Singapore Airlines Launches Boeing B787-10 on Colombo-Singapore Route
Singapore Airlines commenced operation of Boeing B787-10 Dreamliner between Colombo and Singapore on 27 March 2023. Constructed using lightweight composite …
Industry
Fitch Downgrades Hela Apparel Holdings to ‘AA-(Ika)’; Outlook Negative
Fitch Ratings has downgraded Sri Lanka- based apparel manufacturer Hela Apparel Holdings PLC’s National Long-Term Rating to ‘AA-(Ika)’, from …
CEB announces planned maintenance schedule for power plants
The Ceylon Electricity Board has announced the planned maintenance schedule for CEB power plants for the year 2023 after analysing more than twenty scenarios. …
Trincomalee has been identified as a potential port for green hydrogen, says President
Sri Lanka’s President points out that Trincomalee has been identified as a potential port for green hydrogen due to its proximity to the North, which has …
We have not authorized anyone to operate cryptocurrency schemes in Sri Lanka, warns CBSL
Sri Lanka’s Central Bank says that they have not issued any licence or authorized any individual or business to operate schemes involving cryptocurrency, …
Fitch places Sri Lanka Telecom’s ‘A(lka)’ Rating on Watch Positive following proposed disposal
Fitch Ratings has placed Sri Lanka Telecom PLC’s (SLT) National Long-Term Rating of ‘A(lka)’ on Rating Watch Positive (RWP) reflecting the …
Innovative Digital Marketplace to Help Sri Lanka’s Small Businesses
To expand the reach of small and medium enterprises (SMEs), including women-owned small businesses, the International Finance Corporation (IFC) is supporting …
Govt increasing tax burden on poor and working people on IMF conditions but not taxing capitalists: Eran
Oppositions MP Eran Wikramaratne has alleged that there is a bizarre situation in the implementation of the agreement with the International Monetary Fund, as …
Kristalina Georgieva outlines Sri Lanka’s path to recovery
IMF Managing Director Kristalina Georgieva says that it is now important for the authorities and creditors to make swift progress toward restoring debt …
Ceylinco Life retains market leadership for 19th consecutive year in 2022
Ceylinco Life policyholders received a mammoth Rs 18.9 billion in net claims and benefits in 2022, as the Company achieved its 19th consecutive year of market …
Largest capacity crane in Sri Lanka unloaded at HIP
Last week, the largest capacity crawler crane in Sri Lanka was unloaded at Hambantota International Port. The crane, with a 750-ton lifting capacity, will be …
Seylan Bank opens INR Nostro account to catalyse Indo-Lanka trade
Seylan Bank recently announced the opening of an Indian Rupee (INR) Nostro account with Indian Bank, Mumbai. This development will allow importers and …
Eran urges Govt to disclose contents in IMF agreement
Even though the present government said no, the Samagi Jana Balawega emphasized from the beginning that this country needs some sort of agreement and financial …
First Capital maintains domestic debt restructuring probability low at 20-pct
First Capital maintains the domestic debt restructuring (DDR) probability at 20%, highlighting that the domestic debt restructuring probabilities stand low for …
UK Government launches its new Developing Countries Trading Scheme in Sri Lanka
On 14th March 2023, the UK government held a series of events in Colombo for their new trade preferences scheme – the Developing Country Trading Scheme …
Opinion: HNB reiterates importance of developing a national savings culture
HNB Deputy General Manager – Retail and SME Banking, Sanjay Wijemanne As more Sri Lankans face concerns over their personal financial security, and that …
SL welcomes UN agreement to protect high seas
Sri Lanka welcomes the conclusion of negotiations on a landmark agreement to enhance the international legal regime concerning the conservation of marine …
Ekva to power Sri Lanka’s start-ups
A high-profile team from Ekva LLC,a US company with strong Sri Lankan roots will launch their accelerator in mid-March in a bid to strengthen, support and grow …
Engineering equity fireside chat by Virtusa
Virtusa, a global provider of digital strategy, digital engineering and IT services and solutions, will host the global Engineering Equity hackathon, to spur …
CBSL requests Financial Institutions to provide appropriate concessions to affected borrowers
Financial Institutions (FIs) have so far approved over 3.3 million requests for concessions, amounting to a total of Rs. 5,994 billion during the different …