Category: Other
JKH records continued growth momentum in Q2
Sri Lanka’s John Keells Holdings PLC (JKH) reported continued growth momentum across almost all businesses in the second quarter, a statement showed. The Group revenue in 2Q was up by 20 percent to Rs.76.96 billion with increases across almost all businesses. JKH said the 687-key ‘Cinnamon Life’ hotel, restaurants and banquet facilities commenced operations on […]
Ramp Up 2024: WCIC’s fashion show focuses on empowering Sri Lankan designers
The Women’s Chamber of Industry and Commerce (WCIC) proudly announces ‘Ramp Up! 2024’, a significant fundraiser dedicated to empowering Sri Lankan female designers. Scheduled for 12th November at the Hilton Colombo, this event serves as a vital platform for showcasing the rich talents of local fashion designers and elevating their contributions to the industry. Following […]
CBL Munchee achieves BRC AA+ grade and GPEA ‘World Class’ recognition
Ceylon Biscuits Limited (CBL), Sri Lanka’s leading biscuit manufacturer and the proud owner of flagship brand Munchee, announces its remarkable achievement of securing the coveted BRCGS AA+ certification for the second consecutive year. In addition, CBL has been honored with the highly esteemed Global Performance Excellence Award (GPEA) ‘World Class’ status. Commenting on the achievement, […]
Rashmi Peiris Paranavitane, CFA takes over CFA Society Sri Lanka reins
CFA Society Sri Lanka (CFASSL), part of the global network of CFA Institute member societies leading the investment profession across 160 countries, announced the appointment of Rashmi Peiris Paranavitane, CFA, as its 11th President, following the Annual General Meeting held in Colombo. She succeeds Aruna Perera, CFA. A seasoned finance professional with over 18 years […]
TISL Raises Alarm Over Violation of Election Laws by Palmyrah Development Board
Transparency International Sri Lanka (TISL) has filed a formal complaint with the Election Commission of Sri Lanka (ECSL) regarding recent appointments made at the Palmyrah Development Board (PDB) in Jaffna, which appear to contravene current election laws. On October 10, Selvin Ireneuss Mariampillai was appointed as Chairman of the PDB. Just 12 days later, on […]
Eshan Pieris secures championship runner-up in GT World Challenge Asia 2024
The 2024 GT World Challenge Asia season concluded last month with a gripping finale at the Shanghai International Circuit, China. In a weekend filled with challenges and triumphs, Sri Lankan driver Eshan Pieris secured the runner-up position in the Silver Class championship. Pieris consistently showcased his talent and determination in the final race of the […]
CFA Charter – The Key to Unlocking Global Career Success
CFA Society Sri Lanka recently hosted an inspiring fireside chat and networking event titled “The CFA Program Advantage: Pathways to Career Excellence.” The event focused on the immense value that the CFA qualification provides to finance professionals and its role as a powerful career accelerator. Aruna Perera, CFA, President of CFA Society Sri Lanka, delivered […]
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Fitch Ratings has downgraded Kotagala Plantations PLC’s National Long-Term Rating to ‘CCC(lka)’, from ‘B+(lka)’, and its listed unsecured debentures of LKR251 million due between the financial years ending March 2025 (FY25) and FY27 to ‘CCC-(lka)’, from ‘B+(lka)’. The downgrade follows a major weakening in liquidity. We expect the statutory increase in labour costs effective September […]
Mangala Wijesinghe Assumes Duties as 16th Chairman of Sri Lanka Export Development Board
Mr. Mangala Wijesinghe officially assumed duties as the 16th Chairman of the Sri Lanka Export Development Board (EDB) on October 16 at the EDB headquarters. He initially joined Browns & Company 16 years ago. Upon assuming his new role, Mr. Wijesinghe addressed the staff of the Export Development Board: “We should diversify and focus more […]
UN Assistant Secretary General concludes visit; reinforces support to national development agenda
United Nations Assistant-Secretary-General (ASG), United Nations Development Programme (UNDP) Regional Director for Asia and the Pacific, Ms. Kanni Wignaraja met with President Anura Kumara Dissanayake and Prime Minister Dr. Harini Amarasuriya during her one day in-country mission yesterday. ASG Wignaraja was accompanied by Resident Representative of UNDP in Sri Lanka, Ms. Azusa Kubota. In her […]
CFA Society Sri Lanka Announces WindForce PLC as Subject Company for Research Challenge 2024/25
CFA Society Sri Lanka is pleased to announce that WindForce PLC has been selected as the subject company for its 18th annual CFA Institute Research Challenge Sri Lanka 2024/25. The CFA Institute Research Challenge is an annual global competition that promotes best practices and ethical standards in equity research among university students, offering them invaluable […]
MTI to develop Strategy for Rwanda’s FDIs, Tourism, and Exports in Collaboration with RDB
Following a competitive international pitch, MTI Consulting has been selected by the Rwanda Development Board (RDB) to develop its 5-year Strategic Plan. The Rwanda Development Board (RDB) is a government agency with a vision to transform Rwanda into a dynamic global hub for business, investment, and innovation. Its mission is to fast-track economic development in […]