Lead Story
Reuters – U.S. companies from Target and Macy’s to package delivery firm UPS plan to hire thousands of seasonal workers ahead of the crucial holiday season. Retailers are expected to add fewer seasonal jobs this shopping period than last year due to a softer labor market and tighter consumer spending, according to a forecast from Challenger, Gray…
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Standard Chartered Sri Lanka has announced a milestone achievement, obtaining the EDGE Move certification for the second consecutive time, in its commitment to nurture gender equality in the workplace. The certification, the second-highest level offered by the EDGE Certified Foundation (Equity, Diversity, and Gender Equality), is also a national benchmark, as Standard Chartered Sri Lanka…
Union Bank recently signed a MOU with Micro Cars Limited to provide customers with convenient leasing facilities, coupled with added benefits. The MOU was signed in the presence of Chaya Jayawardane, Senior Vice President of Retail Banking, Kasun Balasooriya, Head of Leasing, and Dilukshan Jayakody, Branch Manager Borella along with other representatives from Union Bank,…
Feeling lonely? You are not alone. Shocking statistics from the World Health Organisation have revealed that one in four people around the world are now suffering from loneliness. Loneliness and social isolation are widespread. And since US Surgeon General, Dr Vivek Murthy, claimed social isolation is as damaging as smoking 15 cigarettes a day –…
The 92nd Ritzbury Sir John Tarbat Senior Athletics Championship 2024, held from the 30th of September to the 03rd of October 2024 at the Sugathadasa Stadium in Colombo, concluded on a high note, with the nation’s top young athletes showcasing their skill and determination. The event, powered by Ritzbury, a devoted supporter of nurturing Sri…
Multilac, Sri Lanka’s leading paint brand, was proud to have partnered with RIBA Sri Lanka for the “Architects of Innovation & Inspiration” event, featuring esteemed architects Murad Ismail and Shayan Kumaradas. This collaboration marked a proud moment for Multilac, as we supported and celebrated architectural creativity and innovation on both local and global platforms. As…
Cancer has become a significant health problem in today’s world. Currently, more than 30,000 new cases are reported annually in Sri Lanka, worsening the situation. This rapidly growing cancer has become a source of financial and mental stress not only for the patients but also for their family members. We can see many cases where…
Nawaloka claims victory with the coveted NDB Trophy NDB Bank proudly congratulates Nawaloka on their triumphant win at the NDB-MCA “C” Division 50-Over League Tournament 2024 Finals, held on the 29th of September 2024 at the Bloomfield Grounds, Colombo 7. With an impressive score of 265/8 in 50 overs, Nawaloka defeated LOLC, claiming the coveted…
Joins ‘Life to Our Coral Reefs’ initiative, one year after partnering with ‘Life to Our Beaches’ The Commercial Bank of Ceylon has joined the ‘Life to Our Coral Reefs’ initiative of the Sri Lanka Business and Biodiversity Platform popularly referred to as Biodiversity Sri Lanka (BSL), pledging the full weight of its support to an…
T W C Capital PVT LTD (“TWC Capital”) was established under T W Corp (Pvt) Ltd (“TWC”) to provide corporate finance advisory services TWC Capital is currently acting as transaction advisors on several cross-border and local M&A transactions valued at over USD 200 Mn TWC Capital commissioned to partner with lead transaction advisors in the…
Siyapatha Finance PLC is proud to announce its recognition in two of the prestigious awards that recognize and reward exemplary leadership and dedication of HR professionals around the globe. Mr. Prasad Udugampola, the Chief Human Resources Officer (CHRO) of Siyapatha Finance PLC, was honoured with “Top Most HR Leaders – Sri Lanka” from the World…
Top News
By Priyanka Jayawardena The recent VAT revisions have hit the poorest the hardest, whereas the bottom 10% of income group households now spend about 10% of their income on VAT. The VAT burden has risen by approximately 50%, primarily due to the removal of VAT exemptions on around 100 items. This blog offers potential solutions…
Sampath Bank PLC proudly announces its participation in a significant financial milestone, contributing to the $750 million senior unsecured syndicated term loan facility for the State Bank of India (SBI), facilitated by Mashreq, one of the leading financial institutions in the MENA region. This collaboration highlights Sampath Bank’s commitment to supporting strategic international financing initiatives….
Sri Lanka Association of Inbound Tour Operators (SLAITO), the Apex Body, representing the Destination Management Companies (DMC) industry in Sri Lanka held its 44th AGM last Friday at Heritance Ahungalla. Mr. Nalin Jayasundara, Managing Director of Aitken Spence Travels was unanimously elected as the SLAITO President at the AGM. The SLAITO, formally known as the…
HNB PLC, a leading private sector bank in Sri Lanka, has strategically partnered with John Keells CG Auto (Pvt) Ltd (JKCG Auto), to offer innovative leasing solutions for their BYD vehicle range. This collaboration aims to make sustainable transportation more accessible to Sri Lankan consumers, reflecting both companies’ commitment to environmental responsibility and innovation. Geared…
Kanni Wignaraja, the Assistant Secretary General of the United Nations (UN), met with President Anura Kumara Dissanayake Yesterday morning (14) at the Presidential Secretariat. The discussion primarily focused on governance, constitutional reforms, and the country’s electoral system. Ms. Wignaraja presented the report on “Understanding Multidimensional Vulnerabilities: Impact on the People of Sri Lanka” to President…
Representatives of the Qatar Sri Lanka Business Council (QSBC) and the Export Development Board (EDB) of Sri Lanka engaged in discussions on fostering trade relations and exploring investment opportunities between the two countries. The meeting was held virtually on 09 October 2024. The QSBC delegation was led by President John Prasad, accompanied by Secretary Waruna…
Chinese leaders met two weeks back to set the nation’s economic working plan. Chinese plans to boost the economy with stimulus measures (which lifted the stock market to record highs) were announced last week. Below can be lessons for capitalists & socialists; Economy grew by 5% during Q1&2 in 2024 & market institutions predict a…
Sri Lanka’s Board of Investment (BOI) has established an online portal to streamline the clearance procedure for removing samples from zone firms with the Joint Apparel Association Forum (JAAF) and Sri Lanka Apparel Exporters Association (SLAEA), The Biyagama Export Processing Zone has officially implemented the new system, which aims to improve efficiency and transparency for…
Analysis
By Priyanka Jayawardena The recent VAT revisions have hit the poorest the hardest, whereas the bottom 10% of income group households now spend about 10% of their income on VAT. The VAT burden has risen by approximately 50%, primarily due to the removal of VAT exemptions on around 100 items. This blog offers potential solutions…
Chinese leaders met two weeks back to set the nation’s economic working plan. Chinese plans to boost the economy with stimulus measures (which lifted the stock market to record highs) were announced last week. Below can be lessons for capitalists & socialists; Economy grew by 5% during Q1&2 in 2024 & market institutions predict a…
Fitch Ratings: Fitch Ratings believes Asia Pacific (APAC) regional credit conditions could be challenged by trade protectionism, weaker economic growth and mounting geopolitical tensions if Donald Trump wins a second presidential term. Our analysis focuses on the potential for major policy shifts if the Republican candidate wins November’s US presidential election. We do not assess…
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