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WSO2 Introduces ‘Platformless: Redefining Digital Transformation’ at a CxO Event for SL Corporates
WSO2, a global leader in digital transformation technologies, successfully hosted an exclusive networking event this week to unveil Platformless, a revolutionary concept that promises to transform how enterprises approach digital transformation. The event brought together industry leaders, innovators, and technology experts for an inspiring evening of discussion and exploration. Platformless addresses a critical challenge in […]
‘ Ratings on National Scale Revision
Fitch Ratings has upgraded the National Long-Term Ratings of seven Sri Lankan non-financial corporates and revised the ratings of two following the recalibration of the agency’s Sri Lankan National Rating scale to reflect changes in the relative creditworthiness among the country’s issuers. This follows the upgrade of the sovereign’s Long-Term Local-Currency Issuer Default Rating (IDR) […]
‘ National Ratings and Affirms Five after Scale Recalibration
Fitch Ratings has upgraded the National Long-Term Ratings of 10 Sri Lankan banks following the recent sovereign upgrade and recalibration of the agency’s Sri Lankan national rating scale. At the same time, Fitch has affirmed the National Long-Term Ratings of five Sri Lankan banks. The recalibration reflects changes in the relative creditworthiness of Sri Lankan […]
World Bank Vice President Visits Sri Lanka, Reaffirms Support for Education, Renewable Energy
World Bank Vice President for South Asia, Martin Raiser, concluded a 2-day visit to Sri Lanka yesterday, where he met with His Excellency President Anura Kumara Dissanayake, Hon. Prime Minister Harini Amarasuriya and other government officials, private investors, and development partners to discuss the country’s ongoing efforts towards economic recovery and long-term growth. Raiser was […]
JAAF supports ‘Clean Sri Lanka’ initiative to build a cleaner, greener future
The Joint Apparel Association Forum (JAAF), the apex body representing Sri Lanka’s apparel industry, welcomes the launch of the Clean Sri Lanka programme, spearheaded by H. E. President, Anura Kumara Dissanayake, and the government. With sustainability as a core principle, the Sri Lankan apparel sector is uniquely positioned to complement this nationwide movement for environmental, […]
Balancing Borders: How Should Sri Lanka Manage the Rohingya Influx?
Bilesha Weeraratne, PhD. While the bedrocks of migration in Sri Lanka – foreign employment and remittances – are settling, other aspects are unsettling in 2025. The year 2024 closed with estimates of over 311,000 departures for foreign employment and over USD 6.5 billion in remittances. In December 2024, 115 Rohingya people, including 78 adults and […]
Supercharge Your AI with Smart Prompting
Artificial intelligence (AI) has seamlessly integrated into our lives, making its presence felt in everything from managing our schedules to analyzing vast amounts of data. Despite its growing capabilities, you might have noticed that sometimes AI doesn’t quite deliver the results you expect. Ever wondered why that is? Ultimately, it comes down to mastering the […]
Lumala employees urge Government action to save Sri Lanka’s bicycle industry
Employees of Lumala City Cycle Industries Manufacturing Pvt Ltd are calling for urgent government intervention as their company faces an unprecedented crisis that threatens to shut down one of South Asia’s leading bicycle manufacturers. Located at Panadura, Lumala has played a pivotal role in Sri Lanka’s industrial sector for over five decades, yet escalating costs […]
David Pieris Group Launches Northern Entrepreneur Seed Fund
By Jekhan Aruliah I first met Mr David Pieris in 2021. David came for tea at my place in Jaffna on one of his business visits to the North. The David Pieris Motor Company (DPMC) has operated in the North for decades including throughout the Sri Lanka civil war. David told me of his vision […]
ADB and UNDP come together to support CIABOC on select Anti-Corruption Initiatives in Sri Lanka
The Asian Development Bank (ADB) and the United Nations Development Programme (UNDP) in Sri Lanka have come together to support the Commission to Investigate Allegations of Bribery and Corruption (CIABOC) on select Anti-Corruption Initiatives in Sri Lanka. To symbolically mark the project launch, Mr. Takafumi Kadono, Country Director, Sri Lanka Resident Mission of the Asian Development […]