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. …
Companies
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 …
Diaspora investment in Mullaitivu, Mullai Milk Processing Industries
By Jekhan Aruliah Mr S.Thavaseelan, known as Seelan, was born in Kayts a town at the Northern end of Jaffna’s Velanai Island. His father, who delivered …
Local retail industry: Hardest hit by FOREX crisis calls for solutions
Sri Lanka Retailers Association Retail industry constitutes 23% of the country’s GDP and is hardest hit by the ongoing FOREX crisisThe wider eco system of …
Commercial Credit joins hands with Western Union
Commercial Credit and Finance PLC, one of Sri Lanka's premier non-bank financial institutions, recently joined hands with MMBL Money Master (brand name of MMBL …
Aitken Spence reports its highest ever Q3 PBT of Rs. 3 Bn
The leading blue-chip conglomerate, Aitken Spence PLC reported its best ever third quarter (Q3) performance with a Profit-Before-Tax (PBT) of Rs. 3 Bn in Q3 …
24 Sri Lankan companies honoured at 25th SAFA
A total of 24 Sri Lankan companies were honoured for their excellent annual reporting and for also promoting transparency, accountability, and governance in …
Opinion: Sri Lanka needs GSP+ now more than ever
By Felix Fernando Much has been said of the potential economic costs to Sri Lanka, of losing the Generalised Scheme of Preferences (GSP) Plus trade concessions …
Fitch downgrades Abans Finance to ‘A-(lka)’; Outlook evolving
Fitch Ratings has downgraded Abans Finance PLC's National Long-Term Rating to 'A-(lka)' from 'A(lka)'. The Outlook is evolving, a statement said. The rating …
Venture Engine shortlists Sri Lanka’s top fundable startups
Venture Engine, Sri Lanka’s pioneering startup acceleration program, has entered the final phase of its tenth edition with the selection of its top 10 …
RigServ opens global resource centre in SL; Plans to empower local IT sector
Supply chain and technology consulting company, RigServ, recently commenced operations in Sri Lanka via its dedicated Global Resource Centre which employs 50 …