Author: lbostgadmin
SLT-MOBITEL revolutionises customer experiences with launch of mAgent initiative
Echoing its leadership in revolutionising customer experiences with innovative, sustainable solutions, SLT-MOBITEL, The National ICT Solutions Provider, announced the launch of ‘mAgent’, an exclusive first-of-its-kind frontline service deployed to assist customers from across Sri Lanka through personalised service at their doorstep. With the launch of mAgent, both Fixed and Mobile users will be able to […]
Webinar on CFA Institute Scholarships to progress in financial careers
CFA Institute scholarships are part of an ongoing commitment to promoting the highest standards of ethics, education, and professional excellence, thereby helping to make the CFA® charter more attainable and providing more candidates an opportunity to advance their careers in investment research. CFA Institute offers a variety of scholarships, allowing more people to participate in […]
Fitch downgrades National Long-Term Ratings of 10 Sri Lankan banks
Fitch Ratings has downgraded the National Long-Term Ratings of 10 Sri Lankan banks following the recent sovereign downgrade and recalibration of the agency’s Sri Lankan national rating scale. The recalibration is to reflect changes in the relative creditworthiness among Sri Lankan issuers following Fitch’s downgrade of Sri Lanka’s Long-Term Local Currency Issuer Default Rating (IDR) […]
Sharp, Long-lasting Slowdown to Hit Developing Countries Hard: World Bank
Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine, according to the World Bank’s latest Global Economic Prospects report. Given fragile economic conditions, any new adverse development—such as higher-than-expected inflation, abrupt rises in interest rates to contain it, a resurgence […]
New Administration Fails to Reverse Damaging Policies of Its Predecessor: Human Rights Watch
The change of presidents of Sri Lanka in 2022 did not lead to any improvement in the country’s human rights record, Human Rights Watch said today in its World Report 2023. During 2022, thousands of Sri Lankans took to the streets after years of misrule, impunity, and corruption undermined the rule of law and contributed […]
Courtyard By Marriott Debuts In Sri Lanka With The Opening Of Courtyard By Marriott Colombo
Courtyard by Marriott, part of Marriott Bonvoy’s extraordinary portfolio of 30 brands, today announced the opening of Courtyard By Marriott Colombo, making it the first Courtyard to open in Sri Lanka. Located at the heart of the city’s central business district adjacent to the Colombo City Centre Mall, Courtyard by Marriott Colombo is set to […]
Establishment of an export-oriented petroleum refinery in Hambantota
The Cabinet of Ministers has approved a proposal presented by the Minister of Power and Energy to call for expressions of interest to select a suitable investor for the establishment of a petroleum refinery near Hambantota. It has been identified that there is a high potential for the establishment of an export-oriented petroleum refinery and […]
French collaboration for capacity building in the Sri Lankan Rubber industry
The Ministry of Plantation Industries of Sri Lanka entered into a Memorandum of Understanding with a French expert in the rubber industry, KSAPA, for capacity building of Rubber Smallholders in Sri Lanka. A Memorandum of Understanding (MOU) between the Ministry of Plantation Industries of Sri Lanka and KSAPA was finalised with KSAPA Managing Director, Raphael […]
AmCham and USAID collaborates with SLINTEC to accelerate growth of renewable sector
Sri Lanka Institute of Nanotechnology (SLINTEC), the first public-private research institute in Sri Lanka and the pioneer in nano and advanced technology research in the country, recently concluded two successful discussions and visits with AmCham and USAID, to initiate collaborations where they will work with both organizations to contribute towards the innovation and growth of […]
Calling for EOIs for starting business activities using facilities at Mattala Airport
The cabinet nod has been received to invite expressions of interest from investors and strategic entrepreneurs in direct and indirect aviation-related enterprises to carry out aeronautical and non-aeronautical businesses at the Mattala Rajapaksa International Airport. According to the layout, there is potential to transform the airport into a multi-purpose business center by implementing business opportunities […]
‘s lubricant market liberalization
The cabinet has approved a proposal presented by the Minister of Power and Energy to call for applications requesting qualifications to select new entrants to the lubricants market in order to provide the opportunity for high-quality, innovative and competitive products to enter the Sri Lankan market. The Ceylon Petroleum Statutory Corporation Act No.28 of 1961 […]
CA Sri Lanka inspires entrepreneurs and businesses to successfully navigate through crisis
With crises becoming a regular phenomenon in Sri Lanka and the ongoing economic crisis impacting entrepreneurs and businesses alike, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) took the lead to educate and inspire entrepreneurs and businesses on how to bounce back from the current crisis at its second regional conference in […]