Category: Featured
MAS official clothing partner for Paris Olympics: Launches MAS Athlete Training Academy
At an event held in Colombo, MAS Holdings was announced as the Official Clothing Partner of Team Sri Lanka for the Paris Olympic Games 2024. Here, the official kits were handed over to the Sri Lanka Olympic contingent. The event coincided with the inauguration of the MAS Athlete Training Academy, an initiative by MAS to […]
ComBank Bangladesh operations receive ‘AAA’ credit rating by CRISL
Commercial Bank Bangladesh, the Bangladesh operation of Commercial Bank of Ceylon PLC, has received a ‘AAA’ (Triple A) Long Term credit rating from Credit Rating Information and Services Ltd (CRISL) for 2024, the 14 th consecutive year it has received the highest credit rating given to a financial institution in Bangladesh. Valid till June 2025, […]
SL’s IT and BPM sector urges reconsideration of tax measures affecting export services: SLASSCOM
In light of the recent communication regarding the removal of the exception on the export of services, we, the Sri Lanka Association of Software and Services Companies (SLASSCOM), the Federation of Information Technology Industry Sri Lanka (FITIS), the BCS Sri Lanka Section (BCS), and the Computer Society of Sri Lanka (CSSL) share our collective thoughts […]
Sri Lanka urged to tap sustainable bonds for economic and environmental progress: ADB
The Asian Development Bank (ADB) urged Sri Lanka to ramp up its growth efforts while tackling climate change challenges, emphasizing the potential of green bonds to meet the country’s financial needs. ADB Country Director Takafumi Kadono highlighted that public sector funding alone is insufficient for these efforts, making it essential to mobilize private financing through […]
SL and Singapore explore strengthening cooperation in maritime, port development and aviation sectors
High Commissioner of Sri Lanka to Singapore Senarath Dissanayake met with Minister for Transport and Second Minister for Finance of Singapore Chee Hong Tat, recently and discussed potential collaboration between the two countries on shared initiatives. During the meeting, High Commissioner Dissanayake provided an overview of the opportunities in Sri Lanka, particularly in the maritime […]
Hettigoda Industries clinches gold at presidential environment awards
Sri Lanka’s leading Ayurvedic company, Hettigoda Industries (Pvt) Ltd., was celebrated at the 2024 Presidential Environment Awards, securing the Gold Award in the Pharmaceutical Products and Personal Care Product Industry category. The prestigious ceremony, held at the Bandaranaike Memorial International Conference Hall last Friday, was graced by the presence of His Excellency Ranil Wickremasinghe, President […]
First Capital Holdings announce board appointments
First Capital Holdings PLC, a member of the Janashakthi Group, is pleased to announce key appointments to its Board of Directors, effective June 28, 2024. Veteran banker Rajendra Theagarajah has been appointed as the Chairman. Joining him are Inoshini Perera, Rachini Rajapaksa, and Dilendra Wimalasekere as new members of the Board. The appointment of Rajendra […]
”; Outlook stable
Fitch Ratings has affirmed Sunshine Holdings PLC’s National Long-Term Rating at ‘AA+(lka)’. The Outlook is Stable. Sunshine’s rating reflects its steady business profile, which is anchored by defensive cashflows in its healthcare manufacturing and retail and consumer segments, and its strong balance sheet. This counterbalances weaknesses in its agriculture segment (16% of EBIT) over the […]
”; Outlook stable
Fitch Ratings has affirmed Merchant Bank of Sri Lanka & Finance PLC’s (MBSL) National Long-Term Rating at ‘BBB+(lka)’. The Outlook on Stable. MBSL is 84.5% owned by Bank of Ceylon (BOC, A(lka)/Stable) and other BOC group entities. BOC is the largest banking group in the country. KEY RATING DRIVERS Shareholder Support Drives Ratings: MBSL’s rating […]
Administrative penalties imposed by FIU on Financial Institutions from Jan 1st to Apr 30th 2024
By virtue of the powers vested under Section 19(1) read together with section 19(2) of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), financial penalties are imposed on Institutions for non-compliance with the provisions of the FTRA. The penalty may be prescribed taking into consideration the nature and gravity of relevant non-compliance of […]
Monetary Authority of Singapore visits SL to collaborate in field of digital economy
The High Commissioner of Sri Lanka of Singapore Senarath Dissanayake met with the Chief Fintech Officer of the Monetary Authority of Singapore (MAS) Sopnendu Mohanthy, and his team on June 21, 2024, at the Monetary Authority of Singapore prior to the visit of the Fintech delegation to Sri Lanka from June 25 to 27 to […]
‘s Peak
This year, Siddhalepa Ayurveda proudly celebrated its 46th consecutive year of conducting a health camp at Adam’s Peak. Since 1978, they have been at the forefront of supporting pilgrims, demonstrating a long-standing commitment to their well-being and environmental conservation with placing dustbins, placing sign board, offering Lakpeyawa, Siddhalepa Balm and Pain Relief Spray to visitors. […]