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Cabinet Approval for USD18.50 Service Fee, User-Pay Model Imposes No Govt Costs: VFS Global
The government benefits from increased efficiencies and transparency in managing the complete process and improved resource utilisation through the launch of the new Sri Lanka E-Visa platform, says VFS Global in Sri Lanka. Releasing a statement, the company said that the solution is offered through a user-pay model, at no cost to the government and […]
Colombo among first 9 destinations to join Emirates’ A350 network
Colombo will be among the first set of destinations to be served by Emirates’ A350 aircraft entering service in September 2024, the airline announced today. Emirates’ fourth daily service to Colombo EK654/655 will be served by the A350 from 1 January 2025. With 10 new A350s expected to join the Emirates fleet by 31 March […]
IFC to invest Rs.3,270Mn in Sunshine Healthcare Lanka Ltd
Sunshine Healthcare Lanka (SHL), the healthcare arm of the diversified conglomerate Sunshine Holdings PLC, has entered into an agreement for a proposed equity investment of up to 3,270 million rupees by the International Finance Corporation (IFC). Subject to satisfaction of conditions, IFC will own approximately 14.7% stake in SHL. IFC investment fortifies Sunshine’s commitment to […]
‘s Reforms During Official Visit
Concluding a two-day visit, IFC’s Vice President for Asia Pacific, Riccardo Puliti, signaled IFC’s commitment to supporting Sri Lanka’s ongoing reforms and growth agenda, while emphasizing the importance of private sector-led development for inclusive economic growth. The visit served as an opportunity for Puliti to engage with key stakeholders, including meeting the President of Sri […]
Janashakthi Group appoints Minette Perera & Vishnu Balachandran to Board of Directors
Janashakthi Group (JXG) has appointed Minette Perera and Vishnu Balachandran as Independent, Non-Executive Directors to the Company’s Board of Directors. Minette Perera has a distinguished career as the former Group Finance Director of the MJF Group, where she played a pivotal role in managing finance functions across a vertically integrated tea operation. During her employment […]
EQT to acquire WSO2; acquisition to enable accelerated investment in technology
WSO2, the leader in digital transformation technology, announced today that it has signed a definitive agreement to be acquired by EQT. “We are thrilled to partner with EQT as we embark on the next phase of WSO2’s journey,” said Dr. Sanjiva Weerawarana, CEO and Founder of WSO2. “With EQT’s support and expertise, we are well-positioned […]
TISL Invites Public Comments on the Proposed Law on Recovery of Stolen Assets
Grand corruption has long plagued Sri Lanka, undermining the country’s economic development and eroding public trust in the government. Citizens have been increasingly vocal in their demand for justice, transparency, and the return of illicitly acquired wealth to benefit the nation. The Proceeds of Crime Act (POCA) intends to provide a legal framework for tracing, […]
‘s remarks on wage hike may be misunderstood
The Planters Association of Sri Lanka and its members are concerned that the President’s remarks may be misunderstood and lead workers and the public to assume that a final decision has been taken in this matter when it has not, the Assosiaction said in a statement. The Association’s statement was issued following widespread media coverage […]
Finance for Non-Finance Managers: Best-Seller on Amazon to be Ultimate Guide to Mastering Money Matters
Financial literacy is key to managing money effectively, but managers without a background in finance may find concepts such as budgeting, building and improving credit, saving, borrowing and repaying debt, and investing challenging. A recently released Amazon best-seller demystifies finance for non-finance managers and explains the intricacies of accounting fundamentals in simple terms. Written by […]
”’ Rating
Fitch Ratings has assigned Asia Asset Finance PLC’s (A+(lka)/Stable) proposed Sri Lankan rupee-denominated senior unsecured debentures of up to LKR2 billion an expected National Long-Term Rating of ‘A+(EXP)(lka)’.