UN Global Compact Network Sri Lanka’s strategic approach catalyses sustainable business solutions

UN Global Compact Network Sri Lanka facilitated corporate speakers and sessions at the regional flagship event ‘Forward Faster Now | Asia & Oceania’ on 05-06 August in Kuala Lumpur.

Sri Lanka urged to enhance digital focus in hospitality sector

As Sri Lanka’s hospitality sector gradually gains global attention, two regional industry stakeholders highlighted the urgent need for Sri Lanka to step up its focus in facilitating its tourism industry in the digital landscape.

SL lures US$ 71.53mn worth investments for tourism projects this year

Sri Lanka’s tourism sector has attracted US$ 71.53 million worth of investment proposals in the period up to 16th of August this year, latest Sri Lanka Tourism Development Authority (SLTDA) data showed.

WindForce soars to new heights with stellar quarterly performance

WindForce PLC has announced an outstanding financial performance for the first quarter of the 2024/25 fiscal year. The company reported a robust 87 percent surge in EBITDA reaching Rs. 1.95 billion, a significant leap from Rs. 1 billion in the same period last year. This remarkable growth highlights the company’s strategic advancements and market strength.

CSE and South Eastern University exchange MoU to improve financial literacy of undergrads

The Colombo Stock Exchange (CSE) and the South Eastern University of Sri Lanka (SEUSL) formalised a collaboration through a Memorandum of Understanding (MoU) last week to improve the financial literacy of the undergraduates studying at the university.

JAT sees 1Q bottom-line expand 77% YoY

JAT Holdings PLC – Sri Lanka’s market leader in wood coatings, paint brushes, and rollers – recently released its financials for 1Q of FY 2025, noting strong growth in both its top and bottom-line.

Union Bank to launch fully digital experience in 2024

Union Bank of Colombo, led by Nepalese billionaire businessman Binod Chaudhary, is set to become Sri Lanka’s first bank offering a fully digital experience by March next year.

Week commences with foreign buying

The ASPI edged down as a result of price losses in counters such as LOLC Finance, National Development Bank and Browns Investments with the turnover crossing Rs. 580 mn.

Mid to long tenors further slide on extended buying

The secondary bond market yield curve continued to slide on the mid to long tenors as buying momentum extended for the third consecutive day.

Commercial Bank leads home loan market

Commercial Bank of Ceylon has emerged as the biggest supporter of the dreams of home builders in Sri Lanka, achieving market leadership in the ‘home loans’ sector.

Canon Singapore team meets BOI-Port City officials

Canon Singapore President and CEO Toshiyuki Ishii and a team of officials from Cannon Singapore and Metropolitan Group met with Board of Investment (BOI) Chairman Dinesh Weerakkody and the BOI and Port City officials for an overview of the investment climate and Port City Colombo.

COYLE launches Young Lankan’s programme

The Chamber of Young Lankan Entrepreneurs (COYLE) announced the launch of its latest initiative, the Young Lankan’s programme.

Orient Finance celebrates 43 years of stability and financial achievement

Orient Finance PLC commemorated its 43rd anniversary recently, marking over four decades of stability and excellence in the financial industry.

NDB Bank wins multiple awards at SLIBFI 2024

NDB proudly signifies excellence in Islamic banking as it reaches a decade of operating within the Islamic banking space, along with having clinched multiple awards in the recently held SLIBFI (Sri Lankan Islamic banking and finance industry) Awards 2024.

Virtusa recognised as Enterprise Innovator in HFS Horizons report

Virtusa Corporation, a global provider of digital strategy, digital engineering and information technology (IT) services, has been recognised as an Enterprise Innovator by leading global research and analysis firm HFS Research in its HFS Horizons: HCP Service Providers, 2024 report.

Deloitte Sri Lanka earns ACCA Approved Employer status

Deloitte Sri Lanka announced its recent accreditation as an Approved Employer for Professional and Trainee Development by the Association of Chartered Certified Accountants (ACCA).

Sri Lanka to host Youngship Global Leadership Summit 2024 in November

Youngship Global Leadership Summit 2024, a landmark international event to shape the future of leadership in the maritime industry, will be held in Sri Lanka from November 16 to 19, the Youngship Sri Lanka announced last week.

Horana Plantations’ She-Essentia project tackles period poverty

Horana Plantations PLC (HPL), a member of the Hayleys plantations sector, unveiled She-Essentia, a groundbreaking initiative addressing period poverty and promoting menstrual health and hygiene among women and girls in the Sri Lankan plantation sector.

Sunquick supports Sri Lanka Women’s Cricket Team

Sunquick, a leading beverage company, known for its dedication to quality and innovation, announced its initiative to empower women in sports, highlighted by its support of the Sri Lanka Women’s Cricket Team, who recently clinched the Women’s Asia Cup champion title. This effort is part of Sunquick’s broader mission to promote women’s athletics and to encourage female participation in sports across Sri Lanka.

Uswatte Confectionery Works relaunches Chirpy Chips snack

Uswatte Confectionery Works (Pvt.) Ltd, Sri Lanka’s oldest Confectionery manufacturer with over 68 years of offering high-quality confectionery delicacies and snack food, announced the revival of chip brand, Chirpy Chips. The fun-filled snack is meticulously manufactured using pure potatoes and promises 100 percent food value in every bite. Chirpy Chips was first introduced into the market in 1994 but was discontinued to due to government police

Sonrich Asia honoured as Best Network Marketing Company at BWIO Awards

Sonrich Asia, a leading innovator in the nutritional supplements and beauty products industry, has been recognised once again as the Best Network Marketing Company, at the Business World International Awards.

WISTA Sri Lanka marks a decade of empowering women

WISTA Sri Lanka celebrated its 10th anniversary with a dynamic keynote discussion on ‘Charting the Course of Success in a Disruptive World’, featuring the renowned global transformation thought leader Karen Leong at the event held at Cinnamon Grand Colombo this week.

Hatton National Bank partners with SLTA

Hatton National Bank PLC (HNB), Sri Lanka’s leading private sector bank, recently announced its partnership with the Sri Lanka Tennis Association (SLTA) as a sponsor, for the prestigious 109th Sri Lanka Nationals 2024 tennis tournament, reaffirming its commitment to fostering sports development and nurturing young talent in Sri Lanka.

Huawei celebrates Sri Lanka’s 1GW solar energy milestone

Huawei Sri Lanka recently marked a significant achievement with Sri Lanka reaching a total solar energy capacity of one gigawatt (GW) by 2024.

CSE and South Eastern University exchange MoU to improve financial literacy of undergraduates

The Colombo Stock Exchange (CSE) and the South Eastern University of Sri Lanka (SEUSL) formalized a collaboration through a Memorandum of Understanding (MoU) last week to improve the financial literacy of the undergraduates studying at the university.

Consumer inflation to remain below 5% through first quarter of 2025

The Central Bank expressed its confidence about the ability to maintain inflation below its medium target of 5 percent through the first quarter next year, before seeing a temporary uptick in the prices towards the second half of 2025, before converging around the target level thereafter.

July tea exports down 6.2% YoY

The tea exports for the month of July 2024 totalled 21.35 million kilogrammes, showing a 6.2 percent year-on-year (YoY) decline.

Tea production up 6.1% YoY

Sri Lanka’s tea production for the month of July 2024 totalled 22.89 million kilogrammes, recording an increase of 6.1 percent year-on-year (YoY).

SLT-Mobitel reports moderate revenue growth in 1H 2024

SLT-Mobitel has reported moderate revenue growth for the first half of 2024, while demonstrating savings through cost management initiatives.

BOC concludes Rs.22.4bn PBT in 1H 2024

In 1H2024, Bank of Ceylon (BOC) navigated the challenging landscape of the Sri Lankan economy with a strategic foresight.