Fitch affirms SriLankan Airlines’ government guaranteed bonds at ‘C’
Fitch Ratings has affirmed the rating on SriLankan Airlines Limited's (SLA) USD175 million government-guaranteed 7% unsecured bonds due 25 June 2024 at 'C'. …
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APTS prepares for its next phase of growth by strengthening its leadership team
Asia Pacific Technology Systems (APTS), an award-winning Information Technology Solutions provider in the region, is gearing for its next phase of growth …
South Asia Textiles commits to SBTi to limit global warming at 1.5°C
South Asia Textiles (SAT), a fully-owned subsidiary Hayleys Fabric PLC, also joined its parent company in committing to the Science-Based Targets initiatives …
Ceylon Chamber meets Party Leaders to discuss economic and political crises
The Ceylon Chamber of Commerce officials met with the leaders of several key political parties during the last 4 days to discuss the serious economic and …
ComBank Group navigates devaluation impact in complex Q1 performance
Total assets cross Rs 2 Tn., first private sector bank to achieve the milestone Mainly influenced by Rupee devaluation, loan book grows by Rs 133 Bn., deposits …
Sri Lanka’s trade deficit widens in Feb 2022 despite above USD 1Bn of export earnings
The momentum of export earnings continued with over US dollars 1.0 billion for the ninth consecutive month in February 2022. Meanwhile, import expenditure also …
Serious concerns of current crisis as outlined by Sri Lanka Shippers’ Council
The Sri Lanka Shippers’ Council expresses its grave concern at the violence unleashed on peaceful protestors in Colombo on 9th May 2022. While recognizing …
Joint Chambers call for appointment of interim PM and cabinet
Joint Chambers together with Institute of Chartered Accountants of Sri Lanka call upon the President to take immediate steps to appoint a competent person as …
Commercial Bank appoints Sanath Manatunge as MD/CEO
Sellathurai Prabagar appointed new COO in smooth succession at country’s top private sector bank The Commercial Bank of Ceylon PLC has announced the …
Uncovering the human element in ESG at Kelani Valley Plantations;Report
The challenge of driving meaningful progress in Environmental, Social and Governance (ESG) standards hinges on people more than it does processes or policies. …
New payment terms related to importation of goods gazetted
Regulations have been promulgated under the Imports and Exports Control Act, No. 01 of 1969 and published in the Gazette No. 2278/21 dated 6th May 2022 to …
“Export outlook dims amidst economic challenges” latest CCC-USAID export barometer survey says
Findings from the latest bi-annual Export Barometer Survey indicate that exporters are losing confidence in the industry’s outlook, as firms face mounting …
European Union gives Rs.60Mn in grants to support small tourism businesses
The Delegation of the European Union in Sri Lanka (EU) and the Sri Lanka Tourism Development Authority (SLTDA) awarded the first three grants - worth 1 …
Xebiro developing European tech in London, Colombo, and Jaffna
By Jekhan Aruliah COVID-19 lockdowns and remote working The COVID-19 pandemic, which had a devastating impact on health and on economies, is having a …
MAS Holdings’ calls for immediate and decisive action to resolve the current crisis
MAS Holdings, one of Sri Lanka's largest private sector employers and exporters reiterates the need for immediate and decisive action to resolve the current …
Bangladesh and Sri Lanka explore new investments and Blue economy potential
High Commissioner Professor Sudharshan Seneviratne drew home the importance of the tremendous potential both countries hold to work jointly towards a …
Manufacturing PMI increased month-on-month basis at slower rate
Following the seasonal pattern in manufacturing activities, the manufacturing PMI increased on a month-on-month basis to an index value of 57.8, yet at a …
How is an economic crisis affecting people?
People across Sri Lanka are struggling to get hold of daily essentials as the country faces its worst economic crisis in decades. Sri Lanka is mired in public …
JAAF demands immediate solutions, end to Government’s procrastination
In a recent statement, the apparel industry has urged all stakeholders to put aside differences and work together to resolve the current crisis, which has …
Bangladesh corporate sector ready to expand economic cooperation with Sri Lanka
Sri Lanka High Commissioner to Bangladesh said that profound historical and cultural relations have lasted between Sri Lanka and Bangladesh and it is time to …