Lead Story
Economic activity is expected to record a gradual recovery following a temporary setback As per the data released by the Department of Census and Statistics, domestic economic activity that was disrupted with the outbreak of the third wave of the COVID-19 pandemic and related mitigative measures is estimated to have contracted by 1.5 per cent,…
Featured
With the dawn of the New Year, Sri Lanka’s most loved brand, Sunlight, launched its ‘Best Ever Sunlight’ to mark the beginning of the ‘Best Ever Year’ in 2022. The brand brings its ‘Best Ever’ detergent powder range in four familiar and loved fragrances: Rose, Sakura, Jasmine and Lemon; all which comprise a Double Perfume…
Vision Care Hearing Solutions, one of Sri Lanka’s pioneer hearing care solutions providers and a part of the island’s largest eye care solutions provider Vision Care, successfully conducted its very first online Open House program recently. Through this unique Open House program patients were presented with the opportunity of interacting with two internationally qualified doctors…
It’s been more than four years since vivo entered the Sri Lankan Market. During this time, how has vivo established in the market? How is vivo developing in overseas markets? We embarked on our journey in South Asia in April 2014, and have gradually expanded to Europe, Asia Pacific, Africa, Middle East, Latin America and…
It is no surprise that most people reduced to wearing eyeglasses or contact lenses due to visual restrictions, would love to turn back the clock to days of 20/20 vision. Without the daily hindrances of glasses or lenses, life is just that bit more freeing, enjoyable and unhampered by a constant demand. For over 25…
Hailing a silver lining around the dark cloud of a pandemic that has been shadowing Sri Lanka for over two years, The Cheeky Monkey, a refined surf life powerhouse in the beautiful shores of Midigama, recently celebrated milestone success as it posted an exponential revenue growth during the period of November 2021 –. The revenue…
Central Depositary Systems (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), has strengthened its client base for the provision of registrar services with the addition of Chrissworld PLC. The CDS will provide the listed company with a variety of services such as share ledger maintenance, virtual AGM’s and all types…
Vegan meals are one of the most commonly requested special meals onboard Emirates flights and during the month of January, the airline witnesses an increase in demand for plant-based meals. This is because of Veganuary – a global movement to encourage a vegan diet that runs in January every year. In 2021, Emirates served up…
SLT-MOBITEL, the National ICT and Telecommunication Service Provider, celebrated Thai Pongal at the District General Hospital -Vavuniya this year, joining in the festive rituals and making a worthy donation. Thai Pongal commemorates nature’s bountiful harvest and new beginnings. Celebrating this special festival, sharing fellowship and goodwill, SLT-MOBITEL officials participated in the Thai Pongal rituals at…
The Colombo Stock Exchange (CSE) is organizing a training programme mainly for Listed Companies on Climate Disclosure in collaboration with UN Sustainable Stock Exchanges Initiative (SSE), Climate Disclosure Standard Board (CDSB) and International Finance Corporation (IFC). This will also focus on providing an overview of the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. Bringing…
HealthX, Sri Lanka’s first-ever health, and wellness super app is continuing the disruption of the industry by becoming the first health tech company in the country to integrate Blockchain technology for data protection and securing personal health information. HealthX achieved this ground-breaking feat with the support of Niftron, a Blockchain company. With the dawn of…
Top News
Marina Promenade, the latest must-see sight Nearly 90,000 visitors flocked to the Port City Marina Promenade since its opening on January 10, making it the latest must-see sight in Colombo. As crowds draw to the new landscape, queues were seen forming outside the gates open from the Galle Face side, displaying great enthusiasm from the…
CNN Business – Major international airlines are scrambling to modify or cancel flights to the United States amid uncertainty about potential interference between new 5G cell phone services and critical airplane technologies. Emirates, Air India, All Nippon Airways, Japan Airlines and Lufthansa all announced service cuts citing the issue. Emirates said it would suspend flights into nine US…
The ‘Top50’ Professional and Career Women Awards 2021 – hosted by Women in Management (WIM), in collaboration with Women in Work, a partnership between IFC and the government of Australia – recently honoured inspiring professional and career women in Sri Lanka and Maldives making a mark in their respective fields. The 11th edition of the…
State Minister of Aviation and Export Zones Development, D.V. Chanaka State Minister of Aviation and Export Zones Development, D.V. Chanaka said that International flights would commence from Colombo International Airport, Ratmalana from the 29th of this month. In particular, flights from South India, Male and Bangladesh via India to Ratmalana will be based in Ratmalana…
Jan Paul Bethke, a leading German importer of Sri Lankan fruits and tea, urged Sri Lankan agri-product exporters to practice effective and superior packaging if they are to be successful in terms of capturing markets in Europe. “If you package your product well, include a QR code (incorporating extensive details such as the farmer who…
Tech group looks to expand reach in gaming world with its biggest-ever acquisition Microsoft has agreed to buy video game maker Activision Blizzard for $75bn in the biggest-ever deal by the tech company. Under the terms of the all-cash deal, Microsoft will pay shareholders of the company behind Call of Duty and World of Warcraft…
The Silk Road Journal by Mahika Ming The Producer Price Index (PPI), reflecting the cost of goods at the factory gate, rose by 10.3% in December YoY (Ref. Chinese NBS). Bloomberg’s prediction was 11.3% growth while Reuters was 11.1% but the Chinese authorities managed to keep it lower than the western prediction. Chinese authorities adopted…
COLOMBO, Jan 18 (Reuters) – The Central Bank of Sri Lanka (CBSL) is likely to raise interest rates at its first policy announcement in 2022 to tackle growing price pressures, manage external challenges and reduce pressure on the rupee, economists and analysts said. The median estimate in a Reuters poll of 13 economists predicted the…
Analysis
The Silk Road Journal by Mahika Ming The Producer Price Index (PPI), reflecting the cost of goods at the factory gate, rose by 10.3% in December YoY (Ref. Chinese NBS). Bloomberg’s prediction was 11.3% growth while Reuters was 11.1% but the Chinese authorities managed to keep it lower than the western prediction. Chinese authorities adopted…
Methodology Revision of All Share Price Index (ASPI) Colombo Stock Exchange (CSE) is planning to revise the calculation methodology of All Share Price Index (ASPI) by changing the constituent weighting method from full Market Capitalization to free float-adjusted Market Capitalization. The following interview intends to provide some essential information in this regard. What is a…
Things are not going to get easier in 2022. So the apparel industry will just have to get stronger By A. Sukumaran – Chairman, Joint Apparel Association Forum Despite having faced down another tumultuous year, the Sri Lankan apparel industry has shown remarkable resilience in 2021, and we believe the advances we have made over…
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