Fitch Affirms Hayleys at ‘AAA(lka)’; Outlook Stable
Fitch Ratings has affirmed Sri Lankan conglomerate Hayleys PLC's National Long-Term Rating of 'AAA(lka)'. The Outlook is Stable. Fitch has also affirmed the …
Industry
ComBank raises Rs 22.54 bn from shareholders via biggest rights issue by a local bank
The Commercial Bank of Ceylon PLC has announced that it has successfully completed the largest rights issue to date by a bank in Sri Lanka, raising Rs 22.54 …
Podcast insights from Prof.’s Ghosh and Nicholas on global inequality, IMF’s “real” agenda
In the latest series of the RIUNIT podcast hosted by Roshan Madawela, distinguished economists Prof. Howard Nicholas and Prof. Jayati Ghosh, delve deeply into …
Starlink Receives License for Satellite Broadband Services in Sri Lanka
The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has granted a Telecommunications Service Provider License to Starlink Lanka (Private) Limited …
Port City Colombo signs MoU with Trace Sri Lanka to grow tech industry
Port City Colombo has taken a further step towards establishing itself as a pivotal technology hub in the region by entering into a formal partnership with …
Fitch Rates DFCC Bank’s Proposed First Green Bond ‘A- (EXP)(lka)’
Fitch Ratings has assigned DFCC Bank PLC's (A-(lka)/Stable) proposed Sri Lankan rupee-denominated senior unsecured listed green bonds of up to LKR2.5 billion …
SLPA fire fighters completely control fire in the vessel at POC
Fire fighters of the he Sri Lanka Ports Authority (SLPA) Fire Brigade successfully extinguished the fire that broke out yesterday (11) in a ship at the …
WISTA hosts Karen Leong for keynote on transformative leadership
In a rapidly evolving world marked by technological advancements, geopolitical uncertainties, shifting customer expectations, and significant workplace …
Teejay knits resilient start to 2024-25 with profit turnaround in Q1
Strategic responses to challenges facing the textile manufacturing industry have generated a positive start to 2024-25 for Teejay Lanka PLC, Sri Lanka’s …
LKNOG Conference 2024 Set to Advance Sri Lanka’s Network Infrastructure Expertise
In today's digital world, computer networks are the backbone of our interconnected society. The LKNOG (the Lanka Network Operators Group) Conference serves as …
Opinion: The impact of RPCs on Sri Lanka’s economy and environment
Senaka Alawattegama, Chairman, Planters’ Association of Ceylon Despite challenges like COVID-19 and economic crises, Sri Lanka's plantation industry …
CEAT car radials chosen as Original Equipment for Hyundai Grand i10 assembled by Abans Auto
CEAT has been chosen as the original equipment tyre for the 2024 Hyundai Grand i10 assembled, sold and serviced in Sri Lanka by Abans Auto, clinching another …
ADB approves USD100Mn policy-based loan support for power sector reforms in Sri Lanka
The Asian Development Bank (ADB) and the Government of Sri Lanka signed a loan agreement for US$100 million on Monday (5 August 2024) for subprogram 1 of a …
Fitch Assigns Hatton National Bank’s Basel III Subordinated Debt Final ‘BBB+(lka)’
Fitch Ratings has assigned Hatton National Bank PLC's (HNB, A(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of …
Sunshine Holdings sustains growth momentum in 1QFY25
Diversified conglomerate Sunshine Holdings PLC (CSE: SUN) continued demonstrating resilience amidst prevailing macroeconomic conditions, reporting a topline …
CameraLK Unveils New Sony Service Center with Specialized Repair Solutions
CameraLK, Sri Lanka's leading camera retail giant, recently unveiled its brand-new CameraLK Service Center at 244 High Level Rd, Colombo 05. This …
Private Sector Companies Awarded Authorised Economic Operator Status
Thirty-one private sector companies were awarded the prestigious AEO Tier 1 status at a Sri Lanka Customs awarding ceremony on 30 July at the NH Collection …
Applications are now open for Presidential Export Awards 2023/24
The Sri Lanka Export Development Board (EDB) is pleased to announce that applications are now open for the Presidential Export Awards (PEA) 2023/24. The PEA …
Sri Lanka CCPI based headline inflation up by 2.4-pct in July 2024
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100) was recorded at 2.4 percent in July …
Central Bank of Sri Lanka publishes its inaugural market operations report
The Central Bank of Sri Lanka (the Central Bank) released its inaugural Market Operations Report (MOR) with the aim of enhancing awareness and knowledge among …