Category: Industry
”; Outlook Stable
Fitch Ratings has affirmed Siyapatha Finance PLC’s National Long-Term Rating at ‘BBB+(lka)’ with a Stable Outlook. Fitch also affirmed Siyapatha’s subordinated debt at’ BBB-(lka)’ and proposed senior debt at ‘BBB+(EXP)(lka)’.
Ceylon Chamber Welcomes National Digital Economy Strategy
The Ceylon Chamber recognizes the Digital Economy as a key enabler for Sri Lanka’s economic growth acceleration. The National Digital Economy Strategy 2030 recently published by the Ministry of Technology provides a roadmap to unlock the benefits of the digital economy. The strategy focuses on the improvement of the digital infrastructure, implementation of the Digital […]
Eight Sri Lankan Diplomats visit Hambantota International Port
With representatives from several foreign embassies represented in Sri Lanka visiting the Hambantota International Port (HIP) to investigate business opportunities, the Sri Lanka Foreign Ministry organised a port visit for its ambassador designates. In line with that, Sri Lankan ambassadors designated to 8 countries were taken on a guided tour of HIP and followed a […]
Sri Lanka unveils new eVisa scheme offering longer durations of stay & diverse visa categories
The newly launched www.srilankaevisa.lk platform significantly enhances Sri Lanka’s visa processing system by replacing the previous Electronic Travel Authorization (ETA) framework. This robust and state-of-the-art platform efficiently manages non-resident applications for a diverse range of visa categories, including short-term, long-term, transit, and gratis visas, across 15 visa categories, with stay durations of one month to […]
‘s National Digital Economy Strategy
Sri Lanka, a nation poised at the cusp of digital transformation, has taken a monumental step forward with the introduction of its National Digital Economy Strategy. Crafted through a collaborative effort between government bodies, academia, industry stakeholders, and supported by the World Bank, this strategic blueprint stands as a testament to Sri Lanka’s commitment to […]
President of Iran to arrive in Sri Lanka to open Uma Oya today
President of the Islamic Republic of Iran Dr. Ebrahim Raisi is scheduled to make an official bilateral visit to Sri Lanka at the invitation of President Ranil Wickremesinghe to jointly declare open the Uma Oya Multipurpose Development Project on 24 April 2024. The Uma Oya Multipurpose Development Project, funded by Sri Lanka and Iran, is […]
Australia and Sri Lanka further strengthen ties with launch of new joint maritime security operation
Australia and Sri Lanka’s commitment to countering maritime security threats has been on display with the launch of a new joint maritime security operation in Colombo today. Aptly named Disi Rela, which means ‘keeping a watchful eye over the maritime environment,’ the new joint activity will see the Australian Border Force (ABF) and Department of […]
The Colombo Port City Economic Commission approves 42 companies as AP’s
Port City Colombo, a multi-service Special Economic Zone (SEZ) and a regional financial centre and business hub, has made significant progress in capturing key investments, as the project gears up for a tenacious drive to attract prospective land development and business set-up investors from the South Asian, APAC, and Middle Eastern regions before the end […]
‘ComBank Digital’ links Dept. of Commerce for online payments with LankaPay
The Commercial Bank of Ceylon has announced the integration of the Department of Commerce (DOC) with ‘ComBank Digital’ enabling online payments for services via LankaPay. As a result, businesses or individuals can now make secure real-time online payments for services such as registration of exporters, issuance of certificates of origin and other facilities offered by […]
WSO2 Expands Presence in India to Strengthen Service & Support for Customers Worldwide
WSO2 Inc., a leading independent software vendor specializing in open-source API management, integration, and identity and access management (IAM) products and internal developer platform technologies, is expanding its presence in India and has opened a new office in Bengaluru. Operating in India as ‘WSO2 India (Private) Ltd.’, the expansion is part of the company’s strategic […]
’24
Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 62.5 in March 2024, indicating an expansion in manufacturing activities. This marks the highest PMI-Manufacturing that was recorded in three years. All the sub-indices expanded on a month-on-month basis contributing to this increase, mainly driven by the seasonal demand. The […]
ComBank appoints new Chairman and Deputy Chairman
Commercial Bank of Ceylon PLC has announced the appointment of top international investment banker Mr Sharhan Muhseen as Chairman, and financial services professional Mr Raja Senanayake as Deputy Chairman, effective Monday, 22ndApril 2024. Mr Muhseen, previously Deputy Chairman of the Bank, succeeds Prof. Ananda Jayawardane as Chairman upon the latter’s retirement, and Mr Senanayake, a […]