Category: Companies
Sri Lanka now open to fully vaccinated travellers with quarantine-free entry
As Sri Lanka paves the way to restart tourism, fully vaccinated international travellers who have received the second dose of the vaccine 14 days prior to arrival will now be allowed to enter the country without undergoing quarantine. While several restrictions remain for unvaccinated or partially vaccinated visitors, those who have been ‘double-jabbed’ will have […]
Greater synergy between India and SL pivotal for container volume growth in sub-Continent: SLPA Chairman
Capt. Nihal Keppetipola – Chairman of Sri Lanka Ports Authority (SLPA) paid a courtesy visit to the Indian High Commissioner to Sri Lanka His Excellency Gopal Baglay on 09th July 2021. On the invitation of the Indian High Commissioner to Sri Lanka, the meeting took place in the India House, Colombo 03. Also present at […]
Opinion: Plastic waste, a goldmine when responsibly disposed and managed
By Mangala Bandara, director of ‘Go Recycling Hub.’ Most developing countries across the globe face the issue of proper waste management, and Sri Lanka is no exception. Each person in Sri Lankan generates around 0.64 kgs of waste daily leading to 4.8 million metric tons of solid waste collected annually, where irresponsible disposal of plastic […]
Event Management Ass. calls for enforcement of COVID-19 safety for functions
Following the easing of Covid-19 restrictions in Colombo, the Event Management Association (EMA) issued comprehensive guidelines for hosting COVID-safe events and called for strictest possible adherence from stakeholders. The EMA’s Handbook, lists out detailed safety and hygiene standards and protocols to ensure that all future events will be hosted in a responsible manner – minimizing […]
IFC & FCCISL Work with Businesses to Promote Increased Work-Life Balance
To help close the gender gap and promote greater work-life balance, particularly at a time of COVID-19 impacts, IFC and the Federation of Chambers of Commerce and Industry Sri Lanka (FCCISL) have launched a new online learning series to strengthen business commitment towards flexible work and family-friendly practices to help employees. Over 40 Sri Lankan […]
Colombo Stock Exchange to review index calculation methodology for ASPI
The Colombo Stock Exchange (CSE) has decided to revisit the methodology of the computation of the ASPI to determine the possibility of index movements being linked to the public float (as opposed to the total market capitalization as is current practice) of listed company constituents of the index. This would allow the ASPI to more […]
ICEES partners Toyota Engineering Corporation to bring true Lean capability to Sri Lanka
Innovation Centre for Enterprise Excellence Solutions (ICEES Global) recently partnered with Toyota Engineering Corporation (TEC) in Japan to bring world renowned lean management knowledge and capabilities to Sri Lanka, enabling individuals and organizations to learn from the pioneers in the industry. ICEES Global will be initiating the first ever Toyota Production System (TPS) Training Program […]
CEAT inflates radial tyre production to 600,000 units a year
CEAT Kelani Holdings has announced a production increase of 84,000 radial tyres per year for passenger cars and vans, in its second expansion in this segment within the past four months. The expansion will see Sri Lanka’s top tyre brand take annual radial tyre production to 600,000 – an increase of 16 per cent over […]
CSE to convert mobile app into a comprehensive investor platform under 2nd phase of digitalization
The Securities and Exchange Commission of Sri Lanka (SEC) along with the Colombo Stock Exchange (CSE) continues to drive digital advancement in Sri Lanka’s capital market with the launch of the second phase of the digitalization of the Stock Market recently under the patronage of President Gotabaya Rajapaksa. Following the Covid-19 outbreak in Sri Lanka […]
SL Retailers’ Association urges for relief measures from PM
Sri Lanka Retailers Association (SLRA), the apex body of Sri Lanka’s Organised Retail Sector (ORS) consisting of last mile retailers, met Prime Minister Mahinda Rajapaksa on June 30 to address the issues and difficulties they are faced with due to COVID pressures in the country. Representatives of SLRA also requested Prime Minister to institute relief […]
”’ National Rating
Fitch Ratings has assigned Ceat Kelani Holdings Pvt Limited (CKH) a National Long-Term Rating of ‘AA+(lka)’. The Outlook is Stable. CKH’s rating reflects its leading market position as one of the largest manufacturers and distributors of vehicle tires in Sri Lanka, and its strong financial profile. Fitch expects CKH’s cash to continue to exceed debt […]
Shangri-La appoints JLL as exclusive leasing agent for One Galle Face Tower
In a first for the commercial real estate industry in Sri Lanka, the Shangri-La Group — one of the world’s premier developers, owners and operators of hotel and investment properties — has appointed JLL (NSYE: JLL) as its exclusive leasing agent for the One Galle Face Tower (OGFT), located in the heart of Colombo. With […]