eChannelling launches ePremium Membership and partners Bristol Institute

eChannelling has launched its ePremium Membership category and entered into a strategic partnership with the Bristol Institute, Colombo.

US$ 27 mn auto plant in Kuliyapitiya kicks off operations

Sri Lanka’s automotive sector witnessed a new expansion this week with the launch of a new automobile assembly plant in the town of Kuliyapitiya, located in the Kurunegala District, North Western Province.

Commemorative stamp honouring Dr. Victor Hettigoda launched

On September 13, 2024, Sri Lanka Post honoured the late Sahasrabhisheka Waidhyashuri Deshabandu Dr. Victor Hettigoda, the founder of the Hettigoda Group,

Emirates and Museum of the Future to host first-ever Aviation Future Week

Emirates and the Museum of the Future will host the first Aviation Future Week, taking place from 15-17 October 2024 in Dubai. UAE ministers, senior government officials, industry leaders from across the aviation and aerospace, airfreight, Maintenance, Overhaul & Repair (MRO) and logistics ecosystem, will converge in Dubai for the inaugural event.

BOI discusses strategic investments in key sectors to drive economic recovery

The Board of Investments of Sri Lanka hosted an investor roundtable titled “Supporting Sri Lanka’s Recovery Through Resource Commitment” at the Ministry of Investment Promotion recently. The event brought together prominentSri Lankan and Indian investors, industry leaders to explore strategic investment opportunities aimed at supporting Sri Lanka’s economic recovery.

Fems on quality journey towards empowering women

Hemas introduced Fems to the Feminine Hygiene Movement in Sri Lanka. It encourages women to have an independent lifestyle and offers quality products and education related to female health and hygiene.

Court awards Supreme Plus Holdings 500% in costs for Idea Metals lawsuit

The Colombo District Court has awarded the defendant company 500 percent in costs from the plaintiff company after the defense convinced the court that the plaintiff’s action was vexatious, and the defendant company is entitled to the maximum costs under Section 211(2) of the amended Civil Procedure Code.

Oki Doki partners with CILT as Gold Sponsor for 2024-2025

Oki Doki, a digital transportation solutions provider with a global footprint, and a fully-owned subsidiary of Expolanka Holdings, has partnered with the Chartered Institute of Logistics and Transport Sri Lanka (CILT) as its Gold Sponsor for all events for the financial year 2024-2025.

Economic growth hits 4.7% in 2Q24

Sri Lanka’s economy is experiencing a ‘Goldilocks’ moment, with growth accelerating while inflation remaining subdued and the external sector strengthening. Robust inflows from exports, tourism, and remittances have bolstered the country’s economic recovery.

Sri Lanka must avoid election-driven economic populism: IPS

Sri Lanka must avoid making economically unsound promises ahead of upcoming elections, which could jeopardise long-term growth, the Institute of Policy Studies (IPS) warned.

Fresh boost for local female entrepreneurs with upcoming SheTrades Hub

Sri Lanka’s female entrepreneurs are set to receive a fresh boost with plans underway to establish a ‘SheTrades Hub’ in the island nation.

Sri Lanka’s tea production likely to hit rock bottom this year: PA

Sri Lanka’s tea production is expected to fall to its lowest levels in recent history this year, dropping well below the target of 300 million kilograms, according to the Planters’ Association of Ceylon (PA).

Ceylinco Life motivates future leaders with Rs.22mn in new ‘Pranama’ scholarships

A group of 152 young Sri Lankans recognised as high potential next-generation leaders of the country received valuable motivation in the form of ‘Pranama’ scholarships from Ceylinco Life recently, at the 23rd edition of this annual presentation.

Mahogany Masterpieces launches new designs for 50th anniversary

Mahogany Masterpieces, Sri Lanka’s leading manufacturer of handcrafted luxury furniture, is celebrating its 50th anniversary, showcasing its dedication to design and innovation.

Prime Residencies breaks ground for Seasons Colombo 8

Prime Lands Residencies PLC celebrated the groundbreaking of its latest ultra-luxury boutique development, The Seasons Colombo 8.

REM-Tongwei power new horizons in Sri Lanka and Maldives

Renewable Energy Maldives Lanka (Pvt.) Ltd (REM), establishing operations in the Maldives in 2007, moved forward with successful operations for 17 years and inaugurated an office for the Sri Lanka market in 2016 and has been growing year-on-year for the past seven years.

Wisdom Business Academy opens WTC premises

Wisdom Business Academy, an approved tuition provider for leading professional qualifications such as ACCA and CIMA, opened its new premises on the 13th floor of the World Trade Centre’s (WTC) West Tower recently. The opening ceremony was conducted with a multi-religious blessing ceremony and participated by the country director, all staff members and stakeholders, including delegates from ACCA and CIMA Sri Lanka, lecturers, students and parents

Home Lands offers ultra-luxury Waterdale Residencies property

Waterdale Residencies, announced by the Home Lands Group of Companies, is the latest ultra-luxury flagship residential project encircling Colombo 7. Accordingly, a US $ 61.56 million worth agreement came into effect between Home Lands Group and the Board of Investment of Sri Lanka (BOI) recently.

Brandix, Teejay, Fortude with InterBalance to implement ESG management framework

In a significant move towards enhancing sustainability, three of Sri Lanka’s leading companies—Brandix Apparel Ltd, Teejay Lanka PLC and Fortude (Pvt.) Ltd—have partnered with InterBalance, a pioneering consultancy in sustainability and enterprise risk management, to implement an environmental, social and governance (ESG) and sustainability management framework.

Exterminators records 352% increase in profit before tax

Exterminators PLC, Sri Lanka’s premier pest management and environmental technology company, has remarkably demonstrated financial resilience during FY24, achieving notable profitability despite the prevailing economic challenges.

Lakshman Abeysekera joins Kapruka Holdings as Independent Director

Kapruka Holdings PLC, Sri Lanka’s leading e-commerce platform, announced the appointment of Lakshman Abeysekera to its board of directors as an Independent Director.

FASL-AFTA collaborate Elevandi Insights Forum in Singapore

Elevandi, an independent organisation created by Monetary Authority of Singapore, organises the Elevandi Insights Forum from November 4 to 5 2024, at Marina Bay Sands Expo and Convention Centre.

Huawei Fusion recognises Solar Booze’s outstanding distribution partnership

Solar Booze (Pvt.) Limited, a leading name in Sri Lanka’s renewable energy sector, has been honoured by Huawei Fusion Solar for its exceptional collaboration as the authorised distribution partner for Huawei inverters in Sri Lanka.

MediaDefined honoured as Best Int’l Collaboration Company at C’wealth Biz Awards

MediaDefined (Pvt.) Ltd, a prominent leader in Sri Lanka’s ICT solutions industry, has been awarded the prestigious title of Best International Collaboration Company/Project of the Year 2024, in learning and development for the second consecutive time, at the Commonwealth Business Excellence Awards.

Jungle Kitchen, with roots in SL, recognised by Singapore Council of Women’s Organisations

Singapore-based Jungle Kitchen, which operates a women-led facility in Sri Lanka, was recognised as an advocate for the 2024 Summit for Action on Gender Equality (SAGE 2024) by the Singapore Council of Women’s Organisations (SCWO).

Cordelia cruises to begin 2025 season at HIP in June

Cordelia Cruise Lines completed its second season of calls at the Hambantota International Port (HIP) in September 2024.

MillenniumIT ESP supports NBFCs achieve tech risk compliance

MillenniumIT ESP is proactively supporting Sri Lanka’s non-banking financial companies (NBFCs) in achieving compliance with technology-related regulations issued by the Central Bank of Sri Lanka.

SLASSCOM presents Strategic Policy Framework to Presidential candidates

SLASSCOM, the national chamber for the Knowledge and Innovation (IT&BPM) industry in Sri Lanka, recently handed over its strategic policy document titled ‘Igniting Knowledge, Inspiring Growth’ to the country’s leading presidential candidates: President Ranil Wickremasinghe Sajith Premadasa (SJB), Anura Kumara Dissanayake (NPP), and the General Secretary and representatives of the Sri Lanka Podujana Peramuna (SLPP).

ComBank conducts ‘Agri Modernisation Fair’ in Vavuniya

The Commercial Bank of Ceylon recently brought together a coalition of some of the biggest names is Sri Lanka’s agriculture sector to conduct an ‘Agri Modernisation Fair’ for farmers in the Vavuniya area and introduce the latest technologies available to them and promote smart agriculture.

DBL partners with STC to bring top-quality tools to market

Deen Brothers Imports Pvt. Ltd., (DBL) announced a new partnership with the Sri Lanka State Trading Corporation (STC) recently.