Category: Industry
Colombo Port City Economic Commission Welcomes Three Major Sri Lankan Commercial Banks
The Colombo Port City Economic Commission (the Commission) is pleased to announce that three of Sri Lanka’s leading commercial banks—Commercial Bank, Hatton National Bank (HNB), and Sampath Bank—have been issued an Authorized Persons (AP) license from the Colombo Port City Economic Commission. This significant development marks a major milestone in the development of the Colombo […]
99x achieves ISO 27001:2022 certification, reinforcing commitment to information security
99x announces its successful achievement of the ISO 27001:2022 certification, a globally recognized standard for Information Security Management Systems (ISMS). This accreditation underscores 99x’s unwavering commitment to ensuring the highest standards of information security, maintaining the confidentiality, integrity, and availability of data across all its operations. The ISO 27001:2022 certification is a testament to 99x’s […]
‘s Tourism sector: RIUNIT report
The Research Intelligence Unit (RIUNIT) has released a comprehensive report shedding light on the current state of the Sri Lankan Travel and Tourism sector. Despite the challenges posed by the global COVID-19 pandemic and subsequent economic crises, the data reveals promising trends in tourist arrivals and spending, indicating a gradual recovery in the industry, paving […]
Navigating Sri Lanka economic crossroads: MP Harsha
In a press conference held recently at the Leader of the Opposition’s office, Member of Parliament, Dr. Harsha de Silva provided crucial insights into the current state of Sri Lanka’s economy. Central to the discussion were key developments surrounding the International Monetary Fund (IMF), challenges faced by the nation, and the imperative need for global […]
Launch of CSE sustainability reporting guide and awareness session
The Colombo Stock Exchange (CSE), in collaboration with the Global Reporting Initiative (GRI), developed the 3rd version of the sustainability reporting guide, which was ceremonially launched today at the Market Opening Bell Ringing ceremony held at the trading floor of the CSE. The publication is now available at www.cse.lk. Delivering the keynote address at this […]
Relations between Sri Lanka and EU reviewed in Brussels
The Ambassador of Sri Lanka to the European Union Grace Asirwatham, who is completing her tour of duty in Brussels by the end of December 2023, had a farewell meeting with Paola Pampaloni, Deputy Managing Director of the Asia Pacific Department of the European External Action Service (EEAS), on November 28, 2023. During the meeting, […]
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Fitch Ratings has assigned DFCC Bank PLC’s (A-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to LKR8 billion a final National Long-Term Rating of ‘BBB(lka)’. The final rating is the same as the expected rating assigned on 19 October 2023 and follows the receipt of documents conforming to information already received. The […]
‘s IDRs; Places Viability Rating on Rating Watch Negative
Fitch Ratings has placed Bank of Ceylon’s Viability Rating (VR) of ‘cc’ on Rating Watch Negative (RWN). At the same time, Fitch has affirmed BOC’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘CC’. The rating does not carry an Outlook because of the potential for high volatility at this rating level, in line with Fitch’s […]
Oil palm industry, SLAAS and NSF are advocating for a reevaluation of policy by Govt of SL on the industry
The Sri Lanka Association for the Advancement of Science (SLAAS) and the National Science Foundation (NSF) hosted a workshop to review the policy on Oil Palm Cultivation in Sri Lanka. The workshop was held under the patronage of the Asia Palm Oil Alliance (APOA) and Solidaridad Asia, and coordinated by Nucleus Foundation. In April 2021, […]
‘s raw talent into IT professionals
By Jekhan Aruliah For all its catastrophic consequences COVID-19 lockdowns at least had a silver lining for Sri Lanka’s towns and cities beyond the Western Province. Thousands of staff returned from Colombo to hometowns across Sri Lanka to be locked-down with their families. Many sadly lost their jobs, as their work required their physical presence […]
ComBank’s Rs 6 billion Debenture Issue to open on 12th December
The Colombo Stock Exchange (CSE) has approved in principle the listing of Commercial Bank of Ceylon’s Rs 6 billion Debenture Issue opening on Tuesday 12th December 2023. The Bank has announced 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 Economic Summit 2023 kicks off
The Ceylon Chamber of Commerce will host the Sri Lanka Economic Summit 2023 on November 28th and 29th at the Shangri-La Hotel, Colombo, with President Ranil Wickremesinghe attending as the Chief Guest. The inauguration will also feature a Keynote Address and Fireside Chat with Montek Singh Ahluwalia, Deputy Chairman of the Planning Commission of India […]