ComBank becomes Sri Lanka’s first carbon-neutral bank
The Commercial Bank of Ceylon has become the first Sri Lankan bank to achieve carbon neutrality for the entirety of its operations, encompassing all 268 …
Companies
Only solution for COVID-19 pandemic is vaccination: Cant afford lockdown
Sri Lanka’s President says only a vaccine can end the COVID-19 pandemic. Developing countries such as Sri Lanka cannot take lockdown measures or impose …
Our standard regular cylinders are available without a shortage in the market: Litro Gas Lanka
Litro Gas Lanka says that their standard regular cylinders are available without a shortage in the market and customers may order their LPG requirements by …
EFL 3PL becomes Sri Lanka’s first Carbon Neutral logistics company
Sri Lanka’s largest logistics solutions company, EFL’s five-year march towards achieving a more sustainable operational model culminates in its …
GoMicro seals commercial contract with Keells Supermarkets to assess tuna quality with AI
The United Nations’ Food & Agriculture Organisation estimates that up to one third of global primary produce is wasted. Minimising food wastage could …
Emirates to increase services to Colombo to 7 a week from 3 May
Emirates has announced it will increase its services to Colombo from six to seven flights a week, with the seventh weekly flight commencing 3rd May. The …
Eco Spindles talks responsible recycling at CFW’s Responsible Fashion Summit
At the recently concluded Responsible Fashion Summit organised by the Colombo Fashion Week (CFW), Sri Lanka’s largest plastic recycler Eco Spindles was among …
WindForce shares off to a strong start on Colombo Stock Exchange
The shares of WindForce Limited, the pioneers in the growth and supply of renewable energy in Sri Lanka, will commence trading on the Main Board of the Colombo …
RPCs urge priority for worker vaccination ahead of new wave of COVID cases
The Planters’ Association of Ceylon (PA) called on Government and Public Health officials to ensure that estate-sector workers made a top priority in the …
Sri Lanka rupee strengthened against the US dollar
The Sri Lanka rupee further strengthened against the US dollar yesterday, on positive outlook for inflows. The selling rate was quoted at 191.97 rupees for a …
Sri Lanka vehicle registrations down in March 2021
Total vehicle registrations marginally reduced to 3,556 units in March down from 3,558 units in Feb but significantly down from 13,219 units 12 months ago. The …
Colombo Port City – Projecting SL as newest commercial landscape in Asia
Veemansa Initiative, an independent think tank recently held a Webinar on the proposed Colombo Port City Economic Commission Bill and related subjects. Based …
Greater flexibility to Licensed Finance Companies to raise funds from foreign sources
The Monetary Board of the Central Bank has issued new directions on foreign currency borrowings by Licensed Finance Companies (LFCs) with a view to provide …
B2B meeting to boost Sri Lankan exports of fruits & vegetables to Oman
Sri Lanka Embassy in Oman jointly with the Sri Lanka Export Development Board, organised a virtual B2B meeting between Carrefour Oman and eight prominent Sri …
WB says as SL should focus on competitiveness and debt sustainability to ensure resilient rebound
Despite the heavy toll of the COVID-19 pandemic on Sri Lanka’s economy and the lives of its people, the economy will recover in 2021, though challenges …
Prime Lands Residencies expected to make IPO bid soon
Prime Lands Residencies (Pvt) Ltd, the condominium property arm of Prime Group, recently celebrated a milestone achievement upon the completion of its 35th …
Aitken Spence acquires Waltrim Energy for Rs.900Mn
Aitken Spence PLC has acquired 100 percent of shares of Waltrim Energy Limited, a sub-subsidiary of Sunshine Holdings PLC, for a total consideration of 900 …
Fitch affirms Hemas Holdings at ‘AAA(lka)’; Outlook stable
Fitch Ratings has affirmed Sri Lanka-based consumer and healthcare company Hemas Holdings PLC’s National Long-Term Rating at ‘AAA(lka)’ with …
From mine to market – showcasing Sri Lanka’s jewellery legacy to the world
The Sri Lanka Gem and Jewellery Association (SLGJA) hosted their second Key Person’s Forum for the industry recently, with the objective of facilitating the …
Vidullanka to restructure operations; amalgamate its subsidiary Walagamba Balashakthi
Vidullanka PLC has resolved to amalgamate its fully owned subsidiary, Walagamba Balashakthi (Pvt) Limited with Vidullanka PLC, the company said in a stock …