Plans to raise LKR 125mn, offer 20% stake, 25 million shares at LKR 5/= per share Hybrid Investor Forum on 26th Offer opens on 4th July 2024 Brand presence in the market since 1995, a women-owned enterprise since 2016 Will become the first women-owned enterprise with founders’ origins from the Northern Province, Velani -Jaffna to…
Some individuals are accustomed to taking every issue to court. The development of the country cannot be achieved through constant litigation; it must be driven by a cohesive national policy – The President remarks at the Opening of the International Industry Expo 2024. President Ranil Wickremesinghe announced the establishment of a new development bank aimed…
The recovery in APAC tourism will continue in 2024, albeit at a slower pace due to less favourable base effects, Fitch Ratings says. Fitch forecasts visitation in APAC to reach 92% of the 2019 level, with nominal international tourism receipts exceeding that in 2019 by 6%. Most Fitch-rated APAC sovereigns have recovered from the services…
Port City Colombo, a multi-services Special Economic Zone, is set to become the engine of Sri Lanka’s future economic development by opening up opportunities for local and international university-level students to pursue academics in diversified fields of study. Fulfilling the regional demand for undergraduate and postgraduate degree programmes in Engineering, Information Technology, Business Studies/Management, Finance,…
The annual CFA Society Sri Lanka Capital Market Awards recognizing and rewarding excellence in the local capital markets was held on Tuesday, 18 June 2024, at the Oak Room, Cinnamon Grand, Colombo. This year’s CFA Society Sri Lanka Capital Market Awards – a flagship event in the CFA Society Sri Lanka calendar – was held…
Honda Motor Company with the support of Colombo Crime Division (CCD) have begun taking steps to combat the illicit sale of counterfeit spare parts. Recently, several criminal raids were conducted in Kurunegala, Rathnapura, Homagama and Panchikawatte areas, which resulted in the arrest of several dealers who were involved in the distribution of counterfeit spare parts…
The Financial Intelligence Unit of Sri Lanka (FIU-Sri Lanka) entered into a Memorandum of Understanding (MOU) with the Financial Intelligence National Center of the Kingdom of Bahrain (FINC-Bahrain) on June 04, 2024, at the 30th Plenary of the Egmont Group, held in Paris, France, to exchange financial intelligence related to money laundering (ML) and associated…
Honda Motor Co., Ltd. and Mitsubishi Corporation have announced plans to establish a new 50/50 joint venture (JV) company, ALTNA Co., Ltd., in July 2024. The two companies have decided to work together to address challenges toward the societal implementation of EVs. The new JV will combine Honda control and connected technologies for EVs and batteries…
Effective from June 1, 2024, the former Mövenpick Hotel Colombo has been rebranded as NH Collection Colombo. This rebranding results from a management partnership between Softlogic City Hotels (Private) Limited, part of the Softlogic Group, and Minor Hotels, an international luxury hotel operator with over 550 hotels in 55 countries across Asia-Pacific, the Middle East,…
The Financial Intelligence Unit (FIU) of Sri Lanka entered into a Memorandum of Understanding (MOU) with the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) to exchange information relating to investigations and prosecutions of money laundering, bribery or corruption, and other related offences. Mr. Chethiya Goonasekera, PC, Commissioner of the CIABOC and Mr. Kanishka…
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