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As Hambantota International Port (HIP) gears up to enhance its container operations with the introduction of advanced crane technology in early February 2025, Wilson Qu, CEO of Hambantota International Port Group (HIPG), emphasized the port’s commitment to exploring untapped markets to expand its portfolio. This strategic initiative aims to significantly boost container volumes and solidify…
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Kaspersky continues to set the benchmark for excellence in cybersecurity. In 2024, the company’s products – including those for consumers, small offices, and enterprises – achieved unparalleled success in SE Labs’ rigorous testing. Across all four quarters, they earned a perfect 100% Total Accuracy Rating. Kaspersky products have once again earned the highest scores in…
The TAGS Awards Committee of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) proudly announced HNB FINANCE PLC as the Bronze award winner in the Non-Bank Financial Institutions (Total Group assets between LKR 25-75 billion) category at the prestigious TAGS Awards 2024, marking the Company’s third consecutive win at the grandeur event,…
Silk Route Ventures is proud to announce the opening of Nutra Studios in the city of Kandy, at Level 1, Kandy City Center. This marks the company’s second retail outlet, following the success of its first store at Havelock City Mall. Nutra Studios combines two of the company’s flagship brands:Ancient Nutra, offering plant-based medicines, herbal…
Marking a significant milestone in the advancement of digital customer service in the banking sector, Dialog Enterprise, the corporate ICT solutions arm of Dialog Axiata PLC., announces the implementation of a state-of-the-art, cloud-based contact centre solution for Union Bank of Colombo PLC. The cloud-hosted platform offers a unified communication solution that integrates voice, video, unified…
Ceylon Biscuits Limited (CBL), the proud owner of flagship brand Munchee and a subsidiary of the CBL Group, awarded the Best Sustainability Project Award for its initiative to develop retailer and distributor partners – Senehasin Jayamaga, at the Best Corporate Citizen Awards 2024, organized by the Ceylon Chamber of Commerce. The accolade highlights CBL’s dedication…
The Commercial Bank of Ceylon won the Gold as Sri Lanka’s ‘Green Brand of the Year’ at the 2024 Brand Excellence Awards of the Sri Lanka Institute of Marketing (SLIM) in a fitting recognition of the Bank’s uncompromising commitment to sustainability. The award recognises the substantial investments and noteworthy progress the Bank has made in…
DIMO, the diversified conglomerate in Sri Lanka, recently opened its latest DIMO CAREHUB located at Chilaw Road, Horagolla, Marawila, in Puttalam District. The company’s dedication to strengthening the North Western Province’s economy and improving community access to top-notch services and solutions is demonstrated by this strategic expansion. Located in Sri Lanka’s west coast between Negombo…
Nippon Paint Lanka engaged in a CSR initiative when it brought new life to Weliwewa Kanishta Vidyalaya in Sooriyawewa by painting the school. “This was a unique occasion when 175 students of Weliwewa Kanishta Vidyalaya were joined by architects, over 220 architectural students, parents and the local community to paint the school,” said Nemantha Abeysinghe,…
This holiday season, DFCC Bank Cards bring exclusive savings and rewarding benefits to help cardholders maximise holiday spending with added value and convenience. With DFCC Bank credit and debit cards, cardholders can enjoy up to 60% savings at Sri Lanka’s top retailers and merchants, spanning categories like clothing, dining, travel, jewellery, footwear, electronics, homeware, supermarkets,…
At the highly anticipated Kellogg’s Asia Expansion Markets Annual Meet 2024, held in Kathmandu. Delmege took center stage by winning two of the most coveted awards – the Best Country and Best General Trade awards which were received by Ms. Dinusha Bhaskaran Managing Director, Vallibel One/Delmege Ltd. This remarkable achievement underscores Delmege’s exceptional performance and…
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Sri Lanka is witnessing a significant shift towards sustainable finance with Colombo Stock Exchange (CSE) introducing the listing and trading of Green Bonds in 2023. DFCC Bank led the way among financial institutions to issue the first green bond in the country, aimed at funding renewable energy projects particularly in the solar energy sector. This…
Asia Capital PLC, along with its majority owner Dato Vijay Eswaran, has categorically denied recent claims circulating on social media that MAC Holdings has made a formal offer to acquire a majority stake in the company. In a statement issued, the company emphasized that no formal offer has been received, refuting what it called “unsubstantiated…
Sri Lanka took another significant step toward textile circularity with a four-day program under the GTEX Phase II initiative, organized by the International Trade Centre (ITC) and funded by the Swiss State Secretariat for Economic Affairs (SECO). The event, which combined a two-day training-of-trainers session with a workshop on Circular Economy Business Models for the…
This investment follows the strategic move by Ambeon Capital PLC and its subsidiaries, who recently acquired a 9.02% stake in DFCC Bank PLC Ambeon Holdings PLC, a diversified conglomerate with a strong presence across multiple sectors, continues to strengthen its position in Sri Lanka’s financial services industry through strategic investments. Recently, the company increased its…
Sri Lanka recently played host to four renowned Australian-based social media influencers in a groundbreaking digital marketing initiative aimed at rejuvenating the country’s tourism industry. This carefully curated campaign, organized by the Sri Lanka Tourism Promotion Bureau (SLTPB), concluded successfully on December 16th, 2024, as the influencers returned to their home countries, leaving a trail…
With the holiday season now underway, Visa, the global leader in digital payments, reminds shoppers to stay vigilant amidst a rise in fraud schemes. Visa’s Payment Ecosystem Risk and Control (PERC) team released the 2024 Holiday Threats Report, outlining common methods fraudsters use to steal money, data, and account details while people plan their festivities….
The Export Development Board (EDB) successfully conducted a networking and knowledge sharing session for the women entrepreneurs registered under the “Women Entrepreneurship Development Program” recently at the EDB-NDB Tower, Colombo 02. The event addressed one of the key barriers faced by women entrepreneurs, lack of networking opportunities with industry leaders. This exclusive session brought together…
India Today – Dr Manmohan Singh’s tenure as Finance Minister in the early 1990s and later as Prime Minister from 2004 to 2014 introduced policies that continue to influence India’s growth. Former PM Manmohan Singh dies at age 92 Architect of India’s 1991 economic reforms Led liberalisation, privatisation, globalisation “I honestly believe that history will be…
Analysis
By Jithendra Antonio Navigating a New Era in Global Trade Sri Lanka, an island that has stood as a strategic maritime crossroads for millennia, now finds itself at the cusp of a once-in-a-lifetime opportunity, the chance to once again redefine its role in global commerce. With its perfect position at the heart of international sea…
In the aftermath of President AKDs visit many are talking about the Indo – Lanka joint statement to foster partnerships for a shared future (Ref. Media). Among the key points customized training & greater connectivity for bilateral growth are mentioned. Accordingly among other points, 1500 Sri Lankan civil servants shall be trained through National Centre…
India’s economic growth continues to be remarkable. From a humble 3.5% GDP growth in 1990, India has emerged as the world’s 5th largest economy, with a growth rate of 7% in 2024. Reforms, liberalization, and digitalization have fueled this rapid expansion. Policy paradigm has created enabling environment which continues to propel the economic growth. Neighbouring…
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