Category: Companies
CL Synergy announces forthcoming IPO as next step in growth strategy
CL Synergy Limited has received official approval from the Colombo Stock Exchange (CSE) for its Initial Public Offering, which is set to open on the 7th of April 2022. The anticipated IPO by one of Sri Lanka’s fast-growing freight forwarding solutions providers will issue an offer for a subscription of 63 million new ordinary voting […]
Advisory committee appointed to advise National Economic Council
The cabinet nod has been received to appoint an advisory committee to advise the National Economic Council after the council came under fire for the absence of expert economists and business leaders. The 16-member advisory committee comprises Prof. H D Karunaratne, Prof. Shirantha Heenkenda, Dr. Dushni Weerakoon, Dhammika Perera, Krishan Balendra, Ashroff Omar, Dr. Hans […]
”’s proposed subordinated debt
Fitch Ratings has withdrawn the expected National Long-Term Rating of ‘BBB+(EXP)(lka)’ assigned to HNB Finance PLC’s (HNBF; A(lka)/Stable) proposed Sri Lankan rupee-denominated subordinated unsecured debentures on 21 September 2021. Fitch is withdrawing the expected rating as the issuance is no longer expected to convert to a final rating in the near future. KEY RATING DRIVERS […]
Will continuously support Sri Lanka’s development: ADB President
Asian Development Bank (ADB) President Masatsugu Asakawa and Sri Lanka President Gotabaya Rajapaksa met Thursday (10th) in Colombo and it was reaffirmed by the Bank leadership that it would continue to support the islands recovery path from the coronavirus disease (COVID-19) pandemic. Asakawa commended the government’s rapid vaccination drive, which has been critical to […]
Nation branding of Sri Lanka on global stage requires a more collaborative approach
Nuwan Gamage, Vice President of Sri Lanka Institute of Marketing Sri Lanka is currently facing several economic challenges and in order to steer the country out of this difficult situation, it is imperative that Sri Lanka takes bold steps that will make the country ‘future ready’. Among them, Nation Branding is an approach that can […]
Ceylon Chamber seeks urgent action to restore electricity and fuel supply to avoid economic standstill
The Ceylon Chamber of Commerce notes with serious concern the adverse effects brought on its members and all sectors of the economy in general as a result of the ongoing interruptions to the supply of electricity coupled with frequent disruptions to the availability of fuel. The Chamber is of the view that these issues are […]
Tribute: Senior Corporate Personality Sega Nagendra (1939-2022)
March 1, 2022 (LBO) – They don’t make them like they used to anymore. Senior corporate personality Sega Nagendra passed away suddenly on 28th of February 2022. Sega Nagendra was a fixture on the Sri Lankan corporate circuit. Everyone seemed to know him, and there was always positivity when his name was mentioned.My interactions span […]
SriLankan Airlines adorns aircraft livery with ‘Raid Amazones 2022’ insignia
SriLankan Airlines adorns one of its aircraft with customized livery to reaffirm its status as the official airline of the much-awaited ‘Raid Amazones 2022.’ Raid Amazones 2022 is an annual sporting event that features a large number of French female athletes competing their way to victory through multiple sports events and activities against the backdrop […]
Sri Lanka needs price formula to avert future energy crisis
Regional fuel prices are significantly higher than Sri Lanka Sri Lanka pitches into darkness and its people form lines at fuel stations due to the ongoing energy crisis. Fuel, which is the single largest import accounting for 18% of the country’s total import expenditure, cost an alarming USD 3.7 billion in 2021. Since the actual […]
Ceylon Chamber launches outlook 2022 report; ‘Road to recovery: Overcoming challenges’
The Ceylon Chamber of Commerce (CCC) recently launched the 7th edition of its flagship annual Outlook Report for 2022 at the Economic Outlook 2022 webinar. Titled ‘Road to Recovery: Overcoming Challenges’, the report covers key fundamentals of the global and local economic outlook, policy outlook, and private sector perspectives for the year 2022. This year’s […]
”’/Stable
Fitch Ratings has affirmed the National Long-Term Rating of Sri Lanka based telecom company Dialog Axiata PLC at ‘AAA(lka)’. The Outlook is Stable.
Opinion: Role of divestments in overcoming present economic challenges
By Imesha Dissanayake The Government of Sri Lanka (GoSL) has very ambitious plans for the country’s economic transformation including an economic growth expectation of more than 6% during five-year period of 2022-2027. The national budget announced in 2022, forecasts public investments to be at 5.1% of GDP. A similar figure was announced during the last […]