Hindustan Times – Climate change-induced gale-force winds, erratic monsoons, and a turbulent sea are now hindering the smooth operation of the India-Sri Lanka ferry service, which was resumed 17 months ago. Remained in suspended animation for 41 years due to the civil war that ravaged the neighbouring island nation, the age-old sea route was rejuvenated…
Cinnamon Hotels & Resorts, in partnership with Indra Traders Pvt Ltd, is expanding its footprint in Sri Lanka’s hill capital with the launch of Kandy Myst by Cinnamon. Opening its doors on February 12, 2025, this vibrant new addition to the brand’s portfolio is set to transform urban hospitality in one of the country’s most…
The Central Bank of Sri Lanka (CBSL) has issued a warning regarding a rise in fraudulent job advertisements falsely claiming to offer employment opportunities at the Bank. These deceptive advertisements, often shared on social media and unauthorized platforms, misuse the CBSL’s official logo to mislead job seekers. CBSL clarifies that it does not post job…
Total of 7 awards including Exporter of the Year, Net Foreign Exchange Earner of the Year Recognised for contributions to sustainable exports, product and market diversification Global apparel-tech conglomerate MAS Holdings has once again secured multiple top awards including the coveted Exporter of the Year, at the 26th Presidential Export Awards for 2023/24. The prestigious…
hSenid Business Solutions PLC (hSenidBiz) has announced its financial results for the third quarter of FY2025, achieving a key milestone of USD 4.0 million in exit-Annualized Recurring Revenue (ARR), marking a significant step in hSenidBiz’s journey as a leading HR technology provider in Emerging Markets across South Asia, Southeast Asia, Middle East and Africa. The…
Sri Lanka’s economy witnessed a rise in currency in circulation (CIC) throughout 2024, fueled by seasonal demand and the start of the election cycle, the Central Bank of Sri Lanka (CBSL) reported. The CBSL injected Rs. 163.0 billion into the economy during the March 2024 festive period, of which Rs. 87.8 billion was returned by…
Reuters – Hong Kong will file a complaint on recent U.S. tariffs imposed on the city to the World Trade Organization, claiming the U.S. has completely ignored the city’s status as a separate customs territory, chief secretary Eric Chan said on Tuesday. “This is absolutely inconsistent with the WTO rules. Of course, they have totally…
Demonstrating exceptional and consistent growth with market leading metrics including the largest customer base, Softlogic Life recorded a stellar financial performance in 2024. The company, which marked a Gross Written Premium (GWP) of just Rs. 3 billion in 2014, achieved a GWP of Rs. 31.6 billion by December 31, 2024, growing 10 times in 10…
The National Organic Control Unit (NOCU), the competent authority for organic agriculture in Sri Lanka under the Sri Lanka Export Development Board (EDB), launched its ambitious, islandwide initiative of awareness programmes to promote organic farming practices recently. As part of the national programme, the first awareness programme planned for 2025 was held successfully in Jaffna…
Appointment of a High-Level Task Force on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) and Preparations for Sri Lanka’s Third Mutual Evaluation on AML/CFT Framework Sri Lanka’s third Mutual Evaluation on the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) framework coordinated by the Asia Pacific Group on Money Laundering (APG) is…
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