Category: Industry
Sri Lanka – United Kingdom Chamber of Commerce holds first AGM
The Sri Lanka – UK Chamber of Commerce held its first Annual General Meeting at the Sri Lanka High Commission in London on 12 January 2023 under the patronage High Commissioner of Sri Lanka to the United Kingdom Saroja Sirisena. The Sri Lanka – UK Chamber of Commerce was launched on 26 October 2021 in […]
‘ ratings; Maintains RWN
Fitch Ratings has downgraded the National long-term ratings of five Sri Lankan finance and leasing companies (FLCs) after the recent sovereign downgrade and recalibration of the agency’s Sri Lankan National Rating scale. The FLCs’ ratings remain on Rating Watch Negative (RWN). The downgrades follow similar action on 10 Sri Lankan banks. (For details, see “Fitch […]
Delegation of UAE investors visits Port City
A delegation of investors from the United Arab Emirates, led by His Royal Highness Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum, visited Port City Colombo on the 14 th of January 2023, during a special visit to Sri Lanka for the purpose. Discussions were held between the members of the delegation, representatives from the […]
Milinda Moragoda discusses priority areas for cooperation with India’s national security advisor
Sri Lanka’s High Commissioner to India Milinda Moragoda met with the National Security Advisor of India Shri Ajit Kumar Doval, on 16 January and discussed matters pertaining to India-Sri Lanka relations. The discussion focused on mutual strategic interests of the two countries and priority areas for cooperation. The meeting took place as part of the […]
Ombudsmen of Sri Lanka and Türkiye signs bilateral cooperation MoU
On the sidelines of the International Ombudsman Conference 2023, the Office of the Parliamentary Commissioner for Administration (Ombudsman) of Sri Lanka and Ombudsman Institution of Türkiye has entered into Memorandum of Understanding (MoU) recently in Ankara. The Memorandum of Understanding between the Office Ombudsman of Sri Lanka and Ombudsman Institution of Türkiye was signed in the presence […]
SLT-MOBITEL revolutionises customer experiences with launch of mAgent initiative
Echoing its leadership in revolutionising customer experiences with innovative, sustainable solutions, SLT-MOBITEL, The National ICT Solutions Provider, announced the launch of ‘mAgent’, an exclusive first-of-its-kind frontline service deployed to assist customers from across Sri Lanka through personalised service at their doorstep. With the launch of mAgent, both Fixed and Mobile users will be able to […]
Fitch downgrades National Long-Term Ratings of 10 Sri Lankan banks
Fitch Ratings has downgraded the National Long-Term Ratings of 10 Sri Lankan banks following the recent sovereign downgrade and recalibration of the agency’s Sri Lankan national rating scale. The recalibration is to reflect changes in the relative creditworthiness among Sri Lankan issuers following Fitch’s downgrade of Sri Lanka’s Long-Term Local Currency Issuer Default Rating (IDR) […]
Courtyard By Marriott Debuts In Sri Lanka With The Opening Of Courtyard By Marriott Colombo
Courtyard by Marriott, part of Marriott Bonvoy’s extraordinary portfolio of 30 brands, today announced the opening of Courtyard By Marriott Colombo, making it the first Courtyard to open in Sri Lanka. Located at the heart of the city’s central business district adjacent to the Colombo City Centre Mall, Courtyard by Marriott Colombo is set to […]
Establishment of an export-oriented petroleum refinery in Hambantota
The Cabinet of Ministers has approved a proposal presented by the Minister of Power and Energy to call for expressions of interest to select a suitable investor for the establishment of a petroleum refinery near Hambantota. It has been identified that there is a high potential for the establishment of an export-oriented petroleum refinery and […]
French collaboration for capacity building in the Sri Lankan Rubber industry
The Ministry of Plantation Industries of Sri Lanka entered into a Memorandum of Understanding with a French expert in the rubber industry, KSAPA, for capacity building of Rubber Smallholders in Sri Lanka. A Memorandum of Understanding (MOU) between the Ministry of Plantation Industries of Sri Lanka and KSAPA was finalised with KSAPA Managing Director, Raphael […]
AmCham and USAID collaborates with SLINTEC to accelerate growth of renewable sector
Sri Lanka Institute of Nanotechnology (SLINTEC), the first public-private research institute in Sri Lanka and the pioneer in nano and advanced technology research in the country, recently concluded two successful discussions and visits with AmCham and USAID, to initiate collaborations where they will work with both organizations to contribute towards the innovation and growth of […]
Calling for EOIs for starting business activities using facilities at Mattala Airport
The cabinet nod has been received to invite expressions of interest from investors and strategic entrepreneurs in direct and indirect aviation-related enterprises to carry out aeronautical and non-aeronautical businesses at the Mattala Rajapaksa International Airport. According to the layout, there is potential to transform the airport into a multi-purpose business center by implementing business opportunities […]