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Sri Lankan banks’ operating environment (OE) assessment and overall credit profiles will be supported by any improvement in the sovereign’s credit profile (Long-Term Foreign-Currency IDR: RD, Long-Term Local-Currency IDR: CCC-) following a completed debt restructuring, says Fitch Ratings. This is due to the strong link between sovereign financial health and banks’ operating conditions. We believe…
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The year 2024 marked a monumental chapter in the history of Royal College Water Polo. Commanding dominance in the Sri Lankan schools’ water polo arena, the Tuskers swept all five major titles at the U19 level, capped by their crowning achievement—the Dr. R.L. Hayman Trophy—at the 31st encounter with S. Thomas’ College. This historic season…
Industry Leaders from Hospital de Sant Pau and Huawei today outlined a vision of how digital technology can make hospitals more efficient and improve patients’ lives. Speaking at an event held at the Sant Pau Art Nouveau, Dr. Alfons Torrego, Medical Director at Sant Pau Hospital, outlined the current context of digital transformation in the…
In a world where skin and hair care are often the main focus, maintaining a consistent body care routine is just as important—not only for looking good, but for overall wellbeing. That’s where The Body Shop Bath & Body Range comes in, offering everything you need to nourish and pamper your skin from head to…
The bustling Nittambuwa town is to be the latest location to receive a purpose-built eco-friendly branch building of Ceylinco Life, as Sri Lanka’s life insurance leader continues the greening of its operations across Sri Lanka. Ceylinco Life Chairman Mr R. Renganathan, Managing Director/CEO Mr Thushara Ranasinghe, directors and senior management were in Nittambuwa recently for…
Prominent early-stage venture capital firm, nVentures, has announced the successful exit of its portfolio company, Kaiju Labs, which was acquired by KAST Finance. The transaction delivered a 2X multiple on invested capital (MOIC) for nVentures, coupled with a 48.6% internal rate of return (IRR). nVentures was the first investor in Kaiju Labs, which has emerged…
The 49th International Convention on Quality Control Circles (ICQCC) took place in Colombo, the capital of Sri Lanka, from November 11th to 13th. As one of China’s representative teams, Chery’s Optimize QC Group competed against 596 teams from 14 countries and regions, ultimately winning the highest honor—the Gold Award. This marks the seventh time Chery…
Sri Lankan artist Mueen Saheed recently concluded an art cultural tour in Pakistan, where he showcased his work at three major exhibitions, captivating audiences with his creative exploration of heritage and tradition of Sri Lanka. Renowned for his abstract narrative expressionism, Saheed’s tour included the Lahore Museum, the Pakistan National Council of the Arts (PNCA),…
Suwa Diviya, a non-profit initiative dedicated to combating the rising incidence of diabetes, is excited to announce the ‘Live Well Health Fair’—the first event of its kind in Sri Lanka. The fair will take place on Saturday, November 30th, at the Arcade Independence Square, Colombo 07, from 10:00 am to 6:00 pm. The event primarily…
E.B. Creasy Solar recently oversaw the fitting of a solar energy solution at S. Thomas’ College, Mount Lavinia, powering a future of education with clean energy. E.B. Creasy Solar’s installation of the system was customized according to the College’s specific needs, underscoring the brand’s comprehensive support and reliability. Backed by 146-year legacy, E.B. Creasy Solar’s…
Sysco LABS recently launched its Quality Engineering Nexus series, hosting two insightful sessions. The Sysco LABS Quality Engineering Nexus was developed as a knowledge sharing platform to enhance the standards of quality engineering in the Sri Lankan tech industry. The inaugural event explored the “State of Quality Engineering in 2024”, featuring expert talks by Dilhan…
Top News
Jetstar Asia (3K) celebrated the launch of its direct flights between Singapore and Colombo today, as the Singapore carrier becomes the only low-cost airline to operate the route. Flight 3K333, departed from Singapore’s Changi Airport this morning, heralding the start of more affordable and convenient options for travellers wanting to explore Sri Lanka’s vibrant and…
SriLankan Airlines has won the prestigious 2025 APEX Best Entertainment Award in Central/Southern Asia at the FTE APEX Asia Expo, held on 20 November 2024 in Singapore. The APEX Awards are entirely based on certified passenger feedback, with over a million flights across 600 airlines rated on experience metrics such as seat comfort, cabin service,…
The Sri Lanka Business Council of the Maldives (SLBCM) was officially launched on November 12, 2024, at Hotel Jen Male’. The event was attended by Ministers, High Commissioners, the Ambassadors, prominent Sri Lankan and Maldivian business leaders, government officials, and dignitaries. This initiative, conceptualized and spearheaded by Sri Lanka’s High Commissioner to the Maldives Ranga…
Galadari Hotels (Lanka) PLC has entered into a landmark Restaurant Management Agreement with Soho Hospitality Corporate Service Provider – FZCO, a prominent restaurant operator based in Dubai, UAE. This strategic partnership was confirmed following a decision by the Galadari Hotels Board on November 11, 2024. The agreement, formalized on November 18, 2024, paves the way…
The Embassy of Switzerland, in collaboration with the Government of Sri Lanka and the International Labour Organization (ILO), hosted the hand-over ceremony of the Safe Labour Migration Programme (SLMP) at Cinnamon Life, Colombo. This event marked the formal conclusion of a 14-year partnership that significantly advanced the safe and regular labour migration landscape in Sri…
The Embassy of Sri Lanka in Ankara promoted Sri Lanka’s rich cultural heritage, stunning natural landscapes, and diverse travel offerings at Travel EXPO 2024, which took place from 14 to 17 November at the ATO Congresium in Ankara. The Travel EXPO, one of Türkiye’s premier tourism events, featured participants from 30 countries, 14 cities, with…
The Sri Lanka Business Council of the Maldives (SLBCM) was officially launched on 12 November 2024, at Hotel Jen Malé. This initiative, conceptualized and spearheaded by High Commissioner of Sri Lanka to the Maldives, Ranga Goonawardena, marks a major step forward in fostering stronger economic collaboration and unlocking new opportunities between Sri Lanka and the Maldives….
IFC’s projects delivered significant impact across Asia Pacific in the last fiscal year, addressing pressing development challenges including climate change, gender inequality, food insecurity, and financial inclusion, while creating jobs and improving services across the region. IFC, the largest global development institution focused on the private sector in emerging markets and a member of the…
Analysis
More public awareness, stronger infection prevention control, better control of antibiotic use, and access to microbiology are important measures to address AMR For the last two weeks, Said Dawood has been stuck alone in an isolation room in the Médecins Sans Frontières (MSF) Kunduz Trauma Centre, still trying to recover from an injury sustained eight…
Now that the United States (US) election has concluded, what direction will the US’s trade policy be headed? This is one of the burning questions that many of its trading partners are asking in the aftermath of the presidential election. A costly trade war was the outcome of the tariff hikes in 2018 – under the…
Leaders from African nations including Uganda while attending the China Africa summit in Beijing recently agreed that ‘blossoms in spring turn into fruits in autumn & a bumper harvest is the reward of hard work’. Efforts of those who fought with Rohana Wijeweera (founder of JVP) were turned into fruits this autumn by Sri Lankans…
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