DIMO together with Kalmar uplifts Sri Lanka’s port and inland container terminal operations
DIMO, a leading diversified conglomerate in Sri Lanka, and Kalmar, a global industry forerunner in port and inland container terminal automation and in …
Industry
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CA Sri Lanka’s 43rd national conference to influence chartered accountants to push for transformation
Amidst an unprecedented economic crisis engulfing the country, which has impacted businesses and citizens alike, the Institute of Chartered Accountants of Sri …
Port City Colombo to represent Sri Lanka at World Cities Summit 2022
CHEC Port City Colombo is representing Sri Lanka at the World Cities Summit 2022 to be held at the Marina Bay Sands, Singapore from the 31st of July to the 3rd …
JKH records EBITDA of Rs.13.33 billion in Q1; Resilient performance despite macro challenges
Summarised below are the key operational and financial highlights of our performance during the quarter under review: • Group EBITDA recorded a significant …
Blockchain platform SORA announced launch XOR currency in Sri Lanka
XOR - a blockchain-based currency under SORA - a blockchain-platform that holds XOR (the currency code for the cryptocurrency SORA) announced the launch of the …
Invest to progress, not to regress: bridging the infrastructure gaps in Sri Lanka
By : Tiffahny Hoole and Janani Wanigaratne Sri Lanka is going through a crisis of a magnitude that has never been witnessed in its economic history. The …
Sri Lanka introduces QR-based National Fuel Pass to manage fuel usage
The Ministry of Power & Energy today introduced the National Fuel Pass allowing the general public to purchase a guaranteed quota of fuel per week. …
Sri Lanka President steps down officially
Sri Lanka's Parliamentary Speaker Mahinda Yapa Abeywardena said President Gotabaya Rajapaksa has officially stepped down from his post. He made the …
Fitch Ratings: Non-European emerging markets vulnerable to EU growth shock
A recession in Europe, which is becoming more likely, would increase external strains and growth challenges for some vulnerable non-European sovereigns, …
Business as usual at Hambantota Port despite current fuel crisis in Sri Lanka
Operations at the Hambantota International Port (HIP) from port services, marine services, energy hub, Port Industrial Park and Integrated logistics are …
Investors continue to cash in on the Sri Lankan apparel sector’s resilience
Investors are cashing in on the strong prospects of Sri Lanka’s apparel and textile exports sector, the country’s main export industry, which caters to …
Fitch maintains People’s Bank, Commercial Bank & HNB’s National Ratings on Watch Negative
Fitch Ratings has maintained People's Bank's National Long-Term Rating of 'AA-(lka)' on Rating Watch Negative. The rating agency has also maintained Commercial …
Hemas Holdings set to enter Omani market: Foreign Ministry
Sri Lanka’s 72-year-old leading public quoted company Hemas Holdings PLC is set to enter the Omani market. Ambassador of Sri Lanka to the Sultanate of Oman …
Aitken Spence expands renewable energy portfolio with solar
Aitken Spence PLC reiterates their commitment to local and global sustainable development goals by acquiring Sagasolar Power (Private) Ltd, from the major …
SriLankan Airlines denies reports of flight cancellation
SriLankan Airlines would like to correct certain false information circulating on media about the possible cancellation of a host of SriLankan Airlines’ …
Ceylon Chamber appeals to all parties to prevent violence on 9th July
Ceylon Chamber of Commerce notes that a number of political parties, professional associations and civil society organizations have called for mass protests on …
JAAF commends industry’s resilience as apparel export earnings rise 30-pct YoY in May
The Joint Apparel Association Forum (JAAF) thanked all industry stakeholders for their outstanding resilience in ensuring that the sector continued to meet its …
ComBank ranked among world’s Top 1000 banks for 12th consecutive year
The globally-respected UK magazine ‘The Banker’ has once again included the Commercial Bank of Ceylon in its prestigious ‘Top 1000 World Banks’ …
Fairfirst Insurance introduces industry’s first Comprehensive Pedal Cycle Insurance Cover
Keeping up with the evolving trends in the external environment, Fairfirst recently introduced “Pedal Cycle Insurance” as another industry-first insurance …
Actions will be taken to liquidate five failed finance companies: Central Bank
Actions will be taken to liquidate the five failed finance companies in accordance with applicable legal provisions, Sri Lanka's Central Bank said. The …