Category: Other
Effect of US Election Outcome on Sovereign Credit Profiles Will Vary: Fitch Ratings
The re-election of Donald Trump as US president, supported by likely Republican majorities in both houses of Congress, will have ramifications for many sovereign credit profiles, but the scale of any effects on ratings will ultimately depend on the policies pursued by his administration, says Fitch Ratings. We believe the key channels of influence for […]
Sri Lanka elected Vice President of International Solar Alliance Standing Committee (Asia–Pacific Group)
Sri Lanka, together with Australia, was elected by acclamation to the post of Vice President of the Standing Committee (Asia–Pacific Group) during the Seventh Session of the International Solar Alliance (ISA) Assembly held in New Delhi on 04 November 2024. By virtue of this post, Sri Lanka will also be the Chair of the Regional […]
Aitken Spence Logistics Triumphs with 5 Prestigious Wins at SLFFA National Logistics Awards
Aitken Spence Logistics showcased its enduring excellence and industry leadership at the prestigious SLFFA National Logistics Awards (NLA) 2024, winning five notable awards that reinforce its reputation for quality, innovation, and service excellence in Sri Lanka’s logistics sector. Organized by the Sri Lanka Logistics and Freight Forwarders Association (SLFFA), the NLA is one of the […]
Hemas Holdings Boosts Profitability through Efficiency in a Challenging Market
Hemas Holdings PLC reported a cumulative revenue of Rs. 54.4 billion, with operating profits of Rs. 5.0 billion and earnings of Rs. 2.5 billion. The decrease in revenue compared to same period last year was a result of cautious consumer spending accompanied by several strategic downward price adjustments, particularly in the Consumer Brands segment. However, […]
VIDEO: Trump projected winner of 2024 presidential election (FULL SPEECH)
Donald Trump spoke from his election night watch party in West Palm Beach, Florida, after FOX News called the presidential election for Trump.
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 […]