Category: Industry
JAAF congratulates new President Anura Kumara Dissanayake
The Joint Apparel Association Forum (JAAF), Sri Lanka’s apex body for the textile and apparel industry, warmly congratulates NPP leader Anura Kumara Dissanayake on being elected as the new President of Sri Lanka. As the country enters a new phase of leadership, JAAF highlights the immense importance of the apparel sector, a key driver of […]
CBL Global Foods and USAID join forces to transform Sri Lanka’s coconut industry
CBL Global Foods Limited (CBL GFL), a key player in Sri Lanka’s agribusiness sector and a subsidiary of the CBL Group – one of the largest food conglomerates, has partnered with the United States Agency for International Development (USAID) to enhance the coconut industry through an initiative aimed at boosting productivity and market access for […]
German Federal Ministry for Economic Affairs Explores Opportunities at HIP
Tobias Pierlings, Director and Head of Division for South Asia and Southeast Asia at the German Federal Ministry for Economic Affairs and Climate Action, Berlin and a delegation from the German Embassy in Sri Lanka, visited the Hambantota International Port (HIP) last week. The visit was to explore potential business opportunities in Sri Lanka and […]
CEAT Kelani Holdings rated AA+ by Fitch for 4th successive year
Sri Lanka’s leading tyre manufacturer CEAT Kelani Holdings (CKH) has been assigned a National Long-Term rating of ‘AA+(lka)/Outlook Stable’ by Fitch Ratings for a fourth consecutive year, a rating Fitch said is supported by CEAT’s sustained leadership in the domestic pneumatic tyre manufacturing industry and the resilience of its financial profile. In its announcement, Fitch […]
National Single Window: A Game-Changer for Sri Lanka’s Trading Community
What is the National Single Window (NSW)? The National Single Window (NSW) is an integrated digital platform designed to streamline international trade by allowing parties involved in trade and transport to submit standardized information and documents through a single entry point. This concept, supported by international organizations such as the World Trade Organization (WTO) and […]
‘s Presidential election
As the Sri Lanka Presidential Election approaches on 21st September 2024, TikTok is intensifying its efforts to combat misinformation and uphold election integrity on its platform. The platform’s latest initiatives demonstrate its unwavering commitment to maintaining a safe, authentic, and reliable information environment during this important period. Building on its robust global framework to combat […]
ComBank becomes first bank in Sri Lanka to receive Corporate Finance Advisor licence from SEC
Commercial Bank of Ceylon PLC has become the first Sri Lankan bank to receive a licence from the Securities and Exchange Commission of Sri Lanka (SEC) to operate as a Corporate Finance Advisor [CFA]. The receipt of the CFA licence enables Commercial Bank to provide the advisory services listed under Section 188 of the SEC […]
Ceylinco Life to invest Rs 2 billion as Anchor Investor in DFCC Bank Green Bond
Ceylinco Life has announced it will break new ground by investing Rs 2 billion in Sri Lanka’s first Green Bond, serving as its anchor investor in an emphatic demonstration of the company’s commitment to sustainability. Issued by DFCC Bank and opening for subscription on Thursday 12th September, the Green Bond is expected to raise up […]
Cordelia Cruises to begin 2025 season at HIP in June
Cordelia Cruise Lines completed its second season of calls at the Hambantota International Port (HIP) in September 2024. The scheduled 6 visits between July and September brought in over 5000 tourists to the country. The next season of Cordelia cruises, which will also be 6 calls at HIP, is scheduled to begin in June 2025 […]
JICA pledges further technical assistance to Power Sector Reforms
Sri Lanka is on a mission to revamp its state-owned enterprises, including the Ceylon Electricity Board (CEB) under the IMF Program, while the country is fully committed to achieving the Government of Sri Lanka’s target of seventy percent share of renewable energy in power generation by 2030. Japan International Cooperation Agency (JICA) has been supporting […]
Parliament Approves Offshore Banking Regulations At Port City Colombo
Port City Colombo announced that the two gazetted regulations, Offshore Banking and Offshore Banking — Prudent Management and Confidence, were officially passed by the Parliament of Sri Lanka on 4th September 2024. This milestone represents Port City Colombo’s ambitious aim to position itself as a formidable regional financial centre, which would attract an increased inflow […]
Union Bank Launches 24 Hours Rapid Vehicle Leasing
Union Bank recently relaunched its leasing facilities with competitively low monthly rentals and 24 hours approval providing customers the flexibility for vehicle financing requirements, by offering customised leasing solutions. The monthly leasing rental offered by Union Bank currently is one of the best in the market, and is as low as just Rs 1, 689 […]