Ayodhya Iddawela Perera to take over as Sampath Bank MD from 01st July 2023
Ayodhya Iddawela Perera will take over as the next Managing Director of Sampath Bank PLC effective from the 1 st of July 2023. She will succeed the incumbent …
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John Keells Group crisis response initiative records promising impact among multiple communities
In the wake of Sri Lanka’s unprecedented socio-economic crisis in early 2022, the John Keells Group launched a multi-pronged Crisis Response Initiative …
Removing PUCSL Chair via Parliament a threat to democracy and good governance: Eran
Judicial Precedence proves independent commissioners can seek court order to ensure their orders carried out Eran Wickramartne MP speaking on the debate of the …
Fitch Assigns Hayleys First-Time AAA(lka) National Rating; Outlook Stable
Fitch Ratings has assigned Sri Lankan conglomerate Hayleys PLC a National Long-Term Rating of 'AAA(lka)'. The Outlook is Stable. Fitch has also assigned a …
JKH recurring EBITDA grows by 17-pet to Rs.45.7Bn for 2022/23
The Group reported a resilient performance during the year, amidst the unprecedented challenges in the operating environment, recording a recurring EBITDA …
Will Govt place entire burden of domestic treasury bond debt optimization on EPF? Harsha
In a recent press conference MP Harsha de Silva outlined several critical points regarding the IMF Program and expressed general agreement with the …
Sri Lanka – Thailand FTA scheduled for early 2024
The fourth round of talks on the proposed Sri Lanka-Thailand Free Trade Agreement was held recently with both parties agreeing to complete the negotiations and …
PUCSL Chair calls for 20-pct price drop in electricity rates
The Chairman of Public Utilities Commission of Sri Lanka Janaka Ratnayake says that the electricity consumers should get a 20 percent tariff reduction based on …
ADB President commends SL for action taken to overcome economic crisis and pledges further support
Foreign Minister Ali Sabry met with the President of Asian Development Bank, Masatsugu Asakawa in Seoul, Republic of Korea during the 56th Annual Meeting of …
Govt public debt restructuring and concerns of the banking sector: SL Banks Association
The banks believe that all stakeholders involved in structuring the restoration of Sri Lanka’s Balance of Payments to a sustainable equilibrium must …
Expolanka Holdings ends FY 2023 focusing on consolidation strategy to deliver long term growth
Expolanka Holdings PLC ended its financial Year 2023 displaying resilience in the face of a challenging macro environment, while pursuing a strategy of …
Sri Lanka’s Central Bank says structural reforms needed for short and long-term issues: Annual Report
The implementation of structural reforms focusing not only on restoring near term stability but also on rebuilding the nation with adequate safeguards and …
HC Moragoda meets IndiGo co-founder Bhatia to discuss enhancing air connectivity between SL and India
Continuing his discussions with large-scale Indian investors and corporate leaders, Sri Lanka’s High Commissioner to India Milinda Moragoda met with IndiGo …
Plans underway to remove the lubricant levy to paralise the regulator: PUCSL Chair
The Ministry of Power and Energy has proposed to remove the lubricant levy from the Public Utilities Commission of Sri Lanka (PUCSL), the shadow regulator of …
Sri Lanka – Canada biz council of CCC hosts interactive evening with Canadian HC
The Sri Lanka - Canada Business Council (SLCBC) of The Ceylon Chamber of Commerce hosted an interactive evening with His Excellency Eric Walsh, High …
Virtusa expands Sri Lanka HQ to accommodate growing team
Virtusa added 13,000 sq. ft of new office space to its Colombo facility as part of its ongoing expansion strategy to support the company’s growing headcount. …
ITC meets Min of Trade to present e certificate of origin system for SL exporters
Nalin Fernando, Minister of Trade, Commerce and Food Security in Colombo was presented the new Electronic Certificate of Origin (eCoO) system by the …
Fitch places Sri Lanka Telecom’s ‘A(lka)’ Rating on Watch Positive following proposed disposal
Fitch Ratings has placed Sri Lanka Telecom PLC's (SLT) National Long-Term Rating of 'A(lka)' on Rating Watch Positive (RWP) reflecting the potential rating …
Eran urges Govt to disclose contents in IMF agreement
Even though the present government said no, the Samagi Jana Balawega emphasized from the beginning that this country needs some sort of agreement and financial …
SL welcomes UN agreement to protect high seas
Sri Lanka welcomes the conclusion of negotiations on a landmark agreement to enhance the international legal regime concerning the conservation of marine …