Category: Other
Digital Innovation Fund selects first phase of investments into startups
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, has selected new media platform, Roar, insurance broker, InsureMe and integrated healthcare platform MyDoctor.lk as its first phase of investments. The Digital Innovation Fund managed by BOV Capital, marks a definitive shift to foster startups and build further on the business capabilities of digital technology and talent […]
Sri Lanka records 4-pct unemployment rate in 4Q 2017
The Department of Census and Statistics (DCS) Sri Lanka has released the results of the Sri Lanka labour force survey for the fourth quarter of 2017 (October, November, December).Labour Force Survey (LFS) is designed to measure the levels and trends of employment, unemployment and labour force in Sri Lanka. This survey has been conducted quarterly, […]
‘s Basel III sub-debt issue final A-(lka)
Fitch Ratings has assigned Nations Trust Bank PLC’s (NTB, A(lka)/Stable) Sri Lanka rupee-denominated proposed Basel III-compliant subordinated unsecured debentures a final National Long-Term Rating of ‘A-(lka)’. The final rating is the same as the expected rating assigned on 16 October 2017 and follows the receipt of documents conforming to information already received. The debentures, totalling […]
World leader in car production opens new door for Sri Lanka rubber, tyres
Sri Lanka’s rubber sector received a major opening from world’s leader in car production on 28 March. Slovakia, world’s leader in car production has called for using Sri Lankan rubber –specially rubber tyres -in its record setting car manufacturing industry. “We want to diversify our rubber intake and to this end want to expand the […]
Oral health is much more than just a nice smile
(PRESS RELEASE) – World Oral Health Day (WOHD) is celebrated every year on 20thof March. It is an international day to celebrate the benefits of a healthy mouth and to promote worldwide awareness of the issues around oral health and the importance of oral hygiene tomaintain general health and well-being. Under the theme of “Say […]
Team Phoenix from Moratuwa University wins SLASSCOM 4iR Hackathon
Team Phoenix from the University of Moratuwa were adjudged the winners of the inaugural SLASSCOM 4iR Hackathon at the grand finale of the event that was held at the Kingsbury Colombo recently. Organized by the Sri Lanka Association of Software and Service Companies (SLASCOM) in partnership with Virtusa and Virtusa xLabs, the event sought to […]
Fitch affirms Hemas Holdings at AA-(lka); outlook stable
Fitch Ratings has affirmed Sri Lanka-based conglomerate Hemas Holdings PLC’s (Hemas) National Long-Term Rating at ‘AA-(lka)’ with a Stable Outlook. Fitch has also affirmed the National rating on Hemas’s outstanding senior unsecured debentures at ‘AA-(lka)’. Hemas’s rating reflects Fitch’s view that the group’s business risk profile has improved from the acquisition of Atlas Axillia (Private) […]
HNB named Best Retail Bank in Sri Lanka for 10th time by Asian Banker
Hatton National Bank PLC (HNB) was awarded as the ‘Best Retail Bank in Sri Lanka’ at the ‘Asian Banker’s International Excellence in Retail Financial Services 2018 awards ceremony, held in conjunction with the ‘Asian Banker Digital Finance Convention’ at the Westin Kuala Lumpur, Malaysia on 22nd of March. The achievement marked the tenth time that […]
‘s Continental Insurance at A(lka); outlook stable
Fitch Ratings Lanka has affirmed Sri Lanka-based Continental Insurance Lanka Limited’s (CILL) National Insurer Financial Strength (IFS) Rating and National Long-Term Rating at ‘A(lka)’.The Outlook is Stable. KEY RATING DRIVERS The affirmation reflects the non-life insurer’s good domestic business profile, strong capitalisation, strong financial performance and earnings as well as its prudent investment policy. Fitch […]
World’s Biggest Book Sale is returning to Sri Lanka soon
Get your bookshelves ready, because the Big Bad Wolf Book Sale is set to huff and puff its way back to Colombo for the second time.Hailed as one of the world’s biggest international book fairs, it made huge waves among book lovers during its inaugural visit to Sri Lanka last year. Reading enthusiasts can be […]
Ceylon Chamber of Commerce marks 179 years of service to the nation
Sri Lanka’s premier business chamber completed 179 years of steadfast service to the nation yesterday, March 25th, 2018. This marks a commendable achievement for the organization, which has continued to play a pivotal role in the business landscape of Sri Lanka, since its inception in the 19th century. The Ceylon Chamber of Commerce was established […]
Sri Lanka plans to issue licenses for electricians from October
Mar 23, 2018 (LBO) – Sri Lanka’s electricity sector regulator, Public Utilities Commission is planning to implement a mechanism to establish an accepted professional status for electricians in the country by issuing licenses from 1st of October 2018. The proposed mechanism plans to establish this status by accrediting the qualifications and experience of the electricians. Director General […]