Category: Industry
‘s illicit markets
Research Intelligence Unit (RIUNIT) continues its groundbreaking efforts in shedding light on critical policy matters concerning Sri Lanka’s economic landscape. Their latest series of reports highlights the significance of illicit markets that operate within and beyond the island’s borders. Focused on combating illicit markets and their impact on the nation’s economy, RIUNIT’s latest policy papers […]
Gavinro Investments introduces Sri Lanka’s first 300KM range EV commercial vehicle
Gavinro Investments, a distinguished player in the automotive space for over four decades, has joined hands with Sokon Singapore, a global leader in electric commercial vehicles to launch Sri Lanka’s first 300KM Range Electric Commercial Vehicle with a payload of 1.2 tonnes. The joint venture is founded on the shared vision of supporting the Sri […]
Air Arabia launches direct flights from Abu Dhabi to Colombo
Strengthening the connectivity between Sri Lanka and the UAE, Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier launched its first direct flight from Abu Dhabi to Colombo on Friday, 08 December 2023 from the Abu Dhabi International Airport. Air Arabia will now operate direct flights between Abu Dhabi and Colombo […]
Asia-Pacific Human Development Report calls for new directions to address rising inequality, climate change, and economic headwinds
The narrative of human development in Asia and the Pacific has been one marked by advancement, inequality, and unforeseen challenges. Against this backdrop, the launch of the United Nations Development Programme (UNDP)’s 2024 Asia-Pacific Human Development Report in November, represents a crucial step in revitalizing human development amidst a complex landscape of growth. Nationally, the […]
‘s build a new country together: Eran
Eran Wickramaratne MP alleged that foreign investors do not come to this country not because of the lack of tax incentives, but because the country’s laws are not properly implemented. He said that the fact that Sri Lanka is ranked 99th in the international index of ease of doing business and 164th in the enforcement […]
ComBank raises Rs 12 bn. as Debentures are snapped up on opening day
The Commercial Bank of Ceylon has raised Rs 12 billion in capital with its Debenture issue closing after over subscription on its opening day, Tuesday 12th December 2023. The Bank offered an initial issue of 60 million Basel III Compliant – Tier 2 Listed Rated Unsecured Subordinated Redeemable Debentures with a Non-Viability Conversion feature, at […]
Sri Lanka Streamlines Renewable Energy Project Approval Process
In a move to accelerate the implementation of renewable energy projects and meet ambitious national climate targets, the Sri Lankan government has announced a new streamlined approval process. The Cabinet of Ministers, at a meeting on November 20th, 2023, approved the proposal presented by the Minister of Power and Energy to establish a combined standing […]
X-Venture Introduces Xapi: The Ultimate Solution to Streamline API Design
X-Venture, a pioneering IT firm based in Sri Lanka, has just launched their flagship product ‘Xapi’, a revolutionary API design platform tailored for companies seeking for standardized and efficient API design process. In today’s tech-driven world, Application Programming Interfaces (APIs) play a vital role in connecting diverse software systems and enabling seamless communication between them. […]
Port City Colombo in round table discussion at Commonwealth Trade and Investment Summit
Port City Colombo (PCC) showcased its commitment to sustainable development and global economic cooperation at the third Commonwealth Trade and Investment Summit (CTIS) held in London recently. CTIS, known for bringing together senior business leaders and ministers from across the Commonwealth’s five regions, provided an ideal platform for PCC to engage in critical discussions on […]
Virtusa host CMO in Sri Lanka and discusses of transformation across HR, brand, technology and sales
Virtusa, the global provider of digital engineering solutions hosted Brian Jochum, the company’s Chief Marketing Officer and a member of the Global CXO team in Sri Lanka recently. During hismvisit, Jochum visited the Virtusa offices in Sri Lanka, met with the local leadership and addressed the media at an outreach event. Jochum’s visit to Sri […]
Microsoft 2024 Imagine Cup launches in Sri Lanka Offering students, a platform for AI-innovation
Microsoft Imagine Cup, the global technology startup competition for visionary student entrepreneurs harnessing the power of Microsoft AI, has announced its launch in Sri Lanka for 2024. Microsoft’s Imagine Cup is in its 22nd year. The competition, which offers the opportunity to develop a technological solution to address some of today’s most pressing local and […]
”; Outlook Stable
Fitch Ratings has downgraded Singer Finance (Lanka) PLC’s (SFL) National Long-Term Rating to ‘BBB(lka)’ from ‘BBB+(lka)’. The Outlook is Stable. Fitch has also downgraded SFL’s outstanding senior unsecured debt to ‘BBB(lka)’ from ‘BBB+(lka)’, and the outstanding subordinated unsecured debentures to ‘BB+(lka)’ from ‘BBB-(lka)’.