Pandemic to Cost Rated Sri Lankan Corporates LKR30 billion in Revenue : Fitch
Rated Sri Lankan corporates are set to lose around LKR30 billion in revenue in the financial year ending March 2021 (FY21) due to the coronavirus pandemic-led economic downturn, Fitch Ratings said...
View ArticleWorld facing bankruptcy time bomb : Study
PARIS (AFP): Governments around the world are scrambling to save companies battered by coronavirus lockdowns but the world is nevertheless facing a massive surge in bankruptcies by a third, a study...
View ArticlePAIMA welcomes its new member in Sri Lanka
Trans-Global Relocations Ltd. recently became a member of PAIMA (Pan American International Movers Association), making it the only relocation company in Sri Lanka to be a part of the network. The...
View ArticleIndustrial Asphalts (Ceylon) PLC embarks on an ambitious expansionary plan
Industrial Asphalts (Ceylon) PLC (IAC), a company listed on the Colombo Stock Exchange under the stock code ASPH.N is going through a capital raising exercise with the announcement of the rights...
View ArticleArjuna Nanayakkara appointed to head London Stock Exchange Group’s Shared...
London Stock Exchange Group (LSEG) has announced today that Arjuna Nanayakkara has been appointed as the Head of Shared Services Centre – Sri Lanka. He will be responsible for managing, building, and...
View ArticleComBank upgrades ePassbook with attractive new features
Enables Self Registration, Real-time Transaction Notifications and Biometric login The Commercial Bank of Ceylon has announced several upgrades including self-registration and real time transaction...
View ArticleSri Lankan banks’ ratings under pressure as operating conditions weaken
Fitch Ratings, releasing its latest report yesterday (20), said it has revised down the operating environment (OE) score for Sri Lankan banks to ‘B-’ from ‘B’ after the sovereign rating was downgraded...
View ArticleEmirates resumes flights to Stockholm from 1 August
Emirates will resume passenger services to Stockholm with weekly flights from 1 August, expanding its network in Europe to 22 cities, and connecting customers from Europe to the Middle East, Asia...
View ArticleViber expands your expressive palette with new Reactions feature in communities
Rakuten Viber, one of the world’s leading apps for free and easy communication, announces the launch of its Message Reactions feature in communities to take “likes” on its platform to the next level....
View ArticlePandemic sparks digitisation drive among Asian firms : HSBC survey
The COVID-19 pandemic has forced Asian corporates to confront their business resilience in an unprecedented way, underlining the urgent need for greater digitisation in particular, according to HSBC’s...
View ArticleHemas Hospitals designs world’s first Infectious Patient Transportation...
Cementing its position as a global leader in quality and innovative healthcare, Hemas Hospitals announced the launch of a proprietary Infectious Patient Transportation Chamber (IPTC); a sealed, easily...
View ArticleAxienta expands their footprint to the African Region
Local software company Axienta that has been an innovator in the field of Sales Force Automation (SFA) for a large number of leading Blue chip companies in Sri Lanka and having forged a leadership...
View ArticleMiHCM announces Facial Recognition capability for Workforce Attendance...
MiHCM will be the first to introduce face recognition for attendance authentication with geo-tagging and geo-fencing capabilities. Businesses will be able to leverage real-time facial recognition to...
View ArticleClik here to view.
Inflation increases to 6.3% in June 2020
Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 increased to 6.3% in June 2020 from 5.2% in May 2020. This was mainly driven by...
View ArticleMoody’s extends review for downgrade on three Sri Lankan banks’ ratings
Moody’s Investors Service has today extended its review for downgrade on Bank of Ceylon’s (BOC), Hatton National Bank PLC’s (HNB) and Sampath Bank PLC’s (Sampath) long-term local currency deposit and...
View ArticleETI – Swarnamahal Financial Services depositors to be paid from 25 July....
Central Bank of Sri Lanka (CBSL) has taken measures to pay the compensation payments to the depositors of ETIFL and SFSP from the Sri Lanka Deposit Insurance and Liquidity Support Scheme (SLDILSS),...
View ArticleEDB’s pioneering initiatives to develop the Wellness Tourism industry
Sri Lanka’s Wellness Tourism industry received a new impetus when the Sri Lanka Export Development Board (EDB) recognized Wellness Tourism as a thrust sector under the National Export Strategy (NES)...
View ArticleNew CEO appointed to Lanka Hospitals
The Board of Directors of The Lanka Hospitals Corporation PLC has appointed Deepthi Lokuarachchi as the Group Chief Executive Officer of the Company effective from 20 July 2020. Deepthi Lokuarachchi...
View ArticleSLT PEO TV Launches PEO TV Go for everyone on any network
PEO TV Go -The Best App to Watch TV Sri Lanka’s pioneering IPTV solutions provider SLT PEO TV extends its TV everywhere solution, PEO TV Go to any customer going beyond its own network. PEO TV Go is...
View ArticleSeylan Bank Sponsors A Newly Refurbished Doctors Cafeteria to The National...
A total investment of Rs. 4 million Seylan Bank, the bank with a heart took measures to fully refurbish the Doctors Cafeteria at the National Hospital of Sri Lanka investing a total of Rs. 4 Million....
View Article