Port City Colombo Celebrates Groundbreaking Of Luxury Marina Development
Port City Colombo celebrated the groundbreaking of the Marina Development at Port City Colombo with a special ceremony held on 10th January 2025. The occasion …
Industry
Fitch Upgrades Bank of Ceylon’s IDRs and VR to ‘CCC+’ and ‘ccc+’
Fitch Ratings has upgraded Bank of Ceylon's (BOC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to 'CCC+' from 'CCC-'. The ratings do not …
Hambantota International Port Hits 22-pct Growth in 2024, Bolsters Infrastructure for Future Expansion
Hambantota International Port (HIP) achieved an impressive growth rate of 22% in 2024, matching its performance from the previous year. With its sights set on …
Sri Lanka Reports Full-Year Tourist Surge of 38-pct in 2024, December Arrivals up by 18-pct
Foreign tourist arrivals in Sri Lanka increased by 18.18% year-on-year to 248,592 in December 2024, following a 21.6% rise in the previous month, according to …
Sri Lanka’s Economy, Hare or Tortoise?
By Jekhan Aruliah I was listening to a very eloquent speaker on YouTube. He commented, as our public speakers often do, that we in Sri Lanka are a blessed …
Leaf Lanka Takes on Maldivian Investment, Unfolds USD 6M Retreat in Riverstone
Leaf Lanka International (Pvt) Ltd, a company led by the young entrepreneur Hashan Gunathilaka, is set to redefine luxury hospitality in Sri Lanka. The company …
Sri Lankan Insurers to Tackle Profitability Pressure with Key Shifts: Fitch Ratings
Underwriting profitability for Sri Lankan non-life insurers will gradually improve as they enhance practices and shift focus to more profitable non-motor …
TRCSL Approves Starlink Satellite Broadband Tariff Plans
The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has officially given the green light to tariff plans for 'Starlink' satellite broadband …
SLT-MOBITEL completes historic SEA-ME-WE 6 Submarine Cable landing in Matara
SLT-MOBITEL has successfully landed the SEA-ME-WE 6 (Southeast Asia-Middle East-Western Europe 6) submarine cable in Matara, Sri Lanka on December 29, 2024, …
SLPA Achieves Record-Breaking Container Throughput in 2024 Despite Competition
In 2024, the Sri Lanka Ports Authority (SLPA) terminals achieved a record-breaking throughput of 2.41 million TEUs amidst intense competition. SLPA alone …
New perceptions study: Sri Lanka excels in tourist visa accessibility, boosting global tourism appeal
Sri Lanka comes in 33rd globally for ‘easy to get visa’. Colombo climbs six places to come in 57th for ‘leader in science and …
Sri Lanka CERT Appoints New Chairman: Thilak Pathirage
A new board of directors have been appointed by Secretary to Treasury on the recommendation of his excellency the President Anura Kumara Dissanayake, in …
Emirates to introduce additional flights to/from Colombo
Emirates, the world’s largest international airline, will operate an additional scheduled service between Colombo and Dubai, starting from 2 January 2025. …
JAAF partners with GTEX to drive textile innovation and competitiveness in Sri Lanka
Sri Lanka took another significant step toward textile circularity with a four-day program under the GTEX Phase II initiative, organized by the International …
CBL’s Senehasin Jayamaga, wins best sustainability project award at best corporate citizen awards
Ceylon Biscuits Limited (CBL), the proud owner of flagship brand Munchee and a subsidiary of the CBL Group, awarded the Best Sustainability Project Award for …
Opinion: Embracing change, charting a brighter future for Sri Lanka’s plantation industry
By Sunil Poholiyadde, Chairman of the Planters’ Association of Ceylon For 170 years, Sri Lanka’s plantation industry has stood the test of time. Despite …
HIP container handling aims to capture the Relay market
As Hambantota International Port (HIP) gears up to enhance its container operations with the introduction of advanced crane technology in early February 2025, …
Ambeon Holdings PLC Increases Stake in Seylan Bank and Strengthens Financial Services Footprint
Ambeon Holdings PLC, a diversified conglomerate with a strong presence across multiple sectors, continues to strengthen its position in Sri Lanka's financial …
Stay Safe, Pay Safe & Avoid Festive Frauds – Visa Shares Tips for Consumers This Festive Season
With the holiday season now underway, Visa, the global leader in digital payments, reminds shoppers to stay vigilant amidst a rise in fraud schemes. Visa’s …
HIP Witnesses Shift in Cruise Ship Origins with European Vessels Leading as Indian Arrivals Decline in 2024
Hambantota International Port (HIP) saw a modest increase in cruise ship arrivals in 2024, with a notable shift in the origins of the vessels. There was a …