The Sri Lanka Tourism Development Authority (SLTDA) has reported that a total of 229,298 tourists have arrived in the country in March 2025. Accordingly, the total number of tourist arrivals in the first quarter of 2025 stands at 722,276. Throughout March, weekly tourist arrivals exceeded 50,000, with the highest single-day arrival recorded on March 28,…
Appoints three Independent Non-Executive Directors Asia Capital PLC announced the appointment of three distinguished professionals, Adrian Perera, Bradley Emerson, and Ganesh Shanmugam, as Independent Non-Executive Directors to its Board. Their extensive experience across finance, banking, education, corporate governance, and logistics will further enhance the company’s strategic vision and corporate governance framework according to a company…
On March 20, 2025, a meeting was held at the Sri Lanka Export Development Board (EDB) to discuss enhancing bilateral trade relations between Switzerland and Sri Lanka. The meeting was attended by H.E. Dr. Siri Walt, Ambassador of Switzerland to Sri Lanka and the Maldives, and Mr. Mangala Wijesinghe, Chairman & Chief Executive Officer of…
Tariff uncertainty likely to sustain gold’s traction for now, analyst says Trump has promised to unveil a massive tariff plan on Wednesday U.S. job openings data due later in the day Reuters – Gold prices hit a record peak on Tuesday, as concerns that U.S. President Donald Trump’s reciprocal tariffs might fuel inflationary pressures and…
The Inland Revenue Department has announced that individuals earning less than Rs. 1.8 million annually can now claim relief on the advance income tax (AIT) charged on interest or discounts from deposits. To avail themselves of this tax relief, eligible individuals must submit a self-declaration to their respective banks or financial institutions. The Inland Revenue…
Nissan Motor India adds an all-new 7-seater B-MPV to the Indian product portfolio complementing the future line-up already announced with the 2 C-SUVs (5 & 7-seater), the affordable EV, the New Nissan Magnite and the Nissan X-TRAIL The bold new 5-Seater C-SUV’s exterior design is inspired by the All-New Nissan Patrol, catering to the most…
The Ceylon Motor Traders’ Association (CMTA), established in 1919 and an affiliate of the Ceylon Chamber of Commerce, recently hosted the visiting delegation from the Society of Indian Automobile Manufacturers (SIAM) to an evening of insightful discussions and fellowship at the Union Ballroom at the Hilton Colombo Residencies. The event, which was attended by esteemed…
Fairway Holdings, a pioneering force in Sri Lanka’s real estate and diversified industries, announces a key leadership transition following the passing of its esteemed founder, Hemaka de Alwis. The company introduced vertical luxury living to Rajagiriya, completing six projects and delivering over 1,000 apartments across Rajagiriya, Galle, and Koswatta. With sustainability at its core, Fairway…
Unilever Sri Lanka and the Industrial Development Board (IDB) of the Ministry of Industry and Entrepreneurship Development handed over the second round of financing to ten female micro-entrepreneurs. This is part of the 3-year MoU signed by Unilever and the IDB in 2024, to provide financial and capability support to female entrepreneurs. By the end…
The Business Standard – The Dhaka Stock Exchange (DSE), Pakistan Stock Exchange (PSX) and Colombo Stock Exchange (CSE) have signed a tripartite Memorandum of Understanding (MoU) on Thursday (27 March) in a “landmark move” to strengthen regional capital market cooperation. The agreement seeks to create an exchange forum to facilitate technology development and sharing, human resource…
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