Fitch Ratings: Sri Lanka’s economic recovery, moderating inflation, and lower interest rates are poised to spur finance and leasing companies’ (FLCs) performance in the financial year ending March 2025 (FY25), says Fitch Ratings in a report. The loan growth will also be supported by further relaxation of vehicle import restrictions imposed since 2020 to preserve…
Reuters – The punishing post-COVID wave of sovereign defaults has finally crested, with the likes of Ghana, Sri Lanka and Zambia concluding years of painful debt reworks. But the International Monetary Fund and others worry that a dangerous liquidity shortfall could take its place in many emerging economies – setting back development, stunting climate change…
Sri Lanka Tourism is all set to make a grand entry at the upcoming World Travel Market (WTM) 2024 in London, UK, as the country’s tourism industry is poised for promising growth and development. The largest-ever trade delegation will represent Sri Lanka at this year’s show, with a historical record number of over 100 travel…
DH Ceylon Energy Pvt Ltd, a subsidiary of Ceylon Energy (PTE) Ltd and DH Energy (SG) PTE. LTD Singapore in a landmark collaboration with Southern Nexus Pvt Ltd, proudly announces the inauguration of Project Apollo, a transformative 110MW solar park located in Hambanthota, Sri Lanka. With an investment of USD 82 million, this groundbreaking initiative…
Wows Sri Lanka’s Tech and Fashion Scene At an event as sleek and cutting-edge as the device it celebrates, Futureworld unveiled the iPhone 16 in Sri Lanka with all the pomp and flair one would expect from an Apple franchise. Colombo’s tech-savvy elite, along with Kandy’s trendsetters, gathered to witness the live unboxing, hosted by…
Harnessing Sunshine in the hill country to offset 1Mn CO2 kgs Martin Bauer Hayleys (Private) Limited has successfully strengthened its energy independence through a landmark collaboration with Hayleys Solar to install a 1273-Kilowatt peak (kWp) grid-tied solar photovoltaic (PV) system at their tea extract facilities in Hatton, Nuwara Eliya district. Currently, this accounts for the…
The chairman of Sri Lanka Telecom PLC, Mr. A.K.D.D. Arandara, has submitted his resignation. According to reports, the resignation letter was handed over to the Board of Directors of Sri Lanka Telecom PLC earlier today (18). Mr. Arandara, who also served as a non-executive director, will officially vacate his position effective 16 October 2024.
Emirates has come out on top as the ‘World’s Best Airline’ amongst 90 global carriers in a recent comprehensive and methodological study by Telegraph Travel. The detailed ranking and ratings were calculated from more than 30 criteria such as punctuality, baggage allowance, route network, quality of home airport, age of fleet, value of rewards programme…
TikTok has released its Q2 2024 Community Guidelines Enforcement Report, showcasing its ongoing commitment to creating a safe digital space for its users. The report, which covers data from April to June 2024, details the proactive steps TikTok has taken to identify and remove content that violates its Community Guidelines, ensuring a positive experience for…
The Commercial Bank of Ceylon has announced the launch of Host-to-Host (H2H) payment services for corporate clients as the latest addition to ComBank Digital Enterprise Solutions – the Bank’s comprehensive and powerful suite of cutting-edge digital banking solutions for SMEs and corporates. H2H is an automated and secure solution that integrates directly with a corporate…
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