Category: Industry
Ceylon Chamber expresses deep concern over continued delays in establishing Digital ID
The Ceylon Chamber of Commerce, together with industry stakeholders, stresses the vital importance of implementing a Digital ID system to propel the transformation of the Sri Lankan economy. As a foundational pillar of a Digital Economy, the Digital ID holds immense potential to play an integral role in reshaping economic revival, safeguarding vulnerable communities with […]
FitsAir celebrates one year of International Scheduled Passenger Services
FitsAir, the trailblazing privately-owned airline in Sri Lanka known for its affordability and punctuality, recently celebrated its one-year anniversary with great enthusiasm. This milestone marked a year filled with achievements, innovation, and a vibrant, youthful spirit. In just twelve short months, this dynamic airline has made a significant impact on Sri Lanka’s aviation industry while […]
WSO2 Ranked No. 5 In ‘Highest-Rated Cloud-Computing Companies to Work For’ List
WSO2, the leader in digital transformation technology, was recently recognized as one of the highest-rated cloud-computing companies to work for in the sixth-ever list released by Battery Ventures, the globally, technology-focused investment firm, created with data provided by Glassdoor. The list recognizes the top 25 private and top 25 public companies—all business-to-business (B2B) cloud-computing companies—where […]
CSE integrates with TradingView to facilitate advanced charting via MyCSE
The Colombo Stock Exchange (CSE) is proud to announce the integration of TradingView Technical Charts which facilitates advanced charting via MyCSE portal, to enhance investor experience with effect from 06 th October 2023. TradingView is the leading global provider of advanced charting and analytical tools. The facility is available in two forms as in real-time […]
Lower global growth forecasts for 2023 and 2024: IMF
The World Economic Outlook October Update says global growth is forecast to slow from 3.5 percent in 2022 to 3.0 percent in 2023 and 2.9 percent in 2024. The projections remain below the historical (2000–19) average of 3.8 percent, and the forecast for 2024 is down by 0.1 percentage point from the July 2023 Update […]
”; Outlook stable
Fitch Ratings has upgraded Ceylon Electricity Board’s (CEB) National Long-Term Rating and the rating on CEB’s senior unsecure debentures to ‘BB+(lka)’, from ‘B(lka)’. The Outlook is stable. The upgrade follows the 28 September 2023 upgrade of the Sri Lankan sovereign’s Long- Term Local-Currency Issuer Default Rating (IDR) to ‘CCC-‘, from ‘Restricted Default (RD)’. CEB’s ratings […]
CICT crowned best container terminal of its capacity in Asia for 7th consecutive year
Beats terminals in China, Indonesia and Thailand to win coveted AFLASaward in Under 4 million TEUs category Colombo International Container Terminals (CICT) has been declared the Best Container Terminal in Asia in 2023 in the Under 4 million TEUs category, winning the coveted title for the seventh consecutive year. CICT’s impressive triumph on the global […]
Eran exposes SL’s plight of human capital flight; Govt. not bringing any solution to preserve health sector
Eran Wickramaratne, Member of Parliament of the Samagi Jana Balavegaya, accused the government of not bringing any solution or alternative arrangements to preserve the health sector of the country as it asserts the right to life of the citizens. Though the health sector now faces a brain drain with increasing numbers of the sector fleeing […]
PwC Sri Lanka firms announce exit from PwC network, and their plans to join Deloitte network
The Sri Lanka firms of the PwC network have announced their decision to exit the network. The firms intend to join the Deloitte network, with effect from 28 October 2023. Further, it has been mutually agreed that PwC Sri Lanka will leave the PwC network as of 27 October 2023. The PwC network and the […]
Harsha proposes tax reforms to relieve burden on middle class and professionals
MP Harsha de Silva’s Tax Reform Proposal: Simplify PAYE tax structure and introduce surcharge.Surprising Revenue Figures: PAYE collection surpasses expectations, while PIT falls short.Inequality in Tax Burden: Current system disproportionately impacts middle-class professionals.MP’s Evidence-Based Approach: Proposed reforms aim to balance government revenue and reduce the tax burden.Combatting Tax Fraud: Efforts to address LKR 60 billion […]
Ceylon Tea promoted in Chile with 12 Sri Lankan Tea exporting companies
The Embassy of Sri Lanka in Brazil, which is concurrently accredited to the Republic of Chile, in collaboration with the Sri Lanka Tea Board organized ‘Sri Lanka pavilion’ with the participation of the twelve (12) Sri Lankan Tea exporting companies namely; Dilmah Ceylon Tea Company PLC, Millennium Teas (Pvt) Ltd, Shan Teas (Pvt) Ltd, TDK […]
Fitch Affirms Ratings on 15 Sri Lankan Banks; Removes Watch Negative; CBL on Negative Outlook
Fitch Ratings has affirmed Bank of Ceylon’s Long-Term Local-Currency Issue Default Rating (IDR) at ‘CCC-‘ and removed it from Rating Watch Negative (RWN). The Outlook is Stable. At the same time, Fitch has affirmed the National Long-Term Ratings of the following banks, removed them from RWN and assigned Stable Outlooks: BOC at ‘A(lka)’ People’s Bank […]