Sierra Cables register commendable performance in 2Q; wins new tender for uPVC pipes
Sierra Cables, Sri Lanka’s leading manufacturer of copper and aluminium cables at the forefront of meeting multiple needs across industrial sectors, posted …
Industry
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Private sector an equal partner in economic revival: Dr. Hans Wijayasuriya
Dec 02, 2020 (LBO) - Chairman of the Ceylon Chamber of Commerce has called on the private sector to be an equal partner in securing an accelerated economic …
Phase 5 of Jaya container terminal of SLPA commences
Dec 01, 2020 (LBO) - The construction of the phase 5 of the Jaya Container Terminal (JCT) of Sri Lanka Ports Authority (SLPA) commenced today. The event was …
Fitch downgrades SriLankan Airlines government-guaranteed bonds to ‘CCC’
Dec 01, 2020 (LBO) – Fitch Ratings has downgraded the rating on SriLankan Airlines Limited's (SLA) USD175 million government-guaranteed 7% unsecured bonds …
Sampath Bank offers attractive loans for commercial & residential solar power projects
Extending its support to the Sri Lankan Government’s intention to increase the use of solar power among commercial and residential sectors, Sampath Bank PLC …
OCTAVE: Integrating advanced analytics with front-line business decisions
OCTAVE, the John Keells Group’s Data and Advanced Analytics Center of Excellence is making strides to build a world-class analytics practice to derive the …
Sri Lanka vehicle registrations continue to dip in Oct 2020
Sri Lanka’s vehicle registrations in October hit a record low across the board, including all commercial vehicle categories, due to the economic impact of …
Sustainable blue-economy is future of Bay of Bengal region
Addressing a special BIMSTEC public event held on 20- 21 November 2020 in Bangkok, Sri Lanka’s Ambassador to Thailand Samantha K. Jayasuriya said that Sri …
CMA CGM vessels do maiden relay transshipment at Hambantota International Port
Two vessels owned by global French transportation and shipping group CMA CGM made their maiden call at HIP last week. The vessels which were scheduled to call …
Ministry of Technology comes under President’s purview
Nov 26, 2020 (LBO) – In accordance with the revision of subjects under Ministries on November 20th, Ministries of Defence and the Technology have been bought …
Asia Securities wealth management launches new money market fund
Asia Securities Wealth Management (Pvt) Ltd., the investment management arm of Asia Securities, launched the Asia Securities Money Market Fund today. Regulated …
Sri Lanka Govt and ADB sign USD 165Mn loan agreement to aid COVID hit SMEs
The Asian Development Bank (ADB) and the Government of Sri Lanka today signed a $165 million loan agreement to provide immediate financing support for small …
Mastercard index of women entrepreneurs: COVID-19 could set-back a generation of women in business
Women across the world have been disproportionally impacted by the COVID-19 pandemic – a staggering 87% of women business owners say they have been adversely …
ComBank adds QR code to Credit Card statements
The Commercial Bank of Ceylon has become the first bank in Sri Lanka to enable its credit card holders to conveniently and instantly settle their credit card …
Emirates offers expanded, multi-risk travel insurance coverage
Emirates customers can now plan their travels and fly with even greater assurance and peace of mind, with the airline’s latest industry-first initiative to …
Facebook launches #BeDiscovered campaign in Sri Lanka to empower & inspire local businesses
As part of Facebook’s efforts to empower local small and medium-sized businesses (SMBs), Facebook launches the #BeDiscovered campaign in Sri Lanka and …
Sovereign bond opportunity is “too good to miss” says new Chair of Ceylon Asset Management
The new Chairman of Ceylon Asset Management (CAM), Mr. Malaka Bandara highlighted “this is a rare opportunity to invest in SL Sovereign Bonds at discounted …
ADB to help SL small and medium-sized enterprises recover from COVID-19
The Asian Development Bank (ADB) has approved a $165 million loan to Sri Lanka to provide immediate financing support for small and medium-enterprises (SMEs), …
MAGA constructs Manning Market complex in Peliyagoda
The new Manning Market Complex in Peliyagoda was inaugurated on 20 November 2020 by the Prime Minister Mahinda Rajapaksa. The complex houses 1192 shops and is …
Antibiotic resistance: SLCPI calls for responsible antibiotics prescription, use
The Sri Lanka Chamber of the Pharmaceutical Industry (SLCPI) reiterated its commitment towards raising awareness on ethical marketing, prescribing and use of …