People’s Leasing & Finance continues support for Kandy Esala Perahera

People’s Leasing & Finance PLC continued its tradition of supporting cultural heritage by sponsoring the historic Kandy Esala Perahera. At a recent ceremony, Sanjeewa Bandaranayake, CEO of People’s Leasing & Finance PLC, along with COO Udesh Gunawardena,

Allianz Lanka Gold Sponsor of 1333 Bikeathon for 3rd year

Allianz Lanka continued its partnership with the CCC Foundation as a Gold sponsor of the 1333 Bikeathon for the 3rdconsecutive year. This annual event, which began on the 29thof August, brings cyclists from across Sri Lanka together on a 1,333-kilometre journey, through 13 cities, over 13 days.

WindForce donates Rooftop Solar System to Apeksha Hospital Temple

​In a meaningful contribution to the well-being of cancer patients and their families, WindForce has donated a 5kW rooftop solar system to the Apeksha Hospital Temple in Maharagama.

‘House of Sandwich’ fast food outlet opens in Colombo

Bite Bliss Delight Pvt Ltd announced the launch of its latest culinary venture, House of Sandwich | Colombo (HOSC), located at Station Road, Bambalpitiya for dine-in and takeaway.

Sun Siyam Pasikudah– A blend of sustainable luxury and community empowerment

Sun Siyam Pasikudah, nestled in the Eastern region of Sri Lanka, has recently undergone a transformative renovation highlighting its commitment to sustainable luxury.

Fragmented tour guides sector risks SL’s ability to cater to tourism targets: Study

Sri Lanka’s tourism industry is grappling with lower number of licensed tour guides, which could threaten the country’s ability to cater to the expected five million visitors by 2030.

Exporters caution against risky election promises

The National Chamber of Exporters of Sri Lanka (NCE), ahead of the country’s upcoming presidential election, urged candidates to avoid making unrealistic fiscal promises that could jeopardise the nation’s fragile economic recovery.

ComBank completes liquidation of money transfer subsidiary in Italy

The Commercial Bank of Ceylon yesterday announced the completion of the voluntary liquidation of Commex Sri Lanka S.R.L., a wholly-owned subsidiary of the company located in Italy.

Sri Lanka’s resurging retail sector well positioned for take-off: SLRA

Sri Lanka’s resurging retail sector which is undergoing a significant transformation is well positioned for a take-off supported by recent developments, according to Sri Lanka Retailers’ Association (SLRA).

Union Assurance records strong financial performance in 1H

Union Assurance showcased substantial growth and solid performance across key metrics in the first half of its financial year.

Turnover crosses Rs. 1 bn for 3rd consecutive day

Indices closed in red as a result of price losses in counters such as Dialog Axiata, Melstacorp and Hemas Holdings with the turnover crossing Rs. 1.4 bn.

Uncertainty prompts thin trading volumes

The secondary market yield curve remained broadly unchanged amidst limited activities and low trading volumes across the market.

ComBank announces special concessions on foreign university payments

Commercial Bank of Ceylon has announced a series of attractive concessions for students making payments to foreign universities in the next three months.

DIMO-NTB partner to expand CARPITAL Advisory Services

DIMO recently announced a strategic partnership with Nations Trust Bank (NTB), to further expand its tailored advisory service for pre-owned luxury vehicle buyers and sellers titled, CARPITAL by DIMO CERTIFIED. CARPITAL Advisory Services by DIMO CERTIFIED offers tailored consultations focused on expert advice, real market value assessment, peace of mind transactions and re-investment options for customers who wish to sell or buy a luxury pre-ow

Asia Pacific Retailers’ Convention and Exhibition 2024 kicks off

The anticipated Asia Pacific Retailers Conference and Exhibition (APRCE) 2024 began on September 4, at Shangri La Hotel, Colombo, with a riveting welcome ceremony bringing together top leaders and innovators in the retail industry.

Classic Travel triumphs at World Travel Awards

Classic Travel (Pvt.) Ltd has achieved a significant milestone by being named as the Best Travel Agency for Sri Lanka at the prestigious World Travel Awards ceremony held in Manila.

Dialog Announces Next Round of Finalists for Dialog Innovation Challenge Grand Finale to Air This Saturday

Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, has revealed the next four finalists in the Dialog Innovation Challenge Grand Finale. The programme aims to discover innovative digital solutions with the power to positively transform the lives of Sri Lankans, as well as businesses and communities across the nation. This latest update highlights Dialog’s ongoing commitment to supporting advancements that address critical local needs and dr

LOLC AT partners with Khalifa University

LOLC Advanced Technologies (LOLC AT), Australia, a subsidiary of LOLC Advanced Technologies (LOLC AT), Sri Lanka, has announced a strategic partnership with Khalifa University of Science and Technology in Abu Dhabi. This development builds on the memorandum of understanding signed in August 2023, which marked the official launch of the partnership between Khalifa University’s Research and Innovation Centre for Graphene and 2D Materials (RIC2D) a

Hemas-SLIIT to elevate allied health sciences education in Sri Lanka

Hemas Holdings PLC initiated a collaborative educational venture with the Sri Lanka Institute of Information Technology (SLIIT) to elevate the country’s healthcare education to international standards, by providing innovative nursing and allied healthcare education through the newly established entity, The SLIIT-HEMAS Allied Health Sciences Institute (SHAHSI).

Orel IT powers EDB-SLASSCOM SheExports programme

Orel IT recently conducted a comprehensive knowledge-sharing session as part of the ongoing SheExports programme, which is a long-term capacity-building initiative by the Export Development Board (EDB) and Sri Lanka Association for Software and Services Companies (SLASSCOM), aiming at preparing women tech entrepreneurs for the global market.

FTZMA-Calico-MAS Foundation for Change combat ocean plastic pollution

The Free Trade Zone Manufacturers Association (FTZMA) and Calico Color (Pvt.) Ltd have collaborated with the MAS Foundation for Change to address the issue of plastic pollution in the Nara Canal, one of the key water ways in the Negombo lagoon area.

Tokyo Cement wins Gold, Silver for sustainable leadership in construction

The Tokyo Cement group recently had the honour of reaffirming its sustainable leadership status in the construction industry by winning two prestigious awards at Annual Green and Sustainability Awards 2024.

NDB Bank unveils home ownership opportunities with Home Lands Group

NDB Bank joined hands with Home Lands Group to host an exclusive customer engagement event for its Privilege customers at Earl’s Regency Hotel in Kandy.

People’s Bank shines at Women Friendly Workplace Awards 2024

People’s Bank has been recognised yet again at the renowned Satynmag Women Friendly Workplace Awards 2024, marking a significant milestone in Sri Lanka’s continued journey towards gender equality in the workplace.

EDEX to kick off mid-year expo today

EDEX Education Expo, one of Sri Lanka’s oldest education expos, is to kick off its mid-year expo today. It is to be held till September 8, 2024, at the Bandaranaike International Memorial Hall (BMICH), in Colombo, marking 20 years since its inception in 2004.

JAAF criticises inconsistent policies amid political promises to boost exports

As all political manifestos, ahead of the elections, are filled with promises about boosting exports, the Joint Apparel Association Forum (JAAF), the apex body of Sri Lanka’s apparel sector, voiced sharp criticism regarding the inconsistency in translating these promises into action, warning that this long-standing issue has severely undermined Sri Lanka’s global competitiveness and investor confidence.

LTL plans to expand into power generation in Africa eyeing IPP opportunities

LTL Holdings Ltd is planning to expand into power generation in Africa, eyeing independent power producer (IPP) opportunities after setting up a US $ 2.2 million distribution transformer assembly plant in Tanzania.

Central Bank offers certificate course on macroeconomics for journalists

The Central Bank, in collaboration with the Centre for Banking Studies, has offered a specialised certificate course on macroeconomics for individuals interested in macroeconomic journalism.

Cartoon 05.09.2024

Digital Mobility Solutions Lanka announces IPO

Digital Mobility Solutions Lanka Limited, the innovator behind Sri Lanka’s leading mobility solutions app PickMe, announced its forthcoming initial public offering (IPO) on the Colombo Stock Exchange (CSE).