Category: Industry
Sri Lanka can achieve a greener and more prosperous future
By Andrew Zakharenka, Natural Resources Management Specialist Farmers, hoteliers and homestay owners, fishers, producers of the famous Kanthale milk curd, Ayurveda healers, fruit growers, developers, safari jeep drivers, local dwellers—all derive their livelihoods from shared natural resources offered by the Hurulu-Kaudualla-Kanthale (HKK) Landscape. Located in the North East of Sri Lanka and home to 650,000 […]
Lina Spiro launches Sri Lanka’s first metered-dose inhaler manufacturing plant
Sunshine Healthcare Lanka (SHL), the healthcare arm of the diversified conglomerate Sunshine Holdings PLC (CSE: SUN), officially commenced the operations of its subsidiary, Lina Spiro (Pvt) Ltd, Sri Lanka’s first Metered-Dose Inhaler (MDI) manufacturing plant in Kadawatha today. The State Minister of Production, Supply and Regulation of Pharmaceuticals, Prof. Channa Jayasumana ceremoniously declared open the […]
Global equity interest in emerging markets expected to trickle down to CSE: Ceylon Asset Management
Jan 26, 2021 (LBO) – Local investors should exploit attractive valuations of the CSE before a Sri Lanka country rating revision and foreign investor confidence returns to the CSE, a new report says. “Invest in the Colombo Stock Exchange. Investors should include equity in portfolios during 2021, before PE ratio exceed 15X, ” the Ceylon […]
‘ ratings on recalibration; 2 downgrades
Fitch Ratings has revised the National Long-Term Ratings of Sri Lankan financial institutions following the recalibration of the agency’s Sri Lankan national rating scale. The recalibration is to reflect changes in the relative creditworthiness among Sri Lankan issuers following Fitch’s downgrade of the sovereign rating to ‘CCC’ from ‘B-‘/Negative on 27 November 2020. Fitch typically […]
Sunshine Holdings selects IFS ERP platforms for subsidiary companies
IFS, the global enterprise applications company, announces that Sunshine Holdings PLC, a leading conglomerate will roll out a comprehensive enterprise resource planning (ERP) platform from IFS for itself and ten other subsidiary companies, including companies in the healthcare sector, consumer sector (including Watawala and Zesta tea), and renewable energy sector. Having used IFS since 2016, […]
Samp Bank partner with Central Bank to promoting QR payments
Sampath Bank PLC joined hands with the Central Bank of Sri Lanka (CBSL) yet again to raise awareness and increase acceptance and usage of LANKAQR, the common Quick Response (QR) code standard for the country that was introduced in 2020. Encouraging consumers to adopt LANKAQR for their day to day transactions, Sampath Bank held a […]
Sri Lanka Ports Authority implements clearance of all imported goods through electronic methods
The Sri Lanka Ports Authority (SLPA) has taken steps towards the clearance of all imports at the Port of Colombo through electronic payments via the Internet. This allows port users to make payments from their homes or offices to clear goods from the Port of Colombo. This special facility will enable port users to make […]
Opinion: Extended producer responsibility to help address Sri Lanka’s plastic waste management
By Manjula de Silva, Secretary General and CEO, Ceylon Chamber of Commerce Each year, over 640,000 metric tonnes of plastic leak into the Indian Ocean from Sri Lanka (Clean Cities, Blue Ocean, June 2020). The Western Province alone generates around 7500 metric tons of solid waste every day, out of which only 3500 metric tons are […]
‘ National IFS Ratings
Fitch Ratings has revised the National Insurance Financial Strength Ratings (IFS) of two Sri Lankan insurers following the recalibration of the agency’s Sri Lankan national rating scale. Full Statement The recalibration reflects changes in the relative creditworthiness among Sri Lankan issuers, following Fitch’s downgrade of the country’s sovereign rating to ‘CCC’ from ‘B-‘ on 27 […]
Central Bank advises public to be watchful about online financial frauds & scams
The Central Bank strongly advises the public to be watchful about online financial frauds & scams and not to share any confidential information. The Central Bank said it has received information regarding several types of financial frauds and scams being operated through social media, Internet-based applications and mobile payment applications. Most of these scams are […]
“SL opens its doors to World” announced at travel trade awareness session in Mumbai
A virtual awareness session for the Travel Trade in Western India was held on 19 January 2021 to announce the re-opening of Sri Lanka for international tourists from 21st January 2021. This was the first awareness session organized for the Indian Market to inform of Sri Lanka’s re-opening and the “safety protocols” associated with the re-opening […]
SL vehicle registrations show an increase in Dec 2020: Jan expected to be nil
Jan 21, 2021 (LBO) – Sri Lanka’s vehicle registrations for the month of December show an increase mainly due to a shifting of registrations from the month of November, a new report says. Data compiled by JB Securities equities research shows that total vehicle registrations recorded 4,407 units in the month of Dec up from 2,868 […]