CA Sri Lanka’s annual report awards to comeback this year
The prestigious Annual Report Awards Competition organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), is set to make a grand …
Companies
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Asia Securities forecasts strong growth trajectory for equities in 2021
Following a year of volatility, leading stockbroking firm Asia Securities (Pvt) Ltd, notes that the road ahead for Sri Lanka’s capital markets is optimistic, …
Utilizing recyclable PET plastic waste: Towards a circular economy
By Dr. Anush Amarasinghe “Reduce, reuse, and recycle”- a household phrase you’ve probably heard over and over again either through school, from awareness …
ACL Cables showcases strong financial position; achieves (SL) A+ credit rating
ACL Cables PLC, the No.1 cable company in Sri Lanka has once again showcased its strong financial position and brand equity achieving (SL) A+ stable credit …
Sri Lanka Telecom & Mobitel join forces making history in national connectivity
Sri Lanka Telecom (SLT) and SLT Mobitel unveiled their unified brand identity on January 1, 2021 at SLT Headquarters forming a formidable force creating a …
16 SL companies excel at SAFA best presented Annual Report Awards
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) hosted the 24th SAFA Best Presented Annual Reports (BPA) Awards Ceremony in Colombo last …
ICRA Lanka re-affirms ratings of Janashakthi PLC
ICRA Lanka Limited has reaffirmed the issuer rating of [SL]BBB- (pronounced SL triple B minus) with Negative outlook for Janashakthi PLC (JPLC or the company). …
RPCs submit new proposal aimed at transforming earnings in Plantation sector
Dec 23, 2020 (LBO) - Taking a cue from the success of the smallholder sector, Sri Lanka’s Regional Plantation Companies (RPCs) handed over fresh proposals …
Asia Capital to buy 70-pct stake of Navara Capital Partners to re-enter stock broking business
Asia Capital PLC (ACAP) the country’s leading and pioneering investment banking house recently announced to Colombo Stock Exchange (CSE) that the company has …
Spectrify AI to launch agri-tech revolution in Sri Lanka
Spectrify AI, a part of VeracityAI Sri Lanka’s fastest going AI company announced the launch of a new suite of solutions specifically designed to radically …
Opinion: Decoding Sri Lanka’s fintech regulatory sandbox
By Imesha Dissanayake The sandbox concept evolved from the children’s learning game, vindicating the old “test and learn” approach to foster innovation. …
Supplementary festival credit facility for employees in public and pvt sector
President has directed to provide a Supplementary Festival Credit facility to all interested employees in the public and private sector as well as Samurdhi …
Challenging operating environment to weigh on Sri Lankan Banks
Sluggish economic activity, external and domestic vulnerabilities, muted private credit growth and the sovereign's weakened credit profile are significant …
Renuka Holdings rights issue raises over Rs 1bn
Dec 17, 2020 (LBO) – Renuka Holdings PLC’s rights issue concluded on the 16 of December raising 1.082 Bn, higher than the required 1.03 Bn for the complete …
Union Assurance disrupts the future of life insurance with clicklife
Union Assurance PLC, a John Keells Company announces the launch of Clicklife, a turnkey product that offers protection plans in a secure, streamlined, and …
A protracted downturn could weaken Abans’ leverage vs Singer: Fitch Ratings
Dec 16, 2020 (LBO) – Fitch Ratings believes Sri Lanka-based consumer-durables retailer Abans PLC's (BBB+(lka)/Negative) leverage will rise faster than that …
Hemas divests its shareholding in Serendib Hotels
Dec 15, 2020 (LBO) – Hemas Holdings PLC (HHL) has divested its’ shareholding in Serendib Hotel PLC to Eden Hotel Lanka PLC, a subsidiary of LOLC Holdings …
Pelwatte Dairy hails budget; appreciates govt proposals to develop dairy Industry
Pelwatte Dairy Industries, the local dairy giant consents to the budget 2021 tabled recently, it expressed its appreciation towards the measures proposed to …
UNDP engages pvt sector to ensure human rights at centre of recovery efforts
The instability and fear that the COVID-19 pandemic brings about is exacerbating human rights concerns around the world. While businesses face an unprecedented …
Multiple wins for Union Assurance at Sri Lanka leadership awards 2020
Union Assurance clinched multiple awards including Best Brand and Sustainable Marketing Excellence at the Sri Lanka Leadership Awards, as well as Best Employer …