Tag: lbo
WealthOS successfully raises £4Mn with institutional investors Barclays
WealthOS, a UK-based cloud-native wealth management platform founded by two Sri Lankan entrepreneurs and with product and engineering operations in Sri Lanka, recently secured £4 million in seed funding led by Barclays Bank. In addition to Barclays, WealthOS also garnered investment from Main Set, a division of the international investment firm Capricorn Capital Partners UK […]
Nobel Biocare launches in SL, Bringing advanced dental implant solutions with Delmege Healthcare
Nobel Biocare, a global leader in innovative implant-based dental restorations, is thrilled to announce its official launch in Sri Lanka. This marks the first time our prestigious brand, renowned for its rich history and deep clinical expertise, will be available in this dynamic market. As a pioneer in implantology, Nobel Biocare is excited to be […]
”’
Fitch Ratings has assigned Commercial Bank of Ceylon PLC’s (COMB, A(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III- compliant subordinated debentures of up to LKR20 billion a final National Long-Term Rating of ‘BBB+(lka)’. The final rating is the same as the expected rating assigned on 15 February 2024 and follows the receipt of documents conforming to […]
Advocata welcomes economic transformation Bill
The Advocata Institute welcomes the government’s stated intention to move from an inward-oriented economy to a more open economy to boost international trade, foreign investment and productivity. The Sri Lankan government has gazetted the Economic Transformation Bill to overhaul the country’s economic landscape. This ambitious Bill aims to create a more competitive, export-oriented, and digitally-driven […]
IORA Biz Conclave 2024 spurs trade and strategic MOUs
The Indian Ocean Rim Association (IORA) Business Conclave 2024, held from May 28th to 29th facilitated trade and investment across the Indian Ocean Rim region by yielding strategic MOUs and promoting international industry engagement. Organised by the Ceylon Chamber of Commerce in collaboration with the Ministry of Foreign Affairs Sri Lanka, the Conclave brought together […]
”s proposed wage hike for plantation sector workers
The plantation industry raised its strongest possible objections to the Government’s arbitrary, reckless, unilateral decision to drastically hike minimum wages for tea and rubber sector workers by an unprecedented 70%. All producer stakeholders issued a unified warning against the devastating impact the latest increase will have on the plantation sector, leading crippling operational challenges, ultimately […]
Siddhalepa takes Ayurveda to UAE
Siddhalepa, the Ayurveda-based wellness brand, unveiled its presence in the Middle East, particularly in the United Arab Emirates. This auspicious occasion celebrated recently, at the Pullman Hotel, Diera, Dubai, signifies a new era of holistic wellness in the region. The launch event commenced with a warm welcome address by Shihan Sherif, representee of the Sri […]
Sampath Bank reports Q1 results: PAT of Rs3.4Bn
Sampath Bank posted a profit before tax (PBT) of Rs 6.2 billion and a profit after tax (PAT) of Rs 3.4 billion for the three months ended 31st March 2024, notwithstanding an exchange loss of Rs 4.3 billion due to the appreciation of the LKR against the USD by Rs 23.70. These figures signify growth […]
Advocata hosts: Charting the course: Revitalizing economic governance for prosperity
In an effort to address the ever-evolving landscape of global governance, an esteemed gathering of thought leaders from diverse backgrounds will convene for the “Charting the Course: Revitalizing Economic Governance for Prosperity” conference organized independent economic policy think-tank, the Advocata Institute will be held on Saturday, May 18th, 2024, at the Galle Face Hotel, Colombo […]
CSE and USAID hold issuer Forum in South, educating SMEs on opportunities
The Colombo Stock Exchange (CSE) and the United States Agency for International Development (USAID) collaborated on a forum to provide small and medium sized enterprises (SMEs) in southern Sri Lanka with insights into opportunities to raise capital through the CSE. Held recently at the Weligama Bay Marriott Resort & Spa, the issuer forum titled “Redefining […]
John Keells partners with Sysco LABS and Brandix Lanka for FastTrack summer internship programme 2024
The ‘FastTrack’ summer internship, introduced by the John Keells Group, makes its return this year, in collaboration with Sysco LABS Sri Lanka and Brandix Lanka (Pvt) Ltd, offering undergraduates a distinctive four-week summer internship experience. Launched in 2011, FastTrack distinguishes itself by providing participants with an unmatched opportunity to explore the diverse corporate landscape of […]
CFA Society SL to upskill analysts to uphold investment research standards
The much-awaited annual CFA Society Sri Lanka Capital Market Awards will be held for the 11th year on 18 June 2024 at the Cinnamon Grand, Colombo. Today, it is among the most sought-after accolades that recognizes and rewards excellence in the local capital markets. The investment research industry is at the center stage of the […]