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Sri Lanka’s DFCC’s Acuity Stake Disposal Yields Limited Capital Boost
Sri Lankan DFCC Bank PLC’s (DFCC, A(lka)/Stable) divestment of its 50% stake in Acuity Partners (Pvt) Limited (APL) is unlikely to result in a material improvement in its regulatory capital ratios or have any impact on its national rating, says Fitch Ratings. We expect the transaction, valued at LKR6.5 billion, to improve DFCC’s capital buffers […]
Vehicle Cost Calculator: 2025 Brand New vehicle prices for new orders after import ban
Explore the Vehicle Cost Calculator provided by Capital Alliance by clicking the link below.
CA Sri Lanka’s Public Sector Wing, APFASL, Highlights Key Reforms in Procurement Guidelines 2024
The Association of Public Finance Accountants of Sri Lanka (APFASL), the public sector wing of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), successfully concluded a seminar and launched a training programme on the newly introduced Procurement Guidelines 2024. The event, held on 30th January 2025, brought together over 400 public sector […]
British High Commissioner welcomes appointment of new UK Trade Envoy for Sri Lanka
Lord John Hannett of Everton OBE has been appointed as the new United Kingdom’s Trade Envoy for Sri Lanka. Lord Hannett will support the UK’s trade and investment promotion objectives by engaging with senior Sri Lankan and UK stakeholders to promote market access and create opportunities for UK businesses to deliver mutual economic growth for […]
Joint Chambers and Associations proposed solutions for Port congestion crisis
In light of the ongoing challenges faced at the Colombo port, the below listed Joint Chambers, along with key trade, maritime and logistics associations, wish to propose solutions to mitigate the impact of port congestion on the nation’s economy. Further, exporters are facing potential delays with imported inputs, missed shipping opportunities, and increased processing costs, […]
Rothschild Estate: Preserving Sri Lanka’s legacy through innovation and excellence
In the world of tea, James Taylor often takes center stage as the pioneer credited with establishing Sri Lanka’s tea industry during British colonial rule at Loolecondera estate. However, a lesser-known fact is that one of the very first experiments in adapting tea to Sri Lankan soil actually commenced at Rothschild Estate by Maurice and […]
Is the country prepared to harvest the potential dollar income through its rubber industry?
By Emeritus Professor Asoka Nugawela (Department of Plantation Management, Wayamba University of Sri Lanka & Former Director, Rubber Research Institute of Sri Lanka) Sri Lanka earned 930 million US$ from the export of both raw rubber and rubber products in 2023. Out of that the major share, around 900 million US$, came from the export […]
Industry veteran Saifuddin Jafferjee re-elected Chairman of JAAF
The Joint Apparel Association Forum (JAAF) held its 21st Annual General Meeting on 27th January in Colombo. Speaking at the event the reappointed Chairperson, Saifuddin Jafferjee, reflected on the achievements of the past year while emphasizing the work needed to navigate upcoming challenges in the apparel industry. “I am deeply honored to serve this incredible industry […]
VIDEO: Microsoft Probes DeepSeek Data; Alibaba Says Its AI Model Is Superior to DeepSeek
Alex Stamos, SentinelOne chief information security officer, outlines the security concerns related to DeepSeek’s app and the safety of their open-source code. Alibaba says it’s new artificial intelligence model is superior to DeepSeek. It says the Qwen 2.5 Max edition scored better than Meta Platforms Inc.’s Llama and DeepSeek’s V3 model in various tests.
Central Bank maintains Overnight Policy Rate at the current level
The Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on 28 January 2025, decided to maintain the Overnight Policy Rate (OPR) of the Central Bank at its current level of 8.00 per cent. The Board arrived at this decision following a careful analysis of the current and expected macroeconomic […]