Commercial Credit enters digital Payment space with Pay&Go
Heralding its entry into the digital payment space, Commercial Credit and Finance PLC (CCF) recently announced its acquisition of a 19.99% stake …
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Fitch Rates Bank of Ceylon’s Basel III Subordinated Debt BBB+(EXP)(lka)
Fitch Ratings has assigned Bank of Ceylon's (BOC) (CC/CCC-/A(lka)/Stable) proposed Basel III-compliant subordinated unsecured debentures of up to …
HIP briefs newly appointed Sri Lankan Heads of Mission and Ambassadors
Seven Sri Lankan Heads of Mission/Ambassador designates to foreign embassies and high commissions, were given a detailed orientation by Hambantota …
Sri Lanka – USA Business Council Elects Charithra Hettiarachchi as President for 2023/2024
The Sri Lanka – USA Business Council (SLUSABC) of The Ceylon Chamber of Commerce elected Charithra Hettiarachchi, Chief Operating Officer of WICHY …
FitsAir announces integration with Mastercard Payment Gateway Services to strengthen its payment infrastructure
FitsAir, Sri Lanka’s first privately owned international airline, today announced its partnership with Mastercard involving integration with the …
Rising Gold-Backed Loans Elevate Risks for Sri Lankan Finance Companies, says Fitch Ratings
Rising gold-backed lending among Sri Lanka’s finance and leasing companies (FLC) sector is exposing financiers to higher collateral price risk and …
Distilleries’ Acquisition of Heineken Lanka May Challenge Lion Brewery Share: Fitch Ratings
Lion Brewery (Ceylon) PLC (AAA(lka)/Stable), the leader in Sri Lanka’s beer market, could face more competition in the medium term following …
6,000 Paddy Farmers to be Trained on Sustainable Cultivation with FAO and EU Support
The Food and Agriculture Organization of the United Nations (FAO) together with the Department of Agriculture and the Mahaweli Authority of Sri Lanka …
Breakdown at Lakwijaya Thermal Power Plant: Unit 02 Generator Shut Down for Repairs
The Lakwijaya Thermal Power Plant in Norochchole encountered an emergency breakdown in its High-Pressure Heater System, forcing the halt of the Unit …
Ranee Jayamaha & Sanjeeva Jayawardena submitted their resignations well before SC judgement: CBSL
Both Dr. Ranee Jayamaha and Sanjeeva Jayawardena submitted their resignations well before the Supreme Court made its final judgement on 14.11.2023 …
Deloitte South Asia CEO to visit Sri Lanka this month
Romal Shetty the Chief Executive Officer of Deloitte South Asia is slated to visit Sri Lanka this month. His visit was announced on the day when over …
Cinnamon Hotels & Resorts on culinary extravaganza with Gary Mehigan in partnership with SriLankan
Cinnamon Hotels & Resorts is delighted to announce an exciting collaboration with the National Carrier, SriLankan Airlines, as the powered by …
Design Code: Showcase of creativity, innovation, and collaboration
The University of Moratuwa unveiled their annual design showcase, "Design Code," scheduled to take place from November 23rd to 26th. The Design Code, …
U.S. Department of Agriculture Commits USD32.5 Mn to Fund McGovern-Dole School Feeding Program
The U.S. Embassy in Colombo is pleased to announce a new $32.5 million award from the U.S. Department of Agriculture (USDA) to Sri Lanka for the …
HEINEKEN signs agreement with Distilleries Company of Sri Lanka
Heineken International B.V. (HEINEKEN) has signed an agreement with Distilleries Company of Sri Lanka PLC (DCSL) today. DCSL is a Public Limited …
Sri Lanka’s Economic Crossroads: Harsha De Silva’s Unveiling Critique of Budget 2024
● Blatant violation of the Fiscal Management Responsibility Act in Budget 2024, with budget deficit exceeding 5%. ● Staggering increase in …
Full Supreme Court decision on Sri Lanka’s economic crisis FR case
The full Supreme Court decision on Sri Lanka's economic crisis Fundamental Rights petition has been published. The Supreme Court gave a majority …
Sri Lanka elected to the Executive Board of the UNESCO
Sri Lanka was elected to the Executive Board of the United Nations Educational, Scientific and Cultural Organization (UNESCO) for the term 2023-2027, …
VAT exemptions will be limited to health, education & few essential foods: Deloitte Sri Lanka budget discussion
Deloitte Sri Lanka, part of the international auditing, consulting, and financial advisory giant, Deloitte Global, held a special “Budget Night” …
Sri Lanka’s Ambitious Budget Agenda Faces High Implementation Risks: Fitch Ratings
The targets laid out in Sri Lanka’s budget for 2024 will be challenging to meet, even with the economic recovery that we expect to continue next …
Fitch assigns National Development Bank’s basel III subordinated debt final ‘BBB(lka)’
Fitch Ratings has assigned National Development Bank PLC's (NDB, A-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant …
Siddhalepa honors Asian Games gold medalist Tharushi
Siddhalepa, a respected name in natural healthcare, took the opportunity to honor and appreciate the outstanding achievements of Tharushi …
Budget 2024: Pragmatic Implementation & Timely Execution Will be Key, says CCC
The Ceylon Chamber of Commerce considers the 2024 Budget as a crucial step in continuing the macroeconomic stabilization measures that began in late …
Cabinet approval mandatory in appointing Interim Committees for Sri Lanka Cricket
President Ranil Wickremesinghe has instructed the Chairman of the Ministerial Sub-Committee for Cricket to spearhead efforts aimed at lifting the ban …