Selyn, a women-led handloom business, offers flexible employment and valuable income opportunities to about 1,000 women artisans and persons from marginalized groups in rural Sri Lanka. Selyn develops and exports high-value craft products in global markets. The bigger revenue margins of quality products translate into better incomes for women artisans. Thanks to its pioneering use…
Heritance Hotels and Resorts, the premier flagship brand of Aitken Spence Hotels, unveiled the Trails of Bawa Tour during the Galle Literary Festival held recently. This captivating journey was unveiled at the session titled ‘Preserving and re-narrating modern Sri Lankan cultural histories’, featuring the insights of Channa Daswatte, Sunela Jayewardene, and Johann Peiris, proudly sponsored…
NDB Bank, a stalwart in the financial industry, is delighted to announce the appointment of Mr. Kelum Edirisinghe as the Director/Chief Executive Officer, effective from February 1, 2024. Bringing with him an illustrious career spanning 30 years, Mr. Edirisinghe joins NDB after a distinguished tenure with HSBC Sri Lanka and Maldives. His wealth of experience…
The barometer of corporate sentiment comes under pressure amid multiple sensitivities The Annual Policy Statement 2024 claims that the nation has confronted its most challenging economic and societal difficulties in the post-independence era in recent years. It states that policy measures have played a pivotal role in restoring stability – albeit at a socioeconomic cost….
Sri Lanka took a significant step towards its Digital Public Infrastructure (DPI) initiative with a recent workshop hosted by the Presidential Secretariat in partnership with the World Bank. The event brought together key stakeholders from organizations like MOSIP, NPCI, the Gates Foundation, and the government to share knowledge, best practices, and innovative approaches for setting…
On behalf of the ‘International Day of Education’ which was celebrated on the 24th of January, Room to Read Sri Lanka partnered with the Colombo Stock Exchange to ring the opening bell for trading. Room to Read marks this occasion as it approaches a significant milestone of transforming the lives of 40 million children across…
Advocata’s Bath Curry Indicator (BCI) which is a price-index that tracks the monthly changes in the retail price of a basket of commonly consumed food items using prices collected from the Pettah market (by the Central Bank of Sri Lanka), recorded a year-on-year increase of 33.72% in December 2023, compared to the same corresponding period…
Consolidated power sale volume at 21.5 Billion Units (BU) in Q3 FY24, up by 82% from 11.8 BU in Q3 FY23 due to improved power demand and larger installed capacity. Adani Power Ltd. (APL), a part of Adani portfolio companies, recently announced the financial results for the third quarter ended at 31st December 2023. Commenting…
Yara Technologies [“Yara”], Sri Lanka’s premier EdFinTech company, expanded into the African market by partnering with Meus Technologies, Zambia [“Meus”]. This move is strategically aligned with Africa’s rapidly growing FinTech landscape, presenting significant opportunities for Yara to enhance access to capital, especially for the expanding middle class. The company expects the FinTech adoption to be…
The Sri Lanka Tourism Development Authority reports that the total number of tourists who visited Sri Lanka as of January 28, 2024, is 189,574. During this period, the highest number of tourist arrivals was recorded on January 15, with a total of 8,541 visitors. India was the leading contributor to tourist arrivals during this period,…
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