Author: lbostgadmin
Digital Mobility Solutions Lanka (PickMe) Announces IPO
Digital Mobility Solutions Lanka Limited, the innovator behind Sri Lanka’s leading mobility solutions app PickMe, announces its forthcoming Initial Public Offering (IPO) on the Colombo Stock Exchange (CSE). The IPO will feature an offer for sale of 43,474,179 existing ordinary voting shares at a price of LKR 36.00 per share, opening on September 13, 2024. […]
CFA Societies of Sri Lanka and Hong Kong Explore Global Market Uncertainty: A US-Sri Lanka Dialogue
CFA Society Sri Lanka and CFA Society Hong Kong are pleased to announce an upcoming webinar titled “Navigating Global Uncertainty: A US-Sri Lanka Perspective.” This event will provide an insightful exploration of the current global economic landscape and its implications for the United States, Sri Lanka, and the broader world. In today’s rapidly evolving economic […]
John Keells Logistics Partners Brillion Consumer Products Lanka for Baygon’s Relaunch in Sri Lanka
John Keells Logistics (Pvt) Ltd (JKLL) is proud to announce its collaboration with Brillion Consumer Products Lanka (Pvt) Ltd which is relaunching the widely-known pesticide brand “Baygon” in Sri Lanka. JKLL has been selected once again as their exclusive logistics partner for Baygon, a decision by Brillion Consumer Products Lanka based on the exceptional service […]
Aitken Spence Hotels to Elevate Rainforest Ecolodge as a Global Model of Sustainable Tourism
Sri Lanka’s leading hospitality chain, Aitken Spence Hotels, announces its latest venture: the takeover of the management of Rainforest Ecolodge, the first classified ecolodge in the country. This partnership is more than just a management agreement; and represents a continuation of a visionary legacy and a profound commitment to sustainable tourism and innovative hospitality solutions. […]
Opinion: Why Sri Lanka Must Establish a Ministry of Artificial Intelligence Under Next President
By Jithendra Antonio In an era where technology is reshaping every facet of human life, Sri Lanka stands at a crucial point. As global giants race ahead with advanced Artificial Intelligence (AI) initiatives, our nation must decide whether to be a passive observer or a proactive participant. Establishing a Ministry of AI under the next […]
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Fitch Ratings has assigned DFCC Bank PLC’s (A-(lka)/Stable) proposed Sri Lankan rupee-denominated senior unsecured listed green bonds of up to LKR2.5 billion an expected National Long-Term Rating of ‘A-(EXP)(lka)’.
Advanced port technology & automation to make Colombo Port more efficient: SLPA Chairman
“Adopting advanced port technology and automation are some of the latest solutions planned by the Port of Colombo to increase productivity and efficiency in global port operations,” said Mr. Keith D. Bernard, Chairman of the Sri Lanka Ports Authority (SLPA). “Despite facing challenges like congestion, limited space, and equipment shortages, the Port of Colombo remains […]
SEC acquires world class Market Surveillance system from Nasdaq
The Securities and Exchange Commission of Sri Lanka (SEC) has taken a significant step towards strengthening its market surveillance role by acquiring a world class state-of-the-art market surveillance system from Nasdaq, a leading global technology company. This acquisition aligns with the SEC’s commitment to ensure a fair, transparent, and efficient securities market in Sri Lanka. […]
TISL Demands Accountability in Proposed Mineral Sands Mining Project in Puttalam
Transparency International Sri Lanka (TISL) filed a complaint with the Human Rights Commission of Sri Lanka (HRCSL) on July 19th, requesting an investigation into the alleged corruption, malfeasance and abuse of power by the Sri Lanka Cement Corporation (SLCC) in a proposed mineral sands mining project in Puttalam. The HRCSL has requested a detailed report […]
HNB’s Rating Unaffected by Proposed Acquisition of Alfalah’s Bangladesh Business: Fitch Ratings
Hatton National Bank’s potential acquisition of Bank Alfalah Limited’s Bangladesh operations is unlikely to affect the Sri Lankan bank’s ratings, says Fitch Ratings. Full Statement Hatton National Bank PLC’s (HNB; A(lka)/Stable) potential acquisition of Bank Alfalah Limited’s (BAFL) Bangladesh operations is unlikely to affect the Sri Lankan bank’s ratings, says Fitch Ratings. We believe the […]
Opinion: The Importance of maintaining FDIs amidst changing governments
By Jithendra Antonio: As the presidential election draws near, the people are eagerly awaiting the next era of Sri Lanka. There is no doubt that the result of the election will have a lasting impact on the nation and the economy. One of the most important aspects that the next government should focus on, is […]
Port City Colombo attracts 100+ companies as authorised persons
Port City Colombo has achieved a significant milestone, on-boarding 100+ companies as Authorised Persons (AP’s), as of August 24th, 2024. These companies represent a diverse range of sectors identified to the Colombo Port City Special Economic Zone, including IT, Finance, Professional Services, Shipping, Logistics, Tourism, Healthcare, Real Estate Development, and Global Capability Centres. Among these […]