Lead Story
By Jithendra Antonio Navigating a New Era in Global Trade Sri Lanka, an island that has stood as a strategic maritime crossroads for millennia, now finds itself at the cusp of a once-in-a-lifetime opportunity, the chance to once again redefine its role in global commerce. With its perfect position at the heart of international sea…
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TikTok, the world’s leading short-form video platform, has selected Aleph, a global pioneer in digital advertising solutions, as its official reseller partner in Sri Lanka. This partnership marks an exciting development for Sri Lankan brands, agencies, and businesses, providing them with new opportunities to leverage TikTok’s unique ad formats and rapidly growing local user base….
Ringing in the Christmas season with joy and happiness, Sri Lanka’s leading private sector bank, HNB PLC, recently hosted the annual carol service themed ‘O Come, All Ye Faithful’ at HNB Towers. Rt. Rev. Dr. Valence Mendis, Bishop of Kandy diocese attended the festivities as the Chief Guest and was accompanied by HNB’s Chairman Nihal…
Christmas is synonymous with love, joy, and one more thing—the cheerful, jolly man who has been part of our childhood for as long as we can remember. No matter how old we get, the sight of Santa still stirs up that childlike wonder—whether it’s in festive ads, decorations glowing on streets, or someone dressed in…
For the first time Weligama Bay Marriott Resort & Spa came forward to host ‘Road to Give 2024’ CSR initiative on October 10, to raise much needed funds for the SOS Children’s Village in Galle. As a part of this initiative the Weligama Bay Marriott Resort hosted a Beach Walk and a Zumba session (by…
HUTCH is lighting up the Sri Lankan skyline with the tallest Christmas Tower the country has ever seen – “The Christmas Innovation Tower”. What was once seen as a day-to-day cell tower has been transformed into a striking symbol for hope, inspiring everyone as we enter the new year, to think differently to make remarkable…
National Development Bank PLC (NDB) proudly celebrates the recognition of its top leadership team at the prestigious Global CEO Awards Night 2024, at the ITC Ratnadipa in Colombo. This inaugural event, heralded as the “Oscars” of Sri Lanka’s business world, honoured exemplary leaders for their resilience, excellence, and visionary leadership in navigating the challenges of…
Wins overall Silver & Gold in the Sales supervisory category Bags the Best Female personality of the year Sri Lanka Insurance General showcased its prowess and commitment to service excellence at the recently concluded SLIM National Sales awards held at the Monarch Imperial, Colombo, bagging several of the prestigious awards. Achintha Jayawardene, Cluster Manager, of…
PLC Al-Safa, the Islamic Finance Unit of People’s Leasing & Finance PLC, has reaffirmed its leadership in the shariah-compliant financial services sector having secured five prestigious awards at the 9th Islamic Finance Forum of South Asia (IFFSA) Awards, held at Cinnamon Lakeside Colombo on the 26th of November 2024. This achievement is significant as it…
Winner – Top Ten Corporate Citizen Triple Bottom Line Award Winner Economic Sustainability (Profit) Category Award Winner – Economic Contribution Winner – Best Project Sustainability Awards Consolidating on an unmatched reputation for responsible banking, Sri Lanka’s largest private sector retail bank, HNB PLC, was once again ranked among Sri Lanka’s Top 10 Best Corporate Citizens…
Seylan Bank PLC, a trusted name in Sri Lanka’s banking sector, proudly partnered with the Kedalla Art of Living 2024 Exhibition as its Title Partner for the 12th consecutive year. The much anticipated lifestyle exhibition attracted over 12,000 visitors seeking innovative lifestyle solutions. The Kedalla Art of Living Exhibition, organized by Asia Exhibition and Conventions…
Top News
In a significant development for Sri Lanka’s Fair trade sector, a stakeholders’ meeting was recently held in Colombo in December 2024, organized by the Export Development Board (EDB) and the Fairtrade Network of Asia Pacific Producers (NAPP), Sri Lanka. The meeting aimed to discuss the main projects currently executing, future of Fairtrade in Sri Lanka,…
A high-level discussion on the critical preparations for Sri Lanka’s upcoming Mutual Evaluation (ME) by the Asia/Pacific Group on Money Laundering (APG) was held Monday (23) at the Presidential Secretariat under the patronage of President Anura Kumara Disanayake. The meeting focused on preventing money laundering and countering terrorism financing (AML/CFT) and included participation from cabinet…
Hambantota International Port (HIP) experienced a modest increase in cruise ship arrivals in 2024, marking a significant shift in the origin of vessels calling at the port. While there was a noticeable decline in cruise ships originating from the Indian subcontinent, the port saw a substantial rise in ships arriving from Europe. Of the 23…
The Invitation Memorandum for the exchange of International Sovereign Bonds of the Democratic Socialist Republic of Sri Lanka dated 25 November 2024 (the “Invitation Memorandum”) was published by the Ministry of Finance, Planning and Economic Development with subsequent announcement of the final results of the consent solicitation for the exchange on 16 December 2024 (terms…
In the aftermath of President AKDs visit many are talking about the Indo – Lanka joint statement to foster partnerships for a shared future (Ref. Media). Among the key points customized training & greater connectivity for bilateral growth are mentioned. Accordingly among other points, 1500 Sri Lankan civil servants shall be trained through National Centre…
The United States through the United States Agency for International Development (USAID) is proud to announce the successful completion of the first certificate program in migration law and policy in Sri Lanka by 69 professionals who now have the tools and knowledge to take the fight against human trafficking back to their communities. The six-month course was…
Moody’s Ratings (Moody’s) has today (23) upgraded the Government of Sri Lanka’s long-term foreign currency issuer rating to Caa1 from Ca. The outlook is stable. Previously, the rating was on review for upgrade. The decision to upgrade the issuer rating to Caa1 is driven by the conclusion of the restructuring of Sri Lanka’s international bonds…
The Sri Lanka Export Development Board (EDB) reports a notable 13.08% growth in export earnings from coconut-based products for November 2024. These earnings increased from $62.06 million in November 2023 to $70.18 million in November 2024. Cumulative earnings for the January to November 2024 period also rose by 19.86%, reaching $782.32 million compared to $652.70…
Analysis
By Jithendra Antonio Navigating a New Era in Global Trade Sri Lanka, an island that has stood as a strategic maritime crossroads for millennia, now finds itself at the cusp of a once-in-a-lifetime opportunity, the chance to once again redefine its role in global commerce. With its perfect position at the heart of international sea…
In the aftermath of President AKDs visit many are talking about the Indo – Lanka joint statement to foster partnerships for a shared future (Ref. Media). Among the key points customized training & greater connectivity for bilateral growth are mentioned. Accordingly among other points, 1500 Sri Lankan civil servants shall be trained through National Centre…
India’s economic growth continues to be remarkable. From a humble 3.5% GDP growth in 1990, India has emerged as the world’s 5th largest economy, with a growth rate of 7% in 2024. Reforms, liberalization, and digitalization have fueled this rapid expansion. Policy paradigm has created enabling environment which continues to propel the economic growth. Neighbouring…
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