Lead Story
The Swedish government focused on developing renewable energy sector of Sri Lanka while increasing educational opportunities and mitigating the visa difficulties for Sri Lankan students in Sweden. These opinions were expressed in a discussion held between the Prime Minister Dr.Harini Amarasuriya and the Swedish Ambassador to Sri Lanka Mr. Jan Thesleff at the Prime Minister’s…
Featured
Cancer has become a significant health problem in today’s world. Currently, more than 30,000 new cases are reported annually in Sri Lanka, worsening the situation. This rapidly growing cancer has become a source of financial and mental stress not only for the patients but also for their family members. We can see many cases where…
Richwin Plaza Private Limited and Richwin Investment and Credit Private Limited, part of the same business group, received top awards for their contributions in their respective fields at the Iconic Awards 2024. Richwin Plaza was honoured as The Best Mobile Phone Seller of the Year, while Richwin Investment and Credit took home the award for…
Emojot, a global leader in artificial intelligence (AI)-powered customer experience management, has announced a strategic leadership restructuring alongside securing a strategic investment from the United States (US). Both of these initiatives are aimed at accelerating the company’s growth and innovation. Accordingly, Dr. Shahani Markus, a seasoned entrepreneur and technology executive, will assume the role of…
Andy de Silva Receives Prestigious World’s Leading Sustainability Leader of Tomorrow 2024 Award Hotel Emporium, the leading direct manufacturer of premium hotel amenities is proud to announce that its Co-Founder and CEO, Andy de Silva has been honoured with the prestigious ‘World’s Leading Sustainability Leader of Tomorrow 2024’ award at the inaugural World Sustainable Travel…
Standard Chartered Priority, Sri Lanka has collaborated with Durdans Hospitals, a trusted name in Sri Lankan healthcare for over seven decades, to provide Standard Chartered Priority customers an enhanced and rewarding healthcare experience via the Durdans Priority Circle, an exclusive healthcare proposition. The Durdans Priority Circle was established with the goal of providing premium, tailored…
The 1st of October celebrates World Children’s Day and Sanasa Life Insurance embarked on yet another initiative. The planting of tree saplings in 100 schools around the country. This initiative was termed as Senehase Haritha Poronduwa (The green promise of affection). Children are our future, enriching them with the correct ideals that show the importance…
Siyapatha Finance PLC was honoured as the “Best Employer Brand” at the recently concluded Sri Lanka Best Employer Brand Awards 2024. Organized by the Employer Branding Institute,India, along with the World HRD Congress and Stars of the Industry Awards Group, the awards recognize and reward Sri Lankan brands that excel in Human Resources and its…
First Capital Holdings PLC has been recognized for its outstanding commitment to employee development, winning the coveted Gold award at the SLITAD People Development Awards 2023/24. The award, presented by the Sri Lanka Institute of Training and Development (SLITAD), celebrates organizations that prioritize holistic HRD initiatives and align themselves with global best practices. First Capital’s…
The Adani Group and Google announced a collaboration that will advance the companies’ collective sustainability goals and add more clean energy to India’s grid. Through this partnership Adani will supply clean energy from a new solar-wind hybrid project located in the world’s largest renewable energy plant at Khavda, Gujarat. This new project is expected to…
Talawakelle Tea Estates PLC (TTE PLC), a Hayleys Plantations company, played a prominent role in advancing sustainability at the UN Global Compact’s flagship event: Forward Faster Now – Asia & Oceania. TTE PLC was among a select few companies invited to showcase their significant contributions to the global sustainability agenda and help inspire other corporates…
Top News
The Hambantota International Port (HIP) has marked a 40 percent increase in RORO vehicles handled between the 2nd and 3rd quarters of 2024. From 125,526 units handled in the 2nd quarter the port went up to 175,583 RORO units handled as at the end of September. A contributing factor to this is the increase in…
Sunshine Healthcare Lanka Limited (SHL), the healthcare arm of diversified conglomerate Sunshine Holdings PLC (CSE: SUN), announced the successful conclusion of the approximately LKR 3,270 million equity investment from the International Finance Corporation (IFC), a member of the World Bank Group. This landmark investment strengthens SHL’s vision to expand healthcare accessibility and bolster innovation across…
Pledges Continued Support for Sri Lanka’s Economic Development The Country Director of the Asian Development Bank (ADB) Resident Mission in Sri Lanka, Takafumi Kadono, along with a delegation, met with President Anura Kumara Dissanayake today (07) at the Presidential Secretariat. The discussions focused on ADB’s ongoing commitment to support Sri Lanka’s economic and social development….
The World Bank and the Government of Sri Lanka today (07) signed the Second Resilience, Stability, and Economic Turnaround (RESET) Development Policy Operation (DPO) for $200 million. This is the second operation in a two-part series that began in 2022. The first operation, totaling $500 million, was disbursed in June and December 2023. The Second RESET DPO aims to…
The Ceylon Chamber of Commerce commends the Government of Sri Lanka on the successful completion of consultations with the Official Creditor Committee (OCC) and the International Monetary Fund (IMF) regarding the Agreement in Principle (AIP) reached with international and local holders of International Sovereign Bonds (ISBs). This marks significant progress towards achieving external debt restructuring…
President Anura Kumara Dissanayake engaged in a discussion with the International Monetary Fund (IMF) at the Presidential Secretariat today (04), marking the second day of talks with the President. Director of the IMF’s Asia Pacific Department Krishna Srinivasan, Senior Mission Chief Dr. Peter Breuer, along with other senior IMF representatives and the Sri Lankan delegation…
LTL Holdings Limited has announced that its Initial Public Offering (IPO) will be postponed following instructions from the Securities and Exchange Commission of Sri Lanka (SEC). The decision comes after a directive from the Colombo Stock Exchange (CSE) to publish an addendum to the IPO prospectus dated August 29, 2024. The SEC, by a letter…
The ‘Q+’ Payment App powered by the Commercial Bank of Ceylon can now be used by customers of other banks as well, following its integration with the ‘JustPay’ platform of LankaPay – the operator of Sri Lanka’s national payment network. Announcing the integration, Commercial Bank said customers from any domestic bank that supports the JustPay…
Analysis
Export Performance in August 2024 As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in August 2024 amounted to US$ 1,165.4 million, recorded an increase of 4.18 % compared to the month of August 2023. This was mainly due to the increase in earnings from export of Apparel &…
The Communist Party of China (CPC) formed the Peoples Republic of China (PRC) on 1st October 1949 & PRC thus celebrates its 75th anniversary on 1st October 2024. Communist Party lead government built world’s 2nd largest economy while delivering domestic demands to a population which is approx 1/5 of global population. This is a good…
Business confidence turned around ahead of an election fraught with uncertainty With a new presidential term taking effect for the next five years, Sri Lanka stands at a pivotal moment, eagerly anticipating the developments and decisions that will shape its future. The business community in particular will be closely watching the unfolding events as the…
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