Tag: lbo
”; Outlook remains negative
lbo.lk,lbo Fitch Ratings has affirmed Abans Finance PLC’s National Long-Term Rating at ‘BBB+(lka)’. The Outlook remains Negative. KEY RATING DRIVERS Shareholder Support Underpins Rating: Abans Finance’s rating is driven by our expectation that its major shareholder, Abans PLC (AA-(lka)/Stable), would provide extraordinary support to Abans Finance, if required. Our expectation stems from Abans’ position as […]
Sri Lankan experts call for increased focus on global trade to drive economic growth
The country can achieve significantly higher economic growth supported by international trade. Sri Lanka to deepen trade ties with South Asian countries (Bangladesh, Pakistan, China, India) and increase access in East Asia (Thailand, Malaysia, Singapore). Expand into fast-growing regional markets like ASEAN and RCEP members. Attract Foreign Direct Investment (FDI) into […]
New data show massive, wider-than-expected global gender gap: World Bank
The global gender gap for women in the workplace is far wider than previously thought, a groundbreaking new World Bank Group report shows. When legal differences involving violence and childcare are taken into account, women enjoy fewer than two-thirds the rights of men. No country provides equal opportunity for women—not even the wealthiest economies. The […]
Sri Lanka Purchasing Managers’ Index for Construction indicates expansion in Jan
Sri Lanka Purchasing Managers’ Index for Construction (PMI – Construction) indicates an expansion in construction activities in January 2024, as reflected by the Total Activity Index, which recorded an index value of 52.9. This marks the first time that the index exceeded the neutral threshold since January 2022. Many respondents mentioned that new construction work […]
Sri Lanka – Vietnam explore opportunities in agricultural, forestry and fisheries: CCC
The Ceylon Chamber of Commerce hosted a high-level delegation from the Ministry of Agriculture and Rural Development of Vietnam, engaged in a working visit to strengthen bilateral relations between Vietnam and Sri Lanka, in the fields of agricultural, forestry and fishery. Organized in association with the Sri Lanka – Greater Mekong Business Council and the […]
Goumet Galle 2024: Culinary extravaganza resumes
Gourmet Galle, the culinary festival that has been tantalizing taste buds since its inception, has revealed its exciting line-up of international chefs coming to Galle until the end of March. This year promises an exquisite array of culinary gurus each weekend featuring two exclusive events—an immersive masterclass and a delectable dinner, set against the picturesque […]
Port City Colombo hosts networking session with Chairman of Commonwealth Enterprise and Investment Council
Port City Colombo (PCC) hosted a special business networking session with Lord Marland, Chairman of the Commonwealth Enterprise and Investment Council (CWEIC), recently at the Port City Colombo Sales Gallery. Acting as an excellent platform for PCC to present its upcoming investment prospects, this occasion showcased Lord Marland’s strong support for PCC’s investment promotion drive, […]
SJB not accepting Online Safety Bill which restricts media freedom as legislation duly passed: Eran
Eran Wickramaratne said that the main opposition, Samagi Jana Balawega, did not accept the legislation on Online Safety Act as passed in Parliament as it was processed without following due process of passing a bill in the parliament. Therefore we urge the government to cancel this piece of legislation on Online safety Bill which is […]
PMI indicates an expansion in Manufacturing and Services activities in January 2024
Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 55.6, indicating an expansion in manufacturing activities. This improvement was attributable to the increases observed in all sub-indices. The expansion in New Orders and Production was largely driven by the manufacture of textiles & apparel sector. However, New Orders and […]
Japan-funded “Climate Promise” initiative unleashes green revolution in Northwestern Sri Lanka
In a momentous ceremony, the Climate Promise project, funded by the Japan Supplementary Budget (JSB) marked the ceremonial handing over of Renewable Energy Technologies to Farmer Organizations in the Northwestern Province of Sri Lanka yesterday. The initiative, named ‘Enhancing Food and Energy Security through the Promotion of Green Technologies & Renewable Energy for Wider Uptake […]
SL High Commission in London hosts ‘Sri Lanka Business Drive 2024’
The High Commission of Sri Lanka in London in collaboration with the Commonwealth Enterprise and Investment Council (CWEIC) organised ‘Sri Lanka Business Drive 2024’, an interactive Roundtable discussion on investments at the High Commission on 02 February 2024. The event was presided over by High Commissioner of Sri Lanka to the United Kingdom Rohitha Bogollagama. The […]
Atlas empowers schoolchildren to conquer their dreams through joyful learning
Inspiring education for over 60 years, Atlas has been a cherished foundation in turning students’ dreams into vibrant realities by infusing joy into their learning experiences. Atlas has gone beyond its role as a leading stationery provider in Sri Lanka, offering a holistic learning experience to schoolchildren. Over the years, Atlas has tirelessly worked towards […]