Lead Story
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, has joined the United Nations Women’s Empowerment Principles (WEPs) as a signatory, reaffirming its dedication to advancing gender equality and fostering a diverse and inclusive workplace aligned with its Diversity, Equity, and Inclusion (DEI) principles. This milestone builds on Dialog’s ongoing efforts to create opportunities for women…
Featured
Wins ‘Export Brand of the Year 2024’ – Bronze Alumex PLC was honoured with the Bronze Award in the highly coveted ‘Export Brand of the Year 2024’ category at the SLIM Brand Excellence Awards recently for the first time. This prestigious accolade celebrates Alumex’s exceptional achievements in building a powerful and globally recognised export brand….
Hatton National Bank (HNB) is pleased to announce the appointments of Bimal Perera as Deputy General Manager and Chief Growth Officer, and Chandima Cooray as Deputy General Manager and Chief Innovation Officer. These strategic additions to the leadership team at Corporate Management level underscore the Bank’s commitment to drive value accretive growth and pioneer innovation…
Reinforces commitment to promoting entrepreneurship and inclusive growth in Sri Lanka Reiterating its commitment to fostering entrepreneurship and furthering inclusive growth through digital innovation in Sri Lanka, Mastercard collaborated with the Information and Communication Technology Agency (ICTA) to power the Global Entrepreneurship Week (GEW) 2024. Organized from 18-24 November, GEW featured over 200 events and…
Rootcode, a global software product engineering company, announced another European government project. Rootcode will partner with the City of Prague, Czech Republic, to develop and launch an AI-driven citizen engagement platform. Designed to support City Authorities, the solution will assist the people of Prague in reporting citywide issues and help authorities prioritise and resolve them…
A2Z Drop-Shipping Pvt. Ltd., Sri Lanka’s leading drop-shipping company, was named the Booming Digital Enterprise in Sri Lanka at the Peoples Excellency Awards. The award was received by A2Z Managing Director Mohomed Ayoob Abdul Cader at the award ceremony held at the BMICH in Colombo. Since its establishment by Ayoob Cader in 2023, A2Z has…
The 3rd South Asia Agri Forum is set to take place on 15-16 January 2025 at the Shangri-La Hotel in Colombo, Sri Lanka. This event aims to bring together leaders, experts, and business decision-makers from South Asia and beyond to discuss key issues in the agri-food sector. With Sri Lanka’s strategic location linking the East…
Denta, a leader in oral healthcare, recently announced the growing success of their “Wadena Sinahawata Dental Sathkaraya” initiative. With a mission to raise awareness on the importance of oral health, Denta is committed to providing essential dental care to students between the ages of 8 and 14 (Grade 3 to Grade 8), empowering them with…
Sunshine Holdings PLC recently hosted Sunshine Spotlight, an inspiring event organized by the OneHR Team at Sunshine to recognize the exceptional achievements, professional growth, and contributions of its employees across various sectors. The event celebrated the impact of crucial development programs that foster skill enhancement, leadership, and personal branding, underscoring Sunshine Holdings’ commitment to nurturing…
Siyarata Traditional Hospital in Pallekele, Kandy, led by renowned traditional medicine practitioner Ranjan Muhandiram, will proudly celebrate its 25th anniversary in January, 2025. This milestone reaffirms the hospital’s dedication to preserving and advancing the age-old practices and providing exceptional patient care. Dr. Muhandiram hails from a lineage rooted in traditional medicine, with a history spanning…
Sri Lanka’s leading online real estate platform, LankaPropertyWeb, has reached a significant milestone, closing the year 2024 with two esteemed international recognitions that underscore its leadership in the industry. LankaPropertyWeb was named the Winner of the Luxury Lifestyle Awards in the category of “Best Luxury Property Portal in Sri Lanka 2024”. The Luxury Lifestyle Awards,…
Top News
The Committee on Public Finance, met for the first time Monday (Jan. 06) under the Chairmanship of its Chair, Member of Parliament Hon. (Dr.) Harsha de Silva. In terms of the Standing Orders of Parliament, Member of Parliament Hon. (Dr.) Harsha de Silva, representing the opposition, was nominated as the Chair to the Committee on…
The Government of Sri Lanka has prioritized the implementation of the National Single Window initiative to enhance services for exporters and importers of raw materials essential to local industries. Deputy Minister of Finance, Dr. Harshana Suriyapperuma, announced during a recent progress review meeting that the Department of Imports and Exports Control began offering its services…
The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has approved the tariff plans for ‘Starlink’ satellite broadband services to be implemented through ‘Starlink’ Lanka (Private) Ltd. Accordingly, the TRCSL has granted approval for five ‘Starlink’ packages ranging from Rs. 9,200 per month to Rs. 1.8 million per month. The TRCSL-approved tariff plans are as follows;…
The Governor of the Central Bank of Sri Lanka, Dr. Nandalal Weerasinghe assured that Sri Lanka’s foreign reserves remain robust. He made this remark during his appearance on Ada Derana’s current affairs programme ‘360°’ last night (06). Speaking during the programme, the CBSL chief said: “The target was around Rs.5.6 billion, but we increased it…
JICA Pledges Support for Sri Lanka’s “Clean Sri Lanka” Programme Attention drawn to expedite the on-going development work at the Bandaranaike International Airport The Japan International Cooperation Agency (JICA) will continue its financial and technical assistance to Sri Lanka without interruption, stated Mr. HARA Shohei, Senior Vice President of JICA. This assurance was revealed during…
Sri Lanka has recorded over 39,000 tourist arrivals within the first 5 days of year, according to the Sri Lanka Tourism Development Authority (SLTDA). Accordingly, a total of 39,415 tourist arrivals were recorded from 01 – 05 January, out of which 6,481 were identified as Russian nationals, while 6,183 were identified as Indian nationals. While…
HONG KONG, Jan 6 (Reuters) – China’s main stock exchanges asked some large mutual funds to restrict stock selling at the start of the year, three sources familiar with the matter said, as authorities sought to calm markets heading into a tricky period for the world’s second-largest economy. At least four large mutual funds received…
The Colombo Stock Exchange (CSE) experienced another sharp downturn today (January 6), with the All Share Price Index (ASPI) dropping 170.82 points to close at 15,878.60, marking a significant decline below the 16,000-point threshold. This marks the second consecutive day of losses for the ASPI, following a record-breaking growth streak of 26 days that ended…
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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