All Blogs
Enabling SME sector to digitize payments can accelerate economic growth: Country Manager for Visa
As Sri Lanka focuses on economic recovery, transforming the digital payment landscape for businesses will be a strategic area to consolidate growth, says Avanthi Colombage, Country Manager for Visa in Sri Lanka and Maldives. Visa, a global leader in digital payments, believes that unlocking the potential that digitizing payments can offer to the SME (Small […]
Cinnamon to host Google’s former CBO and Best-Selling Author Mo Gawdat
Visit in late August includes keynote discussion on future of AI and organization happiness. Cinnamon Hotels and Resorts will welcome Mo Gawdat, the former Chief Business Officer of Google [X], for a profound keynote discussion on the future of AI and organization happiness, at Cinnamon Lakeside Colombo on 28 August. With his expertise in navigating […]
ComBank Group remains resilient in volatile first half of 2023
Gross Income improves by 40.29% to Rs 167.668 Bn. Interest income up 71% to Rs 150.8 Bn, but interest expenses surge 139% to Rs 113.3 Bn. Appreciation of Rupee continues to impact loan book, deposits and assets The Commercial Bank of Ceylon Group has reported gross income of Rs 167.668 billion including a growth in […]
”’; on RWN
Fitch Ratings has assigned Commercial Bank of Ceylon PLC’s (COMB, A(lka)/Rating Watch Negative (RWN)) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to LKR12 billion an expected National Long-Term Rating of ‘BBB+(EXP)(lka)’ and placed it on RWN.
Sri Lankan Embassy in Moscow Initiates Direct Employment Opportunities for Skilled Migrant Workers in Russia
The Embassy of Sri Lanka in Moscow is pleased to have initiated direct employment opportunities for Sri Lankan skilled migrant workers in the Russian Federation for the first time in the history, in collaboration with the Sri Lanka Foreign Employment Agency (SLFEA), a fully owned state organization in Sri Lanka. Under this initiative, the first […]
CSE successfully concludes invest Sri Lanka investor forum in Chennai
The “Invest Sri Lanka” Investor Forum, which was organized by the Colombo Stock Exchange (CSE) in association with the Confederation of the Indian Industry (CII), was concluded successfully on 9th August 2023 in Chennai, at the Taj Coromandel Hotel. The forum made a strong case for investment flows into Sri Lanka. The forum witnessed a […]
Sujeewa Peiris elected to the CSE Board of Directors
Sujeewa Peiris was elected to the Board of the Colombo Stock Exchange (CSE) with effect from 09th August 2023. He joined Bartleet Group in 1990 and has played a pivotal role in the growth and development of Bartleet Religare Securities (Pvt) Ltd., formerly known as Bartleet Mallory Stockbrokers. Having started his career in stock brokering as a Documentation Officer, Peiris has progressed to become a leading and highly recognized Stockbroker/Investment Advisor licensed by the Securities and Exchange Commission of Sri Lanka […]
Teejay optimistic with capacity expansion despite challenging Q1
Teejay Lanka PLC has begun 2023-24 with a strong balance sheet, closing an extremely challenging first quarter with cash and cash equivalents of Rs 9.6 billion, despite a decline in earnings. Sri Lanka’s first multinational textile manufacturer has reported revenue of Rs 14 billion for the three months ending 30th June, reflecting a reduction of […]
Seylan Bank reports impressive 1H 2023 profitability and strong growth
Seylan Bank, has demonstrated exceptional resilience and growth in challenging market conditions, recording an impressive Profit before Tax (PBT) of LKR 4.2 billion, a 104.65% increase for 1H 2023 compared to the same period in 2022. In addition, the Bank achieved a commendable Profit After Tax (PAT) of LKR 2.6 billion, a 71.29% growth over […]
Sri Lanka Aims for RCEP Membership and Free Trade Agreements with ASEAN: President
President Ranil Wickremesinghe revealed that Sri Lanka’s intention to join the Regional Comprehensive Economic Partnership (RCEP) is poised to materialize following the conclusion of credit optimization initiatives. Additionally, the President announced plans to initiate negotiations for the establishment of free trade agreements with corresponding ASEAN member countries. President Wickremesinghe’s statement underscores the country’s determination to […]