Author: lbostgadmin
First Capital Holdings announce board appointments
First Capital Holdings PLC, a member of the Janashakthi Group, is pleased to announce key appointments to its Board of Directors, effective June 28, 2024. Veteran banker Rajendra Theagarajah has been appointed as the Chairman. Joining him are Inoshini Perera, Rachini Rajapaksa, and Dilendra Wimalasekere as new members of the Board. The appointment of Rajendra […]
”; Outlook stable
Fitch Ratings has affirmed Sunshine Holdings PLC’s National Long-Term Rating at ‘AA+(lka)’. The Outlook is Stable. Sunshine’s rating reflects its steady business profile, which is anchored by defensive cashflows in its healthcare manufacturing and retail and consumer segments, and its strong balance sheet. This counterbalances weaknesses in its agriculture segment (16% of EBIT) over the […]
CFA Society Sri Lanka Presents Course on Key Economic Indicators for Business Success
CFA Society Sri Lanka is pleased to announce an exclusive course on “Understanding Key Economic Indicators for Business Success,” presented by the CFA Society Sri Lanka in association with Frontier Research. This course, designed to empower professionals with critical economic insights, is tailored for managers, executives, and strategic planners, promising to provide participants with a […]
Swiftcourt entering Sri Lanka market with Blockchain-Enabled Escrow Payment Service supported by XVC Tech & XDC Network
Swiftcourt, the leading platform for secure consumer-to-consumer (C2C) transactions in Europe, is set to revolutionize the global marketplace landscape by integrating advanced blockchain technologies. Since 2017, Swiftcourt has empowered marketplaces across Europe to become fully transactional, offering digital sales contracts, escrow payments, and a suite of add-on services. This innovation has facilitated over 700,000 secure […]
‘s First Sensor-Driven Brain Hearing Technology to Sri Lanka
Vision Care Hearing Solutions, a leading provider of hearing care solutions in Sri Lanka and a part of Vision Care, the largest vision and hearing care solutions provider in the country, recently introduced the Oticon ‘Intent’ hearing aid to the Sri Lankan market. As the sole agent for Oticon in Sri Lanka, Vision Care Hearing […]
”; Outlook stable
Fitch Ratings has affirmed Merchant Bank of Sri Lanka & Finance PLC’s (MBSL) National Long-Term Rating at ‘BBB+(lka)’. The Outlook on Stable. MBSL is 84.5% owned by Bank of Ceylon (BOC, A(lka)/Stable) and other BOC group entities. BOC is the largest banking group in the country. KEY RATING DRIVERS Shareholder Support Drives Ratings: MBSL’s rating […]
Gevorg Sargsyan Announced as World Bank Group Country Manager for Sri Lanka
Starting today, Gevorg Sargsyan becomes the World Bank Group Country Manager for Sri Lanka, a position that will unify country-level leadership across the institution to better support Sri Lanka’s public and private sector priorities. This newly created position provides a single point of contact for access to the full breadth of World Bank Group products […]
Hemas Holdings announces appointment of Ajith Fernando & Supun Weerasinghe as Directors
Hemas Holdings PLC announced the appointment of Ajith Fernando and Supun Weerasinghe as Independent Non-Executive Directors, effective 1st July 2024. Additionally, Ajith Fernando will serve as a member of the Hemas Board’s Nomination and Governance Committee. These strategic appointments underscore Hemas’ commitment to enhancing governance and leveraging deep industry expertise as the Group continues its […]
Central Bank announces implementation of Banking (Amendment) Act, No. 24 of 2024
The Central Bank of Sri Lanka (CBSL) wishes to announce the implementation of the Banking (Amendment) Act, No. 24 of 2024, effective from 15.06.2024. These amendments were formulated with a view to further strengthening the legal and regulatory framework applicable for licensed commercial banks and licensed specialised banks (licensed banks) to enhance the resilience of […]
Eshan Pieris bags silver class win at Fanatec GT world challenge Asia
Eshan Pieris arrived back in Sri Lanka this week after achieving a remarkable Silver Class win in the Fanatec GT World Challenge Asia 2024 held at Fuji International Speedway, Japan, last Saturday. At the Fanatec GT World Challenge Asia, Eshan stood as the only racer on the grid representing Sri Lanka and one of the […]
U.S. Embassy in Colombo Commemorates 248 Years of American Independence
The U.S. Embassy in Colombo celebrated the 248th anniversary of the independence of the United States of America with a festive event hosted by U.S. Ambassador Julie Chung at the Galle Face Hotel on June 27. The Ambassador welcomed Chief Guest Honorable Minister Harin Fernando, Minister of Tourism, Lands, Sports and Youth Affairs, alongside distinguished […]
Ceylon Chamber of Commerce Re-elects Chairman Duminda Hulangamuwa & Board for 2024/25 at AGM
The Ceylon Chamber of Commerce announced the re-election of its Board for the Year 2024/25 at the Chamber’s 185th Annual General Meeting on June 27. The re-elected Board comprises Chairman Duminda Hulangamuwa – Country Managing Partner for Sri Lanka and The Maldives, Ernst & Young, Vice Chairman Krishan Balendra – Chairman John Keells Holdings PLC, […]