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…
Ms. Nilupa Perera, Senior Vice President of the Broker Supervision and Listed Entity Compliance Divisions at the Colombo Stock Exchange (CSE), provides an in-depth look at the critical roles her divisions play in maintaining market integrity and fostering good corporate governance. What is the role of the Broker Supervision Division at the CSE? The Broker…
The Commonwealth Enterprise and Investment Council (CWEIC) is pleased to announce the establishment of its Sri Lanka center, which marks a key milestone in the Commonwealth’s efforts to promote trade and investment in Sri Lanka. Sri Lanka. This strategic effort, launched in collaboration with the Sri Lankan government, intends to increase trade and investment opportunities…
Port City Colombo has taken a further step towards establishing itself as a pivotal technology hub in the region by entering into a formal partnership with TRACE Sri Lanka – a leading organization that promotes collaboration, creativity, and entrepreneurship through technology and innovation across disciplines in Sri Lanka. The MOU formalising the partnership was signed…
The leading blue-chip conglomerate, Aitken Spence PLC reported an impressive EBITDA (earnings before interest cost, tax, depreciation, and amortization) of Rs. 4.3 billion for the first quarter of 2024/25, a triple digit growth of 111% over that of the first quarter of the previous year. The Group achieved a steady Profit Before Tax (PBT) of…
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