Category: Industry
”; Outlook stable
Fitch Ratings has assigned Asia Securities (Pvt) Ltd (ASPL) a National Long-Term Rating of ‘BBB-(lka)’. The Outlook is Stable. ASPL is a prominent equity brokerage in Sri Lanka. The company, which was founded in 1990, also offers broker credit services to its clients. KEY RATING DRIVERS The rating on ASPL reflects its franchise as one […]
Video Interview: Women in leadership – Sandra De Zoysa
In this women in leadership interview series, LBO will connect with some of the most successful female leaders and entrepreneurs in Sri Lanka, to uncover the tenacity of each woman leader, how they pushed boundaries and find balance to rise to the top of their industry. If you are an aspiring future leader, you will […]
PUCSL reaches 100-pct success rate in North Central province with consumer mobile service
The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator reached a 100 percent success rate in solving more than 350 electricity consumer issues in North Central Province under its newly launched consumer mobile service programme. “The Public Utilities Commission of Sri Lanka is in the view that officers should go to the […]
Central Bank streamlines complaint handling procedure; introduces hotline
The Financial Consumer Relations Department (FCRD) established under the provisions of Section 33 of the Monetary Law Act No. 58 of 1949, as amended, continues to serve as the single point of contact to handle complaints against financial service providers (FSPs) regulated by the Central Bank of Sri Lanka (CBSL). FCRD introduced a complaint submission […]
Sri Lanka Tourism attracts over USD950Mn in investment despite pandemic
Foreign investment is a key driver of economic growth, as is the revenue generated via tourism. As one of its primary exports, tourism remains Sri Lanka’s calling card to the world. Over the last fifteen months (March 2020-June 2021) the government has attracted over $950 million in investments, dedicated to revitalising the island’s burgeoning tourism […]
UK’s CDC Group commits USD50Mn to ComBank to bolster SME lending and climate projects
Facility to target funding directly at underserved SMEs, boost jobs and promote economic and social inclusion across Sri Lanka Supports development of clean energy efficiency initiatives, underpinning Sri Lanka’s commitment to the Paris Agreement Commitment marks CDC’s first climate investment in Sri Lanka and its first direct investments in the country since 2012 The Commercial […]
”; Outlook Negative
Fitch Ratings has downgraded AMW Capital Leasing And Finance PLC’s (AMWCL) National Long-Term Rating to ‘A(lka)’, from ‘AA-(lka)’. The Outlook is Negative. KEY RATING DRIVERS AMWCL’s National Long-Term Rating is driven by Fitch’s expectation that Associated Motorways Private Limited (AMW), a large importer of motor vehicles in Sri Lanka that owns 90% of AMWCL, will […]
Facebook Marketplace Comes to Sri Lanka
Facebook has announced that Facebook Marketplace is now available in Sri Lanka, making it easier for people to discover, buy and sell items from others in their local communities. Jordi Fornies, Director of Emerging Markets, APAC at Facebook said: “We know that people are increasingly shopping online, especially during the COVID-19 pandemic. We are excited […]
Earn a mile-a-minute in Dubai with Emirates skywards
The loyalty programme has launched a special offer allowing members to earn a “Mile-A-Minute in Dubai” as the city gears up to host Expo 2020, and as the UAE celebrates its Golden Jubilee The offer is valid on all Emirates flight tickets purchased between 1 August and 31 March, for travel between 1 October and […]
Teejay Lanka steps into 2021-22 with improved Q1 performance
Teejay Lanka PLC has made an encouraging start to FY 2021-22 with solid top and bottom line growth in the three months ending 30th June 2021, shrugging off the pandemic-imposed shackles that retarded Q1 growth last year and overcoming the impact of the third wave of COVID-19 on the industry. Sri Lanka’s largest textile manufacturer […]
Airport and Aviation Services ramps up digital transformation with IFS
IFS, the global enterprise applications company, announces that Airport and Aviation Services (Sri Lanka) has successfully implemented IFS Enterprise Resource Planning (ERP) solutions to boost efficiency and transparency across its operations. The business is currently on a journey towards a digital-first infrastructure that embraces modern technology and maximizes productivity. Becoming globally connected and environmentally sustainable […]