Category: In Pictures
Visa celebrates 30 years of digital payments in Sri Lanka
Visa, the global leader in digital payments technology, today completed 30 years of operations in Sri Lanka since commencing operations in 1988. Continuing its pioneering efforts to build awareness for digital payments in Sri Lanka, Visa celebrated the milestone by announcing initiatives to promote digital access, and digital and financial literacy across rural communities through […]
Fitch revises Rating Watch on Melsta Regal Finance to Evolving from Negative
Fitch Ratings has revised the Rating Watch on Melsta Regal Finance Ltd’s (MRF) National Long-Term Rating of ‘A+(lka)’ to Evolving from Negative. The rating action follows the announcement dated 2 April 2018 that a consortium led by Fairfax Financial Holdings Limited of Canada (Fairfax) will acquire 100% of the equity in Sri Lanka-based MRF from […]
Johann Peries confident of his 2nd attempt to scale Mount Everest
Months of physical and mental preparation have culminated in the departure of a brave son of Sri Lanka, Johann Peries, on his second attempt to scale Mount Everest.Setting off for the two-month expedition, Johann hopes to be successful on this attempt to scale Mount Everest and make his country proud. Johann Peries and Jayanthi Kuru-Utumpala […]
IFC invests USD15mn in Senkadagala Finance to help women entrepreneurs
IFC, a member of the World Bank Group, is investing $15 million in Senkadagala Finance PLC to help the company expand access to finance for women entrepreneurs across Sri Lanka. This loan is part of the Women Entrepreneurs Opportunity Facility (WEOF), launched by IFC through its Banking on Women (BOW) program, and Goldman Sachs 10,000 […]
‘s Dialog Axiata at AAA(lka); outlook stable
Fitch Ratings-Singapore/Colombo- 4 April 2018: Fitch Ratings has affirmed Sri Lanka-based telecom company Dialog Axiata PLC’s National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable. KEY RATING DRIVERS Market-Leading Position: Dialog’s standalone credit profile of ‘AAA(lka)’ is underpinned by its market leadership in the growing mobile and pay-TV industry segments. We believe the company is […]
ODEL launches bold & colourful ‘Printastic’ Summer 2018 collection
(PRESS RELEASE) – If summer is the season to get out there and make a statement, ODEL’s exciting summer collection is designed to set its shoppers apart in their choice of clothing and accessories. Tribal prints, splotches of bold colour and ethnic designs distinguish ODEL’s ‘Summer 2018’ collection aptly named ‘Printastic.’ Inspired by anthropological prints […]
Blue Ocean Group of Companies has grown into versatile conglomerate
Blue Ocean Group of Companies Blue Ocean Group of Companies has grown into a versatile conglomerate over the years. The evolution of the group is significant because the Group has achieved growth and profit harmoniously and not by taking part in the aggressive competition in the field. Blue Ocean Group of Companies engage in Real […]
CSE & National Stock Exchange of India sign MoU to advance collaboration
The Colombo Stock Exchange (CSE) and the National Stock Exchange of India Limited (NSE) have signed a memorandum of understanding (MoU) focused on exploring opportunities to work together and co-operate with each other to foster a deeper and more strategic relationship. The MoU was signed at the CSE today by CSE Chairman Mr. Ray Abeywardena […]
Ceylon Dollar Bond Fund opens its doors to local investors
Ceylon Dollar Bond Fund (CDBF) investing in Sri Lanka Development Bonds (SLDBs), Dollar Sovereign and Bank Bonds, is now eligible to accept investments from any local individual or company. All Personal Foreign Currency Account (PFCA) holders (formerly NRFC, RFC, RNNFC, SFIDA etc.) or Business Foreign Currency Account (BFCA) holders (formerly FEEA, Exporter’s Foreign Currency Accounts […]
Digital Innovation Fund selects first phase of investments into startups
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, has selected new media platform, Roar, insurance broker, InsureMe and integrated healthcare platform MyDoctor.lk as its first phase of investments. The Digital Innovation Fund managed by BOV Capital, marks a definitive shift to foster startups and build further on the business capabilities of digital technology and talent […]
Sri Lanka records 4-pct unemployment rate in 4Q 2017
The Department of Census and Statistics (DCS) Sri Lanka has released the results of the Sri Lanka labour force survey for the fourth quarter of 2017 (October, November, December).Labour Force Survey (LFS) is designed to measure the levels and trends of employment, unemployment and labour force in Sri Lanka. This survey has been conducted quarterly, […]
‘s Basel III sub-debt issue final A-(lka)
Fitch Ratings has assigned Nations Trust Bank PLC’s (NTB, A(lka)/Stable) Sri Lanka rupee-denominated proposed Basel III-compliant subordinated unsecured debentures a final National Long-Term Rating of ‘A-(lka)’. The final rating is the same as the expected rating assigned on 16 October 2017 and follows the receipt of documents conforming to information already received. The debentures, totalling […]