CEAT inflates radial tyre production to 600,000 units a year
CEAT Kelani Holdings has announced a production increase of 84,000 radial tyres per year for passenger cars and vans, in its second expansion in this segment …
Industry
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Oil spillage reported in Hambantota International Port
An oil spill has occurred at the Hambantota Port at approximately 6 pm on Sunday, 11 July 2021. The incident has occurred whilst a bunkering barge was …
ACL Cables completes fourth ‘ACL SAX’ conductor installation project
ACL Cables PLC, Sri Lanka's No.1 cable manufacturer recently completed another significant milestone with the installation of its fourth ‘ACL SAX’ 80mm² …
Hambantota International Port’s cargo handling volume increases amidst pandemic
As 2021 hits its halfway mark, the Hambantota International Port (HIP) records an overall growth in its volumes and diversification of services. The port’s …
SL Retailers’ Association urges for relief measures from PM
Sri Lanka Retailers Association (SLRA), the apex body of Sri Lanka’s Organised Retail Sector (ORS) consisting of last mile retailers, met Prime Minister …
SriLankan Airlines to resume flights to Moscow
SriLankan Airlines the National Carrier of Sri Lanka and a member of the oneworld alliance resumes flights to the Russian capital, Moscow. SriLankan's new …
Fitch Assigns Sri Lanka’s Ceat Kelani First Time ‘AA+(lka)’ National Rating
Fitch Ratings has assigned Ceat Kelani Holdings Pvt Limited (CKH) a National Long-Term Rating of 'AA+(lka)'. The Outlook is Stable. CKH's rating reflects its …
Shangri-La appoints JLL as exclusive leasing agent for One Galle Face Tower
In a first for the commercial real estate industry in Sri Lanka, the Shangri-La Group — one of the world’s premier developers, owners and operators of …
PUCSL signs MOU with USAID’s youth employment and entrepreneurship project
The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, signed a Memorandum of Understanding (MOU) with USAID’s youth …
Rising interest rates; a lifeline for life insurers: First Capital Research
Life Insurers are expected to benefit from rising interest rates due to the higher investment returns as asset allocation in Life Insurance is skewed towards …
Support Measures Ease Pressure on Sri Lankan Banks’ Credit Profiles: Fitch Ratings
Sri Lankan banks' performance in 2020 and 1Q21 exceeded Fitch Ratings’ initial expectations, thanks to stimulus and regulatory relief measures. However, we …
Dialog Axiata Launches Milestone 4,000th Network Tower in Thihawa
Reiterating its commitment to expanding connectivity to every corner of the nation, Dialog Axiata PLC, the widest network in Sri Lanka, launched its 4,000th …
Large Sri Lankan Banks Most Exposed to Sovereign Risk: Fitch Ratings
Sri Lanka's largest banks are the most susceptible to heightened sovereign risk due to their higher exposure to foreign-currency denominated government …
VIDEO: Windows 11 | Microsoft CEO Satya Nadella on the New ‘Start’ of the PC
Windows 11, due out later this year, is full of new features, including a new Start menu that's been moved to the center and a Microsoft Store with Android …
NDB Secures USD75Mn from the United States Development Finance Corporation
NDB Bank disclosed that they have secured a long term funding line of USD75Mn from the Development Finance Corporation of the United States to further the …
Vish Govindasamy elected as Chairman of Ceylon Chamber of Commerce
The Ceylon Chamber of Commerce elected Mr. Vish Govindasamy as its Chairman during the Chamber’s 182nd Annual General Meeting on Tuesday (29). Mr. …
WindForce Accredited by IESL to Train Graduate Engineers
WindForce Ltd., the pioneers of renewable energy in both Sri Lanka and other countries across the globe, has just been approved by the Institution of Engineers …
Pressure on Sri Lankan Corporate Ratings from Finance Subsidiaries’ Growth: Fitch Ratings
Sri Lankan rated corporates with financial-service (FS) subsidiaries face a rise in Fitch-adjusted debt and potential rating pressure due to the …
SriLankan Airlines upgraded to “Diamond” standard in Health Safety audit
SriLankan Airlines the national flag carrier of Sri Lanka has been awarded “Diamond” Standard by the APEX Health Safety (Airline Passengers Experience …
Post-Pandemic future; jobs in the pharma industry are evolving
By Sri Lanka Chamber of the Pharmaceutical Industry Pharmaceutical companies are witnessing changes in operations across the board, and events brought about …