Category: General Services
AI-Related Risks Rising for Software, Media, and Services Corporates: Fitch Ratings
Elevated AI-driven credit risks are concentrated in three technology, media and telecommunications (TMT) sectors, with software, media and services facing rising disruption risk while overinvestment risk remains largely confined to hyperscalers and select cloud providers, according to a new Fitch Ratings report. Asset-light businesses where value is driven by intangibles such as software, IP, brands […]
CFA Society Sri Lanka and Frontier Research Announce “Economics in Practice” Learning Programme
CFA Society Sri Lanka, in collaboration with Frontier Research Pvt Ltd, has announced a half-day executive learning programme titled “Economics in Practice.” The programme will be held on Thursday, 12 March 2026, from 8:30 a.m. to 12:30 p.m. at the Courtyard by Marriott Colombo City Centre. The programme aims to help professionals understand economic developments […]
EDB “Trade Facilitation Task Force” Convenes to Enhance Export Efficiency
As a strategic step towards developing a mechanism to address challenges in the export value chain, the Export Development Board (EDB) has established a Trade Facilitation Task Force, which held its second networking session today (October 14) at the Export Development Board. The event was attended by Mr. Mangala Wijesinghe, Chairman and Chief Executive Officer […]
CA Sri Lanka & CFA Society Sri Lanka to Host Expert Panel on Bridging Market–Financial Reporting Gap
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), in collaboration with CFA Society Sri Lanka, will host an expert session titled “Unpacking Intangibles: Bridging the Gap Between Market Value and Financial Reporting” on 9th September 2025. In today’s knowledge-driven economy, intangible assets such as intellectual property, brand reputation, and data are the […]
BOI seals landmark USD 171 Mn investment with CEAT OHT Lanka
Agreement formalises one of the largest Indian investments in Sri Lanka’s manufacturing sector Investment will expand Off-Highway Tyre (OHT) and Tracks manufacturing capacity in Sri Lanka Facilities at Midigama and Kotugoda to focus on export-led production of tyres and tracks for compact construction equipment Job security assured for 1483 employees through Tripartite MoU Investment strengthens […]
Ambeon Strengthens Portfolio Through Strategic Hospitality Investments
Strengthens growth strategy through equity stakes in Iconic Sri Lankan hotel companies – The Kandy Hotels Company PLC and The Ceylon Hotels Corporation PLC Ambeon Group, one of Sri Lanka’s leading diversified conglomerates, today announced its strategic entry into the hospitality sector with strategic equity investments in two listed hotel companies, reinforcing its confidence in […]
Stallion Consultancy Takes Over ACAP Stockbrokers in Strategic Market Play
Stallion Consultancy (Private) Limited has swooped in to acquire ACAP Stockbrokers (Private) Limited from Asia Capital PLC, marking a strategic power play that promises to reshape Sri Lanka’s stock brokerage landscape through a complete rebrand and fresh market positioning. The acquisition brings heavyweight leadership credentials to the table, with Stefan Abeyesinhe stepping in as Chairman, […]
Ceylon Chamber Acknowledges U.S. Tariff Reduction, Stresses Importance of Durable Trade Terms
The Ceylon Chamber of Commerce commends the Government of Sri Lanka and the national negotiation team on the successful outcome of recent discussions with the United States, which led to a further reduction in the reciprocal tariff rate – from 30% to 20% – on Sri Lankan exports. “While this is clear progress reflecting the […]
Free Trade Zone Manufacturers Association Rules Out Additional MFN Levies, Says 20-Pct Tariff Stands Alone
Dhammika Fernando, Chairman of the Free Trade Zone Manufacturers Association (FTZMA), emphasized that the new 20% U.S. tariff on Sri Lankan imports is a standalone rate and will not be added on top of existing Most-Favored-Nation (MFN) duties. “A 12% to 16% average MFN rate applied on Sri Lankan apparel earlier,” Fernando explained. “Some people […]
Macktiles Lanka makes history as first to achieve real porcelain perfection with 100pct SL minerals
In a singular moment that rewrites the narrative of global manufacturing excellence, Macktiles Lanka (Private) Limited has achieved what was once considered impossible: creating authentic real porcelain tiles using exclusively Sri Lankan minerals. The island’s extraordinary geological wealth has now proven its potential extends far beyond traditional applications, with Macktiles unlocking the manufacturing capabilities of […]
MoU to establish a laboratory with international accreditation facilities with a USD15 mn investment
A Memorandum of Understanding (MoU) was signed this morning (15) at the Presidential Secretariat between STEMedical of the USA and the Sri Lanka Institute of Biotechnology (SLIBTEC) to establish a laboratory with internationally recognised accreditation. The MoU for this $15 million investment project, conducted under the guidance of the National Initiative for Research and Development […]
SLPMA unveils compelling ‘National Call to Produce Medicine in Sri Lanka’ as strategic priority
The Sri Lanka Pharmaceutical Manufacturers’ Association (SLPMA), in a historic step, has issued a powerful national call to action urging all stakeholders to come together in a bold, unified effort to shape a future where Sri Lanka emerges as a trusted, high-quality, and export-driven pharmaceutical manufacturing hub. In a decisive move to transform Sri Lanka’s […]