Manipal Hospitals, India’s largest pan-India multispecialty hospital network by bed capacity, reinforces its philosophy of care beyond boundaries with the announcement of a landmark initiative ‘the first-ever couple open water swim from Sri Lanka to India’. Athletes Danish Abdi and Vrushali Prasade will undertake this extraordinary challenge, traversing the legendary Ram Setu route. The swim, spanning approximately…
Mels Automobiles (Pvt) Ltd., the fully owned subsidiary of Melstacorp PLC, has been officially appointed as the authorised importer and dealer for BMW automotive vehicles in Sri Lanka. Mels Automobiles (Pvt) Ltd. will be responsible for the importation, sales, and distribution of new BMW vehicles, the supply of genuine BMW parts, and the provision of…
Beruwala Resorts PLC has informed the Colombo Stock Exchange of the temporary closure of its flagship property, The Palms Hotel Beruwala, to facilitate refurbishment and operational upgrades. The hotel was closed on May 1, 2026, and is scheduled to remain shut until August 30, 2026. The company stated that the upgrades are aimed at enhancing…
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), announced that Pierre‑Olivier Gourinchas will return to academia at the University of California, Berkeley, effective July 1, 2026. Mr. Gourinchas joined the Fund in 2022 as Economic Counsellor and Director of the IMF’s Research Department (RES). “Pierre‑Olivier has provided exceptional intellectual leadership at a time of extraordinary…
The Computer Society of Sri Lanka (CSSL) has officially launched the CSSL CIO Forum 2026 and unveiled the CSSL National CIO List 2025, reinforcing its ongoing commitment to advancing ICT leadership excellence and supporting the growth of Sri Lanka’s digital economy. The initiative reflects CSSL’s continued role as the country’s leading professional ICT body, dedicated…
Reuters – GameStop, opens new tab proposed on Sunday to buy eBay Inc, opens new tab for about $56 billion in a cash-and-stock deal, with CEO Ryan Cohen saying he was prepared to take the bid directly to shareholders should eBay’s board be unreceptive. GameStop – once a stock market minnow that shot to fame…
Nations Trust Bank PLC (NTB) has announced that the transfer of Hongkong and Shanghai Banking Corporation’s (HSBC) Retail Banking business in Sri Lanka to NTB has officially been completed, with the acquired portfolio transitioning to NTB effective 1st May 2026. NTB has integrated HSBC Sri Lanka’s retail banking customers into its operations, ensuring continuity of…
Reuters – Spirit Airlines said on Sunday it had almost completed refunding passengers and returning its crew to their home bases following its decision to cease operations over the weekend. Spirit abruptly canceled flights early on Saturday morning, stranding passengers and staff around the U.S., the Caribbean and Latin America, after collapsing under financial pressures…
The Sri Lanka Purchasing Managers’ Index for Construction (PMI – Construction), as reflected by the Total Activity Index, recorded a value of 57.1 in March 2026, indicating continued expansion in construction activities, albeit at a slower pace than the previous month. Many respondents reported a challenging operating environment, mainly due to limited availability of fuel…
AHC Group has entered into a strategic partnership with the Asia Africa Chamber of Commerce and Industry (AACCI) through the signing of a Memorandum of Understanding (MoU), marking a significant step towards strengthening international trade and investment ties. The agreement was signed recently at the Heritance Hotel in Negombo between Dr. Nalaka Silva, Chairman of…
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