Port City Colombo attracts world’s top investor Nathaniel Rothschild
World renowned financier and a member of Rothschild family, Nathaniel Rothschild who is in Sri Lanka for a brief business tour, paid a visit to Port City …
Industry
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SriLankan Airlines has been awarded Platinum Standard status by APEX Health Safety
SriLankan Airlines has been awarded the Platinum Standard status by APEX Health Safety powered by SimpliFlying following a full independent audit for our …
President declares open South Asia’s largest tyre manufacturing factory
President Gotabaya Rajapaksa declared open Ferentino Tire Corporation- PVT Ltd, largest tyre and radiator tyre manufacturing factory in South Asia today (14). …
Fitch revises 7, affirms 7 SL non-fin corporates’ ratings on national rating scale revision
Fitch Ratings has taken rating action on Sri Lankan non-financial corporates following the recalibration of its Sri Lankan National Rating scale to reflect …
East Container Terminal will not be sold or leased – President tells Trade Union representatives
President Gotabaya Rajapaksa assured representatives of Port Trade Unions that the East Container Terminal of the Colombo Port will not be sold or leased. The …
Softlogic Finance issues clarification regarding punitive action by CBSL
The Central Bank of Sri Lanka recently issued a statement on penalties imposed against several financial institutions, including Softlogic Finance PLC for …
CBSL permits Swarnamahal Financial Services to resume business for a limited purpose
Jan 12, 2021 (LBO) – The Central Bank has made an order permitting Swarnamahal Financial Services PLC to resume business notionally for a limited purpose and …
Central Bank to initiate legal process to wind up ETI Finance
Jan 12, 2021 (LBO) – The Monetary Board of the Central Bank has decided to cause Director, Supervision of Non-Bank Financial Institutions to make an …
Sri Lanka – Bangladesh agree to promote maritime cooperation
The newly appointed High Commissioner of the People’s Republic of Bangladesh to Sri Lanka Tareq Md. Ariful Islam representing presented his credentials to …
Uber marks 5 yrs in SL, serves 1.8Mn riders and 110,000 drivers
Jan 12, 2021 (LBO) - Uber today marks its fifth year anniversary in Sri Lanka, during which it has served 1.8 million riders, completed more than 53 million …
IFC’s $25Mn investment in NTB to help businesses continue operations amid COVID-19
In an effort to provide improved access to critical working capital for Sri Lankan businesses impacted by the COVID-19 pandemic and to help preserve jobs, IFC, …
FIU imposes penalties to finance companies for violation of customer due diligence rules
Jan 11, 2021 (LBO) – Financial Intelligence Unit (FIU) as the regulator for Anti-Money Laundering and Countering the Financing of Terrorism in the country, …
Sri Lanka’s boat manufacturing capabilities highlighted in Jordan
The Embassy of Sri Lanka in Jordan with the active facilitation of the Sri Lanka Export Development Board held a virtual Meeting on 6 January 2021, to showcase …
Foreign Minister assures the early resumption of medical tourism for Seychellois
The outgoing High Commissioner of Seychelles in Colombo Conrad Vincent Mederic called on Foreign Minister …
Union Assurance hosts virtual gala for annual awards
Union Assurance takes digital disruption to the next level as it felicitated top achievers of the Agency and Bancassurance sales force at a glittering Virtual …
Korean based Heung A Line expands services to Sri Lanka
Heung A Line head quartered in South Korea launched its maiden service (SIS/CI6) in Sri Lanka with its first vessel call at the CICT of the Port of Colombo …
SriLankan Airlines calls on the Airline Pilots’ Guild to put the country first
SriLankan Airlines has been supporting the national economy and country since the closure of the Bandaranaike International Airport in March 2020 with the …
SL fiscal deficit to reach 11.3-pct of GDP in 2021: All clear for stronger growth in 2021
Asia Securities, a stockbroking firm says that all signs point to a strong GDP growth trajectory in 2021. The latest Economic Outlook report titled Balancing …
CA Sri Lanka’s annual report awards to comeback this year
The prestigious Annual Report Awards Competition organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), is set to make a grand …
Asia Securities forecasts strong growth trajectory for equities in 2021
Following a year of volatility, leading stockbroking firm Asia Securities (Pvt) Ltd, notes that the road ahead for Sri Lanka’s capital markets is optimistic, …