Author: lbostgadmin
Nobel Biocare launches in SL, Bringing advanced dental implant solutions with Delmege Healthcare
Nobel Biocare, a global leader in innovative implant-based dental restorations, is thrilled to announce its official launch in Sri Lanka. This marks the first time our prestigious brand, renowned for its rich history and deep clinical expertise, will be available in this dynamic market. As a pioneer in implantology, Nobel Biocare is excited to be […]
”’
Fitch Ratings has assigned Commercial Bank of Ceylon PLC’s (COMB, A(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III- compliant subordinated debentures of up to LKR20 billion a final National Long-Term Rating of ‘BBB+(lka)’. The final rating is the same as the expected rating assigned on 15 February 2024 and follows the receipt of documents conforming to […]
The Sri Lanka Coffee Festival returns for an exciting round three
The Lanka Coffee Association, in partnership with Australia’s Market Development Facility (MDF) and Jetwing Hotels, successfully hosted the third-annual Sri Lanka Coffee Festival on 6 June 2024 at Jetwing Lighthouse, Galle. The finals of the LCA Barista Championship were held alongside the festival activities. Sri Lanka’s first-ever study on the impact of climate change on […]
Sri Lanka elected to the United Nations Economic and Social Council
Sri Lanka has been elected by the United Nations General Assembly (UNGA) to the United Nations Economic and Social Council (ECOSOC) at the elections held in New York, on 07 June 2024, for a three-year term commencing on 01 January 2025. Sri Lanka obtained 182 votes, of the 189 member states present and voting, securing the 2nd highest vote count from the region, and the 7th highest number overall. Sri Lanka was previously elected […]
TISL Challenges the Public Financial Management Bill in the Supreme Court
Transparency International Sri Lanka (TISL) filed legal action on Wednesday the 5th of June in the Supreme Court challenging the Public Financial Management Bill, highlighting concerns related to public procurement. The petition (SC SD 77/2024) points out that Clause 32 of the Bill seriously weakens the controls on public procurement, thereby enhancing the corruption risk […]
The Ceylon Chamber Welcomes New Electricity Bill
In a landmark decision, the Parliament of Sri Lanka has approved the long-awaited Electricity Bill, marking a significant milestone in public sector reform. The Ceylon Chamber of Commerce, which has been advocating for this change for the past few years, warmly welcomes the decision, hailing it as a courageous and transformative step forward for the […]
USAID Supports Enhancing Investment Climate Through Commercial Alternative Dispute Resolution
The United States, through the United States Agency for International Development (USAID), is supporting Sri Lanka’ s efforts to improve its investment climate by enhancing access to commercial alternative dispute resolution (ADR). This initiative has led to the U.S.-sponsored training and accreditation of 23 international commercial mediators in Sri Lanka, doubling the number of qualified […]
WSO2 Hosts IAM CxO Event for Banking and Financial Services Industry Leaders
Identity and Access Management (IAM) is crucial in ensuring security, regulatory compliance, and delivering exceptional customer experience in critical industries such as banking and financial services. Effective IAM solutions protect sensitive customer data, streamline operations, and help financial institutions comply with stringent regulatory requirements. Recognizing this critical need, WSO2, a leading independent software vendor specializing […]
Approval Granted for “Starlink” to Provide Satellite-Based Internet Services in Sri Lanka
State Minister of Technology, Kanaka Herath, announced that the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has granted preliminary approval for ‘Starlink’ to provide satellite-based internet services in Sri Lanka. The State Minister emphasized that a two-week period has been allocated for a formal public consultation process regarding the approval of this internet service. Following […]
President Ranil Wickremesinghe inaugurated his new political office
President Ranil Wickremesinghe inaugurated his new political office in Colombo today (06) at an auspicious moment. The office, located on Sir Ernest de Silva Mawatha, will serve as the center for future political operations. The ceremony included religious rites and blessings performed by prominent religious leaders, including the Chief Sanghanayake of the Western Province, Venerable […]
”; Outlook Stable
Fitch Ratings has affirmed Commercial Bank of Ceylon PLC’s (COMB) National Long-Term Rating of ‘A(lka)’. The Outlook is Stable. At the same time, Fitch has affirmed the bank’s subordinated debt at ‘BBB+(lka)’ and proposed subordinated debt at ‘BBB+(EXP)(lka)’.
””; Outlook Stable
Fitch Ratings has affirmed the National Long- Term Rating on People’s Bank (Sri Lanka) (PB) at ‘A(lka)’. The Outlook is Stable.