Prime Lands’ The Grand website shines at BestWeb.lk 2024

Prime Lands Residencies PLC, Sri Lanka’s leading luxury real estate company, has once again demonstrated excellence as a digital innovator clinching two prestigious awards for The Grand Ward Place www.thegrand.com.lk website at the 14th BestWeb.lk 2024 competition, organised by the LK Domain Registry, held recently.

Radisson Hotels SL to unveil Hyderabadi dinner buffet

Radisson Hotels Sri Lanka presents an exclusive culinary journey, ‘Nizam’s Feast – A Royal Hyderabadi Banquet’, bringing the authentic flavours of Hyderabad to Colombo, Galle and Kandy.

Solar PV projects need an OE, says EnerGulf

EnerGulf, a pioneering renewable energy and energy management consulting firm, emphasises the importance of involving an owner’s engineer (OE) in large-scale solar PV projects, highlighting that having a solar consultant is not just beneficial but essential to achieving the highest standards of success in solar energy investments.

TVS Lanka celebrates Eurogrip tyre dealer achievements

TVS Lanka (Pvt.) Ltd recently celebrated the outstanding achievements of TVS tyre and tube dealers at Eurogrip Tyres Dealer Gathering 2024.

India’s MIOT Int’l offers genicular artery embolization procedure

MIOT International, Chennai, India, a 1000 bedded multidisciplinary quaternary care hospital, has introduced its latest revolutionary procedure, genicular artery embolization, a minimally invasive, pinhole procedure that reduces knee inflammation and provides pain relief to patients with severe knee osteoarthritis.

SL Malaysia Business Council empowers women entrepreneurs

‘Women Entrepreneurship and Networking’ event in Colombo recently marked a significant milestone in the promotion and support of women entrepreneurs in both Malaysia and Sri Lanka.

Australia’s United Petroleum in operation from August 28

Australia’s United Petroleum Pvt. Ltd. is scheduled to commence their operations in Sri Lanka from August 28 under United Petroleum Lanka.

CBSL Governor receives A Grade in Global Finance report

Sri Lanka’s Central Bank Governor Dr. Nandalal Weerasinghe has been awarded an ’’A’’ grade in the Global Finance’s 2024 Central Banker Report Cards, an international recognition that honors central bank leaders whose exceptional strategy and leadership has outperformed their global peers.

National consumer prices tad higher in July to 2.5%

The consumer prices measured nationally were a tad higher in July, rising by 2.5 percent from the same month a year ago, picking slightly up from 2.4 percent through June, as the higher base effects last year were dissipating.

Sri Lanka’s presidential election could boost capital markets: FC

As Sri Lanka gears up for its presidential election in September, a capital market expert projected 85 percent likelihood of positive outcomes for the capital markets.

Maliban group announces Kumudika as new Chairperson

The Maliban group yesterday announced a significant leadership transition, with A.G. Kumudika Fernando being appointed as its new Chairperson, effective August 15, 2024.

Ceylon Electricity Board records Rs.34.35bn profit in 2Q24

State-run Ceylon Electricity Board (CEB) recorded a profit of Rs.34.35 billion for the quarter ended June 2024, which is a 24.4 percent increase from the corresponding period of the previous year.

PickMe plans Rs.1.6bn IPO on CSE

Sri Lanka’s top ride-hailing app PickMe plans to raise up to Rs.1.6 billion by offering a 13.04 percent stake in the company through an initial public offering (IPO) on the Colombo Stock Exchange (CSE).

John Keells Holdings wraps up Luxembourg GDR delisting

John Keells Holdings announced this week that it has concluded the delisting of the Global Depositary Receipt (GDR) programme of the Luxembourg Stock Exchange.

cartoon 22.08.2024

Indices close on a mixed note

The ASPI edged down as a result of price losses in counters such as Ceylinco Insurance, LOLC Holdings and SMB Leasing nonvoting with the turnover crossing Rs 547 Mn. Meanwhile, the S&P SL20 edged up.

Auction yields up on 3 and 6-month tenures

The Central Bank conducted the weekly T-bill auction yesterday raising Rs.120.0 billion and the total offered was fully accepted with higher reception on three-month and six-month tenures.

Sri Lanka Trade Fair to open in Dubai on November 2

The ‘Sri Lanka Trade Fair Dubai 2024,’ a platform designed to foster business growth and international trade between Sri Lanka and the Gulf region, is set to take place on November 2nd and 3rd.

HNBA recognized as ‘Outstanding Mom-Inclusive Workplace’

HNB Assurance PLC was recognized as one of the most outstanding mom-inclusive workplaces, solidifying its efforts towards promoting inclusivity and equality in the insurance industry.

Amana Bank joins Central Bank of Malaysia’s Global Forum on Islamic Economics and Finance

Amana Bank recently participated in the Global Forum on Islamic Economics and Finance (GFIEF) 2024, held in Kuala Lumpur under the patronage of the Ministry of Finance Malaysia.

CEAT unveils another radial masterpiece for high-end SUVs

CEAT Kelani Holdings has reinforced its status as a big-league player in the tyre industry with the launch of a new whopper in the radial segment for high-end SUVs battling Sri Lanka’s roads and tracks.

NTB Amex cardmembers to get chance to win trip to Prague Christmas Market

Nations Trust Bank American Express is building excitement for the upcoming Christmas season by offering its cardmembers the chance to win a trip to the Prague Christmas Market, a destination renowned for its festive atmosphere and historical charm.

SAB Campus of CA Sri Lanka signs MOU with AATSL

The SAB Campus of The Chartered Institute of Sri Lanka (CA Sri Lanka) and the Association of Accounting Technicians Sri Lanka (AATSL) recently embarked on a new path in accounting by signing a Memorandum of Understanding (MoU) aimed at advancing and collaborating professional education.

Dialog MyOffer Unveils Enhanced AI-Powered Offers for Personalised User Experiences 

Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, has announced significant enhancements to its MyOffer service.

SLT-Mobitel Enterprise launches ‘SMARTChat’ consultation sessions for SMEs

SLT-Mobitel Enterprise is breaking new ground in supporting the Small and Medium Enterprises (SME) sector with the launch of an innovative engagement concept ‘SMARTChat- An Hour with Customer’.

Allianz Lanka makes helmet donation for 3rd consecutive year

Allianz Lanka conducts an annual programme to distribute child-safety-helmets for children, as many schoolchildren who travel on motorbikes often do so without helmets, which puts this group of road users at a high risk.

Sri Lanka – Singapore Business Council holds 27th AGM

The 27th Annual General Meeting of the Sri Lanka – Singapore Business Council (SLSBC) of the Ceylon Chamber of Commerce was held on July 30th at the Hilton Colombo Residence.

Sri Lanka Ceramics & Glass Council AGM elects Aravinda Perera as President

The Annual General Meeting of the Sri Lanka Ceramics & Glass Council (SLCGC) took place on 1st August at The Kingsbury Colombo.

Haycarb’s Balaratnarajah re-appointed as IASL Chairman

The Industrial Association of Sri Lanka (IASL) hosted its 33rd Annual General Meeting on August 9th, at the Kingsbury Hotel, Colombo.

Macktiles opens Masterpieces Concept Store in Colombo 3

Macktiles recently unveiled the Macktiles Masterpieces Collection at its newly opened Concept Store at Sea View Avenue, Colpetty.