Category: Industry
John Keells partners with Sysco LABS and Brandix Lanka for FastTrack summer internship programme 2024
The ‘FastTrack’ summer internship, introduced by the John Keells Group, makes its return this year, in collaboration with Sysco LABS Sri Lanka and Brandix Lanka (Pvt) Ltd, offering undergraduates a distinctive four-week summer internship experience. Launched in 2011, FastTrack distinguishes itself by providing participants with an unmatched opportunity to explore the diverse corporate landscape of […]
Cross Border Partnership: PickMe ventures into Nepal; IFC endorses move to support startup ecosystem
PickMe has crossed digital borders and will take the ride hailing market by storm with the launch of their latest technology partnership, JumJum (Let’s Go) in Nepal, a country where 78% of 3.22 million vehicles registered are motorcycles. Named as the Motorcycle city, Kathmandu Valley claims to have over a million motorcycles on their busy […]
LRA upgrades Janashakthi Limited (JXG) to Investment Grade
Janashakthi Limited (JXG), the parent entity of the Janashakthi Group of Companies, announces a three-notch upgrade in its credit rating by Lanka Rating Agency (LRA) from BB- to BBB-. This upgrade signifies a shift from moderate risk to investment grade, reinforcing Janashakthi Group’s strength, stability, and sustained growth in the sectors it operates in. Established […]
IFC & EU Partner with Comm Bank to Scale Up Green Finance, Signaling Need for Climate Resilient Investments
In a move to spur sustainable investments in Sri Lanka, the International Finance Corporation (IFC) and the European Union (EU) partnered with the Commercial Bank of Ceylon (CBC) to scale up green finance, supporting the country’s commitments towards a low-carbon economy. The partnership, which is under EU’s regional initiative ‘Accelerating Climate Smart and Inclusive Infrastructure […]
CFA Society SL to upskill analysts to uphold investment research standards
The much-awaited annual CFA Society Sri Lanka Capital Market Awards will be held for the 11th year on 18 June 2024 at the Cinnamon Grand, Colombo. Today, it is among the most sought-after accolades that recognizes and rewards excellence in the local capital markets. The investment research industry is at the center stage of the […]
Emirates extends strategic partnership with Sri Lanka Tourism to boost visitor traffic to the South Asian island
Emirates has reaffirmed its long-standing commitment to promoting tourism to Sri Lanka through a Memorandum of Understanding (MoU) signed with the Sri Lanka Tourism Promotion Bureau at Arabian Travel Market 2024 in Dubai. The MoU was signed by Ahmed Khoory, Emirates’ Senior Vice President, Commercial West Asia & Indian Ocean, and Chalaka Gajabahu, Chairman, Sri […]
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Fitch Ratings has affirmed the rating on SriLankan Airlines Limited’s (SLA) USD175 million government guaranteed 7% unsecured bonds due 25 June 2024 at ‘C’. The rating on the bonds is driven by the unconditional and irrevocable guarantee of the government of Sri Lanka (Long-Term Foreign-Currency Issuer Default Rating: ‘RD’).
Sampath Bank unveils its new “Vishwa” retail App
Sampath Bank, a leading innovator in Sri Lanka’s banking industry, proudly unveiled its revolutionary mobile application, Sampath Vishwa Retail. This progressive launch marks a significant milestone within the internet banking landscape, promising unparalleled convenience and accessibility to customers. Boasting a user base of over one million, representing nearly 25% of the bank’s total clientele, Sampath […]
LankaPropertyWeb introduces AI-powered tool to its real estate marketing
LankaPropertyWeb (LPW), a real estate portal in Sri Lanka, proudly announces groundbreaking enhancements set to revolutionise the real estate marketing industry. Demonstrating an unwavering commitment to innovation, LankaPropertyWeb introduces two cutting-edge features – the AI-powered social Media Promo Add-On Package and the ML Image Recognition Tool – designed to transform property listings and streamline marketing […]
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Fitch Ratings has affirmed Sri Lankan cable manufacturer Sierra Cables PLC’s National Long-Term Rating at ‘A+(lka)’. The Outlook is Stable. The affirmation and Stable Outlook reflect our view that Sierra will be able to maintain adequate financial metrics in the next 12 months. The improving trajectory in Sri Lanka’s external finances and lower domestic interest […]
CEAT Kelani says it is not the company fined by Customs Department
CEAT Kelani International Tyres (Pvt) Ltd. has assured customers, stakeholders and the general public that the Company has no dispute over Customs Duties with the Customs Department and is not subject to any inquiry or penalty by the Department in relation to Customs Duties. Responding to media reports that a leading tyre manufacturer is facing […]
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Fitch Ratings has assigned Siyapatha Finance PLC’s (BBB+(lka)/Stable) proposed Sri Lankan rupee-denominated senior unsecured debentures of up to LKR4 billion a final National Long-Term Rating of ‘BBB+(lka)’. The final rating is the same as the expected rating assigned on 14 March 2024 and follows the receipt of documents conforming to information already received.