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Sailing into Paradise: Advantis Welcomes Cordelia Cruises at Hambantota Advantis and Cordelia Cruises partner to pioneer cruise sailing operations around the island The MS Empress arrives with 1,600 passengers onboard Anticipates 80,000 tourist arrivals in the first 4 months alone Advantis appointed General Sales Agent and Port Agent in Sri Lanka for Cordelia Cruises Ushering…
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68% of APJ organisations surveyed reported they were a victim of ransomware compared to 72% the year before Sophos, a global leader in innovating and delivering cybersecurity as a service, today released its annual “State of Ransomware 2023” report, which found that the rate of ransomware attacks declined slightly in Asia Pacific and Japan (APJ)…
Her Excellency Julie J. Chung, United States Ambassador to Sri Lanka, met the two Sri Lankan teams that advanced to the World Finals of Microsoft Imagine Cup 2023, during her visit to the Microsoft Office recently. Team Sipsara and The Green Tycoon were among the 48 teams to compete at the world stage of Microsoft…
Vision Care, Sri Lanka’s largest vision and eye wear solutions provider, expanded its islandwide network with the opening of its latest branch located at Asiri Surgical Hospital, Colombo 05. Asiri Surgical Hospital is one of the pioneers in private healthcare offering a wide range of specialized surgical services and latest medical treatments with modern, advanced…
Sampath Bank, as one of the leading banks in Sri Lanka, is taking a significant stride towards preserving marine biodiversity and combating climate change with its groundbreaking initiative, ‘A Breath to the Ocean.’ Launched as part of their corporate social responsibility efforts, this program aims to restore and protect the oceanic ecosystem of Sri Lanka,…
Sri Lanka’s 2nd largest life insurer Softlogic Life launched Sri Lanka’s first artificial intelligence (AI) TV commercial, recreating four of the most iconic music legends of the country; H.R.Jothipala, Milton Mallawarachchi, Clarence Wijewardena and Sunil Perera using “deepfake” technology. The creative campaign, which shows the four artists performing Softlogic Life’s iconic ‘Leda Leda’ tune, is…
The Commercial Bank of Ceylon recently celebrated Poson with a traditional ‘Pahan Gee’ recital performed by a 30-member choir comprising of staff of the Bank. The event held at the Navarangahala, was attended by many present and past staff members and their families. Representatives of the Bank’s corporate and senior management, including Chairman Prof. Ananda…
Sri Lanka witnessed a momentous occasion as the Institute of Analytics UK was officially launched in a grand ceremony held at Courtyard by Marriot, Colombo City Center on 5th of June evening. The event marked a significant milestone in the country’s journey towards harnessing the power of data analytics to drive innovation, growth, and societal…
HNB FINANCE PLC, Sri Lanka’s leading integrated financial services provider, launched a new Gold Loan Unit at its Norochcholai branch located at Kalpitiya Rd, Norochcholai. The launch event was attended by key executives, including MD/CEO Chaminda Prabhath along with AGMs, product heads, and branch managers. The 58th Gold Loan Unit was established in response to…
The partnership between eArrow (Pvt) Ltd and DIESEL & MOTOR ENGINEERING PLC (DIMO) to digitize their vocational training arm is a significant step forward in the training and development of DIMO Academy for Technical Skills. DIMO Academy for Technical Skills has been renowned for its exceptional service in providing highly employable technical qualifications in the…
SLASSCOM is excited to announce the return of the EmTech Conference 2023. Slated for June 7th and 8th, the theme this year conference is “Driving Innovation and Sustainable Growth.” The conference will spotlight the transformative potential of emerging technologies in catalyzing business innovation and fostering sustainable societal progress that will be outlined by an impressive…
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The Ceylon Chamber of Commerce in partnership with Business Network International (BNI) will host a Forum titled ‘Building a Global Sri Lanka – Networking the Way Forward’, on June 13th at the Cinnamon Grand Hotel Colombo. World-renowned networking guru and founder of BNI Dr. Ivan Misner, who has been dubbed the ‘Father of Modern Networking’…
Building an inclusive distribution and retail network is key for long-term continuity and resilience of corporate supply chains in Sri Lanka, reveals a new study by the International Finance Corporation (IFC). The study examines the impact of enhancing female participation in retail and distribution networks on the growth of fast-moving consumer goods (FMCG) companies, based…
(SeafoodSource) – Taprobane Seafoods and Direct Source Seafood have entered a strategic partnership to produce, market, and sell Taprobane’s products in the United States. Taprobane Seafoods has 17 processing facilities, employing over 2,000 direct employees throughout the North-Western and Northern Provinces. They are committed to being a leader in sustainable and socially responsible seafood. Taprobane Seafoods is…
Ajay Banga takes on the post of the fourteenth President of the World Bank for a five-year term beginning June 2023. Mr Banga, a distinguished global leader and former Chairman of the International Chamber of Commerce (ICC), brings his new role a wealth of experience and expertise. His appointment follows a rigorous selection process conducted…
Port City Colombo recently hosted a Joint Symposium on Coral Reef Ecology bringing together renowned experts in the field to discuss the current state of coral reefs and explore strategies for their protection and restoration. The Symposium coincided with World Environment Day and World Oceans Day, highlighting Port City Colombo’s dedication to sustainability and the…
(Reuters) – The global sovereign debt roundtable will meet on Friday to focus on technical talks aimed at discussing issues such as arrears and comparability of treatment for countries in default, two sources with direct knowledge of the matter told Reuters. This would be the third encounter for the group that includes representatives of the…
Chief of Staff to the President and National Security Advisor (NSA) Mr Sagala Ratnayaka led the Sri Lanka delegation to the 20th IISS Shangri-La Dialogue, Asia’s premier Security Summit held in Singapore from 2 – 4 June 2023. The highly anticipated summit commenced on 2 June with a powerful Keynote address delivered by Australian Prime…
Cordelia Empress, India’s first international cruise from Chennai to Sri Lanka, started it’s maiden voyage on the 5th of June 2023, from Chennai, flagged off by Indian Minister of Ports , Shipping and waterways Sarbananda Sonowal . This gigantic Vessel is scheduled to make its maiden call at the Hambantota Port today (6th June 2023)…
Analysis
With the current GSP+ regulation set to expire by the end 2023, it is imperative that Sri Lanka takes measures to secure concessionary access to the European market. Securing GSP+ depends on Sri Lanka upholding the already ratified conventions spanning human rights, labour, environment and governance. If Sri Lanka is to lose GSP+, the combined…
Business Sentiment – Index Comes Under Pressure At best, there’s been a lull in the psyche of businesspeople; as a worst case, the time to take stock following the IMF’s US$ 3 billion Extended Fund Facility (EFF) approval on 20 March has resulted in a reality check of what Sri Lanka will have to endure…
By Prof Samitha Hettige Asia’s foremost defense summit is the Shangri la Dialogue held in Singapore. SL’s Galle dialogue is expected to go on same lines. Senior defense officials come there to debate region’s security challenges & take fresh approaches together. A review of the past indicates that some members use it to teach others about…
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