CEAT Limited has made a substantial advancement in its Off-Highway Tyres (OHT) growth strategy by officially acquiring Michelin Group’s CAMSO Construction Compact Line Business, including their Sri Lanka-based Midigama plant and Casting Product plant in Kotugoda. This transaction also grants CEAT global ownership of the CAMSO brand, which will be permanently assigned across categories after a three-year…
The government has focused its attention on establishing a Task Force dedicated to promoting the tourism sector. “The decision was made with two main objectives of revitalizing the tourism industry and generating direct income growth for the national economy. This task force will be empowered to make decisions related to the promotion of the tourism…
The Commercial Bank of Ceylon recently reaffirmed its position as a trailblazer in digital payments and one of the main drivers of the Central Bank of Sri Lanka’s (CBSL) island-wide initiative to promote QR payments, when it actively championed QR-based financial transactions at the CBSL ‘Pay Digital Dambulla’ Promotional Campaign. Held at the Dambulla Dedicated…
The Sri Lanka Institute of Tourism & Hotel Management (SLITHM), in collaboration with the Department of Samurdi Development, proudly announces the launch of the “Sathkaraye Shrama Sena – Hotel Operations Multitasker Program.” This pioneering initiative is built on a strong Public–Private Partnership (PPP) model, bringing together the expertise of government institutions, private training providers, and industry stakeholders. The program is…
Reuters – Gold rose over 1% on Tuesday, surging to an all-time high above $3,500 per ounce, with investors piling into the metal on growing conviction of a Federal Reserve rate cut and lingering political and economic risks. Spot gold was up 1.5% at $3,529.01 per ounce as of 2 p.m. EDT, after climbing as…
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to reveal the Sri Lankan chapter of the Bybit Rising Fund initiative in collaboration with Ceylon Cash, the driving force behind Web3Ceylon, Sri Lanka’s largest community-led blockchain education and adoption program. The joint initiative serves to promote Web3 literacy and empower the next generation of talent with a passion for blockchain technology…
The first phase of the national programme “Dream Destination”, which aims to renovate 100 railway stations across the country, was launched today (02) at the Talpe Railway Station under the patronage of Deputy Minister of Transport and Highways Prasanna Gunasena. This initiative, implemented as a joint effort of the government, private sector and the public,…
The first coconut seed production unit in the Northern Province was inaugurated this morning (02) in Pallai under the patronage of President Anura Kumara Dissanayake, as part of the Northern Coconut Triangle Project. The initiative is being implemented as a collaborative programme between the Coconut Research Institute of Sri Lanka and the Chilaw Plantations Company….
SLT-MOBITEL is set to play a central role in accelerating Sri Lanka’s adoption of AI and digital technologies, following a strong financial recovery in the first half of 2025. Anchored by a decisive financial turnaround that delivered Rs. 4.3 billion Profit After Tax (PAT) in 1H 2025 compared to a loss of Rs. 323 million…
As Sri Lanka prepares for its upcoming Financial Action Task Force (FATF) review, the country’s ability to strengthen Anti-Money Laundering (AML) practices will have a direct bearing on its financial credibility and investor outlook. Meeting these expectations is a regulatory necessity and a national interest. Deloitte, leveraging its global network and local expertise, has been…
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