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Motherஸ்ரீ ලංකා celebrates 12 years of supporting local entrepreneurship
The Motherஸ்ரீ ලංකා (MSL) movement was started in 2008 by the Mother Sri Lanka Trust and its dynamic Chairperson Dr. Janaki Kuruppu and is a non-profit, independent charity using a unique operational model of private funding, public sector infrastructure and managed by a group of patriotic, dedicated passionate individuals from the public, private and non-profit […]
Fitch Ratings no longer provides ratings or analytical coverage of Ceat Kelani Holdings
The international credit rating agency, Fitch Ratings said that they no longer provide ratings or analytical coverage of Ceat Kelani Holdings. In a response to the publication of the private rating letter by Kelani Tyres PLC on 26 March 2021, the rating agency said that the previous rating was expired on 1 March 2021. Fitch […]
South Asian economies bounce back but face fragile recovery: World Bank
Prospects of an economic rebound in South Asia are firming up as growth is set to increase by 7.2 percent in 2021 and 4.4 percent in 2022, climbing from historic lows in 2020 and putting the region on a path to recovery. But growth is uneven and economic activity well below pre-COVID-19 estimates, as many […]
Vietnam to support investment and trade promotion in Sri Lanka
The newly appointed Ambassador of the Socialist Republic of Vietnam Ho Thi Thanh Truc to Sri Lanka presented her credentials to President Gotabaya Rajapaksa at the Presidential Palace yesterday (30). President Rajapaksa and the new Vietnamese Ambassador thereafter exchanged views on the current status of bilateral relations and the development of future cooperation between the […]
Sri Lanka – Korea Business Council hosts session on Post Covid Investment Opportunities
A dinner meeting was held by Sri Lanka – Korea Business Council of the Ceylon Chamber of Commerce on 25th March 2021 at Waters Edge. The Guest speaker was Dr. Nalaka Godahewa, State Minister of Urban Development, Coast Conservation, Waste Disposal & Community Cleanliness. The Minister spoke on new developments and investment opportunities in Urban […]
US-based Blackstone Group acquires 56.5-pct of Piramal Glass
US-based private equity major Blackstone Group has acquired a 56.5 percent stake of Piramal Glass Ceylon PLC. The acquisition price implies a total enterprise value of 13.9 billion rupees for the target company. Asia Securities Advisors (Pvt) Ltd. acted as the buy-side advisor and Asia Securities (Pvt) Ltd acted as the executing stockbroker to the […]
China-SL leaders agree to strengthen bilateral relations in all sectors
Port City & Hambantota port projects to be expedited … Continuous support to Sri Lanka in international fora … President invited to visit China again In a telephone conversation yesterday (29), President Gotabya Rajapaksa and the President of China Xi Jinping agreed to strengthen and enhance mutually beneficial bilateral cooperation in all fields. The Chinese […]
Dialog Axiata’s Genie reaches Rs.10Bn worth transactions by 2021
Powered by Dialog Axiata PLC (“Dialog”), Genie, Sri Lanka’s first PCI-DSS-certified payment app has cemented a major milestone moment on its journey in establishing itself as the biggest payment processing network in Sri Lanka through the achievement of over Rs. 10 billion worth transactions. With more and more customers falling reliant on smart devices, Genie […]
CEAT Kelani announces 125-pct increase truck bus radial tyre production
Phase 1 to see production increase of 65% Phase 2 to increase capacity by 125% by June CEAT Kelani Holdings has announced another significant increase in production that will more than double the number of Truck Bus Radial (TBR) tyres reaching the domestic market by June this year, further supporting the national effort to reduce […]
VIDEO: Cargo ship freed from Suez Canal, but shipping backlog could last
The huge cargo ship stuck in the Suez Canal, blocking it for nearly a week, has been set free. While the online fascination may soon fade, the shipping backlog could take a little longer.