Union Assurance awarded for excellence in integrated reporting for 2020
Reaffirming its commitment to the value of transparency, accountability and integrity while maintaining an exceptional financial track record, Union …
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Cinnamon Life secures Certificate of Conformity for project’s office and ‘The Suites’ residential towers
Cinnamon Life, Sri Lanka’s largest mixed development, announced another major milestone in its journey to completion with the securing of a …
Minister green lights productivity-linked wage proposal for RPCs: Unions are still to agree
Feb 01, 2021 (LBO) - On the request of Labour Minister, Nimal Siripala de Silva, Regional Plantation Companies (RPCs) submitted a revised wage …
Services of Sri Lanka Ports Authority gazetted as an essential public service
Secretary to the President P B Jayasundera, by order of the President, has issued an extraordinary gazette declaring the services done by or in …
People’s Insurance signs deal with SL Tourism as sole insurance provider for inbound tourists
As Sri Lanka opens its doors to the world once more, Sri Lanka Tourism has implemented several measures to ensure that the island getaway is as safe …
Stax says Sri Lanka slow to accept remote-working, advocates wider adoption
Stax Inc., a leading global management consulting firm, observes that delaying digitization during this pandemic era would present substantial …
Ceylon Chamber to host Outlook 2021 forum next week
The Ceylon Chamber’s annual discourse on the year’s Outlook will be held virtually on 3rd February 2021, organised by the Chamber Academy. The …
Female-heads of households see their struggles compounded by pandemic
Tharshani, now 45, had already been struggling to make ends meet since her husband died 15 years ago due to the conflict. But since the COVID-19 …
JKH Group revenue and EBITDA, excluding leisure, increases by 5-pct
Jan 27, 2021 (LBO) - Despite the isolation measures adopted by the authorities due to the second wave of the COVID-19 outbreak in early October 2020, …
What Investors Want To Know: Impact Of Sri Lanka National Scale Recalibration On Bank Ratings
Following Fitch Ratings' downgrade of Sri Lanka's sovereign rating to 'CCC' from 'B-' on 27 November 2020, the Sri Lankan National Rating scale was …
Sri Lanka can achieve a greener and more prosperous future
By Andrew Zakharenka, Natural Resources Management Specialist Farmers, hoteliers and homestay owners, fishers, producers of the famous Kanthale milk …
Health Ministry joins hands to launch Facebook’s Blood Donations feature in Sri Lanka
In an effort to make it easier for people to donate blood, Facebook has launched the Blood Donations feature in Sri Lanka in partnership with the …
Lina Spiro launches Sri Lanka’s first metered-dose inhaler manufacturing plant
Sunshine Healthcare Lanka (SHL), the healthcare arm of the diversified conglomerate Sunshine Holdings PLC (CSE: SUN), officially commenced the …
Global equity interest in emerging markets expected to trickle down to CSE: Ceylon Asset Management
Jan 26, 2021 (LBO) - Local investors should exploit attractive valuations of the CSE before a Sri Lanka country rating revision and foreign investor …
CSE issues new guideline for Stockbroker Firms to implement with immediate effect
In consultation with the Securities and Exchange Commission (SEC), the Colombo Stock Exchange (CSE) has issued a set of guidelines on best practices …
SEC advises investors not to rely on unsolicited stock tips circulated through social media
The Securities and Exchange Commission of Sri Lanka (SEC) has observed that unsolicited messages purporting to be stock tips/ investment advice with …
Fitch revises 9 Sri Lankan financial institutions’ ratings on recalibration; 2 downgrades
Fitch Ratings has revised the National Long-Term Ratings of Sri Lankan financial institutions following the recalibration of the agency's Sri Lankan …
CBSL requests banks to refrain from entering into forward contracts of forex for 3 months
Sri Lanka's Central Bank requests licensed commercial banks to refrain from entering into forward contracts of foreign exchange for a period of three …
Sunshine Holdings selects IFS ERP platforms for subsidiary companies
IFS, the global enterprise applications company, announces that Sunshine Holdings PLC, a leading conglomerate will roll out a comprehensive …
Samp Bank partner with Central Bank to promoting QR payments
Sampath Bank PLC joined hands with the Central Bank of Sri Lanka (CBSL) yet again to raise awareness and increase acceptance and usage of LANKAQR, …
First Capital Holdings announces LKR 2 Billion Debenture Issue
First Capital Holdings PLC (the Group), intends to raise a sum of LKR 1 billion via a Listed, Rated, Unsecured, Senior, Redeemable Debenture issue …
Sri Lanka Ports Authority implements clearance of all imported goods through electronic methods
The Sri Lanka Ports Authority (SLPA) has taken steps towards the clearance of all imports at the Port of Colombo through electronic payments via the …
Sri Lanka to receive first batch of Covid-19 vaccines next week: President
President Gotabaya Rajapaksa said that Sri Lanka will receive the first batch of Oxford-AstraZeneca Covid-19 vaccines manufactured in India next …
President appoints CoI to investigate entire gamut of HR probes & findings
President Gotabaya Rajapaksa has appointed a 3-member Commission of Inquiry (CoI) to investigate, inquire into and report or take necessary actions …