Category: Companies
LSEG announces successful completion of All-Share Acquisition, Refinitiv
LSEG (London Stock Exchange Group) and Refinitiv have combined to become a leading global financial markets infrastructure and data provider. LSEG and Refinitiv have long provided important services and products to the market: the data and analytics used every day to make important decisions; the tools to fight financial crime; the execution venues used to […]
JAT Holdings appoints Devaka Cooray and Priyanthi Pieris to its Board of Directors
JAT Holdings, Sri Lanka’s trusted leader of material required to the Construction and Furnishing Industry, announced the appointment of two renowned industry professionals, Mr. Devaka Cooray and Mrs. Priyanthi Pieris, to its already elite Board of Directors. This appointment further strengthens the balance of the JAT Board by increasing the ratio of independent Directors to […]
Opinion: Insurance industry looks at Bionic Insuring in a ‘new normal’
By Chilman Jain, Principal, BCG – Prateek Roongta, Managing Director and Partner, BCG – Pranay Mehrotra, Managing Director and Senior Partner, BCG COVID-19 has disrupted most businesses globally and the insurance industry is no exception. Given the restrictions imposed by the pandemic, insurers have been compelled to accelerate their digital journeys and holistically digitize their […]
PAYable surpasses Rs.15Bn in transactions on platform
PAYable (Pvt) Ltd., Sri Lanka’s cashless payment solution provider, announced that it has processed 15 billion rupees in transactions on its platform to date. Commenting on the milestone, Yohan Wijesiriwardane, CEO and Co-founder of PAYable Sri Lanka said, “PAYable entering the cashless ecosystem in 2016 was a gamechanger; we disrupted the existing status, empowering MSME […]
‘s proposed senior debt
Fitch Ratings has withdrawn Seylan Bank PLC’s ‘A(lka)(EXP)’ expected rating, assigned on 21 August 2020, for its proposed senior debenture issuance. Fitch is withdrawing Seylan’s senior debt expected rating as it is no longer expected to convert to a final rating. We do not expect Seylan’s forthcoming senior debt issuance to proceed as previously envisaged. […]
SEC & CSE withdraw requirements applied on stockbrokers via latest circulars
The Colombo Stock Exchange and the Securities and Exchange Commission have decided to withdraw the requirements applied to the stockbroker firms via the latest circulars bearing number 04-03-2021 dated 08 March 2021 due to the system limitations and practical constraints regarding the submission of certain information. The Colombo Stock Exchange had been in discussions with […]
Melsta Hospitals Ragama becomes first to be accredited with a comprehensive IMS
Melsta Hospitals Ragama, part of Melsta Health which is a fully owned subsidiary of Sri Lanka’s leading diversified conglomerate Melstacorp PLC recently made history when it became the only healthcare institution in the country to be accredited with an integrated management system (IMS) comprising of four international standards; ISO 9001 :2015, ISO 22000:2018, ISO 14001:2015 […]
Hemas Hospitals signs MOU with Health Ministry to start COVID-19 PCR Testing
Asserting its strong commitment in curbing the growing implications of the pandemic, leading private healthcare provider Hemas Hospitals signed an MOU with the Ministry of Health to commence COVID-19 PCR testing in a new state-of-the-art PCR laboratory on the 5th March 2021. Based in Wattala, the facility utilizes the latest technology and is believed to […]
Norfund to invest up to 9.99-pct in National Development Bank
NDB and the Norwegian Development Finance Institution, Norfund, have reached an agreement for Norfund to invest up to 9.99% in National Development Bank PLC (NDB). Under this agreement, Norfund will participate in the Rights Issue for LKR8Bn that NDB has already announced by way of subscribing to unsubscribed rights and also by way of a […]
Twin awards for SriLankan Airlines in Singapore
The Changi Airport Group in Singapore recognised SriLankan Cargo with a “Cargo Service Excellence Award” at a ceremony during the ‘Let’s Talk Cargo 2021’ conference held recently in Singapore. SriLankan Airlines has been nominated by the Cargo industry partners in Singapore and shortlisted by a panel of judges as one of the three recipients of […]
Sterlingcars.lk – Sri Lanka’s newest online marketplace to buy and sell automobiles
SterlingCars.lk was launched by Sterling Automobiles Lanka Pvt Ltd – one of Sri Lanka’s prominent automobile service providers. SterlingCars.lk is a web platform which aims to provide a marketplace for buying and selling automobiles. The website offers a comprehensive range of vehicles, covering a plethora of makes and models. The design of SterlingCars.lk aims to […]
Trillium launches new Rs.1.2Bn apartment complex in Colombo
Total investment of Rs. 1.2 billion for the project by Trillium. Affordable luxury living in Colombo City Limits – Havelock Town, Colombo 05. A Condominium that allows pets for the first time in history in a pet care facility. Exclusive rooftop pool with all modern amenities. Trillium Havelock Residences – an Ideal investment opportunity. Real […]