Category: Featured
Indian External Affairs minister Dr. Jaishankar to arrive tomorrow in Sri Lanka
The Minister of External Affairs of India, Dr. Subrahmanyam Jaishankar will be undertaking an official visit to Sri Lanka on 20 June 2024. During this visit, the External Affairs Minister of India is scheduled to pay courtesy calls on President Ranil Wickremesinghe and Prime Minister Dinesh Gunawardena. The visiting Indian External Affairs Minister and his […]
CFA Society Sri Lanka celebrates capital market excellence
The annual CFA Society Sri Lanka Capital Market Awards recognizing and rewarding excellence in the local capital markets was held on Tuesday, 18 June 2024, at the Oak Room, Cinnamon Grand, Colombo. This year’s CFA Society Sri Lanka Capital Market Awards – a flagship event in the CFA Society Sri Lanka calendar – was held […]
Ceylon Chamber commends board-level agreement on second IMF review, Calls for sustained economic reforms
The Ceylon Chamber of Commerce congratulates the Government of Sri Lanka for securing a board-level agreement on the second review of Sri Lanka’s Extended Fund Facility (EFF) with the International Monetary Fund (IMF).This agreement provides Sri Lanka with immediate access to approximately SDR 254 million (about USD 336 million) in financing. This significant development further […]
‘s implementation of shortened settlement cycle for equity trades proves successful
The Colombo Stock Exchange’s (CSE) implementation of the shortened settlement cycle for equity trades has been executed seamlessly with the first settlement under the T+ 2 cycle taking place on 12 th July 2024, marking a significant milestone in Sri Lankan Capital Market operations. Investors have experienced swift payment processing, receiving their funds within two […]
WealthOS successfully raises £4Mn with institutional investors Barclays
WealthOS, a UK-based cloud-native wealth management platform founded by two Sri Lankan entrepreneurs and with product and engineering operations in Sri Lanka, recently secured £4 million in seed funding led by Barclays Bank. In addition to Barclays, WealthOS also garnered investment from Main Set, a division of the international investment firm Capricorn Capital Partners UK […]
Min Sabry attends BRICS Foreign ministerial outreach session in Russia
Foreign Minister Ali Sabry undertook an official visit to Russia at the invitation of his counterpart, Sergey Lavrov, Minister of Foreign Affairs of the Russian Federation from 10-11 June 2024 to attend the BRICS Foreign Ministers’ meeting with the developing countries held in Nizhny Novgorod, Russia. The meeting was attended by high level representatives of […]
Nobel Biocare launches in SL, Bringing advanced dental implant solutions with Delmege Healthcare
Nobel Biocare, a global leader in innovative implant-based dental restorations, is thrilled to announce its official launch in Sri Lanka. This marks the first time our prestigious brand, renowned for its rich history and deep clinical expertise, will be available in this dynamic market. As a pioneer in implantology, Nobel Biocare is excited to be […]
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Fitch Ratings has assigned Commercial Bank of Ceylon PLC’s (COMB, A(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III- compliant subordinated debentures of up to LKR20 billion a final National Long-Term Rating of ‘BBB+(lka)’. The final rating is the same as the expected rating assigned on 15 February 2024 and follows the receipt of documents conforming to […]
SriLankan Cargo reinvents service delivery with strong customer focus
SriLankan Cargo, the air cargo division of SriLankan Airlines, recently unveiled its reinvented service delivery framework and website, with a strong focus on customer experience. The new service model of SriLankan Cargo classifies service delivery under Freshness Class, Wellness Class, Precious Class and Guardian Class to ensure consistent and premium care for customers and their […]
Advocata welcomes economic transformation Bill
The Advocata Institute welcomes the government’s stated intention to move from an inward-oriented economy to a more open economy to boost international trade, foreign investment and productivity. The Sri Lankan government has gazetted the Economic Transformation Bill to overhaul the country’s economic landscape. This ambitious Bill aims to create a more competitive, export-oriented, and digitally-driven […]
Softlogic Capital grows 13-pct, records Rs. 431Mn PBT in FY24
Softlogic Capital, the financial services sector of the Softlogic Group consisting of Softlogic Life, Softlogic Finance, Softlogic Stock Brokers and Softlogic Asset Management (Softlogic Invest), recorded robust and resilient revenue growth, reporting notable top-line growth during the year ended 31 March 2024. Softlogic Capital’s consolidated revenue reached Rs.36.7 billion for the year ended 31 March […]
MullenLowe SL appoints Lakshika Gunatilake to head LowePublic
The MullenLowe Group Sri Lanka (MLG), the largest multidisciplinary brand communications group has appointed Lakshika Gunatilake, as the head of its Public Relations arm – LowePublic. Gunatilake joins the group after serving at Sri Lankan Airlines for the past 23 years. Her last position prior to taking up the role with MLG beingSriLankan Airline’s Digital […]