Hayleys PLC retained its national long-term rating of ‘AAA(lka)’ by Fitch Ratings, attesting to the Group’s strong financial stability and resilient earnings profile. The outlook on the rating is stable. The rating is upheld by the Group’s extensive operating scale, diversification across business verticals and geographies and globally leading market positions in several key businesses,…
Sri Lanka has implemented various social protection schemes since independence. However, social protection was neither conceptualized nor managed as a single sector, as a result of which there has been no holistic national vision, policy, or strategy for social protection. In fact, there has not been an accepted government definition of social protection in Sri…
Sri Lanka Tourism Promotion Bureau has been on a slow but on a steady journey promoting the destination with its promotional campaigns and marketing strategies this year mainly focusing on the new Tourism brand identity, ‘’ Sri Lanka You will come back for more’’ which indicated a new beginning in its success. With the bouncing…
The Central Bank released its second Monetary Policy Report for 2024 in keeping with the requirements of the Central Bank of Sri Lanka Act, No. 16 of 2023. The content of this Report is based on information that the Monetary Policy Board of the Central Bank considered in formulating the monetary policy decision during the July 2024 review….
Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 59.5 in July 2024, indicating a continuous expansion in manufacturing activities. All sub-indices contributed positively to this improvement. Sri Lanka Purchasing Managers’ Index for Services (PMI – Services) indicated a further expansion in services activities in July 2024 as reflected…
The Commercial Bank of Ceylon PLC has announced that it has successfully completed the largest rights issue to date by a bank in Sri Lanka, raising Rs 22.54 billion to increase the Tier I and total capital of the Bank to accommodate and facilitate future business growth. The Bank offered holders of ordinary voting as…
WindForce PLC, Sri Lanka’s leader in the renewable energy sector, has announced an outstanding financial performance for the first quarter of the 2024/25 fiscal year. The company reported a robust 87% surge in EBITDA reaching LKR 1.95 billion, a significant leap from LKR 1 billion in the same period last year. This remarkable growth highlights…
Filling the growing demand for nonstop services often means launching a new route, and yesterday, Jetstar Asia did just that with a new service between Singapore and Sri Lanka. When the new route opens in November, Jetstar Asia said it will be the only low-cost carrier to fly nonstop from Singapore to Colombo, the largest…
First Capital Holdings PLC (the Group) reported a Profit After Tax of Rs. 582 million for the quarter ended 30 June 2024, compared to Rs. 2.8 billion in the same period last year. This performance marks a significant achievement reflecting the Group’s strategic agility amidst the uncertain and challenging political and macroeconomic environment characterized by…
The shares of Cable Solutions Limited (CODE: CSLK-N-0000) commenced trading on the Colombo Stock Exchange (CSE) on 14th August 2024. The shares have been listed on the Diri Savi Board of the CSE. The occasion was marked with a special Bell Ringing Ceremony. The company’s Initial Public Offering (IPO) for over 80 million ordinary voting…
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