Category: Industry
CEAT helps keep Suwa Seriya ambulances on the road
The 322-strong fleet of ambulances operated by the Suwa Seriya Foundation will continue to fulfil its humanitarian mission in Sri Lanka with tyres supplied by CEAT Kelani Holdings as the preferred tyre supplier. CEAT Kelani recently renewed its commitment to Suwa Seriya, undertaking to provide tyres for five ambulances free of charge and to provide […]
Sri Lanka Central Bank to implement single policy rate mechanism
Sri Lanka’s Central Bank of Sri Lanka (CBSL) said it seeks to consolidate monetary policy operations under a single benchmark rate. Governor of the CBSL Nandalal Weerasinghe made this remark while announcing the 2024 annual policy statement in Colombo, Wednesday. online pharmacy buy levofloxacin with best prices today in the USA The decision was made […]
Cargills Bank debuts trading on the Colombo Stock Exchange
The shares of Cargills Bank Limited (CODE: CBNK-N-0000) commenced trading on the Colombo Stock Exchange (CSE) on 09th January 2024. The shares have been listed on the Main Board of the CSE under the ‘Diversified Banks’ sector. The occasion was marked with a special Bell Ringing Ceremony. The company’s Initial Public Offering (IPO) for 62.5 […]
”’ National Rating on watch positive
Fitch Ratings has maintained Sri Lanka Telecom PLC’s (SLT) ‘A(lka)’ National Long-Term Rating on Rating Watch Positive (RWP). The RWP reflects the potential rating upside from the removal of linkages with SLT’s parent, the Sri Lankan government (Long-Term Local-Currency Issuer Default Rating (IDR): CCC-), as the government is in the process of selling its 50. […]
FitsAir acquires approval for inflight catering
FitsAir, Sri Lanka’s leading low-cost airline, is proud to announce a significant enhancement to its service offerings by obtaining approval for inflight self-catering. This strategic move aligns with the airline’s vision to offer low-cost international travel. FitsAir’s Inflight Catering Services prioritise affordability and variety, providing passengers with wallet-friendly meal choices that won’t strain their budgets. […]
Japanese Finance Minister to visit Sri Lanka this week
Minister of Finance of Japan, Suzuki Shunichi will undertake an official visit to Sri Lanka from 11-12 January 2024. During the visit, Japanese Finance Minister is scheduled to have official discussions with President Ranil Wickremesinghe and Minister of Foreign Affairs Ali Sabry. Minister of Finance of Japan SUZUKI Shunichi and the delegation will visit Parliament, Jayawardene Centre, […]
Union Bank appoints Dilshan Rodrigo as Deputy CEO
Union Bank announces the appointment of Dilshan Rodrigo as the Deputy Chief Executive Officer with effect from 15 January 2024. Dilshan Rodrigo is a top banking professional with an impressive track record with over two decades of Banking experience. He last served as the Executive Director/Chief Operating Officer at Hatton National Bank (HNB), where he […]
Hambantota Port Sees 26-pct Surge in RO-RO Transshipment Volumes in 2023
On 30th December 2023, the Hambantota International Port (HIP) proved itself as the fastest growing RO-RO transshipment port in the region. With 700,000 transshipment vehicles handled, the port marked a significant 26% increase from 2022 figures. The milestone figure was achieved with Glovis vessel MV. HAE SHIN V.003B handling 3626 units for transshipment to Ulsan […]
CEAT goes Green in Sri Lanka with 2.4 MW solar power plant at Kelaniya
Sri Lanka’s top tyre maker CEAT Kelani Holdings has completed an investment of Rs 475.97 million in a High Tension (HT) metering roof-top photovoltaic panel solar power plant as part of the company’s efforts to reduce the carbon footprint of its manufacturing operations at its Kelaniya complex. The 2.4 MW solar power plant installed by […]
ComBank unveils evolved logo, symbolising commitment to sustainability
The Commercial Bank of Ceylon has begun 2024 by underlining its commitment to sustainability – symbolically as well as literally. The instantly-recognisable Commercial Bank logo in blue will hereafter also feature a green element, representing the Bank’s multifaceted commitment to sustainability, encompassing diversity, inclusivity, good governance, transparency, social equity, accountability and eco-friendly banking solutions, the […]
VIDEO INTERVIEW: Decision Makers in Sri Lanka – Dr. Kishu Gomes
“It does not make any economic sense for the country to send out 200 housemaids to bring back the value taken away by one single CEO and that is exactly what is happening in the country.” Dr. Kishu Gomes, Group Managing Director/CEO – Dreamron Group of Companies This video interview series will feature leaders who […]
Video Interview: Women in leadership – Sandra De Zoysa
In this women in leadership interview series, LBO will connect with some of the most successful female leaders and entrepreneurs in Sri Lanka, to uncover the tenacity of each woman leader, how they pushed boundaries and find balance to rise to the top of their industry. If you are an aspiring future leader, you will […]