SLID launches first Survey Report on Board IT Governance

The first Sri Lanka Survey Report on Board IT Governance- 2022 was launched by the Sri Lanka Institute of Directors (SLID) to an audience of over 100 top corporate Board Directors at an event held at the Cinnamon Lakeside Hotel in Colombo last week.

Key Takeaways from the Survey Report

IT Governance is less effective than overall Board governance in Sri Lankan corporates.

CEAT first tyre producer in SL to be IATF 16949 certified

Three manufacturing plants of CEAT Kelani Holdings have been awarded IATF 16949 that verifies that their products meet exceptionally high quality standards and supply chain efficiency, making CEAT Sri Lanka the first tyre manufacturing group in the country to qualify for this international certification.

CMTA Chairman invited to address Auto Trade Dialogue in Delhi

The Society of Indian Automobile Manufacturers (SIAM) organized the Auto Expo – The Motor Show, which is one of the major auto shows of the global auto industry, from 12th to 18th January at India Expo Mart, Greater Noida, Delhi NCR, India. The 10th Auto Trade Dialogue was also held on 14th January at the Auto Expo venue.

McLarens Lubricants recognizes best-performing dealers at Awards Night

McLarens Lubricants Ltd, a subsidiary of McLarens Group and the authorized distributor for Mobil Lubricants in Sri Lanka, recently held its annual dealer awards night to reward the best-performing dealers from around 3,000 registered retail partners.

ICC’s Durra receives three star eco label for sustainable manufacturing

ICC Durra has remained a silent contributor to bringing down the carbon footprint of Sri Lanka for well over a decade through its innovative product range exclusively made from paddy straw which is mostly treated as waste material.

Sierra begins new year with initiatives to achieve net carbon zero status by 2025

Sierra Construction Limited, a construction sector leader in Sri Lanka, commenced 2023 on a green note, launching a series of eco-friendly initiatives that has enabled the company to achieve a reduction of Greenhouse gas emissions by 6,270 Kgs of Carbon Dioxide equivalent (CO2e) in January alone.

Prime Group hands over 63 housing units at ‘Prime Evoke’ in Kadawatha

Keeping to its promises, Prime Group recently completed the handover of 63 housing units at Prime Evoke in Kadawatha. This was Prime’s 6th handover for the year 2022.

BEYOND BANKING : PAN ASIA BANK INSTALLS LIBRARY FOR CENTURY-OLD RATMALE TISSA MAHA VIDYALAYA IN ANURADHAPURA DISTRICT

Dedicated to preserving Sri Lankan heritage, Sri Lanka’s Truly Sri Lankan Bank, Pan Asia Bank recently implemented its ‘100 Trees for 100 years’ project to assist the Ratmale Tissa Maha Vidyalaya – Srawasthipura in Anuradhapura district, to commemorate its centenary.

Review of Dr. W.A. Wijewardena’s book ‘A Child’s Guide to Ranilnomics, Cryptos and Currency Boards’

Dr. W.A. Wijewardena (author), a former Deputy Governor of the Central Bank and presently an independent economic analyst,

Upholding spirit of privatisation essential to unlocking true potential of RPCs

Despite the remarkable resilience of our people, industries and enterprises, Sri Lanka’s economic outlook in 2023 – along with approximately one-third of all countries according to the IMF – appears bleak.

SL’s costly construction sector may potentially deter national economic progress

Globally, the housing development industry has proven to play an integral role in uplifting and bolstering the economic development of a nation.

ICC launches ‘The Residencies – Kotte’

Amidst the economic downturn, International Construction Consortium (Pvt) Ltd takes the lead in introducing the latest residential apartment project.

Dialog Conducts South Asia’s First Successful mmWave 5G Trial

Dialog Axiata Group, the first telecommunications service provider in the South Asian region to demonstrate 5G capabilities in 2018,

Dialog to Shut Down its 3G Network to Give More Spectrum Capacity to Expand 4G Broadband

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, has announced plans to shut down its 3G data network in 2023 to free up spectrum and increase the capacity of its 4G Broadband network

Dialog Axiata Hosts Tech Workshop toEmpower a Future-ready Generation

Committed to providing equal access to learning for all the children of our nation, Dialog Axiata PLC, Sri Lanka’s premier connectivity provider recently hosted a ‘Tech Workshop for Kids’ with Magicbit, an easy-to-use STEM (Science, Technology, Engineering, and Mathematics) education platform at the Dialog Experience Centre in Kandy.

Dialog and Nonvoice Launch Sri Lanka’s 1st 5G-ready Gaming & Edutainment Metaverse

Dialog Axiata PLC, in partnership with Nonvoice LLC, announced the launch of Sri Lanka’s first 5G-ready Gaming & Edutainment Metaverse powered by Augmented Reality (AR) and Virtual Reality (VR), delivering a truly immersive experience in gaming, education and more to Sri Lankans.

Mindset Change and Ethics: The Themes at the 5th Graduation Ceremony of ICMA

Two hundred and fifty top corporate executives, entrepreneurs and business leaders were bestowed with a world-class finance qualification from the Institute of Certified Management Accountants

Iconic Galaxy starts handover of apartments to clients

Iconic Galaxy recently started handing over its luxury apartments to customers following the project completion in October 2022.

Dulux Wood Guard Painter promo winners rewarded with valuable prizes

Dulux, one of Sri Lanka’s most popular decorative paints and performance coatings brand, announced the conclusion of its inaugural Painter Promo 2021/22 contest with the awarding of three grand prizes and a host of other special prizes to winning painters.

IJVR Associates wins SAPS award for best valuation company

IJVR Associates, one of Sri Lanka’s leading valuation and real estate consultancy companies, recently won the award for the best valuation company of the year at the South Asian Business Excellence (SABE) 2022 awards ceremony organised by the South Asian Partnership Summit (SAPS).

Avani Bentota Resort receives ISO 22000:2018 certification by SGS

Avani Bentota Resort recently received the ISO 22000:2018 certification from SGS for the preparation and serving of food and beverage.

Mandarina Colombo’s On The Eleventh brings world-class cuisine from executive chef

Mandarina Colombo is geared to offer guests a unique hotel stay experience when it comes to both business and leisure.

Aitken Spence Hotels celebrates Spirit of Christmas this season

Premier hospitality chain, Aitken Spence Hotels, celebrates this festive season bringing into life, the nostalgia and warmth of the season with ‘Spirit of Christmas’ as its theme, sharing an exciting line up of events and activities for its discerning guests.

Hela Apparel Holdings records strong performance in 2Q

Hela Apparel Holdings PLC recorded a resilient performance in the second quarter of FY 2022/23, with revenue of Rs.28.2 billion, representing an 88.5 percent increase compared to the same period of the previous year.

Link Natural boosts Race The Pearl cyclists

Link Natural Products stepped forward as Event Partner to power the participants of the Race The Pearl 24-hour bicycle race, as the fifth edition of the endurance event came to a successful close recently.

SLID appoints Rizan Jiffrey as new CEO

The Sri Lanka Institute of Directors (SLID) has appointed Rizan Jiffrey as its CEO, with effect from November 15, 2022.

Diruni Chanmugam appointed as WISTA Sri Lanka President

The Women’s International Shipping and Trading Association (WISTA Sri Lanka) eighth AGM was held recently at Cinnamon Grand, followed by cocktails.

Indian High Commissioner visits ITC One Colombo

The US $ 400 million+ ITC One Colombo project recently welcomed High Commissioner of India to Sri Lanka Gopal Baglay at ITC’s iconic project at the Galle Face known as ITC One Colombo.

Rebranded VGR and Troon Int’l to take centre stage as contemporary golf destination

John Keells Properties recently rebranded Victoria Golf Resort and Country Resort to Victoria Golf Resort Sri Lanka (VGR), Digana.