Port City Colombo signs MoU with Trace Sri Lanka to grow tech industry
Port City Colombo has taken a further step towards establishing itself as a pivotal technology hub in the region by entering into a formal partnership with …
Industry
Fitch Rates DFCC Bank’s Proposed First Green Bond ‘A- (EXP)(lka)’
Fitch Ratings has assigned DFCC Bank PLC's (A-(lka)/Stable) proposed Sri Lankan rupee-denominated senior unsecured listed green bonds of up to LKR2.5 billion …
SLPA fire fighters completely control fire in the vessel at POC
Fire fighters of the he Sri Lanka Ports Authority (SLPA) Fire Brigade successfully extinguished the fire that broke out yesterday (11) in a ship at the …
WISTA hosts Karen Leong for keynote on transformative leadership
In a rapidly evolving world marked by technological advancements, geopolitical uncertainties, shifting customer expectations, and significant workplace …
Teejay knits resilient start to 2024-25 with profit turnaround in Q1
Strategic responses to challenges facing the textile manufacturing industry have generated a positive start to 2024-25 for Teejay Lanka PLC, Sri Lanka’s …
LKNOG Conference 2024 Set to Advance Sri Lanka’s Network Infrastructure Expertise
In today's digital world, computer networks are the backbone of our interconnected society. The LKNOG (the Lanka Network Operators Group) Conference serves as …
Opinion: The impact of RPCs on Sri Lanka’s economy and environment
Senaka Alawattegama, Chairman, Planters’ Association of Ceylon Despite challenges like COVID-19 and economic crises, Sri Lanka's plantation industry …
CEAT car radials chosen as Original Equipment for Hyundai Grand i10 assembled by Abans Auto
CEAT has been chosen as the original equipment tyre for the 2024 Hyundai Grand i10 assembled, sold and serviced in Sri Lanka by Abans Auto, clinching another …
ADB approves USD100Mn policy-based loan support for power sector reforms in Sri Lanka
The Asian Development Bank (ADB) and the Government of Sri Lanka signed a loan agreement for US$100 million on Monday (5 August 2024) for subprogram 1 of a …
Fitch Assigns Hatton National Bank’s Basel III Subordinated Debt Final ‘BBB+(lka)’
Fitch Ratings has assigned Hatton National Bank PLC's (HNB, A(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of …
Sunshine Holdings sustains growth momentum in 1QFY25
Diversified conglomerate Sunshine Holdings PLC (CSE: SUN) continued demonstrating resilience amidst prevailing macroeconomic conditions, reporting a topline …
CameraLK Unveils New Sony Service Center with Specialized Repair Solutions
CameraLK, Sri Lanka's leading camera retail giant, recently unveiled its brand-new CameraLK Service Center at 244 High Level Rd, Colombo 05. This …
Private Sector Companies Awarded Authorised Economic Operator Status
Thirty-one private sector companies were awarded the prestigious AEO Tier 1 status at a Sri Lanka Customs awarding ceremony on 30 July at the NH Collection …
Applications are now open for Presidential Export Awards 2023/24
The Sri Lanka Export Development Board (EDB) is pleased to announce that applications are now open for the Presidential Export Awards (PEA) 2023/24. The PEA …
Sri Lanka CCPI based headline inflation up by 2.4-pct in July 2024
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100) was recorded at 2.4 percent in July …
Central Bank of Sri Lanka publishes its inaugural market operations report
The Central Bank of Sri Lanka (the Central Bank) released its inaugural Market Operations Report (MOR) with the aim of enhancing awareness and knowledge among …
Offshore banking regulations gazetted for banks set to operate at Port City Colombo
Port City Colombo announced that two regulations, Offshore Banking, and Offshore Banking -- Prudent Management and Confidence, have been gazetted for …
Signing of MoU between ACCA and the CSE to increase financial literacy in Sri Lanka
The Association of Chartered Certified Accountants (ACCA) and the Colombo Stock Exchange (CSE) signed a Memorandum of Understanding (MoU) recently to establish …
Port City Economic Commission Act to be amended to enhance global competitiveness
The Cabinet of Ministers has approved the proposal presented by the President in his capacity as the Minister of Investment Promotion to instruct the …
JKH records EBITDA of Rs.7.7Bn in Q1 2024/25, down 13-pct from year ago
Summarised below are the key operational and financial highlights of our performance during the quarter under review: Group EBITDA in the first quarter of …