Category: Featured
CFA Society Sri Lanka Capital Market Awards prompt greater assurance from unit trust funds
As the 10th annual CFA Society Sri Lanka Capital Market Awards scheduled for 21 June 2023draws closer, the Society takes the opportunity to revisit the award winners from last year, as part of its efforts to recognise and reward professionals who have established benchmarks for the advancement of domestic capital market participants. The Best Unit […]
Government bringing various anti-people laws, while creating racial and religious issues: Eran
Former President reversed gazettes, current one is reversing Acts At this moment, many problems have arisen in the country, in the backdrop of bringing several Bills including Broadcasting Authority Bill and the Anti- Corruption Bill by the government said opposition MP Eran Wickramaratne, addressing the media at the Office of the Leader of Opposition in […]
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 […]
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 […]
SL Rupee depreciates against USD
The Sri Lankan Rupee (LKR) has depreciated against the US Dollar (USD) today compared to last week, according to the Central Bank of Sri Lanka. Accordingly, today’s buying rate of USD is Rs 290.06 while the selling rate is Rs. 303.73. Last Friday’s buying rate of USD was Rs. 288.08 while the selling rate was […]
Sri Lanka PM Dinesh Gunawardena concludes successful visit to Thailand
Prime Minister Dinesh Gunawardena of Sri Lanka concluded a three day successful official visit to the Kingdom of Thailand from 31 May – 02 June 2023, at the invitation of the Rector of Mahachulalongkornrajavidyalaya University, Secretary General of International Council for the Day of Vesak (ICDV) and Executive Secretary of International Association of Buddhist Universities, […]
”; Outlook negative
Fitch Ratings has upgraded Sri Lanka-based Kotagala Plantations PLC’s National Long-Term Rating to ‘B+(lka)’, from ‘RD(lka)’. The Outlook is Negative. Fitch has simultaneously upgraded the National Long-Term Rating of Kotagala’s outstanding senior unsecured debentures to ‘B+(lka)’, from ‘C(lka)’. The upgrade reflects the completion of Kotagala’s debt restructuring process in May 2023. The Negative Outlook considers […]
From pollution to solution: Exploring SL’s waste issue World Environment Day 2023
It is 2023, and the world is at the mid-way point to 2030. Yet, the world’s progress on delivering Sustainable Development Goals (SDGs) are moderately to severely off track. The SDG Progress Report’s Special Edition from May 2023 outlines that the SDGs are disappearing in the rear-view mirror – and with them the hope and […]
MullenLowe Group launches LoweMedia: Appoints Sabry Haniz as VP and Director
Sri Lanka’s largest marketing communications group, The MullenLowe Group (MLG) launches LoweMedia on the 1st of June. LoweMedia becomes the 7th independently managed strategic vertical following the formation of the group’s six other strategic verticals. Today, MLG consists of MullenLowe (Mainstream advertising), LoweDigital (Social, Content and Paid Media) LoweActive (Brand Activation), LoweTech (Martech Services & […]
‘s proposed broadcasting authority act under fire: Harsha de Silva raises concerns
The government’s proposed Broadcasting Authority Act was criticized by the main opposition at a press conference held Wednesday. Parliamentarian Dr. Harsha de Silva warned the said legislation, touted as an effort to advance the mass media, actually serves as a tool for the government to crack down on and manipulate the media to suit its […]
Sri Lanka headline inflation down to 25.2-pct in May 2023
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100)1 decreased to 25.2 percent in May 2023 from 35.3 percent in the previous month. The decline in the headline inflation is broadly in line with the disinflation path envisaged by the Central Bank of Sri Lanka (CBSL) in […]
Courtyard by Marriott Colombo hosts Sri Lanka open 2023 Pro-Am golf tournament
Marriott Bonvoy, Marriott International’s award-winning travel program, teamed up with Courtyard by Marriott Colombo to host the Sri Lanka Open 2023 Pro-Am Golf Tournament. Kicking off 2023 on a green note, Marriott Bonvoy continues its long-term association with Shiv Kapur, an Arjuna Award winner and ace golfer. Shiv Kapur, a two-time European Challenge Tour champion […]