Tag: lbo
Hambantota Port sees highest monthly RORO volume in April
The Hambantota International Port has seen a significant increase in their RORO figures during the first 4 months of 2021, compared to the corresponding period last year. The first 4 months of this year saw 193,690 vehicles come into the port for transshipment as against 118,872 vehicles during the same period last year. 62,736 vehicles […]
Capitol TwinPeaks unveils ‘Capitol-ize investment Scheme’ for buyers
Capitol Developers – the Developer of Capitol TwinPeaks, the 50-storey twin-tower, mixed development under the Sanken Group, recently announced the provision of the ‘Capitol-ize’ Investment Scheme for potential property owners/ buyers, as a means by which to ease financial pressures (a resultant of Sri Lanka’s recovering economy) allowing more entrants into the real estate and […]
Presidential task force for a green socio-economy
President Gotabaya Rajapaksa has appointed a Presidential Task Force to transform Sri Lanka’s economy into a green socio-economy with sustainable solutions to climate change. The Task Force has been named as the “Presidential Task Force on Creating a Green Sri Lanka with Sustainable Solutions to Climate Change”. The Task Force, chaired by Basil Rajapaksa, the […]
Sri Lanka secures USD 500Mn concessional financing from Republic of Korea
In order to further strengthen the economic cooperation between two countries, the Government of Republic of Korea has agreed to provide concessional loans from the Economic Development Cooperation Fund (EDCF) of the Export Import Bank of Korea (KEximbank). Accordingly, the Government of Republic of Korea and Government of Sri Lanka have agreed to sign a […]
Healthcare professional bodies make urgent recommendations to avoid COVID disaster
In a letter to the President, the Sri Lanka Medical Association (SLMA), the Government Medical Officers’ Association (GMOA), the Association of Medical Specialists (AMS), together with the SLMA Intercollegiate Committee (SMIC) has made several recommendations in a bid to minimize COVID infections and deaths in the near future. “We wish to emphasise that all healthcare […]
World Bank strengthens engagement in Sri Lanka
The World Bank today launched public consultations to update its Systematic Country Diagnostic (SCD) in Sri Lanka. This online platform will enable the Bank to engage with the Sri Lankan public and development partners and seek their views on the most pressing development opportunities and challenges for the country. The SCD is a country-specific report […]
UK and Sri Lanka lead on ‘Nitrogen for Climate and Green Recovery’
The British High Commission in Colombo and the Government of Democratic Socialist Republic of Sri Lanka this week held a virtual event “Nitrogen for Climate and Green Recovery”, held on 27 – 29 April 2021, in Colombo. The event launched the #Nitrogen4NetZero initiative, to widen engagement on sustainable nitrogen management in this crucial year for climate action. #Nitrogen4NetZero […]
Opinion:Today’s CFO is the protector of tomorrow’s business resilience
By Sherman Gunatillake With market uncertainty and disruptions across different business verticals christened as the ‘New Normal’, the chief financial officer (CFO) of the modern-day has many elements to balance across the business. In such a context, strengthening business resilience is a crucial responsibility that a CFO has on his agenda. But has a CFO’s […]
Rizing acquires attune Lanka from MAS Holdings
MAS Holdings announced today, that in line with its long-term strategic objectives, it has concluded the acquisition of its subsidiary attune Lanka (Private) Limited by Rizing. Rizing is a privately held, US-based boutique firm specializing in providing SAP solutions for Consumer Industries, Enterprise Asset Management and Human Capital Management worldwide. In 2018, MAS Holdings completed […]
”; Outlook stable
Fitch Ratings has affirmed Sri-Lanka based footwear and tire manufacturer and retailer DSI Samson Group (Private) Limited (DSG) at ‘AA(lka)’. The Outlook is Stable. The affirmation and Stable Outlook reflect Fitch’s belief that DSG will maintain sufficient liquidity and healthy operating performance in the next one to two years such that its leverage and fixed-charge […]
China backed Port City missing link for SL to become game changer; no threat to sovereignty
The Colombo Port City, one of Sri Lanka’s most significant projects with tremendous potential has to go forward in the right direction as a game-changer for the island and the proposed draft legislation is the missing link, a senior official said. Multiple petitions were filed in the Supreme Court last week by Opposition parties, civil […]
ComBank raises interest rate on ‘FC Plus’ foreign currency accounts to 4.5-pct per annum
The Commercial Bank of Ceylon has announced a significant increase in the interest rate offered to Sri Lankan Personal Foreign Currency (PFC) account holders, via the Bank’s ‘FC Plus’ account. Individuals who open an FC Plus foreign currency account at Commercial Bank will be eligible to receive an interest rate of 4.5% per annum for […]