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Marking a significant step toward fostering stronger business ties between Sri Lanka and Qatar to enhance investment opportunities, a special delegation from Port City, Sri Lanka visited key real estate companies in Doha from 03 to 05 September 2024. The delegation was facilitated by the Embassy of Sri Lanka in Doha in collaboration with the…
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Sri Lanka Post honored the late Sahasrabhisheka Waidhyashuri Deshabandu Dr. Victor Hettigoda, the visionary founder of the Hettigoda Group, with the launch of a commemorative stamp on his birth anniversary at the event held at Shangri-La Colombo. This significant occasion a testament to Dr. Hettigoda’s dedication, vision, and unwavering commitment to indigenous medicine and its…
Tiesh Jewellery, The Ropewalk, and Fig & Maple come together for an exclusive showcase of luxury, art, and fine dining In an exquisite blend of luxury, culinary mastery, and timeless craftsmanship, Tiesh Jewellery recently collaborated with The Ropewalk at Galle Fort Hotel and Fig & Maple, India for an exclusive evening of dining, cocktails, and…
Evolution Auto, in a landmark joint venture with Sensei Capital Partners, Atman Group, and Sino Lanka Private Limited, proudly announces its partnership with Ather Energy, India’s leading electric scooter manufacture, to bring Ather’s 450 series of scooters to Sri Lanka. As the official distributor of Ather, Evolution Auto aims to revolutionize mobility in Sri Lanka…
The National Development Bank (NDB) continues to strengthen its commitment to fostering future leaders and promoting community development through its ongoing partnership with the Mercantile Cricket Association (MCA). At a press conference held on Wednesday, 11th September 2024, at The “New Wing” Restaurant, MCA premises, NDB announced its sponsorship of the NDB-MCA “C” Division 50-Over…
Hayleys, AgStar, John Deere, DIMO, CIC and Browns join Bank effort The Commercial Bank of Ceylon recently brought together a coalition of some of the biggest names is Sri Lanka’s agriculture sector to conduct an ‘Agri Modernisation Fair’ for farmers in the Vavuniya area and introduce the latest technologies available to them and promote smart…
The Sri Lanka Export Development Board (EDB) has established a partnership with the Engineering Faculty of the University of Moratuwa by signing a Memorandum of Understanding to enhance collaboration between the Academia and the Entrepreneurs of construction, power and energy, and engineering services in Sri Lanka. The collaboration aims to support the Research and Development…
The Vision Care 109th Colombo Championship concluded successfully, marking another milestone in Sri Lanka’s tennis history with outstanding performances across all categories. Vision Care, Sri Lanka’s largest vision, eyewear and hearing solutions provider, reaffirmed its commitment to the development of sports as the Title Sponsor for this prestigious Grade A tennis tournament. Organized by the…
NDB Bank is proud to announce its remarkable success at the 39th Mercantile Athletic Championship, held from 9th to 11thof August, 2024, at the prestigious Sugathadasa Stadium in Colombo. Competing against athletes from 82 member companies and 52 institutions registered with the Mercantile Athletic Association, NDB Bank secured an impressive 23 awards, marking a significant…
352% increase in profit before tax FY24. 167% increase profit after tax. 143% increase in operating profit. 56% decrease in non-current liabilities. 46% decrease in current liabilities. Exterminators PLC, Sri Lanka’s premier pest management and environmental technology company, has remarkably demonstrated financial resilience during FY24, achieving notable profitability despite prevailing economic challenges. The company reported…
Grand Octopus the luxurious boat to celebrate any of your occasions in life was launched at Ramadia Ranmal Hotel recently. Grand Octopus is a luxurious boat fully airconditioned made to organize any function that includes wedding, birthday party, family get together and office gathering. According to Rohan Fernando the Managing Director of Rodesha Group and…
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A Strategic Policy Framework for Sri Lanka’s Knowledge and Innovation Industry (IT & BPM) SLASSCOM, the national chamber for the Knowledge and Innovation (IT&BPM) industry in Sri Lanka, recently handed over its strategic policy document titled “Igniting Knowledge, Inspiring Growth” to the country’s leading presidential candidates: President Ranil Wickremasinghe Sajith Premadasa (SJB), Anura Kumara Dissanayake (NPP), and…
Digital Mobility Solutions Lanka Limited, known as PickMe, has successfully concluded its Initial Public Offering (IPO), demonstrating robust investor interest. The company offered 43,474,179 shares at a price of LKR 36.00 per share, and the issue has been oversubscribed. As detailed in the prospectus dated September 3, 2024, the subscription list will officially close today…
The highly anticipated Initial Public Offering (IPO) of LTL Holdings Limited has been postponed following the emergence of new information that was not disclosed in the company’s prospectus. The Colombo Stock Exchange (CSE) announced the decision today, citing the need for further review. In a circular addressed to the Chief Executive Officers of trading participants,…
The Safe Processing in Cooperative Enterprises (SPICE) cooperative development project follows three farmer cooperatives in Sri Lanka, India and Guatemala Frontier Co-op, a leading supplier of sustainably sourced and organic spices, herbs and botanicals, has completed its multi-year Safe Processing in Cooperative Enterprises (SPICE) cooperative development project supported by the United States Agency for International Development (USAID) Cooperative Development Program (CDP)…
Cordelia Cruise Lines completed its second season of calls at the Hambantota International Port (HIP) in September 2024. The scheduled 6 visits between July and September brought in over 5000 tourists to the country. The next season of Cordelia cruises, which will also be 6 calls at HIP, is scheduled to begin in June 2025…
Xinhua — Moody’s Ratings has downgraded the government of Maldives’ long-term local and foreign currency issuer ratings from Caa1 to Caa2 and placed the ratings under review for a possible further downgrade, the rating agency said in a statement on Wednesday. In the statement, the rating agency added that they have also downgraded the long-term…
Sri Lanka Tourism Promotion Bureau (SLTPB) , in collaboration with the Embassy of Sri Lanka in the Netherlands, participated at the “Embassy Festival 2024” on 7th September 2024 in Hague, the Netherlands. The Embassy organized two stalls showcasing Sri Lanka tourism, culture, cuisine, tea and handicrafts to the Dutch and other international visitors. This was an…
The Central Bank of Sri Lanka announces that the Monetary Policy Review No. 05 of 2024, originally scheduled for release on the 20th of September, 2024, has been rescheduled. The updated release date will be Friday, 27th September 2024, at 7:30 a.m.
Analysis
Platforms like TikTok are becoming integral for SMBs to reach their audience across different geographies By Indika De Zoysa It goes without saying that social platforms have evolved from a mere communication tool to a powerful catalyst for business growth. For businesses in Sri Lanka, leveraging social media is now optional but essential for navigating…
By Prof. Samitha Hettige Benjamin Franklin said early to bed & early to rise makes a man healthy & wise. However, due to lifestyle changes with night life & smart phones etc. many aren’t following Franklin. Though it’s difficult to wake those who pretend fast asleep, they should be aware that approx. 936 million people…
Large infrastructure projects of the government are often financed by foreign loans and grants. When the amount exceeds USD 100,000, the law requires information about the projects to be disclosed to the public online. However, compliance with the law is poor. In 2024, the government has disclosed only 40% of the required information on foreign-financed…
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