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Sri Lanka CERT alerts Public to Beware of Fake Messages on social media
The Sri Lanka Computer Emergency Readiness Team (CERT) today issued an alert to the public about the surge in fake messages being disseminated via social media and communication platforms, particularly WhatsApp. These deceptive messages are designed to fraudulently obtain personal and financial information by impersonating credible institutions, including banks, commercial organizations, and international bodies. Recent […]
Noyon celebrates over a century of lace heritage and 20yrs of design and craftsmanship in Sri Lanka
Noyon Lanka (Pvt) Ltd, a leader in lace design and sustainable textile manufacturing, marked its 20-year anniversary in Sri Lanka with a special event under the theme 100 Years of Lace Heritage, 20 Years of Design and Craftsmanship. Noyon, a globally renowned lace design to delivery solutions provider, celebrated this occasion at its Headquarters in […]
Eshan Pieris secures championship runner-up in GT World Challenge Asia 2024
The 2024 GT World Challenge Asia season concluded last month with a gripping finale at the Shanghai International Circuit, China. In a weekend filled with challenges and triumphs, Sri Lankan driver Eshan Pieris secured the runner-up position in the Silver Class championship. Pieris consistently showcased his talent and determination in the final race of the […]
Evolving apparel industry models: Hela and Reebok’s partnership to capitalize on verticality
Hela Apparel Holdings PLC, the publicly-listed fashion conglomerate headquartered in Sri Lanka, recently announced an exclusive long-term partnership with Authentic Brands Group to design, manufacture, and sell Reebok-branded outerwear across the UK and Europe. This collaboration marks a significant milestone in expanding the Hela Group’s offering to the fashion industry by fusing its design, manufacturing […]
CFA Charter – The Key to Unlocking Global Career Success
CFA Society Sri Lanka recently hosted an inspiring fireside chat and networking event titled “The CFA Program Advantage: Pathways to Career Excellence.” The event focused on the immense value that the CFA qualification provides to finance professionals and its role as a powerful career accelerator. Aruna Perera, CFA, President of CFA Society Sri Lanka, delivered […]
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Fitch Ratings has downgraded Kotagala Plantations PLC’s National Long-Term Rating to ‘CCC(lka)’, from ‘B+(lka)’, and its listed unsecured debentures of LKR251 million due between the financial years ending March 2025 (FY25) and FY27 to ‘CCC-(lka)’, from ‘B+(lka)’. The downgrade follows a major weakening in liquidity. We expect the statutory increase in labour costs effective September […]
Mangala Wijesinghe Assumes Duties as 16th Chairman of Sri Lanka Export Development Board
Mr. Mangala Wijesinghe officially assumed duties as the 16th Chairman of the Sri Lanka Export Development Board (EDB) on October 16 at the EDB headquarters. He initially joined Browns & Company 16 years ago. Upon assuming his new role, Mr. Wijesinghe addressed the staff of the Export Development Board: “We should diversify and focus more […]
Sampath Bank strengthens global ties with USD 750Mn investment in SBI syndicated loan
Sampath Bank PLC proudly announces its participation in a significant financial milestone, contributing to the $750 million senior unsecured syndicated term loan facility for the State Bank of India (SBI), facilitated by Mashreq, one of the leading financial institutions in the MENA region. This collaboration highlights Sampath Bank’s commitment to supporting strategic international financing initiatives. […]
Driving global change: GSCS International and JAAF lead in sustainable development
GSCS International Ltd, with a global presence in over 35 countries, offers steady, sustainable, and enduring development as a provider of certification, assessment, audit, verification, inspection, and capacity-building services. GSCS International – Sri Lanka successfully organized the SustainSphere 2.0 program, aimed at innovating tomorrow’s industry through sustainability. Held in Sri Lanka, the event attracted a […]
Opinion: A Low Productivity Trap? Strengthening Skills, Jobs & Public Sector Efficiency in Sri Lanka
By Himani Vithanage Sri Lanka experienced six consecutive quarters of negative economic growth up to the third quarter of 2023. This downturn has had a direct impact on the labour market, leading to lower wage rates and discouraging workforce participation and skill development. As a result, productivity levels continue to fall, creating a vicious cycle […]