Category: Other
STAX Head of Research reaches the finals of Bracken Bower Prize
(PRESS RELEASE) – STAX has long been known to attract top talent from some of the world’s most prestigious universities and corporates. Its Head of Research Piyumi Kapugeekiyana is a testament to this. Piyumi was recently selected as one of three finalists across the world for the prestigious and coveted Bracken Bower Prize. The Bracken Bower […]
Softlogic Life completes victorious 2018 by becoming Sri Lanka’s most awarded life insurer
(PRESS RELEASE) – Ending the year on a winning spirit, Sri Lanka’s number one health insurer, Softlogic Life, has become the country’s most awarded life insurance company in 2018. Softlogic Life rewrote the history books recently after it was conferred with eight prestigious accolades at three of the most prominent industry awards ceremonies in Sri […]
Sri Lanka signs agreement with FAO & China to strengthen fruit value chain
Dec 07, 2018 (LBO) – The signing ceremony of the FAO-China South-South Cooperation Tripartite Agreement between the Food and Agriculture Organization of the United Nations (FAO), China, and Sri Lanka took place at FAO headquarters on 6 December 2018. Food and Agriculture Organization said the aim of this South-South Cooperation project is to help Sri Lanka […]
Commercial Bank provides Internet Payment Gateway to Daraz
The Commercial Bank of Ceylon has been appointed the Internet Payment Gateway (IPG) service provider to ‘Daraz,’ South Asia’s premier online shopping market, to enable seamless online transactions for its large base of shoppers. The online payment processing of Daraz will be facilitated by Commercial Bank through Mastercard Payment Gateway Services (MPGS) and will provide […]
Planters’ Association says 100-pct increase in daily basic wage not sustainable
Dec 07, 2018 (LBO) – Planters’ Association of Ceylon has reiterated the position of its membership that a 100 percent increase in daily basic wages as demanded by the trade unions simply cannot be sustained by the industry. The comments came in the wake of an indefinite strike action declared by the trade union leaders of the […]
Joint Apparel Association Forum unveils its new logo & corporate website
Sri Lanka Apparel during its existence in the last 4 decades grew and set itself as the leading manufactured product exporter of Sri Lanka representing 43% of industrial exports and 40% of merchandising exports. With a contribution to the GDP in the range of 7% during the last decade and employment opportunities for 40% of […]
Sampath Bank Ranked One of Country’s Top Ten Corporate Citizens
(PRESS RELEASE) Also Wins Category Award for Governance at Best Corporate Citizen Sustainability Award 2018 Sampath Bank was recognized as one of Sri Lanka’s Top Ten Corporate Citizens of the year at the Best Corporate Citizen Sustainability Award 2018 held at the Cinnamon Grand, Colombo recently. The Bank was also adjudged the joint winner of […]
Hayleys crowned winner at CA Sri Lanka 54th Annual Report Awards
Leading conglomerate, Hayleys PLC triumphed at the 54th Annual Report Awards winning the coveted ‘Cyril Gardiner Memorial Trophy’ Gold Award for Overall Excellence in Annual Financial Reporting at the grand finale held on Tuesday, 04th December 2018. John Keells Holdings PLC won the silver award, while Commercial Bank of Ceylon PLC came in third with […]
” on sovereign downgrade
Fitch Ratings has downgraded the Insurer Financial Strength (IFS) rating of Sri Lanka Insurance Corporation (SLIC) to ‘B’ from ‘B+’. The Outlook is Stable. The rating action follows the downgrade of Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘B’ from ‘B+’ (see “Fitch Downgrades Sri Lanka to ‘B’; Outlook Stable,” dated 3 December […]
Central Bank of Sri Lanka hosts 54th SEACEN Governors’ Conference
The Central Bank of Sri Lanka hosted the 54th SEACEN Governors’ Conference / High-Level Seminar and the 38th Meeting of the SEACEN Board of Governors in Colombo from 29 November to 02 December 2018. These events were attended by Governors and delegates of SEACEN member Central Banks and Monetary Authorities. The Deputy Managing Director of […]
Appeal Court issues interim order preventing PM & Cabinet from functioning
Dec 03, 2018 (LBO) – Sri Lanka’s Court of Appeal on Monday issued an interim order restraining Prime Minister Mahinda Rajapaksa and the Cabinet from functioning until the petition against them is heard. Notices have also been issued to respondents to appear before the court on 12 December 2018. Judges who considered the arguments presented by […]
High Commissioner of Sri Lanka in UK calls on Commonwealth Sec-Gen
The newly appointed High Commissioner of Sri Lanka in the United Kingdom Manisha Gunasekera called on the Commonwealth Secretary-General Patricia Scotland on Thursday 29 November 2018 at the Commonwealth Secretariat in Marlborough House.The meeting entailed discussion on issues of mutual interest related to Sri Lanka’s longstanding cooperation within the Commonwealth.High Commission of Sri Lanka London