No decision on new Sri Lanka coal plant, President promises action on emissions
Sri Lanka’s President Gotabaya Rajapaksa has promised action on cutting the environmental fallout from the Norochcholai coal plant and said…
Category: BUSINESS
Government institutions to be connected to a single network
Sri Lanka is to centralize all government institutions through a single data network to ensure a public sector service free…
Port City Colombo successfully achieved 12Mn safe work hours with zero accidents
Port City Colombo has successfully achieved 12 million safe work hours with zero accidents, according to the ‘2018-2019 Social Responsibility…
Debt moratorium for SMEs, credit negative for banks, unlikely to support economic recovery
Sri Lanka’s debt moratorium for SMEs is credit negative for Sri Lankan banks and the sovereign because it risks increasing…
Microsoft makes ‘carbon negative’ pledge
Microsoft has pledged to remove “all of the carbon” from the environment that it has emitted since the company was…
Mobitel & ‘CareerMe’ takes on the mantle of career guidance for students, teachers and parents
Reiterating its pledge in leading Sri Lanka towards an info com and knowledge rich society, Mobitel, Sri Lanka’s National Mobile…
Fitch Affirms SriLankan Airlines’ Government Guaranteed Bonds at ‘B’
Fitch Ratings has affirmed SriLankan Airlines Limited’s (SLA) USD175 million government guaranteed 7% unsecured bonds due 25 June 2024 at…
US-China deal helps world growth stabilise; uncertainties persist: Fitch
The signing of the US-China “Phase One” trade deal will boost business confidence and supports our view that global economic…
Milford Ceylon buys 19-pct of Softlogic Life
Milford Ceylon Pvt Ltd., a Mauritius-based fund yesterday bought a 19 percent stake in Softlogic Life Insurance PLC for Rs.…
S&P revises Sri Lanka’s outlook to negative; ratings affirmed at ’B/B’
Negative outlook reflects view that larger-than-expected fiscal deficit will increase Govt.’s financing needs, concerns over debt sustainability Believes tax cuts…