Lead Story
Sri Lanka’s local assembly and automotive component manufacturing sector has become a significant pillar of the nation’s economy, driving job creation, conserving foreign exchange, and fostering technical innovation. Operating under the Ministry of Industries’ Standard Operating Procedure (SOP), the industry currently boasts over 17 assembly plants producing a range of vehicles, including motorcars, SUVs, motorcycles,…
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The Sri Pada pilgrimage season, a deeply spiritual journey, commenced on the December 2024 Full Moon Poya Day, drawing devotees from across the nation. In a heartfelt gesture of care and commitment to the well-being of pilgrims, George Steuart Health, a leader in Sri Lanka’s healthcare sector, has initiated a 24-hour CSR campaign to run…
Gamer.LK’s Play Expo & Colombo Comic Expo 2024 powered by Coca-Cola concluded recently at the Sri Lanka Exhibition & Convention Centre (SLECC), marking another milestone in Sri Lanka’s growing youth and pop culture landscape. As the country’s largest festival of gaming, Esports, and geek culture, Play Expo 2024 brought together over 10,000 attendees for two…
SLIIT hosted a gala night to celebrate its annual SLIIT Awards 2024 honouring excellence, dedication, and outstanding contributions of staff members at the Shangri-La Hotel, Colombo recently. Over 500 members of the SLIIT community came together to mark the event which also coincided with the Institute’s commemorating its 25-year special journey of education and innovation….
Fairfirst Insurance proudly celebrates a remarkable achievement as its CEO, Sandeep Gopal, Deputy CEO, Ravishankar Wickneswaran; and the ExCo members Dhilan Mitchell, Clement Fernandopulle, Dulshan Fernando, Anusha Fernando, Rasika Perera, and Thilina Pinto were honoured at the prestigious Global CEO Leadership Excellence Awards. The ceremony, held on 5 December 2024 at the ITC Ratnadipa in…
Ceylinco Life recently conducted a free medical camp in Neluwa in Galle under the Company’s ‘Waidya Hamuwa’ community health programme, ending 2024 with 12 such camps that benefitted more than 2,600 people. The long-running ‘Waidya Hamuwa’ programme has now completed 20 years, providing access to doctors and diagnostic tests to well over 150,000 people, and…
People’s Leasing & Finance PLC was honoured with the prestigious Silver Award at the 59th TAGS Awards 2024, in the Finance Companies, Leasing Companies, and Other Financial Institutions (total group assets above LKR 75 billion) category. The award was received in recognition of the company’s outstanding integrated annual report for 2023/24, titled “Great Partnerships”, further…
Cinnamon Bentota Beach Signature Selection is proud to host the second edition of South Asia’s premier gemstone exhibition, Gem Sri Lanka 2025, scheduled to take place from January 8 to January 10, 2025. This prestigious event, a cornerstone of Sri Lanka’s gem and jewellery industry, will unite leading industry professionals, international buyers, and sellers to…
In a night of celebration and achievement, Shangri-La Colombo and Shangri-La Hambantota stood out as shining stars at the Sri Lanka Tourism Awards 2024. Collectively, the two properties proudly secured the highest number of accolades, underscoring their unwavering commitment to excellence in hospitality. Awards Won by Shangri-La Colombo: Best Themed Cuisine Restaurant – Shang Palace…
Santa’s sleigh in action using drone technology In a dazzling display of creativity and innovation, Softlogic Life, Sri Lanka’s leading life insurer with the largest customer base, illuminated Colombo’s night sky at Galle Face Green with a festive spectacle like never before. For the first time in Sri Lanka, Santa Claus was seen flying in…
The Pre-Insulated (PIR) Duct industry in Sri Lanka has been subjected to controversy due to the low-quality products that are available in the market. Lead Airtec, is one of the authorized distributors of Kingspan Insulation in Sri Lanka, Maldives, and Seychelles, urges its clients in purchasing industry standard and reliable products. Kingspan Insulation notes that…
Top News
The Inland Revenue Department (IRD) has recorded its highest-ever tax revenue collection in 2024, amounting to Rs. 1,958,088 million. This includes Rs. 1,023,207 million collected as income taxes and Rs. 714,684 million as Value Added Tax (VAT). According to an official announcement from the department, the total revenue collection for last year represents an increase…
After an unprecedented 26-day rally, the Colombo Stock Exchange (CSE) faced a significant decline today (03), with key indices recording sharp drops. The All Share Price Index (ASPI) declined by 299.13 points to close at 16,049.42, while the S&P SL20 Index fell by 46.05 points, ending the session at 4,925.82. The turnover of Rs. 11.48…
Expands the long-running programme in collaboration with the Coconut Cultivation Board The Nestlé Coconut Development Plan was expanded recently, benefiting 500 rural families in the Northern Province. Conducted for the eighth year running in collaboration with the Coconut Cultivation Board of Sri Lanka (CCB), the programme has supported approximately 5,000 home-growers with hybrid coconut plantlets…
On December 27, 2024, His Excellency Ruben Gauci, High Commissioner of the Republic of Malta to India and Sri Lanka, met with Mr. Mangala Wijesinghe, Chairman and CEO of the Sri Lanka Export Development Board (EDB), at the EDB premises to discuss ways to enhance bilateral trade relations between Malta and Sri Lanka. Mr. Shano…
By Imesha Dissanayake Introduction Sri Lanka known for its biodiversity and strategic location, is increasingly challenged by the global climate crisis. With rising temperatures, extreme weather, and sea-level rise, the country faces disruptions across key economic sectors, particularly agriculture, tourism, and manufacturing. This article explores how trade policies can integrate climate action to transform vulnerabilities…
In 2024, Sri Lanka Ports Authority (SLPA) terminals achieved their highest-ever throughput, reaching 2.41 million TEUs amidst competition. SLPA alone contributed 2,413,012 TEUs, emphasising its vital role in the port’s performance despite ongoing construction at both terminals. The Port of Colombo, together with other terminals, also hit a historic milestone with a total throughput of…
Thilan Wijesinghe, Chairman of TWC Group recently addressed global policymakers and experts at the ORF Cape Town Conversation, recently held in Cape Town, South Africa. Co-hosted by the Observer Research Foundation (ORF) and the Thabo Mbeki Foundation (TMF), the event served as a critical platform for addressing pressing global South’s challenges, including the future of…
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…
Analysis
By Imesha Dissanayake Introduction Sri Lanka known for its biodiversity and strategic location, is increasingly challenged by the global climate crisis. With rising temperatures, extreme weather, and sea-level rise, the country faces disruptions across key economic sectors, particularly agriculture, tourism, and manufacturing. This article explores how trade policies can integrate climate action to transform vulnerabilities…
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…
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