Tag: lbo
On the 75th, Independence, time to re-plug to the world economy
Advocata Institute As Sri Lanka is inaugurating its political independence of 75 years on February 4th, the burning issue the public is struggling to grapple with, in the recent past, is the worst economic slump. Many factors have contributed to the current economic crisis but protectionism and trade barriers are main elements that have further […]
Hatch enters partnership with Draper Startup House to strengthen SL’s position as Startup Nation
Startup ecosystem builder Hatch entered a strategic partnership with Draper Startup House, a global network of spaces connected to resources for entrepreneurs. Hatch shares a vision with Draper Startup House for Sri Lanka and has come onboard to support Hatch’s “Sri Lanka: From Troubled Nation to Startup Nation” initiative which seeks to change the narrative […]
E-commerce: An islandwide phenomenon and youth-oriented futuristic industry of SL – Report
Daraz Sri Lanka and Sri Lanka Association for Software Services Companies (SLASSCOM) released the first in-depth study on the adoption and use of e-commerce in Sri Lanka during difficult economic times at a roundtable discussion held in Colombo on Monday 30th January 2023. The report titled “E-commerce: A Driver of Inclusive Growth in Sri Lanka?” […]
Hatch partners with HDFC Bank to provide exclusive credit facility for community of startups
In a one of a kind collaboration; Hatch, the award winning co-working space, start-up incubator and accelerator is partnering with HDFC Bank as their official banker, to give its community of startups access to an exclusive loan facility, the benefits of which will support these startups in strategically growing their business in the face of […]
British independent schools show keen interest for international school at Port-City Colombo
Senior delegations from three leading British independent schools visited Colombo for discussions with the Colombo Port City Economic Commission and senior management of Port City Colombo earlier this month, pertaining to the development of an International School at the Port City Colombo. These schools are backed by a rich heritage going as far back as […]
Tianjin Port Group and Huawei announce deepening cooperation to build digital twin of port
Tianjin Port Group and Huawei announced this week that the two companies will deepen cooperation to build a digital twin of the port, making it more automated and intelligent. Yang Jiemin, Vice President of Tianjin Port Group, explained that this plan consists of three parts: Construction of new automated terminals, upgrading of traditional terminals, and […]
CFA Society SL and CSE train financial literacy ambassadors from state universities
The Colombo Stock Exchange (CSE) and the CFA Society Sri Lanka wish to appoint “Financial Literacy Ambassadors” from state universities in Sri Lanka and to conduct a training session on financial literacy for them on 26th January 2023, from 9.00 am to 12.00 noon at the CSE Auditorium in Colombo. This is in line with […]
MAS announces joint venture with Tata Group’s Trent Ltd in India
MAS Amity Pte. Ltd., a subsidiary of MAS Holdings, signed a joint ventureagreement with Tata Group’s Trent Ltd, setting up an entity in India for the joint development of business into intimate wear and other apparel related products. Over time, MAS and Trent would pool their domain expertise to undertake design, development and manufacturing of […]
Sri Lanka – United Kingdom Chamber of Commerce holds first AGM
The Sri Lanka – UK Chamber of Commerce held its first Annual General Meeting at the Sri Lanka High Commission in London on 12 January 2023 under the patronage High Commissioner of Sri Lanka to the United Kingdom Saroja Sirisena. The Sri Lanka – UK Chamber of Commerce was launched on 26 October 2021 in […]
‘ ratings; Maintains RWN
Fitch Ratings has downgraded the National long-term ratings of five Sri Lankan finance and leasing companies (FLCs) after the recent sovereign downgrade and recalibration of the agency’s Sri Lankan National Rating scale. The FLCs’ ratings remain on Rating Watch Negative (RWN). The downgrades follow similar action on 10 Sri Lankan banks. (For details, see “Fitch […]
SLT-MOBITEL welcomes 2023 speeding up Fibre to 200Mbps
Celebrating the dawn of 2023 and continuing to enrich citizens digital lives, SLT-MOBITEL, the National ICT Solutions Provider is enhancing the SLT-MOBITEL Fibre, Sri Lanka’s first, fastest and widest premium connectivity bandwidth to 200Mbps download speed and 100Mbps upload speed. Ensuring everyone is on super-highway to digital inclusivity, SLT-MOBITEL is the fastest home broadband service […]
Milinda Moragoda discusses priority areas for cooperation with India’s national security advisor
Sri Lanka’s High Commissioner to India Milinda Moragoda met with the National Security Advisor of India Shri Ajit Kumar Doval, on 16 January and discussed matters pertaining to India-Sri Lanka relations. The discussion focused on mutual strategic interests of the two countries and priority areas for cooperation. The meeting took place as part of the […]