Fitch Affirms Ceylon Electricity Board at ‘AA –(lka)’; Outlook Stable
Fitch Ratings has affirmed Sri Lanka-based Ceylon Electricity Board's (CEB) National Long-Term Rating at 'AA-(lka)' with a Stable Outlook. They have also …
Industry
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Singapore Airlines to Resume Daily Services Between Colombo and Singapore
Singapore Airlines (SIA) today resumes daily services between Colombo and Singapore, increasing flight frequencies to seven times weekly from five weekly …
New Kelani Bridge construction completed by Advantis Projects and Engineering
Advantis Projects and Engineering, a subsidiary of Hayleys Advantis Limited, has successfully completed its share of construction work on the New Kelani Bridge …
Sampath and NDB Bank underwrite Sarvodaya Development Finance IPO
The Initial Public Offering (IPO) of Sarvodaya Development Finance (SDF) will open to the public on 23rd November and will comprise an initial issue of …
Loops, Truecaller partners to enable safety and efficiency to daily life business communications
Loops Integrated enters into a landmark partnership with Truecaller. Loops Integrated – a creative-led integrated marketing agency acclaimed for their …
Cost efficiencies drive 9-month growth for ComBank
The Commercial Bank of Ceylon Group has achieved characteristically equitable growth for the nine months ending 30th September 2021, despite a slowing down in …
HIPG signs MoU with BOI; joint shared services for industries in Southern Province
Hambantota International Port Group (HIPG) and the Board of Investment of Sri Lanka (BOI) signed a cooperative “Shared User Services” Memorandum of …
Sampath Bank Maintains its Sustainable Growth Trajectory
Sampath Bank produced strong results for the nine months ended 30th September 2021, despite the challenges caused by prolonged impact of the COVID -19 …
Finance Minister proposes one-time tax for big companies & financial institutions
Finance Minister Basil Rajapaksa proposed to impose a one-time tax surcharge of 25 percent on persons or companies with taxable income over Rupees 2,000 …
Reliance Industries acquires amanté from MAS Holdings
MAS Holdings announced that one of its subsidiaries, MAS Brands, which owns and operates the retail lingerie business under the brand amanté, was acquired by …
eChannelling Q3 financial performance sets foundation for growth: Records 116-pct growth YOY
eChannelling PLC, the largest Channelling Network in Sri Lanka and a subsidiary of SLT-MOBITEL, is gearing towards a quantum leap with acquisitions, expansion …
Teejay Lanka consolidates in Q2 to post 6-month revenue of Rs 23.1Bn
Topline grows 71% on higher demand for fabricNet profit improves by 59% to Rs 954.1 million for 1H Teejay Lanka PLC has built on its robust first quarter …
Hemas Group revenue up 19.8-pct over last year
Hemas Holdings PLC (HHL) delivered a strong first half amidst a challenging operating environment with half of the second quarter being under island wide …
PwC evaluates potential economic impact of Port City Colombo
PwC, on Tuesday, presented their latest assessment of the Port City’s economic impact to the Economic Commission. The assessment evaluates the potential …
Is wealth tax the solution to Sri Lanka’s low tax revenue collection?
By Sathya Karunarathne IntroductionSuccessive governments have run fiscal deficits. Inadequate revenue collection and unrestrained government expenditure have …
Emirates unveils more “Early Bird” fares in Colombo starting at just Rs 59,300
Valid for tickets purchased between 9 and 21 November, for travel between 1st December 2021 and 31 March 2022 As restrictions continue to ease regionally and …
World Bank VP reaffirms support for investments in people and resilient recovery
World Bank Vice President for South Asia, Hartwig Schafer, today concluded a six-day visit to Sri Lanka, reiterating the World Bank’s commitment to support …
EDB creates platform to develop bilateral trade between Sri Lanka & Bangladesh
A multi-party meeting on enhancing bilateral trade between Sri Lanka and Bangladesh was held at the Export Development Board (EDB) on 3 November, 2021, under …
HIP reaffirms gateway status with first shipment for local manufacturer
The Hambantota International Port (HIP) recently facilitated the shipment of locally manufactured trailers, marking the beginning of its services to the local …
Ex-Pack IPO oversubscribed, Highest in recent times
Ex-Pack Corrugated Cartons Limited’s LKR 700 million IPO, witnessed 6,000+ applicants seeking to subscribe, resulting in an 11X oversubscription. This is the …