Business

BusinessTags: Print EditionFitch Ratings has assigned Sri Lankan conglomerate Hayleys PLC a National Long-Term Rating of ‘AAA(lka)’. The outlook is stable. Fitch has also assigned a ‘AAA(lka)’ National Long-Term Rating to Hayleys’ senior…

BusinessTags: Print EditionThe Central Bank says that during the year up to May 26, 2023, the Sri Lankan rupee appreciated against the US dollar by 19.8 %. Given the cross currency exchange rate movements, the Sri Lankan rupee appreciated…

BusinessManaging Director, Indika Kiriwandeniya, CEO, Ivan Nicholas and Chief Business Officer Kenaddy MichaelTags: Print EditionSANASA Life Insurance Co PLC, has taken a giant leap in the field of Life Insurance in Sri Lanka during the…

BusinessTags: Print EditionExport of Services from Sri Lanka increased by 9.56% over the corresponding period of 2022 according to the Export Development Board. (EDB) The estimated value of services exports for the period of January to…

BusinessTags: Print EditionAirAsia marks another foray into South Asia by offering direct services between Colombo and Bangkok flying 4-times a week commencing operation July 9, 2023 with special promotional all-in fares. Chief Executive…

BusinessChairman Amal CabraalTags: Print EditionDiversified Sri Lankan conglomerate Sunshine Holdings recorded resilient revenue growth in a challenging macroeconomic environment recording a Group revenue of Rs. 51.9 billion for the year…

BusinessTags: Print EditionBulk carrier Papayiannis III sailing under the Marshall Islands flag was en route from Port Said, Egypt, to Singapore when it experienced a sudden engine failure. The vessel, which was declared NUC (Not Under…

BusinessPresident SL Japan Business Council of the Ceylon Chamber of Commerce Mahen Kariyawsan and Japanese counterparts at the meetingTags: Print EditionOn the sidelines of the visit of President Ranil Wickremesinghe and the Round Table…

BusinessTags: Print EditionAs a member of the Abans Group, Abans Solar has taken the lead in introducing an environmentally friendly energy solution to Sri Lanka, through its reliable solar power systems. Reflecting advanced technology,…

BusinessTags: Print EditionRakhil Fernando, Managing Director of Daraz Sri Lanka, has been appointed as Chief Corporate Affairs Officer of the Daraz Group, headquartered in Singapore, with effect fromJune 1. This announcement follows the…