AI’, an event that presented a unique opportunity for partners and customers – from a cross section of industries including banking and finance services, manufacturing and general industries – to propel their businesses into the AI era. The event aimed to equip business leaders with an […]

Global Bond Yields Climb as US GDP Growth Picks Up: Fitch Ratings

Global Bond Yields Climb as US GDP Growth Picks Up: Fitch Ratings

Global bond yields have risen significantly in recent months as US economic growth has picked up, supported by strong consumer spending and job creation. The rise in yields in the US and Europe is despite signals from central banks that policy interest rates are approaching peaks and clear evidence that monetary tightening to date is […]

CDS signs Agreement with LankaPay Online Payment Platform

The Central Depository Systems (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), recently signed an agreement with LankaPay, Sri Lanka’s National Payment Network, joining its Online Payment Platformto develop an innovative payment platform to facilitate a seamless and a secure payment experience for investors. The new payment platform promises to transform how […]

Between Homefront Policies and Global Developments: Sri Lanka’s External Sector Outlook

By Nilupulee Rathnayake Having weathered a challenging period marked by a deep economic crisis, Sri Lanka is now demonstrating positive signs of an economic upturn. Still, amidst limited homefront policy alternatives against an unfavourable global backdrop, a critical question arises: how will Sri Lanka’s external sector cope in the face of these challenges? Notably, import […]

Moodys

Moody’s & Google Cloud Partner on Generative AI Applications Tailored for Financial Services Professionals

Moody’s Corporation (NYSE:MCO) and Google Cloud today announced a new strategic partnership to explore bringing together Moody’s expertise in financial analysis and Google Cloud’s advanced generative AI (gen AI) technologies to help Moody’s customers and employees leverage new large language models (LLMs) to glean new financial insights and summarize financial data faster.  The partnership is […]

melstacorp

”; Outlook Stable

Fitch Ratings has affirmed the National Long- Term Ratings of Sri Lanka-based conglomerate Melstacorp PLC and its subsidiary, Distilleries Company of Sri Lanka PLC (DIST), at ‘AAA(lka)’. The Outlook is Stable. Fitch equalises the rating of DIST, which has a stronger credit profile than its parent Melstacorp, to the consolidated profile of its parent, based […]

President Wickremesinghe meets Chinese President Xi Jinping

President Xi Jinping of the People’s Republic of China stated that China is committed to assisting Sri Lanka in achieving economic stability without any political agenda. He expressed his desire to collaborate closely with President Ranil Wickremesinghe. Furthermore, President Xi Jinping acknowledged that Sri Lanka’s speech at the United Nations General Assembly, delivered by President […]

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