PM Mahinda meets with Omani investors
Prime Minister Mahinda Rajapaksa met with an Omani investors delegation from Shumookh Investment and Services SAOC which is the investment arm of Madayn - The …
Industry
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Fitch rates Commercial Bank’s Basel III Subordinated Debt ‘A(EXP)(lka)’
Fitch Ratings has assigned Commercial Bank's proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to LKR10 billion an …
Risks for Sri Lankan Banks May Rise on End of Restriction on ISB Investments: Fitch Ratings
The end of the suspension on Sri Lankan banks' investments in international sovereign bonds (ISBs) issued by the Sri Lanka sovereign (CCC) has the potential to …
Creating an inclusive National Tourism Policy for SL: Transforming sector one question at a time
Mapping the future of the tourism sector in Sri Lanka is vital for the country’s economic recovery post COVID-19. In line with this, the Ministry of …
Opinion:Negative effects of organic manure for Sri Lanka’s entire tea industry
I.D. Gooneratne Former Director of J.E.D.B, III Regional Agricultural advisor to 20 tea estates Consultant, functioned as Deputy Director, Extension Services …
Plug & play ‘Park in park’ manufacturing facility at Hambantota Port Industrial Zone
The Hambantota International Port Group (HIPG) has partnered with Shenzhen Xinji Group to set up a plug-and-play ‘Park in park’ manufacturing facility …
PUCSL publishes hotline for electricity complaints
Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator launches a hotline to address and resolve the electricity complaints online …
Captain Nihal Keppetipola assumes duties as new Chairman of Sri Lanka Ports Authority
Captain Nihal Keppetipola assumed duties as the 27th Chairman of the Sri Lanka Ports Authority yesterday (22.06.2021). On the instructions of President …
Travel restrictions to be relaxed from June 21st: Inter-provincial restrictions to remain
Inter-provincial travel restrictions to remain… Permission to conduct last rites on non-COVID 19 deaths within 24 hours… It has been decided to relax …
Sampath Bank concludes Rs.750Mn structuring & investing in LVL Energy Fund’s unlisted bond
Sampath Bank PLC announced that it had recently concluded the structuring and investment of an unquoted, secured, non-convertible, deep-discounted bond …
Indian assistance to promote solar power project
Measures have been taken to increase the contribution by renewable energy sources to the national power grid by enhancing solar power generation as per the …
India Exim Bank to grant USD 100mn credit line to promote solar power in Sri Lanka
Measures have been taken to increase the contribution of renewable energy sources to the national power grid by enhancing solar power generation as per the …
INSEE Cement strengthens commitment to restore Nation on world environment day
INSEE Cement, Sri Lanka’s only fully integrated manufacturer of cement, reaffirmed its commitment towards ‘a restored nation’, answering the global call …
Emirates Group announces 2020-21 results
The Emirates Group today announced its first year of loss in over 30 years caused by a significant drop in revenue, fully attributed to the impact of COVID-19 …
Brandix sustainability summit calls for net-zero carbon future
Brandix hosted its inaugural Sustainability Summit on the 4th of June, in celebration of World Environment Day 2021 on 5th June. The summit focused on the …
IFC invests $5 mn in Sunshine Holdings to help diversify business operations in Sri Lanka
Consumers in Sri Lanka are set to benefit from a new $5 million investment by IFC to Sunshine Consumer Lanka Ltd, a subsidiary of Sunshine Holdings PLC …
CSE reports highest quarterly earnings surpassing LKR 100bn milestone: Softlogic Research
The CSE witnessed another landmark, as reported earnings crossed the LKR 100bn mark for the first time in the history of the CSE during the first quarter of …
Ceylon Petroleum Corporation to build new storage facility at Hambantota International Port
The Ceylon Petroleum Corporation (CPC) signed a Memorandum of Understanding with the Hambantota International Port Group (HIPG), last week to develop …
Standard Chartered facilitates a trade loan to import 4 million COVID-19 vaccine doses for SPC
Standard Chartered Sri Lanka has successfully financed the import of 4 million COVID-19 vaccine doses for the State Pharmaceuticals Corporation by facilitating …
Interview: CIAM; Challenges, opportunities and utilising it to meet evolving customer needs
Prabath Siriwardena, Vice President and Deputy CTO – Security Architecture at WSO2 discusses some of the challenges, opportunities and points to note …