By Prof. Samitha Hettige 2024 is special for Sri Lankans as they execute executive powers at two elections. First they elected a ‘Socialist President’. They are to elect a Parliament in few days & it’s the first since the 2021 economic crisis which some believe was worse than the 30 year conflict (valued approx 200…
Government to Compile Report on Loans Taken by Small and Medium Enterprises from Banks A special meeting was held Yesterday (11) at the Presidential Secretariat to address relief measures for Small and Medium Enterprises (SMEs) facing financial challenges. The meeting was led by the Senior Additional Secretary to the President for Finance and Economic Affairs,…
Adding stronger momentum to its growth trajectory, Softlogic Life recorded another superior quarter performance, posting Gross Written Premium (GWP) of Rs. 22 billion during the nine months ending 30th September with an increase in top-line growth of 18% compared to the corresponding period of last year. Growth for the September quarter was up 22% compared…
Classic Travel Pvt Limited has been honored as Sri Lanka’s Leading Travel Agency at the South Asian Travel Awards (SATA) 2024, held in Kathmandu, Nepal. This prestigious recognition reflects the company’s unwavering commitment to delivering exceptional travel experiences and outstanding service to its valued clients. This year’s SATA attracted over 400 nominations across multiple categories, celebrating remarkable…
Fonterra Co-operative Group Ltd has today provided an update on its work to explore potential divestment options for its global Consumer business, as well as integrated businesses Fonterra Oceania and Fonterra Sri Lanka. CEO Miles Hurrell says, following a detailed scoping phase, the Co-op has decided to proceed with a sale process for these businesses….
Hyperjet Technologies Sri Lanka in partnership with SpideRadio Telecommunication Technology Co. Limited, newest entrant in the field of access network solutions in the world, launched SpideRadio telecommunication products in Sri Lanka revolutionising the possibilities of 5G for Sri Lanka’s digital landscape. Hyperjet Technologies firmly believes that this would be an exciting opportunity for all Sri…
Sri Lanka Tourism has once again showcased its global appeal and commitment to strengthening the tourism industry by winning the esteemed “Best Stand for Doing Business” award at the 2024 World Travel Market (WTM) in London competing with more 183 destination stands present at the show. It was presented to Chairman Sri Lanka Tourism Mr….
The Board of Investment of Sri Lanka (BOI) is transforming existing factories and future industries into environmentally friendly green industries. The Board of Investment of Sri Lanka (BOI) has implemented changes to transform several investment promotion zones into green industrial zones. Industries under the purview of the Board of Investment of Sri Lanka are currently…
HVA Foods PLC, a member of the George Steuart Group, announces its exclusive distributor partnership with Müggenburg Group, Germany, a renowned family-owned company with over 80 years of expertise in high-quality herbs and botanicals. This partnership enables HVA Foods PLC to introduce Müggenburg’s extensive range of raw and processed natural ingredients to Sri Lanka, for…
Contract Agreement for Amendment No.03 of ongoing Design and Post Design Consultancy Services for Bandaranaike International Airport Development Project Phase II Stage 2 Project was signed between Airport and Aviation Services (Sri Lanka) (Private) Limited and Joint Venture of Japan Airport Consultants, Inc. & Nippon Koei Co., Ltd. on 01.11.2024. The Bandaranaike International Airport Development…
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