Category: Industry
‘s implementation of shortened settlement cycle for equity trades proves successful
The Colombo Stock Exchange’s (CSE) implementation of the shortened settlement cycle for equity trades has been executed seamlessly with the first settlement under the T+ 2 cycle taking place on 12 th July 2024, marking a significant milestone in Sri Lankan Capital Market operations. Investors have experienced swift payment processing, receiving their funds within two […]
WealthOS successfully raises £4Mn with institutional investors Barclays
WealthOS, a UK-based cloud-native wealth management platform founded by two Sri Lankan entrepreneurs and with product and engineering operations in Sri Lanka, recently secured £4 million in seed funding led by Barclays Bank. In addition to Barclays, WealthOS also garnered investment from Main Set, a division of the international investment firm Capricorn Capital Partners UK […]
PRCA Country Rep calls for ethics and standards in Sri Lanka’s advertising and marketing industry
Sri Lanka needs to put together a cohesive and comprehensive set of regulations and standards when it comes to advertising, marketing and communications and this should be done in consultation with various stakeholders in the industry, highlighted Thanzyl Thajudeen, the country representative of the Public Relations & Communications Association (PRCA), the world’s largest and influential […]
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Fitch Ratings has assigned Commercial Bank of Ceylon PLC’s (COMB, A(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III- compliant subordinated debentures of up to LKR20 billion a final National Long-Term Rating of ‘BBB+(lka)’. The final rating is the same as the expected rating assigned on 15 February 2024 and follows the receipt of documents conforming to […]
The Sri Lanka Coffee Festival returns for an exciting round three
The Lanka Coffee Association, in partnership with Australia’s Market Development Facility (MDF) and Jetwing Hotels, successfully hosted the third-annual Sri Lanka Coffee Festival on 6 June 2024 at Jetwing Lighthouse, Galle. The finals of the LCA Barista Championship were held alongside the festival activities. Sri Lanka’s first-ever study on the impact of climate change on […]
The Ceylon Chamber Welcomes New Electricity Bill
In a landmark decision, the Parliament of Sri Lanka has approved the long-awaited Electricity Bill, marking a significant milestone in public sector reform. The Ceylon Chamber of Commerce, which has been advocating for this change for the past few years, warmly welcomes the decision, hailing it as a courageous and transformative step forward for the […]
WSO2 Hosts IAM CxO Event for Banking and Financial Services Industry Leaders
Identity and Access Management (IAM) is crucial in ensuring security, regulatory compliance, and delivering exceptional customer experience in critical industries such as banking and financial services. Effective IAM solutions protect sensitive customer data, streamline operations, and help financial institutions comply with stringent regulatory requirements. Recognizing this critical need, WSO2, a leading independent software vendor specializing […]
Approval Granted for “Starlink” to Provide Satellite-Based Internet Services in Sri Lanka
State Minister of Technology, Kanaka Herath, announced that the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has granted preliminary approval for ‘Starlink’ to provide satellite-based internet services in Sri Lanka. The State Minister emphasized that a two-week period has been allocated for a formal public consultation process regarding the approval of this internet service. Following […]
”; Outlook Stable
Fitch Ratings has affirmed Commercial Bank of Ceylon PLC’s (COMB) National Long-Term Rating of ‘A(lka)’. The Outlook is Stable. At the same time, Fitch has affirmed the bank’s subordinated debt at ‘BBB+(lka)’ and proposed subordinated debt at ‘BBB+(EXP)(lka)’.
””; Outlook Stable
Fitch Ratings has affirmed the National Long- Term Rating on People’s Bank (Sri Lanka) (PB) at ‘A(lka)’. The Outlook is Stable.
SriLankan Cargo reinvents service delivery with strong customer focus
SriLankan Cargo, the air cargo division of SriLankan Airlines, recently unveiled its reinvented service delivery framework and website, with a strong focus on customer experience. The new service model of SriLankan Cargo classifies service delivery under Freshness Class, Wellness Class, Precious Class and Guardian Class to ensure consistent and premium care for customers and their […]
TISL Demands Transparency in Adani Wind Power Project: Files Right to Information Applications
Transparency International Sri Lanka (TISL) has filed a series of Right to Information (RTI) requests with public authorities seeking crucial information regarding the transparency, legality, evaluation process, pricing, government involvement, and the Environmental Impact Assessment (EIA) related to the Wind Power Project in Mannar and Pooneryn, involving India’s Adani Group. Earlier this year, Adani Green […]