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CSE creates awareness on Regulated Short Selling (RSS) through Stock Borrowing and Lending (SBL)
The Colombo Stock Exchange (CSE) conducted a series of virtual workshops and intends to continue more workshops on Regulated Short Selling (RSS) through Stock Borrowing and Lending (SBL), creating awareness on the two features to diverse groups of individuals. The virtual workshops are being conducted in Sinhala, English and Tamil with the intention of reaching […]
Privatisation is the need of the hour:Advocata
“At the interim budget last year, a list of SOEs reforms were provided to be restructured. 14 months later nothing has changed even in one SOE.”- Prof. Rohan Samarajiva, a policy expert and an advisor of the Advocata Institute. He made these comments at Advocata’s press briefing, organised to highlight the urgency of carrying out […]
Siddhalepa is named on LMDs most respected brand for year 2022
Siddhalepa, the pioneering Ayurvedic entity in Sri Lanka, was yet again ranked last month in LMD’s 19th Annual Most Respected Brands for the year 2022. This prestigious acknowledgment marks the ninth time Siddhalepa has been recognized by LMD, reaffirming its unwavering commitment to excellence and its enduring 90-year dedication to improving the lives of people […]
HIP breaks record in RORO Transshipment: Half a Million units handled
The Hambantota International Port (HIP) clocked half a million transshipment units for this year in September 2023, surpassing the port’s previous year’s RORO numbers. “As the global economy recovers gradually, we continue to aggressively market our location and services. As a result, RORO transshipment is steadily increasing at HIP and we have been able to […]
Australia and Sri Lanka renew Trade and Investment Framework Arrangement (TIFA)
A renewed Trade and Investment Framework Arrangement (TIFA) was signed yesterday between Australia and Sri Lanka. Paul Stephens, Australian High Commissioner to Sri Lanka, and AMPMB Atapattu, Secretary of the Ministry of Trade, Commerce and Food Security, signed the renewed arrangement yesterday in Colombo. Australia’s Assistant Minister of Foreign Affairs, Tim Watts MP, and Sri […]
‘ ratings; off RWN; Outlooks stable
Fitch Ratings has affirmed the support-driven National Long-Term Ratings of four Sri Lankan bank subsidiary finance and leasing companies (FLCs). The Outlooks are Stable. The four FLCs are: CBC Finance LTD (CBCF) at ‘BBB+(lka)’; HNB Finance PLC (HNBF) at ‘BBB+(lka)’; Siyapatha Finance PLC at ‘BBB+(lka)’; and UB Finance PLC (UBF) at ‘BB(lka)’. At the same […]
Ceylon Chamber expresses deep concern over continued delays in establishing Digital ID
The Ceylon Chamber of Commerce, together with industry stakeholders, stresses the vital importance of implementing a Digital ID system to propel the transformation of the Sri Lankan economy. As a foundational pillar of a Digital Economy, the Digital ID holds immense potential to play an integral role in reshaping economic revival, safeguarding vulnerable communities with […]
Sri Lanka assumes Chair of Indian Ocean Rim Association (IORA) at 23rd Council of Ministers in Colombo
Sri Lanka assumed the chairmanship of the Indian Ocean Rim Association (IORA) at the 23rd IORA Council of Ministers which concluded in Colombo on 11 October 2023. Foreign Minister Ali Sabry chaired the meeting. Sri Lanka is a founding member of IORA which was established in 1997, and previously served as its Chair from 2003 to 2004. […]
FitsAir celebrates one year of International Scheduled Passenger Services
FitsAir, the trailblazing privately-owned airline in Sri Lanka known for its affordability and punctuality, recently celebrated its one-year anniversary with great enthusiasm. This milestone marked a year filled with achievements, innovation, and a vibrant, youthful spirit. In just twelve short months, this dynamic airline has made a significant impact on Sri Lanka’s aviation industry while […]
WSO2 Ranked No. 5 In ‘Highest-Rated Cloud-Computing Companies to Work For’ List
WSO2, the leader in digital transformation technology, was recently recognized as one of the highest-rated cloud-computing companies to work for in the sixth-ever list released by Battery Ventures, the globally, technology-focused investment firm, created with data provided by Glassdoor. The list recognizes the top 25 private and top 25 public companies—all business-to-business (B2B) cloud-computing companies—where […]