Leading Sri Lankan Financial Services provider HNB FINANCE, recently had its National Long-term rating upgraded to ‘AA-(lka)’ with a negative outlook following the recalibration of Fitch’s rating scale for Sri Lanka. The recalibration was conducted to reflect changes in the relative creditworthiness among Sri Lankan issuers following Fitch’s downgrade of the sovereign rating after comprehensive…
Colombo’s newest landmark on Galle Face Centre is once again a hub of activity as construction gets back into swing following the lifting of the lockdown. The Sapphire Residences and the ITC One Hotel development has resumed construction in full compliance with health and hygiene guidelines laid down by the Ministry of Health to ensure…
Spring & Summer’s CSR arm – ‘Hands of Hope’ recently launched a two-fold strategy involving the manufacture and distribution of face masks, as well as the supply of daily essentials and protective gear, to aid Sri Lanka during the COVID-19 economic and social crises. The project aims to help ease rising internal tensions within communities…
The aspirations of three of Sri Lanka’s internationally-ranked wheelchair tennis players received a further boost with a donation of custom-made wheelchairs by Colombo International Container Terminals (CICT), a longstanding benefactor of the sport, and its parent company, China Merchants Group (CMG). Part of CICT’s continuing support to the Wheelchair Tennis Programme of the Sri Lanka…
NLF announced the appointment of Suresh M. Amerasekera as their new CEO with effect from 9th June 2020.Up to now he was functioning as the COO, from September 2nd 2019 Suresh is a Senior Banker, with over 35 years of experience in the Finance Industry. He last held the position as the CEO of Pan…
Dubai to open for tourists from 7 July, Emirates launches destination Dubai ad New protocols to open travel for UAE citizens, residents and international visitors, with clear measures to protect the health and safety of communities Emirates welcomes the latest air travel protocols that will facilitate international travel for UAE citizens, residents and tourists, and…
~ More online purchases on the way as people expect to do less in-store shopping SINGAPORE – The way we shop is changing and how we pay is evolving. As COVID-19 alters our daily lives, consumers in Asia Pacific are rapidly going digital with purchases of everything from groceries to movies in a shift that…
Leading private sector bank HNB PLC, reported a 70 percent increase in the use of its cardless cash withdrawal facility, Cash to Mobile during the peak of the COVID-19 pandemic. Through the period of January to May 2020, the bank witnessed an average (month-to-month) increase of 60 percent on Cash to Mobile transactions. The facility…
Spectrum Institute of Science & Technology (SIST), with the largest undergraduate facility in the heart of Colombo opened up opportunities for students to enroll into globally recognized undergraduate programs offered directly by the university – not through any diploma pathway. Students will receive their prized degree from the prestigious Lincoln University College, Malaysia. SIST will…
Northshore International Campus, one of the pioneering non-state sector higher educational Institutes in Sri Lanka has shown immense resilience in the face of the recent Covid 19 pandemic keeping true to the Sri Lankan spirit. Northshore, which has been offering internationally recognized British degrees in Engineering, Business and Computing/IT from highly ranked universities was one…
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