Fitch assigns National Development Bank’s basel III subordinated debt final ‘BBB(lka)’
Fitch Ratings has assigned National Development Bank PLC's (NDB, A-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated …
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Siddhalepa honors Asian Games gold medalist Tharushi
Siddhalepa, a respected name in natural healthcare, took the opportunity to honor and appreciate the outstanding achievements of Tharushi Karunarathna, the …
Fitch Downgrades Hela Apparel Holdings to ‘BB+(lka)’; Outlook Negative
Fitch Ratings has downgraded Sri-Lanka based Hela Apparel Holdings PLC's National Long-Term Rating to 'BB+(lka)', from 'AA- (lka)'. The Outlook is Negative. …
John Keells Holdings PLC interim financial results for 2Q 2023/24
Summarised below are the key operational and financial highlights of our performance during the quarter under review: • During the quarter under review, the …
Ceylon Chamber leads private sector engagement at India – SriLanka biz summit
The Ceylon Chamber of Commerce called for a new economic model focused on export-led investment and tourism, and facilitating the private sector as the engine …
Sri Lanka to host upcoming Asia Pacific Retailers Conference and Exhibition 2024
The Sri Lanka Retailers Association (SLRA), which serves as the foremost organization for organized retail in Sri Lanka, recently played host to the eagerly …
Sri Lanka’s Mobile Network Performance Lags Behind in South Asia: Analysis
In a recent analysis by Opensignal, which examined the mobile network experiences of smartphone users across the six most populated countries in South Asia, …
PUCSL electricity tariff revision discriminatory: Advocata
Electricity tariff design must meet two main objectives: firstly, raising the money needed to pay for the costs of provision, and secondly, sending the right …
RIUNIT launches comprehensive reports on South Asia’s real estate market trends
In a significant stride towards fostering transparency and informed decision-making within South Asia's real estate landscape, the Research Intelligence Unit …
Fitch Affirms Melstacorp and Subsidiary Distilleries at ‘AAA(lka)’; Outlook Stable
Fitch Ratings has affirmed the National Long- Term Ratings of Sri Lanka-based conglomerate Melstacorp PLC and its subsidiary, Distilleries Company of Sri Lanka …
Imperative for SOE Reforms in focus at Sri Lanka Economic Summit 2023
The second session of the Sri Lanka Economic Summit 2023 titled ‘SOE Reforms – Now or Never’ will focus on the imperative for SOE reforms, sharing …
Fitch downgrades Senkadagala Finance’s National rating to ‘BBB(lka)’, Removes RWN
Fitch Ratings has downgraded Sri Lanka-based Senkadagala Finance PLC's (Senka) National Long-Term Rating to 'BBB(lka)' from 'BBB+(lka)'. The Outlook is Stable. …
Fitch affirms four Sri Lankan finance and leasing companies’ ratings; off RWN; Outlooks stable
Fitch Ratings has affirmed the support-driven National Long-Term Ratings of four Sri Lankan bank subsidiary finance and leasing companies (FLCs). The Outlooks …
CSE integrates with TradingView to facilitate advanced charting via MyCSE
The Colombo Stock Exchange (CSE) is proud to announce the integration of TradingView Technical Charts which facilitates advanced charting via MyCSE portal, to …
Lower global growth forecasts for 2023 and 2024: IMF
The World Economic Outlook October Update says global growth is forecast to slow from 3.5 percent in 2022 to 3.0 percent in 2023 and 2.9 percent in 2024. The …
Eran exposes SL’s plight of human capital flight; Govt. not bringing any solution to preserve health sector
Eran Wickramaratne, Member of Parliament of the Samagi Jana Balavegaya, accused the government of not bringing any solution or alternative arrangements to …
PwC Sri Lanka firms announce exit from PwC network, and their plans to join Deloitte network
The Sri Lanka firms of the PwC network have announced their decision to exit the network. The firms intend to join the Deloitte network, with effect from 28 …
Harsha proposes tax reforms to relieve burden on middle class and professionals
MP Harsha de Silva's Tax Reform Proposal: Simplify PAYE tax structure and introduce surcharge.Surprising Revenue Figures: PAYE collection surpasses …
Kasturi Chellaraja to join a global firm after resigning from Hemas Holdings
Hemas Holdings PLC, a leading Sri Lankan conglomerate, today announced the resignation of Ms. Kasturi Chellaraja Wilson from her position as Group Chief …
David Cameron kicks off Port City Colombo’s global investment drive
Representatives of top corporations in the UAE, accompanied by high-potential investors, property developers, hotel owners, and leaders in the hospitality and …