ACCA and CMA Sri Lanka renew partnership to advance professional excellence

The Association of Chartered Certified Accountants (ACCA) and the Institute of Certified Management Accountants (CMA) of Sri Lanka recently renewed their Memorandum of Understanding (MOU).

Three Sinha Group wins at Entrepreneur Awards

Three Sinha Group of Companies became the Large-Scale Winner in the Manufacturing Sector at the Entrepreneur Awards 2024 for the Western Province.

DIMO strengthens regional growth with new Care Hub

DIMO recently opened its latest DIMO Care Hub located at Chilaw Road, Horagolla, Marawila, in Puttalam District, contributing to strengthen the North Western Province’s economy and improving community access to top-notch services and solutions.

Nimo & Company introduces new range of Godrej Interio chairs to market

Nimo & Company (Pvt) Ltd, suppliers of branded office seating, steel furniture, adjustable tables, adjustable beds and recliners has introduced a new range Godrej Interio chairs to the market, suitable for both home and institutional segments.

Higher taxes and economic growth drive SL’s budget surplus

Sri Lanka’s budget is getting into fine shape with substantially higher revenues made possible from higher taxes which are further supported by the robust recovery seen in the economy this year.

Sri Lanka’s freshly issued sovereign bonds start trading

A week after the conclusion of the exchange of International Sovereign Bonds (ISBs) for a collection of fresh set of bonds linked to its economic growth and governance, Sri Lanka has started trading in the secondary market this week, the data showed.

Digital payment system to replace cash in govt. institutions

Plans for a digital payment surge in the public sector are underway with the Ministry of Digital Economy recently announcing a new programme to digitise all payments made to government institutions.

November apparel exports tick up 1% YoY

Sri Lanka’s apparel exports grew by a marginal 1.03 percent Year-on-Year (YoY) to US$ 374.94 million in November 2024, supported by higher shipments to the United States and the United Kingdom, data compiled by Joint Apparel Association Forum (JAAF) showed.

Hambantota Port to leverage relay cargo for strategic expansion

Hambantota International Port (HIP) is expanding into the relay cargo market as part of a broader strategy to enhance its container operations and establish itself as a key hub in regional maritime trade, the port’s operator, Hambantota International Port Group (HIPG) said.

Govt. aims to build skilled workforce for local and global labour markets : PM

Prime Minister Harini Amarasuriya recently stated that a key objective of the government’s long-term development vision is to develop a skilled workforce capable of catering to the demands of both the local and global labour markets.

Ambeon Holdings increases stake in Seylan Bank

Diversified conglomerate Ambeon Holdings PLC, increased its stake in Seylan Bank PLC by 0.98 percent, bringing its total holding to 8.61 percent of the bank’s ordinary voting shares.

Prima spreads festive joy with new range

Embracing this festive season, Prima brought the joy of Christmas with a tantalising selection of new varieties, perfect for Christmas feasts.

Pegasus Reef organises Crimson Eve gala

Pegasus Reef is to conclude the festive season with Crimson Eve, a grand year-end celebration, on December 31, 2024.

Classic Travel wins Silver at SLIM Brand Excellence Awards

Classic Travel has been honoured with the Silver award for B2B Brand of the Year at the prestigious SLIM Brand Excellence Awards 2024.

Serendib Flour Mills celebrates 15+ years

Serendib Flour Mills (SFML) celebrated over 15 years of purposefully nourishing the nation with a gala event held recently at Taj Samudra Hotel.

Sun Siyam Pasikudah receives Travelife Gold Certification

Sun Siyam Pasikudah, located on Sri Lanka’s unspoiled eastern shores offering guests a unique blend of luxury and sustainability, has been awarded the prestigious Travelife Gold Certification, in recognition of its exemplary sustainability practices, including eco-conscious tourism and community empowerment.

Laugfs Gas bags Gold at TAGS Awards 2024

Laugfs Gas PLC has once again demonstrated its leadership and excellence in corporate reporting by clinching the prestigious Gold award in the Power and Energy Category at TAGS Awards 2024, organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka).

Westbury Residencies seeks ISO 9001 certification

Westbury Residencies is making strides to elevate its standards by seeking ISO 9001 certification.

OMED-mesoestetic elevate skincare in Sri Lanka

OMED Pharmaceuticals (Pvt.) Ltd, a leading distributor and exclusive agent for high-quality international skincare and aesthetic brands in Sri Lanka, together with mesoestetic, a global leader in the medical cosmetics and aesthetic medicine sector,

SLT-Mobitel triumphs with Gold at TAGS Awards 2024

SLT-Mobitel secured the prestigious Gold award in the telecommunications and technology sector at the prestigious TAGS Awards 2024, held recently at Shangri-La Hotel, Colombo.

Ranjan Lanka partners with Zero Technologies

Ranjan Lanka Private Limited has stepped into the air conditioning (AC) market with the introduction of the Zero brand ACs.

Triton Freight marks 5 years

Triton Freight marked its fifth year in operations with the vision of transforming the industry and taking it to the next level of innovation.

UFS inspires culinary professionals

Celebrating World Chefs Day 2024, Unilever Food Solutions (UFS), the food service business of Unilever Sri Lanka, recently held the event ‘Indulge in Future Menus’ that was held at Cinnamon Grand Colombo and hosted over 150 culinary professionals in the island.

Aitken Spence Travels wins 3 top 2024 Tourism Awards

Aitken Spence Travels walked away with the coveted title of Best Travel Agent Inbound – Large Category, Best Cruise Lines Operator and Best Professional MICE Organiser at the recently concluded Sri Lanka Tourism Awards 2024, organised by the Sri Lanka Tourism Development Authority.

LOLC insurance arm reports record-breaking performance in 3Q 2024

LOLC insurance arm continues to strengthen its position in Sri Lanka’s insurance industry, achieving impressive cumulative growth up to 3Q 2024.

SITREK Technologies holds Digital Evolution Seminar

The Digital Evolution Seminar, hosted by SITREK Technologies recently in Colombo, marked a significant milestone in fostering innovation and collaboration in the realms of artificial intelligence (AI), cybersecurity and digital optimisation.

JAAF-GTEX drive SL’s textile innovation and competitiveness

Sri Lanka took another significant step toward textile circularity with a four-day programme under the GTEX Phase II initiative, organised by the International Trade Centre (ITC) and funded by the Swiss State Secretariat for Economic Affairs.

Cinnamon Grand celebrates twin success at Tourism Awards 2024

Cinnamon Grand Colombo was awarded with the Best Five-Star Hotel in the city along with Nuga Gama as the Most Authentic Sri Lankan Cuisine Restaurant at Sri Lanka Tourism Awards 2024, held recently.

Sri Lanka’s tourist arrivals surpass 2 million in 2024

Sri Lanka has welcomed its 2 millionth tourist who arrived from Bangkok this year, at the Bandaranaike International Airport (BIA), after a five-year gap.

Auction yields slump for third consecutive week

Market participants in the secondary market exhibited mixed sentiment, pivoting from the dull sentiment yesterday observing thin trading volumes and limited market activity.