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Sri Lanka’s top textile maker Teejay knits strong start to 2022-23

Q1 revenue more than doubles to Rs 23.9 billion Teejay Lanka PLC has made a positive start to 2022-23 posting Group revenue of Rs 23.9 billion for the three months ending 30th June 2022. The Group achieved nearly half its full-year revenue of 2021-22 in just the first quarter of the new financial year as…

(0) Comments | August 11, 2022 9:54 am

Featured

NDB Wealth Money Fund encourages Financial Planning practices

Financial planning and managing investments are increasingly playing a critical role in the life of every individual. True financial resilience has been tested at all levels of society throughout the past months. NDB Wealth Management, having begun its momentous journey, 29 plus years ago, has always been a driving force, identifying and advising clients on…

(0) Comments | August 11, 2022 9:53 am

Self-Discovery and Professional Mastery combined for next level growth at Speakers’ Triangle

The Speakers’ Triangle will transform the way you approach life and career elevating your achievements beyond expectation. Three Transformational Master Trainers come together for a life changing experience transforming and growing individuals, careers and businesses through self-discovery, power of influence and professional mastery at the 10th repeat Speakers Triangle in Colombo this August. Shuvo Hridayesh,…

(0) Comments | August 10, 2022 4:08 pm

Daraz Payment Partner Performance Awards 2022 concludes

Recognizes key industry players Sri Lanka’s e-commerce marketplace leader Daraz recently concluded the annual “Daraz Payment Partner Performance Awards 2022” on a high note at Uga Residences, Colombo. The Awards recognizes key players in the payment cards and digital payments solutions industry, who have partnered with Daraz. Daraz is currently one of the highest digital…

(0) Comments | August 10, 2022 12:27 pm

Know Your PET: Coca-Cola Sri Lanka encourages the public to identify PET plastic and dispose responsibly

The average household uses a large number of PET plastic packaging for soft drinks, sanitizers, mouthwash, handwash, beauty products, juice, air fresheners, dishwashing liquid, medicine, cooking products as well as biscuit trays. Coca-Cola in Sri Lanka encourages the public to ensure that the many recyclable PET plastic packaging available at home are responsibly disposed even…

(0) Comments | August 10, 2022 12:18 pm

HNB SOLO partners with Lanka Hospitals for LANKAQR payment solutions

HNB SOLO partnered with Lanka Hospitals to offer LANKAQR payment solutions, enabling access to timely medical assistance while strengthening the country’s cashless and contactless payment sphere. The partnership offers customers the option of completing a transaction by scanning the Dynamic QR code, a unique QR code generated for the transaction. This allows customers using an…

(0) Comments | August 10, 2022 12:06 pm

Unilever partners with SLIM to upskill sales force

Launches SLIM courses to foster learning and capability in employees to embrace challenges and future-proof business Unilever Sri Lanka recently joined hands with the Sri Lanka Institute of Marketing (SLIM) to launch two tailor-made programmes – Certificate in Sales Management and Diploma in Sales Management – to nurture and develop the knowledge and capabilities of…

(0) Comments | August 10, 2022 11:59 am

SLA Training School Accommodation & Quarantine Complex completes first phase of construction

Construction supported by CDB with LKR 10 Mn A state-of-the-art accommodation facility & quarantine centre complex which was supported by Citizens Development Business Finance PLC (CDB) completed its first phase of construction at the Sri Lanka Army Maduru Oya Training School this month.  Responding to Sri Lanka’s national pandemic response efforts, CDB presented LKR 10…

(0) Comments | August 10, 2022 11:39 am

AIA’s top quality Wealth Planners pursue academic excellence in Personal Financial Management

AIA Insurance together with the Wayamba University of Sri Lanka congratulates the most recent batch of AIA Wealth Planners and Wealth Planners’ Managers who successfully completed the Diploma and Higher Diploma in Personal Financial Management from the faculty of Business Studies and Finance, Wayamba University of Sri Lanka. The MOU with the Wayamba University of…

(0) Comments | August 10, 2022 8:53 am

Sunshine Healthcare appoints T. Sayandhan as CEO of Lina Manufacturing

Sunshine Healthcare has appointed Mr. T. Sayandhan as the Chief Executive Officer of Lina Manufacturing, the pharmaceutical manufacturing segment of the diversified company. Sayandhan, currently CEO of Sunshine Medical Devices, has more than 30 years of experience in the healthcare industry. He joined Sunshine Healthcare in 2017 to spearhead Sunshine Medical Devices and has been…

(0) Comments | August 9, 2022 1:10 pm

Samsung Galaxy Unpacked: The Journey to the Next Generation of Foldable Innovation Starts Today

For over a decade, Samsung Galaxy Unpacked events have been the culmination of innovation, engineering and celebration — bringing together the Galaxy community from all over the world to unveil the latest Samsung Galaxy innovations. Since its inception in 2009, Unpacked has been more than just a new product launch. It’s an event that unites…

(0) Comments | August 9, 2022 12:58 pm

Top News

Government should not deviate from the agenda of national needs in the discussions to find solutions to the crises – Eran

Mr. Eran Wickramaratne, Member of Parliament of the Samagi Janabalawega emphasized that the country’s crises cannot be resolved only by agreeing to the agendas of multilateral agencies that provide assistance to find solutions to the crises that Sri Lanka is currently facing. When holding discussions with the International Monetary Fund, the government should adopt a…

(0) Comments | August 10, 2022 4:25 pm

Emirates invests over US$ 2 billion to take its on-board customer experience to new heights

Priding itself on a brand promise of ‘Fly Better’, Emirates is investing over US$ 2 billion to enhance its inflight customer experience, including a massive programme to retrofit over 120 aircraft with the latest interiors, plus an array of other service improvements across all cabins starting in 2022. Sir Tim Clark, President Emirates Airline said:…

(0) Comments | August 10, 2022 4:23 pm

Thailand hikes rate for first time since 2018 to tame hot inflation

Key rate hiked by 25 bps, as expected Rate rise was the first since Dec 2018 C.bank says economy continues to gain traction C.bank says rate hikes to be gradual Sees inflation falling back to its target in 2023 BANGKOK, Aug 10 (Reuters) – Thailand’s central bank raised its key interest rate for the first…

(0) Comments | August 10, 2022 1:51 pm

Revenue Generation as a Pathway to Sri Lanka’s Economic Recovery

Interactive Dialogue on “Revenue Generation as a Pathway to Sri Lanka’s Economic Recovery” held with the participation of Members of Parliament An Interactive Dialogue on “Revenue Generation as a Pathway to Sri Lanka’s Economic Recovery” was held yesterday (09) at the Parliament Complex with the participation of Members of Parliament. Mr. Marcos Neto, Director of…

(0) Comments | August 10, 2022 1:40 pm

Bangladesh minister warns against China’s BRI lending, cites Sri Lanka’s example

Bangladesh’s finance minister AHM Mustafa Kamal also said Sri Lanka’s crisis highlighted that China had not been rigorous enough in deciding which projects to support. Hindustan Times – Bangladesh’s finance minister AHM Mustafa Kamal has warned that developing countries must think twice about taking more loans through China’s Belt and Road Initiative as global (BRI) inflation…

(0) Comments | August 10, 2022 12:28 pm

Dialog Impacted by Further Forex Losses in Q2, Accumulated NPAT in 1H Negative Rs28.3Bn

Forex losses continue to impact profitability as LKR depreciated against USD by 80% and 23% during 1H 2022 and Q2 2022 respectively Forex normalized NPAT at 0Bn for 1H 2022 and Rs1.6Bn for Q2 2022 Total Taxes Paid to GoSL 9Bn for 1H 2022 which included Rs9.2Bn in Direct and Rs7.7Bn in Indirect Taxes; The…

(0) Comments | August 10, 2022 11:16 am

Sri Lanka organizes its first ever ‘Murugan Trail’ tour from South India

A familiarization program for South Indian media groups to promote ‘The Murugan Trail’ in Sri Lanka,  has been organized by Sri Lanka Deputy High Commission in Chennai in collaboration with the Sri Lanka Tourism Promotion Bureau, from 03 to 11 August 2022. The objective of this program is to promote the Katharagama Esala Festival, which…

(0) Comments | August 10, 2022 11:15 am

DFCC Bank records moderate performance amidst extremely volatile economic and political environment

Amidst a turbulent economic environment, and significant disruption to the economy, as a result of Sri Lanka’s multiple crises of economy, energy and foreign exchange, DFCC Bank has continued to deliver value to all stakeholders. The Bank has recorded a moderate performance for the 1st half of the year, ended 30th June 2022, battling against…

(0) Comments | August 9, 2022 3:36 pm
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Analysis

Chinese Assistance is Opulent but Opaque! By Prof. Samitha Hettige 

Washington based International Monetary Fund (IMF) recently stated that Sri Lanka should immediately talk with the Peoples Republic of China to get relief through debt restructuring to come out of the crisis at this very moment. These views came when SL approached the US based lending agency established after WWII to finance countries in need….

(0) Comments | August 8, 2022 4:54 pm

South Asia Debt Woes Evoke Fears of Another 1997-Style Crisis

Back then, Thailand’s devaluation led to a global market collapse. A sequel might be in the works. Bloomberg – Pakistan is scrambling for a bailout to avert a debt default as its currency plummets. Bangladesh has sought a preemptive loan from the International Monetary Fund. Sri Lanka has defaulted on its sovereign debt and its government has collapsed. Even India…

(0) Comments | August 4, 2022 3:03 pm

Business Sentiment – Nation and Index in Freeze Mode

There’s a glimmer of hope for recuperation as the one of a kind index maintains its traction Time to dig deep for that island sense of joie de vivre and look for those silver linings… And despite the pessimistic economic forecast for the next 12 months, and the less than delightful long and short-term business…

(0) Comments | August 1, 2022 2:20 pm
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ICRA Lanka Limited upgrades Asia Asset Finance PLC credit rating to an impressive [SL]A- amidst pandemic conditions

23rd January 2022, Colombo: Asia Asset Finance (AAF) PLC’s issuer rating was upgraded by ICRA Lanka Limited to [SL]A- from [SL]BBB+, an important benchmark of credit quality for partners and customers. AAF is a 73% owned subsidiary of Muthoot Finance Limited (MFL), which is the largest Gold Loan Finance Company in India and the global…

(0) Comments | January 24, 2022 11:52 am

TISL launches Apesalli.lk on International Anti-Corruption Day 2021

TISL launches Apesalli.lk on International Anti-Corruption Day 2021 The landscape of corruption the world over has changed drastically due to the Covid-19 pandemic in the past two years, increasing opportunities for corruption while deepening the adverse impact of corruption upon the people. Here in Sri Lanka, there have been numerous scandals and corruption allegations that…

(0) Comments | December 14, 2021 11:56 am

Oxford College of Business Win Hallbars Sustainability Award 2021

Movies have Oscars, Sustainability now has Hallbars ! Oxford College of Business has been awarded the sustainability ‘Oscar’ at the Hallbars Sustainability Reports Awards held at the Alfred Nobel House in Karlskoga, Sweden on October 21, the birthday of inventor and founder of the Nobel Prizes, Alfred Nobel. Due to Covid-19 attendance restrictions, Oxford College…

(0) Comments | October 26, 2021 12:12 pm
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