Exploring tax impact of IMF’s second review under Extended Fund Facility

The International Monetary Fund (IMF) Executive Board recently concluded the 2024 Article IV Consultation with Sri Lanka and completed the second review under the Extended Fund Facility (EFF) programme. Under Article IV of its Articles of Agreement, the IMF holds bilateral discussions with the members, usually every year.

Great Place To Work introduces Four Equities framework

Great Place To Work has introduced the Four Equities framework to guide and support organisations in fostering diversity, equity, inclusion and belonging (DEIB).

Moratuwa University team 2nd at Huawei ICT Competition

The Sri Lankan team from the Moratuwa University has made history by securing the second prize in the Practice Competition – Cloud Track 1, at the Huawei ICT Competition 2023–2024 Global Finals.

Flinders University VC visits Port City Colombo

Flinders University Vice Chancellor Professor Colin J. Stirling recently visited Port City Colombo as part of the ongoing discussions regarding the educational investment opportunities available within this visionary master-planned city development.

SL yet to bridge digital divide

The percentage of the computer literate population in Sri Lanka has been gradually increasing over the recent years. However, the digital divide still exists. A survey conducte

Hemas-Hatch Slingshot Accelerator second iteration to propel Sri Lankan start-ups

Hemas, in collaboration with Hatch, announced the second iteration of the Hemas x Hatch Slingshot programme. Following on from the success of this Accelerator Programme in 2023, where Hemas supported 25 start-ups and accelerated eight sta

BoardPAC with Johannesburg Stock Exchange elevates board governance standards

BoardPAC, the leading provider of board governance solutions, is to rekindle discussions with the Johannesburg Stock Exchange (JSE), marking a significant stride toward enhancing board governance standards in South Africa. This renewed e

MAS-Ambercycle partner on circular polyester offtake agreement

MAS Holdings, a global apparel manufacturing and tech conglomerate headquartered in Sri Lanka, has joined forces with Los Angele

Sri Lankan business leader Gowri Rajan to speak at the Rotary Foundation Donor Summit in Singapore

The sought after Rotary event globally is the annual convention where networking and learning comes together.

Tourism industry mourns loss of Prema Cooray

Sri Lanka’s tourism sector is grieving the loss of a stalwart this week, as industry veteran Prema Cooray passed away.

Vanithabhimana 2023 celebrates remarkable achievements of women

NDB Bank, in collaboration with Sirasa News 1st, marked the grand finale of the prestigious Sri Lanka Vanithabhimana Awards, a celebration of the remarkable achievements of Sri Lankan women for the fourth consecutive

Would halting parate execution be a relief to construction industry?

Since 2019, the construction industry has gone through a very difficult and destructive journey, declining from a 21 percent growth rate to almost completely cutting down our contribution to gross domestic product (GDP). During this time, d

OUSL’s Enospire 24 to nurture entrepreneurs

The Open University of Sri Lanka (OUSL)’s Enospire 24, a programme embodying entrepreneurship, innovation and inspiration, is for aspiring entrepreneurs. Organised by

IIHS-DFCC Bank partner for educational loans

The International Institute of Health Sciences (IIHS), the country’s leading institute for health education, recently announced a landmark partnership with DFCC Bank, through which the IIHS students will be provided with loans at attractive rate

Study UK Alumni Awards announces winners

The winners of Study UK Alumni Awards 2023-24 in Sri Lanka were announced at a ceremony, hosted by the British Council in C

Atlas empowers schoolchildren to conquer their dreams

Inspiring education for over 60 years, Atlas has been a cherished foundation in turning students’ dreams into vibrant realities by infusing joy into their learning experiences. Atlas has gone beyo

International Women’s Day 2024: Inspiring inclusion

In the never ending search for prosperous economies and a thriving planet, achieving gender equality and women’s wellbeing in every sphere of life are paramount.  Yet, a major challenge looms: a projected US $ 360 billion annual deficit in gender equality efforts by 2030. Shedding light on this issue is the International Women’s Day (IWD), with the 2024 campaign theme being ‘Inspire Inclusion’. The overarching theme is ‘Invest in women: Accelerat

ComBank stays on growth trajectory in 2023 with notable 4Q performance

In a statement highlighting its performance, Commercial Bank of Ceylon Group Chairman Prof. Ananda Jayawardane emphasised the institution’s commitment to maintaining balance sheet strength and its position as a key pla

Allianz gets new CEO and Country Manager

Allianz Insurance Lanka Ltd has appointed Prashant Grover as Chief Executive Officer, effective February 1, 2024. He will al

CIPM and KDU enter into MoU

CIPM Sri Lanka, the nation’s leader in human resource management, recently entered into a memorandum of understanding (MoU) with the General Sir John Kotelawala Defence University (KDU), to expand educational opportunities and exp

Chemistry Institute Open Day on February 24

The Institute of Chemistry Ceylon (IChemC), a professional body for the general advancement and practice of chemistry in Sri Lanka and a government-approved degree awarding institute, will hold its Open Day on Saturday, February 24, at

Overseas Realty appoints Shamil Mendis as Independent Director

Overseas Realty Ceylon PLC announced the appointment of Shamil Mendis as an Independent Director to its board of directors. In complianc

NDB Bank renews alliance with AICPA & CIMA

NDB Bank extended its impactful partnership with the Association of International Certified Professional Accountants (AICPA & CIMA) through the AICPA& CIMA Corporate Partner Programme for the year 2024. This continued collaboration underscores NDB’s ongoing commitment to empowerment, innovation and the cultivation

IIHS-Coventry University offer master’s in healthcare

The International Institute of Health Sciences (IIHS), a pioneer in the healthcare industry for more than 22 years, has launched South Asia’s first MSc Nursing, MSc Digital Health and MBA in Healthcare Administration programmes in coll

IMF chief tells Arab region to focus on improving fiscal space

As the world continues to grapple with economic challenges, geopolitical tension, and war, the IMF urged the Arab region to plant....

Revitalising Sri Lanka: Transformative changes in food labelling for health and wellness

To propel Sri Lanka towards a healthier future, ensure sustainable food practices and foster mindful eating habits for the wellbeing of generations to come, a transformative shift in our approach to food labelling is imperative. An impactf

Abans’ ‘Tiken Tika Pay’ scheme to provide relief for customers in challenging times

In the midst of economic uncertainties and challenging times, Abans, a renowned leader in home appliances, electronics, s

The Body Shop Sri Lanka launches Vitamin E skincare range

Original British-born, ethical beauty and personal care brand, The Body Shop, unveiled an all-new vegan Vitamin E range at an event at The Body Shop store on Bagatalle Road, Colombo. The Body Shop’s

Sanasa Life Insurance named as a Great Place to Work-certified company

Great Place to Work Certification is a Gold standard that can be earned by continuously working towards recognising and en

SLASSCOM to host People Summit 2024

SLASSCOM’s People Summit 2024, bringing together industry leaders and HR professionals for a day of exclusive insights, collaboration and strategic planning, will serve as a pivotal resource for HR professionals to navigate the complexities of talent ma