Category: Industry
CSE and DFCC Bank Forge Strategic Partnership through New MOU
The Colombo Stock Exchange (CSE) and DFCC Bank PLC (DFCC) signed a Memorandum of Understanding (MoU) recently with the aim of enhancing the facilitation of Inward Investment Accounts (IIAs) for non-resident foreign individuals (FIs) in Sri Lanka. This collaboration will enable FIs to request IIAs when opening Central Depository Systems (CDS) accounts via the CSE […]
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Fitch Ratings has revised the Outlook on Sri Lanka-based UB Finance PLC (UBF) to Negative from Stable and affirmed its National Long-Term Rating at ‘BB(lka)’.
The Knox Journals: Passwordless Future of Security
Being productive has never been easier, thanks to our devices. From smartphones to smart homes, our lifestyles are now incredibly connected. But as this connectivity grows, so do concerns around device and data safety. Samsung has made it a priority to give you peace of mind when using connected device ecosystems as Knox Vault, passkeys […]
JAAF calls for urgent action on business visa issue
The Joint Apparel Association Forum (JAAF) called on the Sri Lankan government to urgently resolve ongoing challenges related to the issuance of short term business visas, which have been halted since August 2. JAAF noted that all official foreign business visitors, including buyers, machinery suppliers, and technical service providers, have faced significant hurdles entering Sri […]
MV EVER ARM makes first call at SLPA controlled Colombo East Container Terminal
The container vessel MV EVER ARM made its first call at the Colombo East Container Terminal (CECT) on September 5, 2024. The vessel is part of Evergreen’s fleet, operating on the China-Europe-Mediterranean (CEM) route, sailing under the Taiwanese flag. This call marks a significant milestone for the Sri Lanka Ports Authority (SLPA), which operates the […]
Exponential increase in vessels arriving at Hambantota International Port for repairs & layups
There has been an exponential increase in the number of vessels arriving at Hambantota International Port (HIP) for repairs and layups this year, marking a significant boost in its operational growth. From January to August 2024, the port hosted 23 vessels for these services, a remarkable 53% increase compared to the 15 vessels during the […]
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 […]