Category: General Services
Ceylon Chamber mobilises corporate sector support to adopt 105 Suwa Seriya ambulances
The Ceylon Chamber of Commerce successfully facilitated the adoption of 105 Suwa Seriya ambulances, valued at Rs.525 million rupees, to support Sri Lanka’s healthcare system. Suwa Seriya is a pioneering ambulance service launched by the Government of Sri Lanka to provide swift emergency medical care to those in need, especially in rural and remote areas. […]
Ceylon Chamber advises govt to set transparent processes to facilitate divestiture of non-strategic assets
The Ceylon Chamber advises the government to set in place transparent processes and governance structures that will facilitate the divestiture of non-strategic commercial assets/stakes, as well as encourage investment in strategic assets such as the Hambantota oil refinery. Releasing a statement, the chamber said that it would also complement the IMF’s engagement with the Government […]
Fuel quota increased from midnight today
President Ranil Wickremesinghe has directed the government to take steps to increase the existing fuel quota from midnight today (04) for the New Year festive season. As previously planned, the Ceylon Petroleum Corporation has ordered and received the required stocks for the increasing fuel requirement for the festival season. Accordingly, the fuel quota for passenger […]
”’ Rating on Watch Positive following proposed disposal
Fitch Ratings has placed Sri Lanka Telecom PLC’s (SLT) National Long-Term Rating of ‘A(lka)’ on Rating Watch Positive (RWP) reflecting the potential rating upside due to weakening linkages with SLT’s parent, the government of Sri Lanka (Long-Term Local-Currency Issuer Default Rating: CC), due to the government’s plan to sell its 49.5% stake in the company. […]
Innovative Digital Marketplace to Help Sri Lanka’s Small Businesses
To expand the reach of small and medium enterprises (SMEs), including women-owned small businesses, the International Finance Corporation (IFC) is supporting the Commercial Bank of Ceylon (CBC) launch a digital marketplace in Sri Lanka, helping business owners connect with more customers locally and abroad. Named Commercial Bank LEAP, this one-of-its-kind initiative, which is supported under […]
CA Sri Lanka expands its global footprint with an overseas chapter in Canada
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), which prides itself on being a world-class professional body, continued to expand its global presence by launching its seventh overseas chapter in Canada. The CA Sri Lanka Canada Chapter was formally launched at the Burnaby Executive Hotel in Vancouver in the presence of Sanjaya Bandara, […]
Sri Lanka electricity tariff revision breakdown
With immediate effect, Sri Lanka’s power regulator, the Public Utilities Commission Wednesday approved a 66 per cent hike in electricity tariffs. The rate hike is expected to generate an additional income of 287 billion rupees for the Ceylon Electricity Board and was done with the approval of three commission members of the PUCSL. However, Chairman […]
Ceylon Chamber Facilitates SME Entry to International Markets
Supporting the capacity development and growth of the Small and Medium Enterprises sector, the Ceylon Chamber of Commerce recently held a series of workshops to facilitate SMEs’ entry into international markets. The Enterprise Transformation and Market Access (ET&MA) programme, developed and conducted by the Ceylon Chamber’s Centre for SMEs together with VSSL Global, offers mentorship, […]
CA Sri Lanka to create history in the Middle East with inaugural conference for Accountants
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) which stakes claim for organising the biggest annual business summit in Sri Lanka, is set to create history in the Middle East as it plans to host its very first conference in the region targeting Accounting Professionals including Chartered Accountants. The power packed […]
CDS signs up with Lanka IOC to act as Registrar
The Central Depository Systems (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), recently signed a service agreement with Lanka IOC PLC as the registrar for Lanka IOC PLC, with effect from 01st of January 2023. Lanka IOC PLC, with a corporate history spanning 20 years, is the only private sector auto fuel […]
‘ ratings; Maintains RWN
Fitch Ratings has downgraded the National long-term ratings of five Sri Lankan finance and leasing companies (FLCs) after the recent sovereign downgrade and recalibration of the agency’s Sri Lankan National Rating scale. The FLCs’ ratings remain on Rating Watch Negative (RWN). The downgrades follow similar action on 10 Sri Lankan banks. (For details, see “Fitch […]
Delegation of UAE investors visits Port City
A delegation of investors from the United Arab Emirates, led by His Royal Highness Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum, visited Port City Colombo on the 14 th of January 2023, during a special visit to Sri Lanka for the purpose. Discussions were held between the members of the delegation, representatives from the […]