Fitch Ratings has published the National Long-Term Rating of ‘A(lka)’ on WindForce PLC’s proposed senior unsecured redeemable debentures of up to LKR4 billion. The notes are rated one notch below WindForce’s National Long-Term Rating (A+(lka)/Stable) due to increasing structural subordination from secured debt at operating subsidiaries used to fund its capacity expansion. WindForce’s rating reflects…
With effect from today, the service fee charged from merchants on all LankaQR transactions up to Rs. 5,000 has been completely removed Through the new system, person-to-person (P2P) transactions can be carried out easily at any time and from any location President Anura Kumara Dissanayake pointed out that digitalisation is a key government priority and…
The BOI organized this event to raise awareness among leading Malaysian business enterprises of foreign direct investment (FDI) opportunities in Sri Lanka. The full-day FDI promotion session also included participation from various stakeholder agencies and ministries, such as the Urban Development Authority, Colombo Port City, Sri Lanka Export Development Board, Information Communication Technology Agency of…
The National Development Bank PLC (NDB) has informed the Central Bank of Sri Lanka (CBSL) that it has uncovered an internal fraud that could lead to a significant loss being incurred. CBSL has also been informed that no customer accounts or deposits have been affected by this fraud. CBSL has carried out a preliminary assessment…
Hambantota International Port (HIP) has significantly expanded its operational capacity in response to a sharp surge in global shipping volumes triggered by the ongoing crisis in the Middle East, reinforcing its position as a key alternative hub along the East–West shipping corridor. The port has doubled its Roll-on/Roll-off (RoRo) yard capacity and increased its container…
National Development Bank PLC (Bank) wishes to provide a further update on the previously disclosed fraud incident, with a clear assurance to customers and all stakeholders. The Bank reiterates, that no customer balances have been affected by this incident. All customer balances remain intact and secure. The Bank continues to operate as normal, with uninterrupted…
Malaysia Airlines Strengthens East Asia Network with Return to Fukuoka, Launch of New Routes and Increased Frequencies Across Key Markets Malaysia Airlines is significantly expanding its East Asia footprint with the return of direct flights to Fukuoka, Japan, and the launch of new services to Shenzhen and Changsha, China. Commencing between July and September 2026, these…
Reuters – Hyundai Motor said on Friday that exports to Europe and North Africa, which typically transit through the Middle East, were being disrupted by the conflict in the region, underscoring growing strains on global supply chains. The disruption highlights how the conflict is choking key shipping routes, driving up logistics costs, delaying deliveries and adding…
The United Kingdom’s revised Developing Countries Trading Scheme (DCTS), effective from January 2026, presents a clear opportunity for Sri Lanka’s apparel sector. It is particularly significant for small and medium-sized exporters, offering them a stronger footing in a key market. The real strength of the revised scheme lies in its practicality. By easing rules of…
The Fintech Association of Sri Lanka (FASL) has announced a strategic cross-border fintech collaboration with the Singapore-based APIX Platform, following the successful conclusion of the FinTech World Cup – Sri Lanka Regional Competition held on 31st March 2026 at Port City Colombo. The event convened fintech start-ups, financial institutions, investors, and policymakers, reinforcing Colombo’s growing…
Video Story
