Relations between Sri Lanka and EU reviewed in Brussels
The Ambassador of Sri Lanka to the European Union Grace Asirwatham, who is completing her tour of duty in Brussels by the end of December 2023, had a farewell …
Industry
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Fitch Assigns DFCC Bank’s Basel III Subordinated Debt Final ‘BBB(lka)’
Fitch Ratings has assigned DFCC Bank PLC's (A-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to LKR8 …
Fitch Affirms Bank of Ceylon’s IDRs; Places Viability Rating on Rating Watch Negative
Fitch Ratings has placed Bank of Ceylon's Viability Rating (VR) of 'cc' on Rating Watch Negative (RWN). At the same time, Fitch has affirmed BOC's Long-Term …
Fitch Downgrades Singer (Sri Lanka) to A(lka); Outlook Stable
Fitch Ratings has downgraded Sri Lankan consumer-durable retailer Singer (Sri Lanka) PLC's National Long-Term Rating to 'A(lka)' from 'A+(lka)'. The Outlook is …
Oil palm industry, SLAAS and NSF are advocating for a reevaluation of policy by Govt of SL on the industry
The Sri Lanka Association for the Advancement of Science (SLAAS) and the National Science Foundation (NSF) hosted a workshop to review the policy on Oil Palm …
NurtureLeap, turning Jaffna’s raw talent into IT professionals
By Jekhan Aruliah For all its catastrophic consequences COVID-19 lockdowns at least had a silver lining for Sri Lanka’s towns and cities beyond the Western …
ComBank’s Rs 6 billion Debenture Issue to open on 12th December
The Colombo Stock Exchange (CSE) has approved in principle the listing of Commercial Bank of Ceylon’s Rs 6 billion Debenture Issue opening on Tuesday 12th …
Vallibel One records a net profit of Rs. 4.47 Bn during the second quarter
Notwithstanding the macroeconomic constraints and conditions that prevailed during the year, Vallibel One Group remained focused on delivering steadfast value …
Sri Lanka Economic Summit 2023 kicks off
The Ceylon Chamber of Commerce will host the Sri Lanka Economic Summit 2023 on November 28th and 29th at the Shangri-La Hotel, Colombo, with President Ranil …
DeepSphere.AI and 10QBIT announce partnership to promote Sri Lanka as AI innovation and talent hub
DeepSphere.AI, led by the esteemed AI expert Jothi Periasamy, and 10QBIT under the leadership of UK-based technopreneur Sanj Chandran, have announced a …
Amana Bank marks successful Rights Issue with ceremonial CSE market opening
Having carried out a successful Rights Issue with the objective of meeting the enhanced regulatory minimum capital, Amana Bank recently listed its Rights Issue …
VIDEO: What is OpenAI’s super-secret Project Q*
A breakthrough in artificial intelligence at OpenAI preceded former CEO Sam Altman's firing and was part of a list of the board's grievances, according to …
VIDEO: The Exciting, Perilous Journey Toward Artificial General Intelligence (AGI) | Ilya Sutskever
Just weeks before the management shakeup at OpenAI rocked Silicon Valley and made international news, the company's cofounder and chief scientist Ilya …
Advocata Institute raises concerns over enforcing minimum room rates for hotels in Colombo
The Advocata Institute raised concerns about the policy by Sri Lankan authorities to enforce minimum room rates for hotels in Colombo starting from October …
Commercial Credit enters digital Payment space with Pay&Go
Heralding its entry into the digital payment space, Commercial Credit and Finance PLC (CCF) recently announced its acquisition of a 19.99% stake in Mega …
Fitch Rates Bank of Ceylon’s Basel III Subordinated Debt BBB+(EXP)(lka)
Fitch Ratings has assigned Bank of Ceylon's (BOC) (CC/CCC-/A(lka)/Stable) proposed Basel III-compliant subordinated unsecured debentures of up to LKR10 billion …
HIP briefs newly appointed Sri Lankan Heads of Mission and Ambassadors
Seven Sri Lankan Heads of Mission/Ambassador designates to foreign embassies and high commissions, were given a detailed orientation by Hambantota …
FitsAir announces integration with Mastercard Payment Gateway Services to strengthen its payment infrastructure
FitsAir, Sri Lanka’s first privately owned international airline, today announced its partnership with Mastercard involving integration with the Mastercard …
Rising Gold-Backed Loans Elevate Risks for Sri Lankan Finance Companies, says Fitch Ratings
Rising gold-backed lending among Sri Lanka’s finance and leasing companies (FLC) sector is exposing financiers to higher collateral price risk and making …
Distilleries’ Acquisition of Heineken Lanka May Challenge Lion Brewery Share: Fitch Ratings
Lion Brewery (Ceylon) PLC (AAA(lka)/Stable), the leader in Sri Lanka’s beer market, could face more competition in the medium term following Distilleries …