Category: Industry
Baurs partners with Swiss Government to uplift hospitality education & bridge skills gap in Sri Lanka
With the view of uplifting the hospitality education sector in Sri Lanka, the Swiss Hospitality & Management Academy (SHMA) of A. Baur & Co. Pvt Ltd. also known as Baurs, a leading conglomerate with diversified business interests, recently established a private and public sector partnership with the Swiss Agency for Development and Cooperation (SDC). The […]
Introducing new types of visas for Colombo Port City
The Cabinet of Ministers has approved a proposal presented by the Minister of Public Security to take necessary steps to introduce several visa categories for Colombo Port City based on the recommendations of the Colombo Port City Commission. Investor visa category for investors under the residence visa category Employee visa category for employees CPC Residential […]
Uber turns Seven in Sri Lanka, Covers over 555 million km in Trips
Uber completed seven years of operations in Sri Lanka and shared some interesting numbers as it touched a new milestone. In its seven years of operations, Uber has completed over 555 million kilometers in Uber trips around the island nation. That’s enough kilometers to travel to the moon from Earth and back 725 times! With […]
Ajlan and Bros Holding Group to Jointly Develop Port City Colombo with CHEC as Strategic Partner
Ajlan and Bros Holding Group (or Ajlan in short) is one of the largest comprehensive conglomerate holding group in the Middle East, Ajlan has established its presence in more than 25 countries around the world, with 75 companies in the fields of power, environment, industrial manufacturing, healthcare, tourism, technology, retail, real estate, garments and textiles, […]
Apptimus Tech, Jaffna’s software firm from bedroom to 7,000 square feet in 5 years
By Jekhan Aruliah The Yarl Geek Challenge has a strong record as nursery for tech startups. By 2022, its 11th season, YGC alumni have started more than 60 companies employing hundreds of people. This doesn’t include those who emerge from these companies to setup their own startups. Yes It’s great when competitions and colleges give […]
Advantis Projects speeds ahead with delivery of SL’s largest tunnel boring machines
Sri Lanka’s undisputed leader in project logistics and heavy cargo transportation, Advantis Projects, a subsidiary of Hayleys Advantis Limited, is swiftly moving ahead with the delivery of two of the largest Tunnel Boring Machines (TBM) ever to be deployed in the island. This operation will help expedite the progress of one of the nation’s most […]
Sri Lankan industry leaders explore sustainable energy future
Leaders from across the industry, civil society, finance and academia met in Colombo recently to explore short and long-term energy solutions amidst Sri Lanka’s worst-ever energy crisis. With Sri Lanka’s industrial sector among the largest consumers of costly imported fossil-fuels, more than 100 participants heard from experts and shared their insights into how this economically […]
‘s Best Option
December 13, 2022 (LBO) – Casinos in Sri Lanka have always been a subject of controversy, but also one that has transformational economic potential. With no casino industry of scale in South Asia, Sri Lanka has a unique opportunity to be the regional dominant player in an important industry. Casino gaming comes with a host […]
Sampath Bank partners with Dialog to introduce eZ Banking
In an effort to triple its customer touch points and add unparalleled levels of banking convenience to its valuable customers, Sampath Bank has taken a significant step in the Agent Banking Model by entering an agreement with Sri Lanka’s largest mobile network operator Dialog Axiata PLC to introduce eZ Banking. With the opening of this […]
Union Assurance records total net revenue growth of 33-pct to Rs.6.95Bn in third quarter of 2022
Union Assurance, Sri Lanka’s trailblazing Life Insurer, achieved impressive financial growth in Q3 2022 despite challenging market conditions. Union Assurance (UA) rallied to become the second largest regular new business premium producer in the third quarter. Among the top 5 players in the industry, UA was one of the only two companies to record positive […]
Hambantota International Port surpasses half a million mark of RORO cargo
Hambantota International Port reached the milestone of handling 500,000 RORO cargo units in 2022 this November, with the discharging of 4302 units from Hyundai Glovis’ Hae Shin to the yard for transshipment. This year, 223 RORO vessels called at the port with cargo from India, South Korea, Japan and the Middle East for transshipment mainly […]
‘s Local Currency IDR to CCC-; Maintains RWN
Fitch Ratings has downgraded Bank of Ceylon’s (BOC) Long-Term Local-Currency Issuer Default Rating (IDR) to ‘CCC-‘ from ‘CCC’ and maintained it on Rating Watch Negative (RWN). At the same time, Fitch has affirmed BOC’s Long-Term Foreign-Currency IDR and Short-Term IDR at ‘RD’, Viability Rating (VR) at ‘f’ and Government Support Rating at ‘ns’. BOC’s National […]