UK’s CDC Group commits USD50Mn to ComBank to bolster SME lending and climate projects
Facility to target funding directly at underserved SMEs, boost jobs and promote economic and social inclusion across Sri Lanka Supports development of clean …
Industry
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Fitch Downgrades AMW Capital Leasing And Finance to ‘A(lka)’; Outlook Negative
Fitch Ratings has downgraded AMW Capital Leasing And Finance PLC's (AMWCL) National Long-Term Rating to 'A(lka)', from 'AA-(lka)'. The Outlook is Negative. KEY …
Sunshine Holdings records 54% top-line growth in 1Q with acquisitions in Healthcare & Consumer
Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) continued to demonstrate resilience amidst prevailing macro-economic conditions after …
Facebook Marketplace Comes to Sri Lanka
Facebook has announced that Facebook Marketplace is now available in Sri Lanka, making it easier for people to discover, buy and sell items from others in …
Earn a mile-a-minute in Dubai with Emirates skywards
The loyalty programme has launched a special offer allowing members to earn a “Mile-A-Minute in Dubai” as the city gears up to host Expo 2020, and as the …
Teejay Lanka steps into 2021-22 with improved Q1 performance
Teejay Lanka PLC has made an encouraging start to FY 2021-22 with solid top and bottom line growth in the three months ending 30th June 2021, shrugging off the …
Airport and Aviation Services ramps up digital transformation with IFS
IFS, the global enterprise applications company, announces that Airport and Aviation Services (Sri Lanka) has successfully implemented IFS Enterprise Resource …
Global tech company, HCL, to take up 80-pct of ‘The Offices’ at Cinnamon Life
Colombo’s newest state-of-the-art office tower, ‘The Offices’ at Cinnamon Life has been chosen as the hub for leading global technology company, HCL …
CA Sri Lanka’s prestigious Annual Report Awards makes a comeback this year
In its continuing determination to crown the most brilliant financial reports produced in the country, the Institute of Chartered Accountants of Sri Lanka (CA …
SLT introduces e-learning platform for all SLTDA registered tourist guides
As an initiative to uplift the reviving tourism industry in the country, Sri Lanka Tourism Development Authority in collaboration with Sri Lanka Institute of …
Expolanka group reports gross profit of Rs.14.4Bn
259% YoY growth in Group Profit After Tax up to Rs. 6.3 Bn165% YoY increase in Group revenue up to Rs. 95.7BnLogistics growth driven by surging retail demand …
ICRA economic outlook for 2H 2021: Economy relapses amid the third wave
Key Takeaways Expedited vaccine rollouts in many major economies have enhanced global growth outlook for 2H 2021. Sri Lanka which was earlier expected to be a …
SriLankan Airlines returns to Moscow with direct flights
SriLankan Airlines announce the commencement of direct flights between Sri Lanka and Russia today. The inaugural flight was ceremonially greeted with a water …
The Chamber Academy holds Discussion and Overview of the Data Protection Bill
The Chamber Academy, the knowledge arm of the Ceylon Chamber of Commerce in partnership with the Information and Communication Agency (ICTA) will be hosting a …
Top real estate developers identified in new brand health survey 2021
This year’s Research Intelligence Unit (RIU) survey delved deeper than brand surveys of the past by looking into multifarious factors that included brand …
Sampath Bank Introduces Helpline for Business Startup Advisory Services
Sampath Bank announced the launch of a helpline for Business Start-up Advisory Services under its flagship entrepreneurship development programme, ‘Sampath …
John Keells Group records strong Q1 performance; Q1 EBITDA at Rs.4.76 bn
The profit attributable to the equity holders of John Keells Group is Rs.1.53 billion for the three months ended 30 June, compared to a negative Rs.1.66 …
NDB posts solid performance in H1 2021 amidst the pandemic
28 July 2021, Colombo, Sri Lanka Pre-tax profits crosses LKR 6 Bn (up by 21%), Post-tax profits of LKR 3.9 Bn (up by 32%)Robust growth in fund and fee income …
MAGA to design and construct two flyovers in Col 02 valued at Rs. 5.2Bn
Maga Engineering has begun construction of two new flyovers in Slave Island (Colombo 02), along Justice Akbar Mawatha and Uttarananda Mawatha. The proposed …