Dialog Axiata PLC can maintain a credit profile commensurate with a ‘AAA(lka)’ rating in the next 12-18 months, despite the slower revenue growth, escalated costs and likely slight higher leverage, Fitch Ratings said. The rating agency affirmed t

Fitch Ratings has assigned a ‘AA-(lka)’ National Long-Term Rating to Sri Lanka-based consumer electronics retailer Abans PLC’s (AA-(lka)/Stable) proposed senior unsecured redeemable debentures of Rs.1.0 billion, with the option to increase up t

The consumer prices, measured based on the broader inflation index, pointed to softening prices from the recent highs reached in January, while the prices measured on a monthly basis, in fact, fell into deflationary territory, largely due to the amel

While Sri Lanka is gearing up for elections this year, which could result in uncertainties, the International Monetary Fund (IMF) cautioned that it is absolutely key that the programme objectives are achieved, because with those, Sri Lanka has a chan

The secondary market exhibited a subdued tone during the day, characterised by ultra-thin trading volumes, as the investors opted to remain on the sidelines in anticipation of the forthcoming monetary policy review scheduled for next week. However,

Mid this year will be the turning point for Sri Lanka’s economy, according to President Ranil Wickremesinghe, as from then on the island nation will have opportunities for further progress.

SLPG, a prominent facilitator of solar power systems, is excited to announce its new partnership with Softlogic Glomark, launching solar systems in six different locations across Sri Lanka. With a combined capacity of 982.43 kWp, this endeavor signif

As the world commemorates the World Water Day, American Water’s commitment to corporate social responsibility shines through as it joins hands with OrphanCare, an independent trust dedicated towards making a positive impact on the live

Dr. Cornelius Boersch, a top German tech investor, has reaffirmed commitment and future investments in Sri Lanka. Having invested in the tech sector for 30 years across frontier markets spanning South America to Asia, Dr. Boersch maintai

A delegation, led by Zhang Xiaodong, Secretary General, Chief Representative of China for Sri Lanka-China Association f

Fitch Ratings has affirmed Sri Lankan paint manufacturer JAT Holdings PLC’s National Long-Term Rating at ‘AA(lka)’. The Outlook is Stable. JAT’s rating reflects the company’s strong financial profile with low leverage and manageable liquidi

British Council, the UK’s international organisation for educational opportunities and cultural relations, in partnership with the UK universities, has announced the launch of British Council Scholarships for Women in STEM progra

Loops Integrated, renowned for its commitment to nurturing talent and fostering growth, proudly announced the groundbreaking ach

Samsung Sri Lanka, a leader in global mobile and consumer electronics, announced its success at SLIM Kantar People’s Awards 2024.

People’s Bank was recognised at Visa Commercial Solutions Client Forum Sri Lanka 2024, held recently at Cinnamon Grand Hotel.

March 5, 2024, will go down as a red-letter day for the world’s investor relations community. On this day, Commercial Ba

Sri Lanka has made significant progress, despite its circumstances, in implementing its ambitious reform agenda.

FitsAir, Sri Lanka’s low-cost airline, yesterday announced the launch of direct flights connecting Colombo and Dhaka, Bangladesh starting April 2024. This move repre

Sri Lanka’s stockbroking community said they are in favour of the draft bill for the demutualisation of Colombo Stock Exchange (

Sri Lanka yesterday reached staff-level agreement with the International Monetary Fund (IMF) on the second review under th

Sri Lanka’s tea production rose 6.6 percent Year-on-Year (YoY) to 19.99 million kilos in February, according to Forbes and Walke

Sri Lankan officials and global investors will kick off negotiations on restructuring US$ 12 billion in defaulted global bonds next w

The IMF team reached staff-level agreement with the Sri Lankan authorities on the second review under the economic reform program supported by a 4-year Extended Fund Facility (EFF) arrangement.

The senior representatives of the financial sector yesterday raised significant concerns about the government’s commitment to enacting the necessary legislation for the introduction of a central bank digital currency (CBDC) in Sri Lanka.

Vision Care celebrated its 32nd Anniversary with a Staff Convention & Annual Awards 2023 event, dedicated to recognizing and honoring longstanding employees and star performers. The Staff Convention & Annual Awards 2023 witnessed the recognition of

DFCC Pinnacle Junior recently sponsored the first-ever Gateway National interschool Robotics Championship for local and international schools. Approximately 25 schools across the island participated in this competition, highlighting the growing inter

Certis Lanka unveiled its newest venture, the Identity College of Higher Education (ICHE) recently. Identity College of Higher Education, situated in Colombo, aims to revolutionize caregiver education by offering a comprehensive curriculum tailored t

The International Institute of Health Sciences (IIHS) recently launched their new theme “Api piliganeemen Ihalai”. IIHS is offering high quality study programmes, which are pathways to global success recognised by bodies such as the National Heal

Baby Cheramy partnered with the Sri Lanka College of Paediatricians recently to jointly foster a secure environment for the children of our country. The recent awareness programme took place at the Setsiripaya Urban Development Authority Auditorium