All Blogs
TRI-ZEN: Revolutionizing smart living in SL, 75-pct of inventory sold
Engineered for the future, TRI-ZEN apartments, located in the heart of Colombo in Union Place, Colombo 2, announced the successful sale of 75% of its inventory to date, as the much-anticipated project nears completion by the end of 2023. This remarkable achievement underscores the tremendous appeal and demand for TRI-ZEN, which is a joint venture […]
Global Leaders Convene in Paris for Summit on New Global Financing Pact
President Emmanuel Macron of the French Republic has invited world leaders, including President Ranil Wickremesinghe, to participate in the highly anticipated Global Leaders’ Summit for a New Global Financing Pact. The event, scheduled to take place in Paris on 22 and 23 June, aims to address the pressing challenges faced by the world today. The […]
‘s Bank, HNB, Commercial Bank & Bank of Ceylon
Fitch Ratings has maintained the Rating Watch Negative (RWN) on the ‘A(lka)’ National Long-Term Rating of People’s Bank (Sri Lanka) (PB). The rating agency has maintained Hatton National Bank PLC’s (HNB) National Long-Term Rating of ‘A(lka)’ on Rating Watch Negative (RWN) and maintained HNB’s senior and subordinated debt ratings of ‘A(lka)’ and ‘BBB+(lka)’, respectively, on […]
Hemas Strengthens Presence in Consumer Brands Space, Acquires Remaining Stake in Atlas
Hemas recently announced the acquisition of a 24.9% stake of Atlas Axillia Company (Private) Ltd, for a total consideration of Rs.3.4Bn. With this strategic move, the Group now owns 100% of Atlas Axillia Company (Private) Limited, expanding its market presence and reinforcing its position as a key player in the Consumer Brands Sector. “Atlas […]
TISL takes bribery & corruption allegations surrounding X-Press Pearl Disaster to Supreme Court
Transparency International Sri Lanka (TISL) filed a petition in the Supreme Court yesterday (June 12), seeking to intervene in the ongoing Fundamental Rights case (SC/FR/Application No.168/2021) filed by the Center for Environmental Justice (CEJ) and three more petitioners, highlighting the serious allegations of bribery and corruption surrounding the X-Press Pearl disaster. The intervention petition is […]
Queen of the World Sri Lanka – Discovering the Unseen Power within Sri Lankan Women
Sri Lanka is gearing up to witness a remarkable celebration of the strong spirit and hidden potential of its women. The Queen of the World Pageant, scheduled to take place at the prestigious Nelum Pokuna Theatre on the 22nd of September 2023, aims to unleash the unseen power within Sri Lankan women and showcase their […]
Opinion: China Helps Sri Lanka’s Aspiration to Become a Major Logistics Hub in The Region
By Maya Majueran Sri Lanka is an island nation situated in a strategically important location in the Indian Ocean Region at the center of maritime trade routes in between East and West, as well as in the middle of Africa, the Arab, and Eastern worlds and is surrounded by the Bay of Bengal and the […]
99x expands global reach to set up technology centre in Malaysia
99x commenced operations at its technology centre in Malaysia, as part of its global expansion strategy. The technology centre was recently recognized with the Malaysia Digital status by the Malaysia Digital Economy Corporation (MDEC) as a contributor towards the Malaysian digital ecosystem.99x also intends to collaborate with leading tech universities to build digital product engineering […]
Former Telecom Regulatory Chief Asserts Privatizing Telecom Industry Poses No Threat to National Security
Privatization of the telecom industry does not pose a threat to national security, according to Professor Rohan Samarajeeva, former Director General of the Telecommunications Regulatory Commission. During his participation in the President’s Media Division’s ‘101 Katha’ program, Professor Samarajeeva expressed his opinion regarding the Sectorial Oversight Committee’s report on National Security, stating that it relies […]
Plantation sector to see growth in Q2 amid labour issues: Report
The Research Intelligence Unit, a multi sectoral research consultancy says plantation companies are very optimistic about the revoking of the ban imposed on the usage of chemical fertiliser and see it as the ex-factor for a production boost in 2023, as compared with 2022. The companies consider labour as a crucial element of their business […]