RBS Cement Panels secures Gold at CI0B Green Awards 2024

RBS Cement Panels, a pioneering innovation by Rhino Roofing Products Limited, has been distinguished with the esteemed Gold award at CIOB Green Awards 2024.

SLASSCOM launches SheExports initiative with Export Development Board

Sri Lanka Association of Software and Services Companies (SLASSCOM) recently celebrated the launch of ‘SheExports’ initiated by the SLASSCOM Women Technopreneurs Forum in collaboration with the Sri Lanka Export Development Board (EDB).

AIA delivers excellent results in 1H 2024

The board of AIA Group Limited announced the group’s financial results for the six months ended June 30, 2024. Growth rates are shown on a constant exchange rate basis:

Union Assurance with SLIM to enhance professional growth of advisers

Union Assurance, Sri Lanka’s leading life insurer, has partnered with the Sri Lanka Institute of Marketing (SLIM) to offer exclusive career development programmes for its top advisers.

Ransomware groups weaponise stolen data to increase pressure on targets who refuse to pay: Sophos

Sophos, a global leader of innovative security solutions for defeating cyberattacks, released a new dark web report, ‘Turning the Screws: The Pressure Tactics of Ransomware Gangs’, which details how cybercriminals are weaponising stolen data to increase pressure on targets who refuse to pay.

Suren Cooke Agencies triumphs at FAOPMA Conference

Suren Cooke Agencies (Pvt.) Ltd, a leading pest management company in Sri Lanka, has achieved an outstanding milestone by winning two prestigious awards at FAOPMA Conference 2024, held in Mumbai, India.

CFA Society-Jaffna University to host Undergraduate Research Symposium

CFA Society Sri Lanka (CFASSL), in collaboration with the Financial Management Department at the Management Studies and Commerce Faculty, University of Jaffna, announced the Undergraduate Research Symposium (URS) 2024.

July apparel export earnings up 3.3% YoY

Sri Lanka’s apparel sector performance expanded in the month of July from the corresponding period of the previous year, indicating an improvement in the order books.

UK overtakes Russia to become 2nd largest source market in cumulative tourist arrivals

The United Kingdom (UK) has overtaken Russia as the second largest source market for the first time this year, in cumulative tourist arrivals as of August 22, recording 125,103 arrivals.

United Petroleum targets 350-400mn litres of fuel sales in SL

Australia’s United Petroleum, the latest entry into Sri Lanka’s retail fuel market, targets to supply the Sri Lankan market with 350-400 million litres.

Amãna Bank bags Best Islamic Bank in South Asia title

Amãna Bank has bagged the Best Islamic Bank in South Asia 2024 title at Brands Review Magazine Awards 2024, affirming the bank’s leadership status amongst the regional peer banks while also demonstrating its success story of promoting non-interest-based financing in the region.

Uber fined £246mn for personal data transfer

The ride-hailing app Uber has been hit with a 290 million euros (£246 million; US $ 324 million) fine for transferring the personal data of European drivers to US servers in violation of the EU rules, the Dutch data protection regulator said yesterday.

Week commences in red

Indices closed in red as a result of price losses in counters such as Hatton National Bank, Commercial Bank and LOLC Holdings with the turnover crossing Rs 554 Mn. High net worth and institutional investor participation was noted in Hayleys and Melstacorp.

Mixed sentiment inverts secondary market

The secondary market displayed a mixed sentiment during the day amidst ultra-thin volumes and limited activity as investors yearned for further clarity on the market direction.

FASL appoints Prof. Arner, Suren Siva and Nicholas Drury as senior advisors

The University of Hong Kong The Kerry Holdings Professor in Law Professor Douglas Arner, UBS Group (UK) Managing Director Suren Siva, IBM Global Research Lead (formerly) Nicholas Drury were recently appointed as senior advisors to the Fintech Association of Sri Lanka (FASL).

Delta Spike receives top CyberSecurity award

Delta Spike was awarded the CyberSecurity Outreach Provider of the Year for its impactful contributions to CyberSecurity Malaysia’s (CSM) advancements in modern hyper-automated security operation use cases.

Unilever Cricket Team crowned Champions of Mercantile G Division Tournament

Unilever Sri Lanka emerged as the unbeaten champions of the Mercantile G Division Cricket Tournament, defeating Amazon Trading – English Tea Shop in anentertaining match played on 3rd August at the MCA Grounds.

Ceylinco Cancer Centre acquires latest Siemens CT Simulator

The Ceylinco Cancer Centre has acquired a state-of-the-art, AI-supported, CT Simulator from Siemens Healthcare GmbH of Germany, significantly enhancing the accuracy of the radiation therapy it offers, as well as the comfort of patients.

Korean Media Group contributes to promote Sri Lanka

Sri Lanka Tourism Promotion Bureau (SLTPB) in collaboration with the Sri Lankan Embassy in Seoul, South Korea,arranged a warm welcome for the JTBC Media Group, which is a popular Media group in South Korea, which caters to all Audiences and has a wide media coverage across the world.

iPay Sri Lanka surpasses Rs. 300 bn in transactions

iPay, Sri Lanka’s foremost mobile payment platform, has achieved an impressive milestone by processing transactions exceeding Rs. 300 billion.

SEC conducts crucial industry awareness session on AML/CFT

The Securities and Exchange Commission of Sri Lanka (SEC) conducted an Industry Awareness Session dedicated to Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT).

Westbury Residencies unveils model apartment

Westbury Residencies has taken a significant step forward in redefining the landscape of luxury living with the recent unveiling of its Model Apartment.

CSE signs MoU with South Eastern University

The Colombo Stock Exchange (CSE) and the South Eastern University of Sri Lanka (SEUSL) signed a Memorandum of Understanding (MoU) recentlyat the SEUSL in Oluvil to enhance financial literacy among undergraduates.

Scanwell unveils futuristic expansion strategy in Customs brokerage

With over 30 years of experience in Customs brokerage, Scanwell is now poised to expand its services beyond traditional customs activities such as special equipment transport, unloading & consultation and in enhancing their service offerings and broadening its market reach by reinforcing the core operations in port, customs, and BOI activities, while also securing key certifications from accredited organizations.

SBS.com Office Solutions wins top award

SBS.com Office Solutions Pvt. Ltd. has been honoured with the Award for the Best and Quick Service Support Provider in IT and Telecommunications at Iconic Awards 2024.

SLT-Mobitel introduces 100% Anytime Data Plans with Data Rollover Feature

Reaffirming its commitment to adding values for customers, SLT-Mobitel announced the launch of its all-new 100 percent Anytime Data Plans, with the added benefit of Data Rollover feature.

Realtor Lanka Properties partners with CBC Finance

In a move poised to facilitate seamless property solutions, Realtor Lanka Properties, a subsidiary ofaFairway Holdings, and CBC Finance Ltd, a fully owned subsidiary of Commercial Bank of Ceylon PLC, proudly announce the signing of a Memorandum of Understanding (MOU).

Browns Plantations voted ‘Most Popular Corporate’ at Best Web Awards

Browns Plantations recently added yet another accolade to its long line of local and international recognitions.

Korean media group highlights SL for reality show

The Sri Lanka Tourism Promotion Bureau (SLTPB), in partnership with the Sri Lankan Embassy in Seoul, welcomed an eight-member team from South Korea’s JTBC Media Group.

Times Education partners with Thai University in Industrial Tech

The College of Industrial Technology at KMUTNB and Times School of Higher Education sign MoU on academic cooperation, research, and student exchange.