CB recognises LRA as credit rating agency

Financial sector regulator, the Central Bank of Sri Lanka (CBSL), announced recently that it had recognised domestic credit rating entity, Lanka Rating Agency Ltd (LRA) as an acceptable external credit assessment institution.

Dankotuwa Porcelain collaborates with AOD for novel design opportunities

Dankotuwa Porcelain PLC (DPL), renowned for its luxurious and elegant porcelain tableware, has entered into a strategic collaboration with Academy of Design (AOD) to create a series of novel and spectacular design opportunities, opening the industry to new realms of creativity.

Abans exclusively offers wide range of Mistral products

Mistral, one of the popular brands introduced by Abans to customers in Sri Lanka, offers a wide range ofdurable, long-lasting and affordable products for the home.

ACL ceiling fans awarded SLS certification

ACL Cables PLC celebrated another important milestone recently as recipient of the Sri Lanka Standard (SLS) certification for its ceiling fans.

Great Wall Restaurant celebrates three decades of serving Chinese cuisine

Great Wall Restaurants (Pvt) Ltd, recognized as an iconic, much-loved restaurant and favourite destination for Chinese cuisine in the country, is celebrating its momentous three decades of operations during the month of September with offers, expansion plans and specially curated new menu offerings.

People’s Bank Buddhist Society presents house to low-income family

Marking the occasion of People’s Bank’s 60th anniversary and as part of the bank’s ongoing housing project, the People’s Bank Buddhist Society presented a brand new house to Deepika Sanjeewani, a resident of the village of Mundimuruppu in Vavuniya.

Ideal Motors donates Mahindra Ambulance to Madura Vithana Foundation

As part of its wide-ranging, empathetic response to the Covid-19 crisis, Ideal Motors (Pvt) Ltd has donated a Mahindra Ambulance valued at approximately Rs. 10 million to the Madura Vithana Foundation.

People’s Leasing donates Rs. 25mn worth essential medical equipment

People’s Leasing & Finance PLC (People’s Leasing) recently donated essential medical equipment to strengthen the national response against the COVID-19 pandemic.

Amãna Bank donates lifesaving ventilator

Amana Bank has donated a non-invasive ventilator to the Base Hospital in Puttalam in supporting the efforts to fight the worst Covid-19 pandemic wave in the country by far.

Hemas Pharmaceuticals makes donation to Navy General Hospital

Hemas Pharmaceuticals donated three units of multifunction adjustable hospital beds to the newly established Dialysis Unit at the Navy General Hospital – Colombo which will complement the hospital’s efforts in treating patients who are suffering from end stage renal disease. The unit will successfully eliminate the waiting time of the patients in dire need of dialysis which includes both serving and retired Navy personnel, Naval civilians, and t

Dialog Axiata supports health sector through Critical Care Infrastructure Enhancement Initiative

Dialog Axiata PLC has undertaken the task of supporting the Health Ministry to enhance the nation’s critical health infrastructure through its latest project, the Critical Care Infrastructure Enhancement Initiative.

SLT-Mobitel empowers health workers with connectivity offers

In recognising the hard work and untiring dedication by the front-line health workers, SLT-Mobitel, announced the launch of ‘Suvaviru Upahara’, a free connectivity offer designed to empower health heroes.

CB Governor Lakshman announces resignation

Prof. W.A. Lakshman this afternoon announced his resignation from the post of Central Bank Governor with effect from September 14.

Grip on imports further tightened to mitigate pressure on currency

Amid a slew of measures taken in the recent past to alleviate the pressure on the currency, the Monetary Board of the Central Bank this week decided to further limit importation of some 623 products under 11 categories, which are deemed “non-essential /non urgent,” unless such imports are covered by 100 percent cash margin.

EU asks SL to respect WTO rules; urges not to put country’s exports at risk

The European Union (EU) envoy in Colombo recently fired a warning urging Sri Lanka to respect World Trade Organization (WTO) rules as import restrictions currently in place are hurting trade with partner countries.

Dialog Axiata to deploy ten education channels free-of-charge

Dialog Axiata PLC has signed a Memorandum of Understanding (MoU) with the Ministry of Education to deploy 10 education channels, which are provided absolutely free over Dialog Television and in ViU App.

SLEA webinar ‘Road to Sri Lanka’s Economic Recovery’ on Sept. 16

Sri Lanka Economic Association (SLEA) is organising a webinar on ‘Road to Sri Lanka’s Economic Recovery, 2021-2026,’which will be held on September 16th, from 5.00 p.m. to 7.00 p.m. online via Zoom.

On’ally Holdings to rectify free float issue after UDA’s court case resolved

On’ally Holdings PLC has announced plans to propose a rectification plan to remedy the non-compliance to Colombo Stock Exchange’s (CSE) Listing Rules with regard to the minimum public holding requirement once the Court case filed by its second largest shareholder, the Urban Development Authority (UDA), is resolved.

Local banks’ Return on Equity surges on strong earnings in first half

Sri Lanka’s banking sector Return on Equity (ROE) hit the highest levels in more than three years supported by the robust earnings during the first half of this year, as banks rode on the heightened demand for loans, made possible by the lowest ever interest rates.

Address child issues, shortfalls in learning for better human capital outcomes: WB

Sri Lanka’s transitioning to the next level in improving human capital outcomes require focused attention on addressing issues on child stunting and shortfalls in learning, the World Bank (WB) said.

Ex-Pack officially announces upcoming IPO

Sri Lanka’s number one corrugated carton manufacturer Ex-Pack in a statement issued to media yesterday officially announced its impending initial public offering (IPO) and listing on the Colombo Stock Exchange.

Coca-Cola celebrates 60 years of operations in Sri Lanka

Coca-Cola’s journey in Sri Lanka began 60 years ago on April 1961, when consumers tasted their first ice-cold sip of Coca-Cola from a 300-millilitre glass bottle.

SriLankan wins prestigious title at PATA Gold Awards 2021 for 3rd consecutive year

SriLankan Airlines, the national carrier of Sri Lanka and a member of the oneworld alliance, continuing to reaffirm the universal appeal of its marketing communication content, won a Gold award for its campaign ‘#SriLankanPromises’ in the category ‘Marketing-Carrier’, at Pacific Asia Travel Association (PATA) Gold Awards 2021, on September 8.

Facebook-CSSL with Education Ministry to train Lankan youth on digital citizenship

Facebook has partnered with the Computer Society of Sri Lanka (CSSL) to launch a training programme for the Teacher Education Administrative Branch of Sri Lanka’s Education Ministry.

Sumathi Holdings journeys with heritage towards modern technology

Sumathi Holdings, a large and extensively diversified business conglomerate in Sri Lanka, began its monumental journey soon after Sri Lanka received independence in 1948. Backed by a rich history and heritage, U.W. Sumathipala & Sons was the brainchild of U.W. Sumathipala, a young entrepreneur, who stepped in to the business arena and made a profound impact and difference.

Green Tape attracts 3000 suppliers and 30 large companies

A bold new venture seeks to revolutionise Sri Lanka’s tender and procurement system by automating the buyer-seller experience and easing the disruptions caused by the COVID-19 pandemic.

Petronas Lubricants appoints GCH as exclusive distributor in SL, Maldives

Incorporated in 2015, Global Capital Holdings (GCH) recently announced the launch of an exclusive distributorship of Petronas Lubricants for the Sri Lanka and Maldives markets.

CMTA advises government on sustainable electrification

The Ceylon Motor Traders’ Association (CMTA), the most senior automotive association in South Asia, welcomes the government’s view that electric vehicles (EVs) represent the future of mobility, not just in Sri Lanka but around the world.

AMW offers Sri Lanka’s first and only 3-year warranty for pre-owned vehicles

Sri Lanka’s pioneer in automotive sales and services, Associated Motorways (Pvt.) Ltd (AMW), recently announced that the AMW Certified Vehicles initiative for pre-owned vehicles has taken the lead since its launch in April 2020, coinciding with the recent ban of motor vehicle imports.

DIMO CERTIFIED guarantees peace of mind when selling luxury European vehicle

DIMO CERTIFIED, the pre-owned vehicle sales arm of DIMO, one of the leading conglomerates in Sri Lanka, now offers the most convenient way for European luxury vehicle owners to sell their vehicle with peace of mind, together with the trust placed on DIMO as a Sri Lankan brand for over 80 years.