Category: Industry
‘s DCTS for sustainable growth amidst economic challenges
Sri Lanka’s apparel industry, a cornerstone of the nation’s economy, finds itself at a critical juncture. As the sector continues to recover from the COVID-19 pandemic and navigates ongoing economic challenges, the UK’s Developing Countries Trading Scheme (DCTS) has emerged as a potential lifeline. However, this opportunity comes with its own set of hurdles, particularly […]
Unlock your future at EDEX mid-year Expo 2024: Education, employment, and beyond
Celebrating over 20 years of empowering Sri Lanka’s youth, EDEX, the island’s largest and most respected education exhibition and careers fair, is set to host its Mid-Year Expo from September 6 th – 8th 2024, at the Bandaranaike Memorial International Conference Hall (BMICH), in Colombo. Building on the success of the main EDEX Expo held […]
Digital Mobility Solutions Lanka (PickMe) Announces IPO
Digital Mobility Solutions Lanka Limited, the innovator behind Sri Lanka’s leading mobility solutions app PickMe, announces its forthcoming Initial Public Offering (IPO) on the Colombo Stock Exchange (CSE). The IPO will feature an offer for sale of 43,474,179 existing ordinary voting shares at a price of LKR 36.00 per share, opening on September 13, 2024. […]
John Keells Logistics Partners Brillion Consumer Products Lanka for Baygon’s Relaunch in Sri Lanka
John Keells Logistics (Pvt) Ltd (JKLL) is proud to announce its collaboration with Brillion Consumer Products Lanka (Pvt) Ltd which is relaunching the widely-known pesticide brand “Baygon” in Sri Lanka. JKLL has been selected once again as their exclusive logistics partner for Baygon, a decision by Brillion Consumer Products Lanka based on the exceptional service […]
Aitken Spence Hotels to Elevate Rainforest Ecolodge as a Global Model of Sustainable Tourism
Sri Lanka’s leading hospitality chain, Aitken Spence Hotels, announces its latest venture: the takeover of the management of Rainforest Ecolodge, the first classified ecolodge in the country. This partnership is more than just a management agreement; and represents a continuation of a visionary legacy and a profound commitment to sustainable tourism and innovative hospitality solutions. […]
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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 an expected National Long-Term Rating of ‘A-(EXP)(lka)’.
Advanced port technology & automation to make Colombo Port more efficient: SLPA Chairman
“Adopting advanced port technology and automation are some of the latest solutions planned by the Port of Colombo to increase productivity and efficiency in global port operations,” said Mr. Keith D. Bernard, Chairman of the Sri Lanka Ports Authority (SLPA). “Despite facing challenges like congestion, limited space, and equipment shortages, the Port of Colombo remains […]
TISL Demands Accountability in Proposed Mineral Sands Mining Project in Puttalam
Transparency International Sri Lanka (TISL) filed a complaint with the Human Rights Commission of Sri Lanka (HRCSL) on July 19th, requesting an investigation into the alleged corruption, malfeasance and abuse of power by the Sri Lanka Cement Corporation (SLCC) in a proposed mineral sands mining project in Puttalam. The HRCSL has requested a detailed report […]
HNB’s Rating Unaffected by Proposed Acquisition of Alfalah’s Bangladesh Business: Fitch Ratings
Hatton National Bank’s potential acquisition of Bank Alfalah Limited’s Bangladesh operations is unlikely to affect the Sri Lankan bank’s ratings, says Fitch Ratings. Full Statement Hatton National Bank PLC’s (HNB; A(lka)/Stable) potential acquisition of Bank Alfalah Limited’s (BAFL) Bangladesh operations is unlikely to affect the Sri Lankan bank’s ratings, says Fitch Ratings. We believe the […]
Port City Colombo attracts 100+ companies as authorised persons
Port City Colombo has achieved a significant milestone, on-boarding 100+ companies as Authorised Persons (AP’s), as of August 24th, 2024. These companies represent a diverse range of sectors identified to the Colombo Port City Special Economic Zone, including IT, Finance, Professional Services, Shipping, Logistics, Tourism, Healthcare, Real Estate Development, and Global Capability Centres. Among these […]
Sri Lanka’s First Natural Gas Power Plant Launched by President
President Ranil Wickremesinghe emphasized that the renewable energy sector should become the primary driver of economic growth in Sri Lanka over the next decade, similar to how the garment industry was developed as a key economic sector by the government in 1977. The President highlighted that the government has a strategic plan to transform Sri […]
Fortude Ignite WomenTech internship 2024 empowers future tech leaders
The Fortude WomenTech Internship 2024, which commenced in August2024 following a selection from over 1,400 applications, marked two intense weeks of immersive learning. Aligned with Fortude’s objective of achieving a balanced gender representation by 2027, the Ignite internship program serves as a testament to the company’s commitment to equal opportunities, ensuring growth and development for […]