Category: Industry
After A/L? “Meet your lecturer” at NSBM Green University this weekend
NSBM Green University, Sri Lanka’s premier degree-awarding institute, is hosting a special event this weekend for after A/L students to plan their future with the right guidance. NSBM’s “Meet Your Lecturer” Guidance Programme will take place on January 25–26, at its picturesque university premises in Homagama. This special event is designed for after A/L students […]
WSO2 Introduces ‘Platformless: Redefining Digital Transformation’ at a CxO Event for SL Corporates
WSO2, a global leader in digital transformation technologies, successfully hosted an exclusive networking event this week to unveil Platformless, a revolutionary concept that promises to transform how enterprises approach digital transformation. The event brought together industry leaders, innovators, and technology experts for an inspiring evening of discussion and exploration. Platformless addresses a critical challenge in […]
‘ National Ratings and Affirms Five after Scale Recalibration
Fitch Ratings has upgraded the National Long-Term Ratings of 10 Sri Lankan banks following the recent sovereign upgrade and recalibration of the agency’s Sri Lankan national rating scale. At the same time, Fitch has affirmed the National Long-Term Ratings of five Sri Lankan banks. The recalibration reflects changes in the relative creditworthiness of Sri Lankan […]
JAAF supports ‘Clean Sri Lanka’ initiative to build a cleaner, greener future
The Joint Apparel Association Forum (JAAF), the apex body representing Sri Lanka’s apparel industry, welcomes the launch of the Clean Sri Lanka programme, spearheaded by H. E. President, Anura Kumara Dissanayake, and the government. With sustainability as a core principle, the Sri Lankan apparel sector is uniquely positioned to complement this nationwide movement for environmental, […]
Supercharge Your AI with Smart Prompting
Artificial intelligence (AI) has seamlessly integrated into our lives, making its presence felt in everything from managing our schedules to analyzing vast amounts of data. Despite its growing capabilities, you might have noticed that sometimes AI doesn’t quite deliver the results you expect. Ever wondered why that is? Ultimately, it comes down to mastering the […]
Lumala employees urge Government action to save Sri Lanka’s bicycle industry
Employees of Lumala City Cycle Industries Manufacturing Pvt Ltd are calling for urgent government intervention as their company faces an unprecedented crisis that threatens to shut down one of South Asia’s leading bicycle manufacturers. Located at Panadura, Lumala has played a pivotal role in Sri Lanka’s industrial sector for over five decades, yet escalating costs […]
David Pieris Group Launches Northern Entrepreneur Seed Fund
By Jekhan Aruliah I first met Mr David Pieris in 2021. David came for tea at my place in Jaffna on one of his business visits to the North. The David Pieris Motor Company (DPMC) has operated in the North for decades including throughout the Sri Lanka civil war. David told me of his vision […]
Sri Lanka Slashes Electricity Tariffs by 20-pct Effective Midnight
The Public Utilities Commission of Sri Lanka (PUCSL) has announced a reduction in electricity tariffs by 20%, effective from midnight today, for the first six months of 2025. This decision follows a series of public consultations and counter-proposals from the Ceylon Electricity Board (CEB). However, the Ceylon Electricity Board has announced that the revised electricity […]
‘s First State Visit to China
During President Anura Kumara Disanayake’s four-day state visit to China, Sri Lanka marked a significant milestone by securing the largest foreign direct investment to date, the President’s Media Division said. This achievement was formalized this morning (16) with the signing of an agreement between Sri Lanka’s Ministry of Energy and Sinopec, a leading Chinese international […]
Port City Colombo Celebrates Groundbreaking Of Luxury Marina Development
Port City Colombo celebrated the groundbreaking of the Marina Development at Port City Colombo with a special ceremony held on 10th January 2025. The occasion was graced by Chief Guest, Hon. Vijitha Herath, Minister of Foreign Affairs, Foreign Employment & Tourism. Also present at the event were H.E. Qi Zhenhong, Ambassador, Embassy of the People’s […]
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Fitch Ratings has upgraded Bank of Ceylon’s (BOC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ‘CCC+’ from ‘CCC-‘. The ratings do not have an Outlook because of the high volatility at this rating level, in line with Fitch’s rating definitions. Fitch has also upgraded BOC’s Viability Rating (VR) to ‘ccc+’ from ‘ccc-‘, affirmed […]