Category: Companies
Central Bank launches financial literacy roadmap of Sri Lanka 2024-2028
The Central Bank of Sri Lanka launched the Financial Literacy Roadmap of Sri Lanka, marking a significant step towards enhancing the financial capabilities of Sri Lankans, in Colombo Tuesday. This Roadmap, a cornerstone of Sri Lanka’s National Financial Inclusion Strategy (NFIS), offers evidence- based guidance to all stakeholders engaged in financial literacy initiatives, aligning them […]
JKH records strong Q4 2023/24 with recurring EBITDA growth of 20-pct to Rs.14Bn
• During the fourth quarter, the Group reported a strong performance across most businesses, with Consumer Foods, Transportation and Leisure, in particular, recording significant growth. The performance seen in most of the businesses is a reflection of the improving macroeconomic conditions in the country and is a continuation of the growth momentum witnessed in the […]
CSE Shortens Settlement Cycle for Equity Trades
The Colombo Stock Exchange (CSE), in consultation with the Securities and Exchange Commission of Sri Lanka (SEC) and industry participants, has announced that the settlement cycle for equity transactions will be reduced from T+3 to T+2 with effect from 10th June 2024 (i.e. trades taking place on and after 10th June 2024). The concept of […]
Port City Colombo to reinvent SL economy to contemporary system that is geared for export of services
Port City Colombo says it hopes to empower large-scale business growth within the South Asian region through a reliable and competitive regulatory environment that enhances the ease of doing business. Issuing a statement the Port Coty Colombo says that this progressive economically ring-fenced landscape is projected to reinvent the Sri Lankan economy, from one that […]
Siddhalepa takes Ayurveda to UAE
Siddhalepa, the Ayurveda-based wellness brand, unveiled its presence in the Middle East, particularly in the United Arab Emirates. This auspicious occasion celebrated recently, at the Pullman Hotel, Diera, Dubai, signifies a new era of holistic wellness in the region. The launch event commenced with a warm welcome address by Shihan Sherif, representee of the Sri […]
Sampath Bank reports Q1 results: PAT of Rs3.4Bn
Sampath Bank posted a profit before tax (PBT) of Rs 6.2 billion and a profit after tax (PAT) of Rs 3.4 billion for the three months ended 31st March 2024, notwithstanding an exchange loss of Rs 4.3 billion due to the appreciation of the LKR against the USD by Rs 23.70. These figures signify growth […]
CSE and USAID hold issuer Forum in South, educating SMEs on opportunities
The Colombo Stock Exchange (CSE) and the United States Agency for International Development (USAID) collaborated on a forum to provide small and medium sized enterprises (SMEs) in southern Sri Lanka with insights into opportunities to raise capital through the CSE. Held recently at the Weligama Bay Marriott Resort & Spa, the issuer forum titled “Redefining […]
John Keells partners with Sysco LABS and Brandix Lanka for FastTrack summer internship programme 2024
The ‘FastTrack’ summer internship, introduced by the John Keells Group, makes its return this year, in collaboration with Sysco LABS Sri Lanka and Brandix Lanka (Pvt) Ltd, offering undergraduates a distinctive four-week summer internship experience. Launched in 2011, FastTrack distinguishes itself by providing participants with an unmatched opportunity to explore the diverse corporate landscape of […]
LRA upgrades Janashakthi Limited (JXG) to Investment Grade
Janashakthi Limited (JXG), the parent entity of the Janashakthi Group of Companies, announces a three-notch upgrade in its credit rating by Lanka Rating Agency (LRA) from BB- to BBB-. This upgrade signifies a shift from moderate risk to investment grade, reinforcing Janashakthi Group’s strength, stability, and sustained growth in the sectors it operates in. Established […]
Industry focus sectors at IORA business conclave 2024
The Indian Ocean Rim Association (IORA) Business Conclave organised by The Ceylon Chamber of Commerce in collaboration with the Ministry of Foreign Affairs on 28 and 29 May, (www.ioraconclave.lk) will focus on sectors significant to the economic development and prosperity of the Indian Ocean Rim region, including Agriculture, ICT, Logistics, and Tourism, including breakout sessions […]
CFA Society SL to upskill analysts to uphold investment research standards
The much-awaited annual CFA Society Sri Lanka Capital Market Awards will be held for the 11th year on 18 June 2024 at the Cinnamon Grand, Colombo. Today, it is among the most sought-after accolades that recognizes and rewards excellence in the local capital markets. The investment research industry is at the center stage of the […]
”; Outlook Stable
Fitch Ratings has affirmed Sri Lankan cable manufacturer Sierra Cables PLC’s National Long-Term Rating at ‘A+(lka)’. The Outlook is Stable. The affirmation and Stable Outlook reflect our view that Sierra will be able to maintain adequate financial metrics in the next 12 months. The improving trajectory in Sri Lanka’s external finances and lower domestic interest […]