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A mixed but cautiously optimistic outlook prevails as Budget 2025 approaches Confidence about the economy in corporate circles remains subdued, despite the rise of the LMD-PEPPERCUBE Business Confidence Index (BCI), which perhaps suggests a sense of caution ahead of Budget 2025. According to Pepper-Cube Consultants, the newly elected government has been well received by the…
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The Wayamba University of Sri Lanka, represented by the Department of Banking & Finance, Faculty of Business Studies & Finance, signed a Memorandum of Understanding (MoU) with CFA Society Sri Lanka recently at the University premises in Kuliyapitiya. This strategic partnership aims to foster a long-term collaborative relationship focused on promoting ethical standards and industry…
Verona Italy, a company anchored in the rich traditions of Italian craftsmanship, has proudly received the “Best Bathware of the Year 2024” award. This accolade is a tribute to the brand’s commitment to marrying timeless elegance with modern craftsmanship, a vision they’ve upheld since their foundation on January 10th, 2011. Under the leadership of Ahamed…
Nations Trust Bank has partnered with John Keells CG Auto Pvt Ltd (JKCG Auto), the authorized distributor of BYD passenger vehicles in Sri Lanka, to introduce specialized vehicle financing solutions for New Energy Vehicles (NEVs). This collaboration aims to make sustainable transportation more affordable and caters to environmentally-conscious customers and the adoption of eco-friendly vehicles….
The newly opened Queen’s Hospital Medical Centre, located in Ratmalana, is setting new standards in private healthcare with state-of-the-art facilities and compassionate services. Equipped with the latest medical technologies, including advanced ultrasound, echo, and X-ray machines, the hospital ensures patients receive precise and timely test results to address their health conditions effectively. The hospital is…
Vision Care, Sri Lanka’s leading provider of vision, hearing, and eyewear solutions, opened its second branch in Homagama, marking a significant step in its mission to bring high-quality eye and hearing care to every corner of the country. In celebration of the opening, Vision Care also conducted an eye and ENT camp at the branch…
Allianz Lanka’s Women in Leadership (WIL) hosted an insightful program at Allianz Lanka’s Head office for teenage children of Allianz Lanka employees, focusing on the theme “Preparing Teens for Life in a Digital Generation”. This initiative is aimed at equipping teenage children with the knowledge and skills necessary to navigate the complexities of the digital…
Virtusa, a leading provider of digital strategy and IT services, is widely recognized for its pro-active actions on diversity and inclusion. Our diversity strategy is bolstered by investments in technology and security systems, enabling our teams to work remotely across geographical and social boundaries. Global Head of Sustainability and Facilities, and Joint Country Head of…
DFCC Bank has unveiled DFCC ONE, a groundbreaking mobile banking application that sets an innovative benchmark in digital banking. This bold leap reflects the Bank’s unwavering commitment to redefining convenience, security, and innovation in response to customer needs. As one of Sri Lanka’s digital banking pioneers, DFCC Bank has reimagined its mobile banking experience with…
The Ceylon Chamber of Commerce is pleased to announce it was recognised for outstanding commitment to excellence in reporting and governance, winning the Gold Award in the Not-for-Profit/Non-Governmental Organisations Category at the TAGS Annual Report Awards 2024, organised by the Chartered Accountants Sri Lanka. Additionally, the Ceylon Chamber was also awarded the Sector Award and…
As the authorized distributor for LOVOL Harvesters in Sri Lanka, DIMO received two prestigious accolades at the 2025 WEICHAI LOVOL GLOBAL PARTNERS CONFERENCE, held recently at the LOVOL Center in China. DIMO was honored with the Loyal Partner Award, recognizing its enduring partnership and commitment to fostering mutual growth with LOVOL. Additionally, the company was presented…
Top News
The Colombo Stock Exchange (CSE) reached a historic milestone today (02) as the All Share Price Index (ASPI) surpassed the 16,000-point mark for the first time in the Sri Lankan capital market’s history. The ASPI surged by 403.94 points, closing at 16,348.55—a 2.53% increase compared to the previous trading day. Additionally, the day witnessed an…
The Sri Lankan government has announced new restrictions on marketing food and beverages to children, effective January 1, 2025, under the Food (Labelling & Advertising) Regulations 2022. The Ceylon Chamber of Commerce, through its Food & Beverage Steering Committee, was a key partner in shaping these regulations by providing inputs on food science, nutrition, international…
A delegation from CEAT, an RPG India company, led by Managing Director and CEO Mr. Arnab Banerjee, met with Mr. Mangala Wijesinghe, Chairman and CEO of the Sri Lanka Export Development Board (EDB), recently at the EDB Head Office in Colombo. During the meeting, Mr. Banerjee provided an overview of RPG’s operations across various sectors,…
By Joshua Perera Joshua is an experienced writer, editor, and researcher and has a background in fact-checking, investigative journalism, and debunking misinformation. Sri Lanka, renowned for its stunning landscapes, rich culture, and warm hospitality, is witnessing a resurgence in tourism after years of challenges. As the sector begins to recover, it is crucial to consider…
The Colombo Stock Exchange (CSE) is pleased to announce the appointment of Ms. Vindhya Jayasekera as the Chief Executive Officer (CEO) Designate, effective 1st January 2025. Ms. Jayasekera will succeed the incumbent CEO, Mr. Rajeeva Bandaranaike, who is due to retire during the course of 2025 after serving for 11 years in that capacity. Ms….
The index skyrockets for a third consecutive month following the election season The election of a new government has ignited a surge of optimism and speculation about the country’s economic future. Against a backdrop of prolonged economic turbulence, the government’s pledge of change has struck a chord with a business community that’s eager for both…
PASSENGERS will “fly back in time” this evening as their flight takes off from Hong Kong in 2025 and will land in Los Angeles back in 2024. A group of people will have the chance to raise a toast to the New Year twice thanks to crossing the International Date Line (IDL) during their flight….
Talented young cricketer appointed Brand Ambassador for country’s largest debit card business Matheesha Pathirana, one of Sri Lanka’s most talented young cricket stars, has been appointed Brand Ambassador for Commercial Bank, the largest private sector bank in the country. Matheesha will specifically represent the ComBank Debit Card brand, the biggest debit card base in the…
Analysis
A mixed but cautiously optimistic outlook prevails as Budget 2025 approaches Confidence about the economy in corporate circles remains subdued, despite the rise of the LMD-PEPPERCUBE Business Confidence Index (BCI), which perhaps suggests a sense of caution ahead of Budget 2025. According to Pepper-Cube Consultants, the newly elected government has been well received by the…
The index skyrockets for a third consecutive month following the election season The election of a new government has ignited a surge of optimism and speculation about the country’s economic future. Against a backdrop of prolonged economic turbulence, the government’s pledge of change has struck a chord with a business community that’s eager for both…
By Jithendra Antonio Sri Lanka’s economy feels like it’s stuck in a time loop. For decades, the same cycle has repeated—export raw materials, import finished goods, rely on tourism, and hope domestic spending plugs the gaps. But here’s the hard truth: this model is running on fumes. With $8 billion trade deficits, soaring inflation, and…
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