SLIBTEC, USAID to establish SL’s first ‘Biotechnology Innovation Park’
The Sri Lanka Institute of Biotechnology (SLIBTEC) will collaborate with the U. S. Government’s development arm, the U. S. Agency for International …
Companies
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LAN channels Rs.150Mn into tech startups: Currently evaluating 5-10 startups
Sri Lanka’s first Angel Fund has, to date, channelled investments up to Rs. 150 Million cumulatively into four home-grown startups - Niftron, Magicbit, …
US Under Sec for Political Affairs promises assistance to develop cyber & information technology sectors
The Under Secretary of State for Political Affairs Victoria Nuland called on President Gotabaya Rajapaksa at the Presidential Secretariat, Wednesday. The …
CA Sri Lanka launches exclusive global credential for finance professionals to fight fraud
In a ground-breaking initiative aimed at combatting fraud and corruption, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) joined hands with …
Interview: Resilience, creativity and talent will make Sri Lankan apparel thrive globally
Sri Lanka’s apparel sector contributes 6% to the country’s GDP and accounts for almost half of all merchandise exports. The sector provides direct …
CL Synergy announces forthcoming IPO as next step in growth strategy
CL Synergy Limited has received official approval from the Colombo Stock Exchange (CSE) for its Initial Public Offering, which is set to open on the 7th of …
Fitch withdraws ‘BBB+(EXP)(lka)’ rating on HNB Finance’s proposed subordinated debt
Fitch Ratings has withdrawn the expected National Long-Term Rating of 'BBB+(EXP)(lka)' assigned to HNB Finance PLC's (HNBF; A(lka)/Stable) proposed Sri Lankan …
Nation branding of Sri Lanka on global stage requires a more collaborative approach
Nuwan Gamage, Vice President of Sri Lanka Institute of Marketing Sri Lanka is currently facing several economic challenges and in order to steer the country …
Ceylon Chamber seeks urgent action to restore electricity and fuel supply to avoid economic standstill
The Ceylon Chamber of Commerce notes with serious concern the adverse effects brought on its members and all sectors of the economy in general as a result of …
Tribute: Senior Corporate Personality Sega Nagendra (1939-2022)
March 1, 2022 (LBO) - They don't make them like they used to anymore. Senior corporate personality Sega Nagendra passed away suddenly on 28th of February 2022. …
SriLankan Airlines adorns aircraft livery with ‘Raid Amazones 2022’ insignia
SriLankan Airlines adorns one of its aircraft with customized livery to reaffirm its status as the official airline of the much-awaited ‘Raid Amazones …
Sri Lanka needs price formula to avert future energy crisis
Regional fuel prices are significantly higher than Sri Lanka Sri Lanka pitches into darkness and its people form lines at fuel stations due to the ongoing …
Ceylon Chamber launches outlook 2022 report; ‘Road to recovery: Overcoming challenges’
The Ceylon Chamber of Commerce (CCC) recently launched the 7th edition of its flagship annual Outlook Report for 2022 at the Economic Outlook 2022 webinar. …
Fitch Affirms Sri Lanka’s Dialog Axiata at ‘AAA(lka)’/Stable
Fitch Ratings has affirmed the National Long-Term Rating of Sri Lanka based telecom company Dialog Axiata PLC at 'AAA(lka)'. The Outlook is
Opinion: Role of divestments in overcoming present economic challenges
By Imesha Dissanayake The Government of Sri Lanka (GoSL) has very ambitious plans for the country’s economic transformation including an economic growth …
Pan Asia Bank records post tax profit of Rs.3Bn for the year 2021, up by 50-pct; 4Q profits cross Rs.1Bn for first time
Pan Asia Banking Corporation PLC reported a remarkable performance for the year 2021 to report a Pre-Tax Profit of Rs. 4,034 million and a Post-Tax Profit of …
Resus Energy connects 8th mini-hydropower station to national grid : capacity 2.4MW
Resus Energy PLC, a forerunner in renewable energy, operating a number of small hydropower and ground mounted solar PV stations in Sri Lanka, recently …
Time for home-grown solutions is over; Seek international support immediately: Harsha
The country is in complete disarray today. Fuel is rationed at pumps, daily power cuts across the island, shortage of dollars to import essentials including …
HNB Group profit after tax increased to Rs.20Bn, up 47-pct YoY
Hatton National Bank PLC (HNB) solidified its position as one of the most sustainable and strongest banks recording a well-rounded performance in 2021. Group …
ADB-ADBI launch innovation and structural transformation database
The new Asian Development Bank (ADB)-Asian Development Bank Institute (ADBI) Innovation and Structural Transformation Database provides a valuable, one-stop …