Softlogic (SHL) shares again suspended from trading

December 8, 2023 (LBO) – Shares in Colombo Stock Exchange (CSE) listed Softlogic Holdings (SHL) have been suspended from trading again on a December 8th. The suspension is due to the failure of the company to file an annual report for the year ended March 31, 2023. The suspension comes on the heels of a […]

President Appoints Vadivel Suresh as Senior Advisor for Hill Country Tamil Integration

In a significant move aimed at fostering the integration of Hill Country Tamils into Sri Lankan society, President Ranil Wickremesinghe has appointed Member of Parliament Vadivel Suresh as a Senior Advisor with immediate effect. Suresh’s pivotal role will centre around overseeing the comprehensive integration of Hill Country Tamils, particularly focusing on the districts of Badulla, […]

”; Outlook Stable

Fitch Ratings has downgraded Singer Finance (Lanka) PLC’s (SFL) National Long-Term Rating to ‘BBB(lka)’ from ‘BBB+(lka)’. The Outlook is Stable. Fitch has also downgraded SFL’s outstanding senior unsecured debt to ‘BBB(lka)’ from ‘BBB+(lka)’, and the outstanding subordinated unsecured debentures to ‘BB+(lka)’ from ‘BBB-(lka)’.

VIDEO: Google introduces Gemini, their largest and most capable AI model

Gemini marks the next phase on our journey to making AI more helpful for everyone. Unlike other AI models, Gemini was trained to recognize, understand, and combine different types of information including text, images, audio, video, and code. Its state-of-the-art performance gives it remarkable new capabilities.And it’s built with safety and responsibility at its core.

Colombo Port City Economic Commission Welcomes Three Major Sri Lankan Commercial Banks

The Colombo Port City Economic Commission (the Commission) is pleased to announce that three of Sri Lanka’s leading commercial banks—Commercial Bank, Hatton National Bank (HNB), and Sampath Bank—have been issued an Authorized Persons (AP) license from the Colombo Port City Economic Commission. This significant development marks a major milestone in the development of the Colombo […]

99x achieves ISO 27001:2022 certification, reinforcing commitment to information security

99x announces its successful achievement of the ISO 27001:2022 certification, a globally recognized standard for Information Security Management Systems (ISMS). This accreditation underscores 99x’s unwavering commitment to ensuring the highest standards of information security, maintaining the confidentiality, integrity, and availability of data across all its operations. The ISO 27001:2022 certification is a testament to 99x’s […]

‘s Tourism sector: RIUNIT report

The Research Intelligence Unit (RIUNIT) has released a comprehensive report shedding light on the current state of the Sri Lankan Travel and Tourism sector. Despite the challenges posed by the global COVID-19 pandemic and subsequent economic crises, the data reveals promising trends in tourist arrivals and spending, indicating a gradual recovery in the industry, paving […]

Navigating Sri Lanka economic crossroads: MP Harsha

In a press conference held recently at the Leader of the Opposition’s office, Member of Parliament, Dr. Harsha de Silva provided crucial insights into the current state of Sri Lanka’s economy. Central to the discussion were key developments surrounding the International Monetary Fund (IMF), challenges faced by the nation, and the imperative need for global […]

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