While SL was still a British colony legendary Sri Lankan Engineer T.S. Jinasena (of Jinasena Engineering est. 1905) assembled the first ever racing car in SL (The Magpie) & became the first Sri Lankan to set a record at the ‘Mahagasthota’ Hill Climb (1939). With support from his sons Nihal, Rohan, Ranjith & Tissa he…
Fitch Ratings – Positive US data in 1Q24 have helped to improve Fitch Ratings’ full-year global economic outlook, but have also raised the prospects of a ‘no-landing’ scenario and heightened interest rate uncertainty. In addition, key risks to global credit from commercial property, geopolitics and China’s real estate market remain, which we highlight in a…
The Ministry of Foreign Affairs and the International Organization for Migration (IOM) – the UN Migration entity, on 18 April 2024, facilitated the voluntary return of eight (8) Sri Lankan migrants who were trafficked for forced criminal activities in the cyber scamming compounds in Myanmar. The Sri Lankan migrants have been forced into various cyber…
The Commercial Bank of Ceylon has announced the integration of the Department of Commerce (DOC) with ‘ComBank Digital’ enabling online payments for services via LankaPay. As a result, businesses or individuals can now make secure real-time online payments for services such as registration of exporters, issuance of certificates of origin and other facilities offered by…
National Development Bank PLC, a leading financial institution committed to promoting gender equality and diversity, proudly announces its achievement of the Economic Dividends for Gender Equality (EDGE) certification for the third certification cycle. This prestigious recognition underscores NDB’s ongoing dedication to creating an inclusive workplace and its commitment to fostering gender equality across all levels…
Janashakthi Life, one of the leading life insurance companies in Sri Lanka, has recorded remarkable growth in profitability for the financial year 2023. Marked by a record profit before tax of LKR 5.2 billion, along with a resounding growth of 201% in profit after tax compared to 2022. This achievement is the highest in the…
The SLASSCOM Women in Tech Conference 2.0, held in collaboration with the International Finance Corporation (IFC) and the Government of Japan, was a landmark event in promoting gender equality in the IT & BPM sector. As the first-ever women in tech conference, held for the 2nd Consecutive year in Sri Lanka, it convened industry leaders,…
The State-Owned Enterprise Restructuring Unit (SRU) of the Finance Ministry has officially released the names of the local and foreign firms that have submitted responses to the respective requests for quote and the shortlisted bidders for the divestiture of shares held by the Government of Sri Lanka in several key state-owned enterprises (SOEs). Issuing a…
Aitken Spence Hotels has once again ranked among the top companies in LMD’s Most Awarded Hall of Fame, solidifying its position as one of the most distinguished entities in Sri Lanka. Garnering an impressive tally of 52 awards throughout 2023, the Company secured the first place in hospitality sector and fourth place among the nation’s…
HVA Foods PLC, a member of the George Steuart Group, is pleased to announce the following appointments to its Board of Directors. Accordingly, Graham Stork has taken up duties as Director and Chief Executive Officer, while Samantha Ranatunga has taken up duties as Independent Non-Executive Director & Chairman. Heladiv is HVA Foods PLC’s globally renowned…
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