Carnegie Wave Energy has signed a memorandum of understanding (MOU) with a Sri Lankan company for commercial wave and microgrid projects in the country. The wave energy firm will work with Lanka Energy Conservation to identify opportunities and development pathways for its technology on the island nation. Specifically the two companies will examine opportunities to…
CIC Holdings PLC is proud to be the Silver Sponsor for the World Export Development Forum (WEDF), organized by the Sri Lanka Export Development Board (EDB) at the BMICH from 12th-13th October 2016. A leading blue chip company in Sri Lanka, CIC Holdings stepped forward to extend support to this globally significant conference which will…
SriLankan Airlines celebrated its launch of services to Lahore, by organizing a familiarization tour to Sri Lanka for a group comprising top travel agents and media personnel from the Lahore / Punjab Province area. The group had a firsthand experience of the sights and sounds of Colombo and the resort area of Bentota. In Colombo,…
Reuters – Sri Lankan stocks on Thursday posted a third straight session of gains to end at a near one-month closing high, led by gains in financial stocks, a day after yields in T-bills dropped. The benchmark index of the Colombo Stock Exchange ended up 0.25 percent, or 15.98 points, at 6,528.30, its highest close…
Tourism insiders believe there has never been a better time to explore investment in Sri Lanka. After years of civil war, a new stability has returned to the island. It is now officially one of the fastest growing tourist markets in the world. The World Travel & Tourism Council (WTTC) forecasts Sri Lanka’s Travel &…
The Asian Development Bank (ADB) will help Sri Lanka prepare studies and designs for new road, railway, and port projects so the country’s transport system is well-placed to support economic growth in the medium term. “In Sri Lanka, the role of the transport sector has gradually changed from moving agricultural commodities to providing more diversified…
Fitch Ratings has assigned DFCC Bank PLC’s (DFCC; AA-(lka)/Negative) proposed subordinated debentures of up to LKR7bn an expected National Long-Term Rating of ‘A+(lka)(EXP)’. The proposed debentures, which will have tenors of five and seven years and carry fixed coupons, will be listed on the Colombo Stock Exchange. DFCC expects to use the proceeds to strengthen…
Hayleys PLC announced that Mr. Aravinda Perera has been appointed to its Board of Directors effective 12th September 2016. He has also been appointed Chairman of the Audit Committee for the group. Additionally, Mr. Perera has been appointed to the Boards of Fentons Ltd and Hayleys Industrial Solutions (Pvt) Ltd, both subsidiaries of Hayleys PLC….
Sri Lanka Telecom (SLT), the leading ICT solutions provider in the country announced the launch of the first ever Digital Excellence Awards, “SLT Zero One Awards for Digital Excellence” (SLT 01 Awards) to be held in Sri Lanka. SLT 01 Awards 2016 will be organized to recognize and appreciate institutions and individuals as well as…
Jeff Quigley, director of energy markets at Houston-based Stratas Advisors, said the market had yet to discover who would produce what: “I want to hear from the mouth of the Iranian oil minister that he’s not going to go back to pre-sanction levels. For the Saudis, it just goes against the conventional wisdom of what…
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