BEVERAGE SECTOR
Being a tropical country and given the influence of certain cultural habits, Sri Lanka’s consumption of liquids is high. But due to the popularity of tea and easy
DFCC
Synapsys, the FinTech subsidiary of DFCC Bank, recently signed an agreement with Tenaga Car Parks (Pvt) Limited to provide a mobile payments platform for managing
PICKME
PickMe, Sri Lanka’s fastest growing tech-startup announced the appointment of Isira Perera as the Chief Operating Officer (COO) with effect from December 01st 2017
INDIA EXTENDS FINANCIAL ASSISTANCE
An agreement for Indian financial assistance for US $ 45.27 million (LKR 6.9 billion) for upgrading Kankesanthurai (KKS) Harbour
PROPERTY DEMAND: GALLE VS. COLOMBO
There is little argument that both Colombo and the city of Galle are two of the most developed urban regions in Sri Lanka. What’s significantly common about these two
PEOPLE’S BANK
The staff of People’s Bank commenced operations in the New Year, 2018 by giving the Service Oath. In commemorating this occasion, a special celebration
HUMAN RIGHTS CELEBRATIONS
In celebration of Ansell’s values and to commemorate International Human Rights Day, the company celebrated ‘World Human Rights
TALKING POINT
Sri Lanka’s parliament recently passed the government’s budget for fiscal year 2018 with a two-thirds majority. Budget 2018
NDB
NDB celebrated the reach of Rs. 4 Billion worth of Mobile Banking transactions in December 2017, prior to the end of a very successful year
TOURIST ARRIVALS REACH AN ALL-TIME HIGH
The Sri Lanka Tourism Development Authority has released data indicating an all-time high of 2,116,407 tourist arrivals in Sri Lanka
RS. 22 BILLION BUDGET SURPLUS: TREASURY
The Ministry of Finance and Mass Media announced a surplus of Rs. 21.9 billion in the primary balance of the government’s fiscal accounts for the first 10 months
DEVELOPING A DIGITAL ECONOMY STRATEGY
The Ministry of Telecommunication and Digital Infrastructure has tasked consultancy firm McKinsey & Company with an 11 week assignment
DECISION TO RAISE US$ 5 BILLION VIA BONDS
The Sri Lankan cabinet has approved a decision to raise US$ 5 billion through bond issues in 2018 after a foreign debt accumulation of nearly 30 billion rupees, according to Central Bank of Sri Lanka (CBSL) figures.
DFCC BANK
Fitch Ratings have revised DFCC’s outlook for both its International and National Long Term Ratings to “Stable” from “Negative” while affirming the ratings at B+ and
SPUR FINANCIAL INCLUSION IN SRI LANKA
IFC, a member of the World Bank Group, is partnering with the Central Bank of Sri Lanka (CBSL) to develop the
INDIGO
In its endeavour to expand and strengthen its growing network, IndiGo, India’s largest and fastest growing low-cost carrier
FITCH RATINGS
Sri Lankan banks are likely to significantly boost issuance of Basel III-compliant Tier 2 instruments in 2018, says Fitch Ratings. Most banks
BANK OF CEYLON
The Bank of Ceylon commenced its banking activities for 2018-New Year celebrations with a multi-religious ceremony and the launching of the Bank’s newest
MINISTRY OF CRAB
Gourmet Investments Private Limited, one of the leading hospitality groups in the country today (promoted by the Bharti Family Office) announced an
