Fitch Ratings – Hatton National Bank PLC’s (HNB; A(lka)/Stable) potential acquisition of Bank Alfalah Limited’s (BAFL) Bangladesh operations is unlikely to affect the Sri Lankan bank’s ratings, says Fitch Ratings. We believe the acquisition, if it proceeds, would have only a modest impact on HNB’s capital. HNB announced on 26 August 2024 that it has…
MiHCM Asia Sdn Bhd has been awarded the prestigious Malaysia Digital status by the Malaysia Digital Economy Corporation (MDEC), which drives Malaysia’s digital economy. MiHCM Asia Sdn Bhd is a subsidiary of Sri Lankan homegrown company MIHCM Solutions Ltd., which operates in Asia with offices in Malaysia, Sri Lanka, Bangladesh, and Pakistan. Malaysia Digital status…
By Jithendra Antonio As the presidential election draws near, the people are eagerly awaiting the next era of Sri Lanka. There is no doubt that the result of the election will have a lasting impact on the nation and the economy. One of the most important aspects that the next government should focus on, is…
The Ambassador of Sri Lanka to Thailand Wijayanthi Edirisinghe last week held discussions with the Executive Committee of the Thai-Sri Lanka Chamber of Commerce to explore avenues to further enhance bilateral trade and economic cooperation between Sri Lanka and Thailand. During the meeting, Ambassador Edirisinghe emphasized the strong and longstanding ties between the two nations,…
SriLankan Airlines turns 45, celebrating a trailblazing journey that took off on September 1, 1979, with just two Boeing 707 aircraft. A pioneer in the region, the airline has always remained resilient in the face of turbulence and has consistently championed true Sri Lankan hospitality globally. Over the years, SriLankan Airlines has proven its versatility…
July 2024 witnessed a significant milestone as ATrad, Sri Lanka’s premier platform for online stock trading and stockbroker back-office solutions, went live in Nepal at the Nepal Stock Exchange (NEPSE) and successfully completed the first set of live orders. Renowned for its excellence, ATrad empowers clients with real-time remote order placements, portfolio management, advanced analytics,…
The International Finance Corporation (IFC) has joined forces with Diversity Collective Lanka (DCLK) and Women in Management (WIM) to launch a first-of-its-kind training program aimed at combating gender-based violence and harassment (GBVH) in Sri Lanka’s private sector. The two-year training of trainers initiative will enhance business and social outcomes by promoting respectful workplaces and empowering…
If renegotiation occurs, Sri Lanka risks losing between USD 1.2 – USD1.3 bn from December – January. Such a loss could lead to another economic collapse for the country. Sri Lanka is the only nation that has successfully navigated an economic crisis in such a short period – Minister of Foreign Affairs and Justice, Prison…
Port City Colombo has achieved a significant milestone, on-boarding 100+ companies as Authorised Persons (AP’s), as of August 24th, 2024. These companies represent a diverse range of sectors identified to the Colombo Port City Special Economic Zone, including IT, Finance, Professional Services, Shipping, Logistics, Tourism, Healthcare, Real Estate Development, and Global Capability Centres. Among these…
Associated Motorways (Private) Limited (AMW), a forerunner in Sri Lanka’s automotive industry and sole distributor of Suzuki in Sri Lanka, recently embarked on a campaign to safeguard Suzuki vehicle owners around the country. In a dedicated effort to address potential safety concerns, AMW recently launched a comprehensive recall for Suzuki WagonR models, to rectify an…
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