Breakdown at Lakwijaya Thermal Power Plant: Unit 02 Generator Shut Down for Repairs
The Lakwijaya Thermal Power Plant in Norochchole encountered an emergency breakdown in its High-Pressure Heater System, forcing the halt of the Unit 02 …
Industry
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Deloitte South Asia CEO to visit Sri Lanka this month
Romal Shetty the Chief Executive Officer of Deloitte South Asia is slated to visit Sri Lanka this month. His visit was announced on the day when over 500 …
Design Code: Showcase of creativity, innovation, and collaboration
The University of Moratuwa unveiled their annual design showcase, "Design Code," scheduled to take place from November 23rd to 26th. The Design Code, a …
HEINEKEN signs agreement with Distilleries Company of Sri Lanka
Heineken International B.V. (HEINEKEN) has signed an agreement with Distilleries Company of Sri Lanka PLC (DCSL) today. DCSL is a Public Limited Liability …
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 …
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 …
Comm Bank Group’s 9-month gross income up 30.88-pct to Rs 256 Bn
A heightened emphasis on lending has seen the Commercial Bank Group increase gross loans and advances by Rs 51.404 billion in the third quarter of 2023 at a …
CEB e-Billing System extended for more areas
The Ceylon Electricity Board (CEB) has announced the implementation of the CEB e-Billing system for more areas. Accordingly, customers residing in the …
Launch of the Artificial Intelligence Readiness Assessment for Sri Lanka
The advent of Artificial Intelligence (AI) is ushering in rapid transformation across various economic sectors, promising to revolutionise industries such as …
Epic Lanka unveils digitalization strategy beyond 25 years with 20 innovative products
Epic Lanka, a wholly Sri Lankan-owned fintech and digital transformation solutions provider with a quarter-century of experience in the IT industry, recently …
World Bank Approves USD150 Million to Strengthen Sri Lanka’s Financial Sector Safety Net
The World Bank Executive Board approved US$ 150 Million under the Sri Lanka Financial Sector Safety Net Strengthening Project to strengthen the financial and …
Government pledges support for spice industry revival
President Ranil Wickremesinghe, called for a comprehensive program to revive the country's spice industry, which was once a major source of income. Speaking at …
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 …
DFC Commits Half Billion Dollars to Port Infrastructure in Colombo, Sri Lanka
The U.S. International Development Finance Corporation (DFC) today announced it has committed more than half a billion dollars to support the development of a …
Interview: CSE launch’s newest feature in trading, Stock Borrowing and Lending (SBL) and Regulated Short Selling (RSS)
What is Stock Borrowing and Lending (SBL)? Stock Borrowing & Lending (SBL) is a mechanism that is introduced by the Colombo Stock Exchange (CSE) through …
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 …
Cinnamon hotels and resorts to host celebrity Chef Gary Mehigan in Sri Lanka
Gary Mehigan, the renowned British-Australian Michelin Star celebrity chef and much-famed former original judge of MasterChef Australia, is gracing the shores …
Fitch Assigns Commercial Bank of Ceylon’s Basel III Subordinated Debt Final ‘BBB+(lka)’
Fitch Ratings has assigned Commercial Bank of Ceylon PLC's (COMB, A(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III compliant subordinated …