Lead Story
The Tech Portal – Nvidia has conquered a new milestone – the chipmaking giant surpassed tech behemoth Apple in market cap on Tuesday. Nvidia’s market cap reached a total of $3.43 trillion after a 2.9% increase in its share price, blowing past Apple’s market cap of $3.4 trillion. The signs had been there, and the…
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Hosts top 125 dealers and their families at two-day event at Cinnamon Grand and Port City Sri Lanka’s leading tyre brand CEAT pulled out all the stops to felicitate and recognise top dealers at a two-day convention and awards gala at the Cinnamon Grand and the Port City recently, blending glitz and fun with an…
Sysco LABS’ flagship awards event – Blueprint 2024 took place recently at the Shangri-La Colombo. Sysco LABS colleagues gathered to celebrate a year of success, with colleagues being recognized in several categories including long service awards, sporting colors and the coveted ‘Hall of Fame’ awards which recognize excellence in Tech Operations, Quality Engineering, Enablement and…
Sri Lanka’s leading private sector bank, HNB PLC, recently announced its partnership with the KIU Group, a conglomerate that provides comprehensive educational and professional opportunities, to nurture the country’s next generation of leaders. HNB and KIU Group of Companies, comprising of KIU University, EIPER International (Private) Limited, Green Cross Sri Lanka, and PYG Lan (Pvt)…
Indulge in a delightful afternoon tea for two at Table by Nyne, where beautifully designed alfresco terraces set the stage for a memorable experience. The Menu Savour a selection of finger sandwiches, including smoked salmon blinis and classic cucumber sandwiches, alongside modern bites like mini chicken tacos and wagyu beef sliders. Freshly baked scones, served…
Seylan Bank is announcing the relaunch of its Affinity Credit Card, designed exclusively for members of the Rotary District 3220 – Sri Lanka and Maldives. This enhanced offering comes with a host of new benefits tailored to meet the unique needs of Rotarians. The revamped Affinity Credit Card provides numerous advantages such as a waived…
Marking a milestone in its illustrious journey, Alumex PLC, a trailblazer in the aluminum extrusion industry, proudly inaugurated its revolutionary ‘Ascend’ facility on 26th September 2024 in Sri Lanka, setting a new benchmark in production efficiency and technological advancement. Strengthening its market presence, the new state-of-the-art facility embodies a giant step forward in Alumex’s commitment…
First Capital, a frontrunner in Sri Lanka’s financial services sector with over four decades of distinguished service offering, is proud to announce the launch of its groundbreaking Unit Trust investment and withdrawal service via WhatsApp. This innovative initiative marks a significant milestone in making investment services more accessible and user-friendly, as First Capital continues to…
Fonterra Brands Lanka emerged as the winner of the 2024 National Supply Chain Excellence Award (NSCEA), solidifying its leadership in supply chain innovation and operational excellence in Sri Lanka. Presented by the Institute of Supply and Materials Management (ISMM) in collaboration with the Ministry of Industries and the Industrial Development Board (IDB), this accolade highlights…
The ceremonial event of the World Tourism Day Celebrations 2024 organized by the Final year undergraduates of the Hospitality, Tourism and Events Management degree programme of the Department of Tourism Studies, Faculty of Management of Uva Wellassa University in collaboration with the Ministry of Tourism – Uva Province. The world tourism day is annually celebrated…
The Tokyo Cement Group recently inaugurated the second phase of the A.Y.S. Gnanam Village Heartbeat Empowerment (VHE) Centre in Trincomalee. Initially established in 2023 with the Foundation of Goodness (FOG), this facility extension was inaugurated by Mr. Mano Sekaram and Mrs. Averil Ludowyke, Directors of the Tokyo Cement Group, alongside Mr. Kushil Gunasekera, Founder/Chief Trustee…
Top News
By Dr Bilesha Weeraratne The recent presidential election in Sri Lanka marked a series of “firsts,” setting it apart from previous elections. It saw a record-low number of 350,516 valid voters per candidate, implementation of the Regulation of Election Expenditure Act of 2023, and a second count of votes. Notably, there was also greater engagement from…
How an Effective Procurement Policy Overhaul Could Rewrite the Nation’s Future and Transform the Nation’s Public and Private Sectors By Jithendra Antonio In a country where corruption has long infiltrated both public and private sectors, Sri Lanka approaches a critical juncture, where decisions today will echo for generations. Embedding a robust procurement system is more…
Inovartic Investment Lanka Pvt Limited, a joint venture between Sri Lanka’s Apex Asia Holdings and UAE’s Inovartic Investment LLC, announced the launch of the Abu Dhabi University Graphene Centre – an advanced facility dedicated to pioneering research in graphene technology. This centre was inaugurated at Abu Dhabi University to drive scientific progress and international collaborations…
Salesforce, the #1 CRM, powered by AI technology and capabilities, reinforced its commitment to digitally transforming businesses in Sri Lanka, aligning with the country’s 2030 vision for a digital Sri Lanka. Leveraging Salesforce’s cutting-edge innovation around Artificial Intelligence (AI) and automation, Salesforce will revolutionise customer experiences for businesses across industries in Sri Lanka, unlocking significant…
John Keells Holdings (JKH) reported an EBITDA of Rs. 8.09 billion for the second quarter of the 2024/25 financial year, marking a 4% decline from Rs. 8.42 billion in the same period last year. This drop was primarily due to pre-opening costs related to the recently launched ‘Cinnamon Life’ hotel. However, excluding these costs, EBITDA…
Sumsub, a leading full-cycle verification platform, has released its Global Fraud Index, the first-ever comprehensive analysis of digital fraud risks across 103 countries. The Index aims to shed light on the root causes of fraud, offering governments, regulatory bodies, and businesses actionable insights to strengthen their defenses against this growing threat. In a concerning revelation,…
by Dhananath Fernando A fresh controversy has erupted following reports that Sri Lanka’s Central Bank (CBSL) injected nearly 100 billion rupees into the banking system by October 25. Given that money printing was the major cause of the country’s financial crisis, this news has sparked considerable attention. CBSL has defended its actions, arguing that these…
The Bank of Ceylon (BOC), Sri Lanka’s leading state-owned financial institution, is pleased to announce the appointment of Mr. Kavinda de Zoysa as its new Chairman. Mr. de Zoysa, a career banker with over 30 years of industry experience and 25 years in management, brings proven leadership capabilities and strategic insight to BOC. His deep…
Analysis
By Dr Bilesha Weeraratne The recent presidential election in Sri Lanka marked a series of “firsts,” setting it apart from previous elections. It saw a record-low number of 350,516 valid voters per candidate, implementation of the Regulation of Election Expenditure Act of 2023, and a second count of votes. Notably, there was also greater engagement from…
How an Effective Procurement Policy Overhaul Could Rewrite the Nation’s Future and Transform the Nation’s Public and Private Sectors By Jithendra Antonio In a country where corruption has long infiltrated both public and private sectors, Sri Lanka approaches a critical juncture, where decisions today will echo for generations. Embedding a robust procurement system is more…
by Dhananath Fernando A fresh controversy has erupted following reports that Sri Lanka’s Central Bank (CBSL) injected nearly 100 billion rupees into the banking system by October 25. Given that money printing was the major cause of the country’s financial crisis, this news has sparked considerable attention. CBSL has defended its actions, arguing that these…
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