CMTA raises concerns about disparities in import regulations and policies
The Ceylon Motor Traders Association (CMTA), one of the longest standing automotive associations in South Asia, has recently raised concerns regarding the …
Companies
“Top50” Professional and Career Women Awards 2023 spotlights inspiring women
The highly anticipated “Top50” Professional and Career Women Awards 2023, organized by Women in Management (WIM) in partnership with Women in Work, a …
Premier praises British Envoy’s efforts to promote UK-Sri Lanka ties
Prime Minister Dinesh Gunawardena thanked the outgoing High Commissioner of the United Kingdom Sarah Hulton for her persistent efforts to strengthen friendly …
Role of alternative financing mechanisms to address Sri Lanka’s debt overhang
By Imesha Dissanayake The common path followed by almost all IMF member countries in response to sovereign debt crises in recent decades, is to enter into an …
BNI National Conference in Colombo honors members at awards ceremony
BNI Sri Lanka – the local branch of the world’s largest referral networking organisation, BNI (Business Network International) - is celebrating the success …
Dairy Association holds AGM: Call on fostering agreements, aligning goals, and mobilising industry
The fourth Annual General Meeting of the All Island Dairy Association (AIDA) was recently held at the Ceylon Chamber of Commerce premises in Colombo. The AIDA …
Hemas Strengthens Presence in Consumer Brands Space, Acquires Remaining Stake in Atlas
Hemas recently announced the acquisition of a 24.9% stake of Atlas Axillia Company (Private) Ltd, for a total consideration of Rs.3.4Bn. With this strategic …
Former Telecom Regulatory Chief Asserts Privatizing Telecom Industry Poses No Threat to National Security
Privatization of the telecom industry does not pose a threat to national security, according to Professor Rohan Samarajeeva, former Director General of the …
SL Rupee depreciates against USD
The Sri Lankan Rupee (LKR) has depreciated against the US Dollar (USD) today compared to last week, according to the Central Bank of Sri Lanka. Accordingly, …
Fitch upgrades Kotagala Plantations to ‘B+(lka)’; Outlook negative
Fitch Ratings has upgraded Sri Lanka-based Kotagala Plantations PLC's National Long-Term Rating to 'B+(lka)', from 'RD(lka)'. The Outlook is Negative. Fitch …
MullenLowe Group launches LoweMedia: Appoints Sabry Haniz as VP and Director
Sri Lanka’s largest marketing communications group, The MullenLowe Group (MLG) launches LoweMedia on the 1st of June. LoweMedia becomes the 7th independently …
Ceylinco Life appoints new COO and Deputy COO
Executive Director/Deputy CFO Ranga Abeynayake becomes Chief Operating Officer General Manager – Marketing Samitha Hemachandra appointed Deputy COO …
Ayodhya Iddawela Perera to take over as Sampath Bank MD from 01st July 2023
Ayodhya Iddawela Perera will take over as the next Managing Director of Sampath Bank PLC effective from the 1 st of July 2023. She will succeed the incumbent …
John Keells Group crisis response initiative records promising impact among multiple communities
In the wake of Sri Lanka’s unprecedented socio-economic crisis in early 2022, the John Keells Group launched a multi-pronged Crisis Response Initiative …
Removing PUCSL Chair via Parliament a threat to democracy and good governance: Eran
Judicial Precedence proves independent commissioners can seek court order to ensure their orders carried out Eran Wickramartne MP speaking on the debate of the …
Fitch Assigns Hayleys First-Time AAA(lka) National Rating; Outlook Stable
Fitch Ratings has assigned Sri Lankan conglomerate Hayleys PLC a National Long-Term Rating of 'AAA(lka)'. The Outlook is Stable. Fitch has also assigned a …
JKH recurring EBITDA grows by 17-pet to Rs.45.7Bn for 2022/23
The Group reported a resilient performance during the year, amidst the unprecedented challenges in the operating environment, recording a recurring EBITDA …
Will Govt place entire burden of domestic treasury bond debt optimization on EPF? Harsha
In a recent press conference MP Harsha de Silva outlined several critical points regarding the IMF Program and expressed general agreement with the …
Sri Lanka – Thailand FTA scheduled for early 2024
The fourth round of talks on the proposed Sri Lanka-Thailand Free Trade Agreement was held recently with both parties agreeing to complete the negotiations and …
PUCSL Chair calls for 20-pct price drop in electricity rates
The Chairman of Public Utilities Commission of Sri Lanka Janaka Ratnayake says that the electricity consumers should get a 20 percent tariff reduction based on …