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Dialog Enterprise Enables Digital Transformation of MBSL with Dialog SD-WAN Solution
June 10 (CP) Colombo- Dialog Enterprise, the ICT solutions arm of Dialog Axiata PLC, helped enable the digital transformation initiative of Merchant Bank of Sri Lanka & Finance PLC (MBSL) by successfully completing the deployment of its Secure Software-Defined Wide Area Networking (SD-WAN).
[Full Story]
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Fitch upgrades Kotagala Plantations to ‘B+(lka)’; Outlook Negative
June 10 (CP) Colombo- Fitch Ratings has upgraded Sri Lanka-based Kotagala Plantations PLC’s National Long-Term Rating to ‘B+(lka)’, from ‘RD(lka)’.
[Full Story]
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Ante LECO Metering Company increases production capacity of electric meters
June 09 (CP) Colombo- Ante LECO Metering Company (Pvt) Ltd., a subsidiary of LECO, annually produces 250,000 Single Phase meters required by Ceylon electricity Board and LECO in Sri Lanka.
From this year, the company will expand its services and start the production of three-phase electric meters and smart electric meters.
[Full Story]
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Performance of National Trade Facilitation Committee reviewed
June 09 (CP) Colombo- In an effort to accelerate trade facilitation commitments and bolster the business landscape in Sri Lanka, a high-level review of the National Trade Facilitation Committee (NTFC) was conducted Wednesday (7).
[Full Story]
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Seylan Bank partners with National Industry Exhibition 2023 to empower Sri Lankan industries and SMEs
June 08 (CP) Colombo- Seylan Bank, the Bank with a Heart, announced its partnership for the much-anticipated National Industry Exhibition 2023.
The exhibition, organized by the Industrial Development Board under the purview of the Ministry of Industries, will be held from the 22nd of June to the 25th June at the Bandaranaike Memorial International Conference Hall (BMICH).
[Full Story]
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ADB provides Sri Lanka access to concessional financing to facilitate sustained and inclusive recovery
June 08 (CP) Colombo- The Asian Development Bank (ADB) has approved the eligibility of Sri Lanka to access concessional financing.
The Asian Development Bank in a statement said the availability of concessional assistance, offered at low interest rates, broadens Sri Lanka’s options
[Full Story]
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‘Aya Surakina AIA’ celebrates one year of empowering half a million women to rise together
June 07 (CP) Colombo- AIA Insurance recently commemorated the one-year anniversary of its women’s program, ‘Aya Surakina AIA’ , in partnership with IFC-DFAT Women in Work program, with an evening of celebration.
[Full Story]
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Women entrepreneurs are vital for long-term continuity and resilience of Sri Lanka’s supply chains - IFC Study
June 07 (CP) Colombo- Building an inclusive distribution and retail network is key for long-term continuity and resilience of corporate supply chains in Sri Lanka, reveals a new study by the International Finance Corporation (IFC).
[Full Story]
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Joint Apparel Association Forum: ‘Maintaining GSP+ is Critical to Sri Lanka’s Apparel Sector’
June 06 (CP) Colombo- With the current GSP+ regulation set to expire by the end 2023, it is imperative that Sri Lanka takes measures to secure concessionary access to the European market.
Securing GSP+ depends on Sri Lanka upholding the already ratified conventions spanning human rights, labor, environment and governance.
[Full Story]
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Central Bank instructed to submit a report on investments of Employees Provident Fund
June 05 (CP) Colombo- Sectoral Oversight Committee on Foreign Employment and Labor has instructed the official representing the Central Bank to submit a report on the institutions in which the money pertaining to the Employees Provident Fund has been invested.
[Full Story]
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SLASSCOM to hold the “EmTech Conference 2023” from June 7-8
June 05 (CP) Colombo- In today’s fast-paced landscape, understanding and embracing emerging technologies is not a luxury but a necessity. Recognizing this, SLASSCOM is excited to announce the return of the EmTech Conference for its second year.
[Full Story]
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Nestlé Lanka helps enhance the local dairy industry by sharing global best practices on carbon emission reduction and regenerative agriculture
June 04 (CP) Colombo- Nestlé Lanka hosted Nestlé’s dairy team from the Zone Asia, Oceania, and Africa (AOA) for a workshop aimed at developing a roadmap towards achieving a 50% reduction in emissions by 2030 in line with the company’s sustainability ambition.
[Full Story]
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Sri Lankan shares end higher as financials, consumer staples rise
June 09 (Reuters) - Sri Lankan shares closed higher on Friday, helped by financial and consumer staple stocks. The CSE All Share index settled up 0.58% at 8,818.39, rising for a second straight session.
[Full Story]
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Sri Lankan shares end lower as financials, industrials drag
June 07 (Reuters) - Sri Lankan shares closed lower on Wednesday, dragged by financials and industrials stocks. The CSE All Share index settled down 0.28% at 8,722.06, falling for second straight session of loss.
[Full Story]
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JAAF says government decision to terminate SVAT detrimental to apparel exporters
June 10 (CP) Colombo- The Joint Apparel Association Forum (JAAF) hereby expresses its deep concern and disappointment regarding the recent decision to end the long and well-functioning Simplified Value Added Tax (SVAT) scheme.
[Full Story]
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Fitch upgrades Kotagala Plantations to ‘B+(lka)’; Outlook Negative
June 10 (CP) Colombo- Fitch Ratings has upgraded Sri Lanka-based Kotagala Plantations PLC’s National Long-Term Rating to ‘B+(lka)’, from ‘RD(lka)’.
[Full Story]
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Horana Solar Power connects 2 MW solar plant to national grid
June 09 (CP) Colombo- Minister of Power and energy Kanchana Wijesekera Friday declared open a ground mounted solar panel system with a capacity of two megawatts implemented built by Horana Solar Power (Pvt) Ltd a fully owned subsidiary of Vidullanka PLC, and connected it to the National Grid in Horana.
[Full Story]
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The Body Shop marks World Environment Day 2023 with successful interactive DIY and upcycling workshop
June 09 (CP) Colombo- As well-established champions of sustainability in the global beauty industry, The Body Shop Sri Lanka commemorated World Environment Day this year by hosting “Beauty Upcycled” – a DIY and upcycling workshop aimed at spreading awareness on the importance of rethinking our approach to plastics as part of the larger goal of reducing our load on the planet.
[Full Story]
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Sri Lanka signs agreement with RM Parks to enter petroleum business
June 08 (CP) Colombo- Sri Lanka Thursday signed an agreement with the US based Petroleum company RM Parks in a collaboration with Shell PLC for the company to enter the Sri Lanka petroleum business today.
[Full Story]
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Sampath Bank commits to oceanic ecosystem conservation through ‘A Breath to the Ocean’ program
June 08 (CP) Colombo- Sampath Bank, as one of the leading banks in Sri Lanka, is taking a significant stride towards preserving marine biodiversity and combating climate change with its groundbreaking initiative, ‘A Breath to the Ocean.’
[Full Story]
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Taprobane Seafoods, Direct Source Seafood sign strategic partnership
June 07 (CP) Colombo- Taprobane Seafoods Sri Lanka and Direct Source Seafood USA have entered into a strategic partnership to produce, market and sell Sri Lankan sustainable seafood in the United States.
This partnership is set to exceed $ 20 million in annual sales in 2023, with plans to surpass $ 40 million in annual sales in 2024 and beyond.
[Full Story]
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CSE signs a MOU with the Eastern University of Sri Lanka
June 06 (CP) Colombo: The Colombo Stock Exchange (CSE) signed a Memorandum of Understanding (MoU) recently with the Eastern University, Sri Lanka, to formalize collaborative efforts to improve financial literacy among undergraduates in Sri Lanka.
[Full Story]
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India flags off its first international cruise vessel from Chennai to Sri Lanka
June 05 (CP) Colombo- India’s Union Minister of Ports, Shipping & Waterways and Ayush, Sarbananda Sonowal flagged off the India’s first international cruise vessel MV Empress from Chennai to Sri Lanka in Chennai Monday.
[Full Story]
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IMF engages with the Ceylon Chamber Of Commerce to discuss Sri Lanka’s economic development
June 05 (CP) Colombo- At the invitation of the International Monetary Fund (IMF) The Ceylon Chamber of Commerce recently briefed key representatives of the IMF on recent economic developments in Sri Lanka, and their impact on the country’s economic trajectory.
[Full Story]
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Sri Lanka’s Trans Asia Cellular opens first international retail store in Dubai
June 04 (CP) Colombo- Trans Asia Cellular(Pvt) Ltd. -Sri Lanka’s leading mobile phone accessories and telecommunications parts provider- has opened its first international retail store in Dubai, UAE, heralding the first steps for the brand’s global expansion plans.
[Full Story]
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Nations Trust Golf Championship 2023 comes to an exciting close
June 04 (CP) Colombo- The golfing fraternity in Sri Lanka bore witness to a spectacular display of skill, and sportsmanship at the recently concluded Nations Trust Golf Championship on May 27, 2023.
The tournament, held in partnership with the Royal Colombo Golf Club (RCGC), showcased the eighth edition of the Stableford Golf Tournament
[Full Story]
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Sri Lankan shares end higher as financials rise
June 08 (Reuters) Sri Lankan shares closed lower on Thursday, helped by financials stocks. The CSE All Share index settled up 0.52% at 8,767.34, snapping two straight sessions of loss.
[Full Story]
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Sri Lankan shares end lower as industrials, communication services drag
June 06 (Reuters) - Sri Lankan shares closed lower on Tuesday, dragged by industrials and communication services stocks. The CSE All Share index settled down 0.23% at 8,746.45, snapping four straight session of gains.
[Full Story]
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