Category: Industry
President Opens “The Mall” Duty-Free Shopping Complex in Colombo Port City
President Ranil Wickremesinghe officially opened “The Mall,” a newly constructed duty-free shopping complex in the Colombo Port City area yesterday (September 5). This marks the debut of the first urban duty-free shopping mall in the region, featuring a range of stores, restaurants, and various retail outlets. Notable international duty-free retailers, including One World, China Duty […]
ComBank announces special concessions on foreign university payments
The Commercial Bank of Ceylon has announced a series of attractive concessions for students making payments to foreign universities in the next three months. The Bank said it would slash the initial telegraphic transfer (TT) charges by half for Sri Lankans opening new student files before 30th November 2024, and reduce the interest rate by […]
EDB-SLASSCOM SheExports programme: Empowering Women Tech Entrepreneurs at Orel IT
In today’s rapidly evolving tech landscape, empowering women entrepreneurs with the knowledge and resources they need to succeed is more crucial than ever. Recognizing this need, Orel IT recently conducted a comprehensive knowledge-sharing session as part of the ongoing “SheExports” programme, which is a long-term capacity-building initiative by the Export Development Board and SLASSCOM aiming […]
LTL Holdings, Sri Lanka’s leading power conglomerate unveils IPO and plans CSE debut
LTL Holdings Limited (LTL / the Company), Sri Lanka’s leading fully integrated power sector conglomerate with a 40-year track record, announced plans to launch an Initial Public Offering (IPO) and be listed on the Colombo Stock Exchange (CSE), making this the largest IPO to take place on the CSE. The IPO is an offer for […]
‘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 […]