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Anglostratits
June 24, 2020
Business & EconomyCapital MarketsFinance

IFC Invests $175 Million in John Keells Holding’s Businesses in Sri Lanka and the Maldives to Boost Retail and Tourism

6min4
Colombo, Sri Lanka, June 23, 2020—IFC, a member of the World Bank Group, is making a $175 million investment in John Keells Holding (JKH) to expand its supermarket chain in Sri Lanka and help fund expansion or refurbishment of hotel properties in Sri Lanka and the Maldives. The $175 million long term investment is IFC’s […]
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June 24, 2020
CSRTechnology

Fortude first from Sri Lanka to join Microsoft AI for Accessibility program

4min2
The grant enables development and expansion of accessible technology for people with disabilities Colombo, Sri Lanka: June 22, 2020 – Microsoft announced it selected Fortude as the first Sri Lankan grant recipient of its AI for Accessibility program, which funds organizations that use artificial intelligence to empower people with disabilities. The grant — which includes access to Microsoft’s Azure cloud computing […]
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June 24, 2020
Finance

HNB FINANCE gets Fitch rating upgraded to ‘AA-(lka)’

3min2
June 23, 2020: Leading Sri Lankan Financial Services provider HNB FINANCE, recently had its National Long-term rating upgraded to ‘AA-(lka)’ with a negative outlook following the recalibration of Fitch’s rating scale for Sri Lanka. The recalibration was conducted to reflect changes in the relative creditworthiness among Sri Lankan issuers following Fitch’s downgrade of the sovereign […]
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June 23, 2020
Apparel

South Asia Textiles Partners with HeiQ Materials AG

8min1
Partners with HeiQ Materials AG to use their textile technology HeiQ Viroblock on the knitted jersey fabric the company is producing a face mask program in the US. HeiQ Viroblock NPJ03 is among the first textile technologies in the world to be proven effective against SARS-CoV-2 in the laboratory. Tests conducted by Swiss textile innovator […]
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June 23, 2020
BankingFinance

In stores or on the couch, Asia Pacific consumers shift rapidly to digital commerce and show no signs of turning back – Mastercard study  

8min0
More online purchases on the way as people expect to do less in-store shopping  The way we shop is changing and how we pay is evolving. As COVID-19 alters our daily lives, consumers in Asia Pacific are rapidly going digital with purchases of everything from groceries to movies in a shift that looks set to […]
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June 23, 2020
Finance

Nation Lanka Finance appoints Suresh as CEO

3min4
NLF announced the appointment of Suresh M. Amerasekera as their new CEO with effect from 9th June 2020.Up to now he was functioning as the COO, from September 2nd 2019 Suresh is a Senior Banker, with over 35 years of experience in the Finance Industry.  He last held the position as the   CEO of Pan […]
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June 23, 2020
Travel & Tourism

Emirates ready to serve travellers and welcome tourists to Dubai

5min0
Dubai to open for tourists from 7 July, Emirates launches destination Dubai ad New protocols to open travel for UAE citizens, residents and international visitors, with clear measures to protect the health and safety of communities Emirates welcomes the latest air travel protocols that will facilitate international travel for UAE citizens, residents and tourists, and […]
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Lanka Business News is amongst the leading online Business News portals in Sri Lanka, unique for its focus on contemporary business news relevant across multiple industries operating in the country. We present not only the news, but a perspective based on observations and possible implications of a prevailing news item. LBN also provides an insight to the impact of a global economic or industrial development, thus helping stakeholders make informed and calculated decisions.

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