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Scope Cinemas Brings IMAX®️ to Sri Lanka Sparking Cinematic Revolution
Scope Cinemas is set to revolutionise cinema experiences in Sri Lanka with the opening of its new IMAX®️ Theatre at Havelock City Mall on the 26th of July 2024. This eagerly anticipated launch promises to bring an unparalleled level of audio-visual immersion for Sri Lankan moviegoers, marking a milestone moment for entertainment in the country. […]
‘s CBD See 48-pct Price Increase from 2018 to 2023: LankaPropertyWeb
In 2023, overseas interest in Sri Lankan properties surged by 33% compared to the previous year, as reported in the Real Estate Market Outlook Report 2024 (REMOR24) by LankaPropertyWeb, the leading real estate portal in Sri Lanka. According to the report, the demand for residential apartments in Sri Lanka is set to dominate the market […]
Unlocking Economic Potential: Why Debt Restructuring Alone Won’t Suffice Without SOE Reforms
The Advocata Institute held a press briefing titled “Unlocking Economic Potential: Why Debt Restructuring Alone Won’t Suffice Without SOE Reforms” was held on the 17th of July,2024 at Lavender Hall, BMICH. The event brought together key speakers Shihar Aneez (Senior Financial Journalist), Rehana Thowfeek (Research Consultant to Advocata Institute), and Dhananath Fernando (CEO of Advocata […]
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 […]
Sri Lanka Uses Tea Exports to Payoff USD 55mn of USD 251mn Iran Fuel Debt – Tea Board
Under the Memorandum of Understanding between Iran and Sri Lanka, Sri Lanka commenced the repayment of its USD 250.9 million fuel debt to Iran through tea exports. “As per the agreement, Sri Lanka aims to settle this debt through tea exports. To date, Sri Lanka has repaid USD 55 million of this debt,” Sri Lanka […]