The Asian Development Bank (ADB) has approved a $100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change. “SMEs play a critical role in Sri Lanka’s economy, contributing 52% to the country’s gross…
Premium income improves by 14.6% to Rs 33.4 billion Pays Rs 23 billion in net claims and benefits to policyholders Life Fund grows by 16.8% to Rs 157.5 billion CAR improves to 344% nearly triple the minimum requirement Ceylinco Life has achieved the milestone of two decades of unbroken market leadership in Sri Lanka’s life…
The first LNG battery hybrid powered RORO vessel berthed at the Hambantota International Port (HIP) for the discharge of construction machinery and equipment (high and heavy vehicles including airport buses, mobile cranes, etc.). The transshipment cargo is destined for Dammam and Maldives. The Jasmine Leader of NYK Line, which arrived at HIP in the first…
Mediwave, a leading-edge HealthTech company, was recognised as a finalist at the prestigious Global Mobile Awards (GLOMO), part of the Mobile World Congress (MWC) powered by GSMA in Barcelona, Spain. This acknowledgment underscores Mediwave’s exceptional contributions to the field, particularly its innovative and integrated use of AI, Internet of Medical Things (IoMT), and Mixed Reality technologies….
Fully-fledged Digital Solution for the First Time in Sri Lanka SLT-MOBITEL, the National ICT Solutions Provider, in collaboration with Sri Lanka Railways, marked a significant milestone by successfully digitizing the ticket reservation process for both customers and government employees, ushering in a new era of convenience and efficiency. The new, fully-fledged digital system includes E-Ticket…
Heritance Ayurveda, a leading wellness destination renowned for its authentic Ayurvedic experiences, is thrilled to announce its recent accolade as the ‘Best Ayurveda Resort Sri Lanka’ at the prestigious 9th FIT Health & Wellness Awards held in Berlin. The award ceremony was organised by Fit Reisen and held in conjunction with ITB trade fair (the…
Selyn Foundation launches #BleedGood initiative to fight period poverty in Sri Lanka Donations of reusable pads and menstrual hygiene education and awareness as core drivers of #BleedGood Selyn Foundation brings together stakeholders for impactful change in the fight against period poverty in Sri Lanka. In a bold move to redefine access to menstrual hygiene and…
Mr. Kavan Ratnayaka, a senior public and private sector figure/official will head the country’s leading state bank, the Bank of Ceylon (BOC) assuming duties as its chairman on March 14th 2024. He takes over from Mr. Ronald C. Perera (PC) who served as Chairman of the Bank since January 2023. Mr. Ratnayaka has headed a…
President Ranil Wickremesinghe announced that an expert committee would be appointed to investigate and propose solutions for the prevailing economic challenges, particularly within the construction sector. This declaration was made during a discussion held at the Presidential Secretariat last Wednesday (13), attended by industrialists from the construction sector. President Wickremesinghe emphasized the inclusion of experts…
Suzuki Motor Corporation Japan has announced a Safety recall related to the fuel system of the Japanese Suzuki WagonR model range. As the sole distributor of Suzuki vehicles in Sri Lanka, Associated Motorways (Private) Limited (AMW) is taking active steps to ensure the safety and satisfaction of Suzuki WagonR owners. The safety recall is a…
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