The Courier and Express Parcel Association of Sri Lanka (CEPAC) is the leading industry body representing the interests of the courier and express parcel sector in Sri Lanka. CEPAC is dedicated to promoting excellence, fostering innovation, and advocating for policies that improve the industry’s growth and sustainability. On 25th of July 2024, Courier and Express…
The latest edition provides statistical information related to Sri Lanka’s external trade and its contribution to major economic indicators such as trade balance. GDP and individual sectoral involvement for the year 2023 and five preceding years. This volume is the 37th volume of this publication, and its previous editions have been constantly used as a…
The Ceylon Chamber of Commerce, together with its Member companies, represented Sri Lanka at the BIMSTEC Business Summit held on August 6-7, 2024, in New Delhi. At the Special Ministerial Plenary at the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), Kshenuka Senewiratne, High Commissioner of Sri Lanka to India, addressed the…
Emkay Global Financial Services, a leading stock brokerage firm, has released a comprehensive report on Adani Green Energy Ltd. (AGEL), assigning a “Buy” rating with a projected 50% upside from current levels. The report underscores AGEL’s position as a low-cost leader in the renewable energy sector, with a well-secured growth path and strong operational performance….
DirectPay, a key player in Sri Lanka’s digital payment landscape, has achieved a major milestone. The company proudly announces its compliance with the Payment Card Industry Data Security Standard (PCI DSS) and celebrates an impressive achievement of processing 30 billion rupees in transactions since 2018. These accomplishments underscore DirectPay’s com mitment to security, innovation, and…
The Treasury issued the 2025 Budget Call Monday (12), which includes guidelines for the preparation of Annual estimates and the medium-term fiscal framework for 2025-2027. The Budget Call was communicated to Secretaries of Ministries, Chief Secretaries of Provincial Councils, Heads of Departments, Chairpersons of State Corporations, the University Grants Commission, and Statutory Commissions through a…
Reuters – Sri Lanka’s telecommunications regulator has issued a licence to Elon Musk’s Starlink, the satellite unit of SpaceX, to provide the country with satellite broadband services, the president’s office said. Sri Lanka’s parliament passed a new telecommunications bill last month, which amended the law for the first time in 28 years and paved the…
Sri Lanka’s first multinational textile manufacturer, the Teejay Group proudly hosted its Inaugural Sustainability Summit, marking a significant milestone as Sri Lanka’s first-ever sustainability summit in the textile industry on 13th August in Colombo. This event highlighted Teejay’s role as a leader in the industry, not only in financial performance but also in sustainability and…
hSenid Business Solutions (hBS) announced its financial results for the quarter ending June 30, 2024, reporting a significant year-over-year growth of 30.5 percent, with total revenue reaching LKR 466.0 million. The PeoplesHR Cloud business continued to be the primary driver of growth showcasing a year-over-year growth of 27.9 percent. Recurring subscription revenues accounted for 84.9%…
Cricketer M S Dhoni-backed drone technology firm Garuda Aerospace on Monday (12) announced its entry in the Sri Lankan market where it will primarily target agricultural sector to enhance farming practices, besides exploring opportunities in homeland security and industrial applications. As part of the company’s global expansion plans, the foray into Sri Lanka will also…
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