Lead Story
State Minister of Investment Promotion Dilum Amunugama participated in the ‘Hannover Messe 2024’ in Hannover, Germany, from April 24-26, 2024. This was the first time that Sri Lanka had officially participated at the Hannover Messe, which is considered to be the world’s leading industrial trade fair. State Minister Amunugama’s visit to Hannover Messe focused on…
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Sri Lanka Insurance Life (SLICLL) – The Sales and Activation Teams organized an exclusive seasonal promotion in Nuwaraeliya, coinciding with the ‘Salalihini Wasanthaya’ festivities. Running from April 16th to April 21st, this special event featured a variety of engaging activities tailored for both children and adults, designed to engage them with the Sri Lanka Insurance…
The Lanka Coffee Association (LCA) is delighted to announce the highly anticipated 3rd Edition of the Sri Lanka Coffee Festival, in collaboration with Australia’s Market Development Facility (MDF) and Jetwing Hotels. This announcement was made during a press conference convened by the LCA to unveil the exciting details of this year’s festival. Kushan Samararatne, Chairperson…
The Annual General Meeting (AGM) of shareholders of DFCC Bank PLC was held on March 28 2024, at the Bank’s Head Office Auditorium. Shareholders convened to vote on significant matters of business pertinent to the forthcoming fiscal year. Concurrently, the event provided DFCC Bank with a platform to showcase its notable achievements throughout the financial…
The Sri Lanka Export Development Board (EDB) in collaboration with the Sri Lanka High Commission in Male, Maldives and Sri Lanka – Maldives Business Council (SLMBC) will be organizing a group of 19 exporters including 15 SME entrepreneurs to participate at “Hotel Asia Exhibition & International Culinary Challenge 2024”. It is the Maldives’ biggest and…
Farmers in Sri Lanka’s North Central Province were recently exposed to the functionalities of drones in the modernisation of agricultural practices, at an awareness programme organised by the Commercial Bank of Ceylon PLC in collaboration with Mahaweli Authority of Sri Lanka. More than 100 farmers in the Thambuttegama area in the Anuradhapura District as well…
Renowned Global Customer Experience Guru Ron Kaufman will lead an event in Sri Lanka on 6 June 2024 at Waters Edge, Battaramulla, on uplifting customer service and elevating organizational excellence amidst challenging contexts. Sri Lanka is emerging from its worst-ever economic crisis. Organizations now face a vastly different business landscape and must navigate changing customer…
The Kingsbury Hotel in Colombo was abuzz with excitement as Thakral Group, the authorized distributor of DJI in Sri Lanka, unveiled “The Future of Possible.” This exclusive event was a testament to the relentless pursuit of innovation and progress in the country. The event offered attendees an immersive experience into DJI’s latest offerings., spanning consumer…
Now onboard, Emirates is offering First and Business Class customers a new collection of exclusive Bulgari amenity kits for the summer season. With a gradual introduction on select routes and long-haul flights, the new range features colour palettes designed to reflect Emirates’ newly upgraded aircraft cabin interiors, alongside the latest best-selling fragrances from globally recognised luxury…
Samsung Sri Lanka proudly asserts its victory as the Category Winner in the esteemed “Home Electronics” category at the LMD Readers’ Most Loved Brands Awards 2024. This notable accomplishment marks yet another consecutive win for Samsung, firmly establishing its dominance in the industry with its state-of-the-art line of TVs, washing machines and refrigerators. This esteemed…
Elevating the user experience of Social Media enthusiasts across Sri Lanka, SLT-MOBITEL has introduced a first of its kind Snapchat Chill Social Combo Mobile Plan, specifically designed to empower the social media lovers to stay connected and share their moments by providing essential data and communication services. The Social Combo Mobile plan offers a range…
Top News
Politics and economics are concepts that are fundamentally intertwined. Yet the unprecedented economic crisis of 2022 highlighted the complex challenges of aligning short-term political goals with long-term economic strategies. While the sharp appreciation of the Sri Lankan rupee in recent months has been roundly welcomed by most sectors of society as a positive signal, this…
Concluding a two-day visit, IFC’s Vice President for Asia Pacific, Riccardo Puliti, signaled IFC’s commitment to supporting Sri Lanka’s ongoing reforms and growth agenda, while emphasizing the importance of private sector-led development for inclusive economic growth. The visit served as an opportunity for Puliti to engage with key stakeholders, including meeting the President of Sri…
VFS Global is a trusted partner to 67 client governments. It operates over 3,300 visa application centres in 151 countries and has processed over 285 million applications since its inception in 2001. Headquartered in Zurich and Dubai and backed by majority shareholder Blackstone, along with the Swissbased Kuoni and Hugentobler Foundation and EQT, VFS Global…
Sunshine Healthcare Lanka (SHL), the healthcare arm of the diversified conglomerate Sunshine Holdings PLC (CSE: SUN), has entered into an agreement for a proposed equity investment of up to LKR 3,270 million by the International Finance Corporation (IFC). Subject to satisfaction of conditions, IFC will own approximately 14.7% stake in SHL. IFC investment fortifies Sunshine’s…
NDB Bank proudly announces a groundbreaking leap in the realm of banking technology with the introduction of the country’s first wearable pay band, NDB WriztPay, in collaboration with VISA. This innovative offering redefines convenience and security in financial transactions, heralding a new era in Sri Lanka’s banking landscape. The NDB WriztPay Band, designed to seamlessly…
The Sri Lanka Ports Authority (SLPA) has reported a record 48 per cent year-on-year (YoY) rise in container volumes in the first quarter (Q1 2024). The total grew from 441,032 to 652,766 TEU. SLPA ascribed this spike to a number of issues, including the Red Sea crisis and its broader ramifications. SLPA’s transshipment throughput in the…
SriLankan Airlines Statement on Flight UL 503 SriLankan Airlines wishes to clarify an incident concerning Flight UL 503 to London which was diverted to Vienna international airport in Austria due to a medical emergency. We confirm that on 1 May 2024, Flight UL 503, bound for London with 272 passengers, was diverted to Vienna due…
The Consulate General of Sri Lanka in Mumbai organised a ten days long Sri Lankan Food festival from 19-28 April 2024 in collaboration with Courtyard by Marriott in Andheri, Mumbai. The Food Festival featured authentic Sri Lankan dishes prepared by Chef Chanaka Denuwan who was flown down to Mumbai from Marriott, Weligama Bay. The Food…
Analysis
Politics and economics are concepts that are fundamentally intertwined. Yet the unprecedented economic crisis of 2022 highlighted the complex challenges of aligning short-term political goals with long-term economic strategies. While the sharp appreciation of the Sri Lankan rupee in recent months has been roundly welcomed by most sectors of society as a positive signal, this…
Business confidence strengthens for a second month but the horizon remains overcast Sri Lanka faces a tight deadline to finalise agreements with creditors including bondholders to coincide with the anticipated disbursement of the third tranche of the IMF’s Extended Fund Facility (EFF). The next instalment of US$ 337 million is scheduled for June, following the…
Uma- Oya multipurpose project commenced paying back. Political sources note JVP leader AKD being a pioneer to propose development with waters of Uma Oya but when Mahinda walked the talk with the Iranians, those who only talk weren’t happy (ref media). Since SL wasn’t a democracy even under the British, implementing projects for the good…
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