Category: Industry
Colombo Dockyard Lays Foundation Stone To Build Fully-fledged Engineering Workshop At Hambantota Port
Colombo Dockyard (CDPLC) ceremonially laid the foundation to build a full-fledged engineering workshop at Hambantota International Port on 16th August 2024. This ceremonial occasion will kick off the construction of the engineering workshop in line with the contract signed between CDPLC and Hambantota International Port Group (HIPG). The foundation laying commenced with the traditional of […]
ComBank leads the Home Loan market, supporting Sri Lankan home builders
The Commercial Bank of Ceylon has emerged as the biggest supporter of the dreams of home builders in Sri Lanka, achieving market leadership in the ‘Home Loans’ sector. The Bank has announced that its home loans portfolio grew to Rs 72.965 billion as at 31st March 2024, and achieved the number 1 place. Notably, Commercial […]
SLCPI pledges to continue advocating for quality and affordable choice of medicine
The Sri Lanka Chamber of Pharmaceutical Industries (SLCPI) held the 63rd Annual General Meeting recently, with the participation of its membership including leading pharmaceutical manufacturers and importers of the country. Charting its course towards consistent availability of quality medicine to the Sri Lankan public and sustaining an effective pharmaceutical industry, the AGM saw the convening […]
Union Bank Appoints Dilshan Rodrigo as New Chief Executive Officer
Union Bank announced the appointment of Mr. Dilshan Rodrigo as its new Director/Chief Executive Officer, effective 16 August 2024. With an impressive career spanning over two decades in the banking sector, Mr. Rodrigo’s appointment signifies a transformative moment for the bank. Under his leadership, Union Bank aims to navigate the evolving landscape of Sri Lanka’s […]
ComBank raises Rs 22.54 bn from shareholders via biggest rights issue by a local bank
The Commercial Bank of Ceylon PLC has announced that it has successfully completed the largest rights issue to date by a bank in Sri Lanka, raising Rs 22.54 billion to increase the Tier I and total capital of the Bank to accommodate and facilitate future business growth. The Bank offered holders of ordinary voting as […]
”s “real” agenda
In the latest series of the RIUNIT podcast hosted by Roshan Madawela, distinguished economists Prof. Howard Nicholas and Prof. Jayati Ghosh, delve deeply into the rapidly changing economic and geopolitical environment, examining both local and global economic orders. By questioning popular narratives, they provide insightful analysis and perspectives on the complex forces shaping our world […]
Starlink Receives License for Satellite Broadband Services in Sri Lanka
The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has granted a Telecommunications Service Provider License to Starlink Lanka (Private) Limited under Section 17B of the Sri Lanka Telecommunications Act No. 25 of 1991, allowing them to offer Satellite Broadband Services in Sri Lanka. This license will be effective from 12th August 2024, the TRCSL said […]
Port City Colombo signs MoU with Trace Sri Lanka to grow tech industry
Port City Colombo has taken a further step towards establishing itself as a pivotal technology hub in the region by entering into a formal partnership with TRACE Sri Lanka – a leading organization that promotes collaboration, creativity, and entrepreneurship through technology and innovation across disciplines in Sri Lanka. The MOU formalising the partnership was signed […]
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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)’.
SLPA fire fighters completely control fire in the vessel at POC
Fire fighters of the he Sri Lanka Ports Authority (SLPA) Fire Brigade successfully extinguished the fire that broke out yesterday (11) in a ship at the Jaya Container Terminal (JCT) of the Port of Colombo. At present, the fire has been completely extinguished. A sudden fire broke out in the Container vessel MV. MSC CAPETOWN […]
WISTA hosts Karen Leong for keynote on transformative leadership
In a rapidly evolving world marked by technological advancements, geopolitical uncertainties, shifting customer expectations, and significant workplace transformations, the need for transformative leadership has never been more critical. The Women’s International Shipping & Trading Association (WISTA) Sri Lanka, celebrating its 10th anniversary, is set to address these pressing challenges with a significant event titled ‘Charting […]
Teejay knits resilient start to 2024-25 with profit turnaround in Q1
Strategic responses to challenges facing the textile manufacturing industry have generated a positive start to 2024-25 for Teejay Lanka PLC, Sri Lanka’s first multinational textile manufacturer. The Group has reported profit before tax of Rs 273.7 million for the three months ending 30 th June 2024, reversing a loss of Rs 701 million in the […]