Author: lbostgadmin
Opportunities for Companies to raise debt capital through sustainable bonds for greener future
The Securities and Exchange Commission of Sri Lanka (SEC) and The Colombo Stock Exchange (CSE), in collaboration with the Asian Development Bank (ADB) hosted an issuer forum titled “Towards a Greener Horizon: Unlocking Opportunities through Sustainability Bonds” recently in Colombo. The forum was aimed at enhancing awareness and building capacity among stakeholders including representatives from […]
PRASL Masterclass highlights future of reputation management
The Public Relations Association of Sri Lanka (PRASL) hosted a sold-out full-day workshop, “The Pursuit of Reputation Masterclass,” featuring esteemed industry experts Amith Prabhu and Sujit Patil. This event provided profound insights into the complexities of reputation management in the modern Public Relations (PR) landscape. Amith Prabhu, a pioneering public relations professional with two decades […]
Colombo Dockyard signs agreement to set up fully-fledged workshop at Hambantota International Port
Colombo Dockyard (CDPLC) inked an agreement with Hambantota International Port Group (Private) Ltd (HIPG), to setup a fully-fledged workshop at the HIPG facility on the 16th of July 2024. Once the workshop is setup, this will augment the service availability and the speed of service to the clients, improving the economics to the end user. […]
Sri Lanka High Commission in London unveils first ever replica of Colombo Port City abroad
The High Commission of Sri Lanka in London in collaboration with the Colombo Port City Economic Commission (CPEC) and the CHEC Port City Colombo (Pvt) Ltd ceremoniously unveiled a detailed replica of the Colombo Port City on 12 July 2024, showcasing the ambitious and transformative project that is set to redefine Sri Lanka’s economic landscape. […]
JAAF welcomes electricity tariffs reduction :Calls for continued energy policy reforms
The Joint Apparel Association Forum (JAAF) welcomed the recent decision by the Public Utilities Commission of Sri Lanka (PUCSL) to implement a 25.3 percent reduction in industrial electricity tariffs, parallel to a 27 percent reduction for domestic customers and a 22.5 percent overall reduction effective from July 16, 2024. In addition to easing the burden […]
Opinion: Sri Lanka’s Path to Prosperity – Harnessing Foreign Investment Amid Climate & Political Challenges
By Jithendra Antonio Sri Lanka, an island nation rich in history and culture, is grappling with severe economic vulnerabilities. With limited land and finite natural resources, the country faces significant challenges in commercializing these assets. Climate change further exacerbates these issues, casting a shadow over key sectors like agriculture, fisheries, and tourism. Despite these challenges, […]
PMI indicate expansions in both manufacturing and services activities in June 2024
Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 56.6 in June 2024, indicating an expansion in manufacturing activities. All the sub-indices, except for employment, remained above the neutral threshold during the month. The expansion in New Orders and Production was mainly due to the growth in the manufacture […]
”’; Withdraws Rating
Fitch Ratings has affirmed the rating on SriLankan Airlines Limited’s (SLA) USD175 million government-guaranteed 7% unsecured bonds due 25 June 2024 at ‘C’, and withdrawn the rating. The rating on the bonds was driven by the unconditional and irrevocable guarantee of the government of Sri Lanka (Long-Term Foreign-Currency Issuer Default Rating (IDR): RD). Fitch has […]
VIDEO: FBI releases identity of suspected gunman in assassination attempt of former president Donald Trump
Former President Donald Trump was the target of an assassination attempt Saturday at a Pennsylvania rally, days before he was to accept the Republican nomination for a third time. A barrage of gunfire set off panic, and a bloodied Trump, who said he was shot in the ear, was surrounded by Secret Service and hurried […]
Seylan LKR 10Bn Debenture Issue oversubscribed on opening day
Seylan Bank, announced that its recent LKR 10Bn Debenture issue was oversubscribed on its opening day, with applications for over 100 million debentures, signalling strong investor confidence. The Bank issued an initial LKR 5 billion in Basel III-compliant, Tier 2, listed, rated, unsecured, subordinated, redeemable debentures. These debentures, priced at Rs. 100 each, have maturity […]
‘s debt restructuring deal with bondholders, says IMF
The International Monetary Fund (IMF) is currently evaluating Sri Lanka’s recent debt restructuring deal with bondholders, according to Julie Kozack, Director of the Communications Department at the IMF. The IMF highlighted that their team is assessing whether the agreed terms align with the parameters set forth in their program for Sri Lanka. This assessment will […]
Director General of UNESCO Audrey Azoulay to visit Sri Lanka
The Director-General of the United Nations Educational, Scientific and Cultural Organization (UNESCO) Audrey Azoulay will visit Sri Lanka from 16 – 19 July 2024 at the invitation of the Government of Sri Lanka. During the visit, Director-General Azoulay will call on President Ranil Wickremesinghe and will have meetings with Minister of Education Susil Premajayantha and […]