A Premier Banquet Venue at Sri Lanka’s Iconic Colombo Lotus Tower For those planning to host an event that truly stands out, Cosmic by Citrus offers a venue like no other. Located at the Colombo Lotus Tower, Cosmic by Citrus holds the title of South Asia’s tallest banquet hall, providing a unique setting for product…
In a significant move, the Colombo Stock Exchange (CSE) has introduced High-Yield Bonds, allowing companies with ratings below investment grade to raise capital by way of issuing bonds via the CSE. Unlike standard listed corporate bonds which require a minimum rating of at least one notch above investment grade, this initiative enables companies that previously…
A Unique Dining Experience with 360-degree Views at Sri Lanka’s Tallest Revolving Restaurant As the holiday season approaches, Blue Orbit by Citrus invites guests to celebrate high above the Colombo skyline with a dining experience like no other. Located at the top of the Colombo Lotus Tower, this revolving restaurant — the tallest in Sri…
Wins international pitch by Rwanda Development Board Arising from a competitive international pitch, MTI Consulting has been selected by Rwanda Development Board (RDB) to develop their 5-year Strategic Plan. The Rwanda Development Board (RDB) is a government agency in Rwanda with a vision to transform Rwanda into a dynamic global hub for business, investment, and…
John Keells Holdings PLC (JKH) has successfully concluded its Rights Issue, raising Rs. 27.43 billion, exceeding the initial target of Rs. 24.04 billion. The company had initially offered 150.26 million new ordinary shares at Rs. 160 per share on a 1-for-10 basis, with the proceeds intended to support critical projects, including its ambitious “City of…
President Anura Kumara Dissanayake has instructed officials of the Ministry of Finance to take necessary action to provide a monthly interim allowance of Rs. 3000 to all pensioners, from next week. After reviewing the delay in adding the Rs. 3000 allowance to the October pension, the President directed that this amount be credited to the…
The Sri Lanka–Indonesia Business Council of the Ceylon Chamber of Commerce undertook a successful business promotion mission to Indonesia, from 06 to 11 October 2024. The delegation consisted of 14 Sri Lankan business professionals from various sectors, including food & beverage, logistics, pharmaceuticals, apparel, travel, IT, and recreation industries. The tour covered several business forums,…
The Bentota Celestia Ayurveda resort, the latest addition to Sri Lanka’s tourism industry, boasts an investment of Rs. 28 billion and spans over 6 acres of land, housing 65 luxurious rooms, five of which are villas. The Board of Investment of Sri Lanka is facilitating this new enterprise in the tourism sector and will continue…
By Sulochana Silva and Rashmi Anupama Sri Lanka’s recent Value Added Tax (VAT) revisions have placed a heavier burden on lower-income households, who now spend 10% of their income on VAT. This tax burden, along with broader issues in taxation, welfare, and healthcare, was a central focus at the Institute of Policy Studies of Sri…
Unilever Sri Lanka, in partnership with Vega Innovations, and the United States Agency for International Development’s (USAID), is scaling up the use of refillable stations. These stations, part of Vega Innovations’ UFill initiative, offer consumers cost-effective ways to refill Unilever products such as laundry liquids and shampoos, while reducing reliance on single-use plastic packaging. By…
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