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.

Moody’s raises Sri Lanka’s rating

Christmas gifts are continuing to come Sri Lanka’s way, with Moody’s Ratings (Moody’s) upgrading the island nation’s long-term foreign currency issuer rating to Caa1 from Ca.

ASPI crosses the 15,000 mark for the first time

Indices closed in green as a result of price gains in counters such as LOLC Holdings, Hatton National Bank and Hatton National Bank nonvoting with the turnover crossing Rs. 8.4 billion.

November merchandise exports slide 5.6% YoY while services sector expands 21%

Sri Lanka’s export performance for the month of November witnessed a Year-on-Year (YoY) contraction of 5.6 percent with revenue reaching US$ 943.1 million. The decrease is primarily attributed to reduced earnings from exports of Rubber-based products, Electrical and Electronic components, Food & Beverages, and Seafood.

Browns Investments completes acquisition of shares in Lipton Teas and Infusions Tanzania Limited

Browns Investments announced today the completion of the acquisition of 100 percent of the shares in Lipton Teas and Infusions Tanzania Limited.

Annika Senanayake appointed chairperson of Janashakthi Insurance

Janashakthi Insurance PLC has announced the appointment of Annika Senanayake as the new Chairperson, effective 01 January 2025.

SL gets first rating upgrade from Fitch post debt-restructure 

Santa appears to have turned a lot more generous this Christmas for Sri Lanka which went through a lot of hardship during the last few years, as the country received another gift by way of its first sovereign credit rating upgrade.

CSE announces constituent change in S&P Sri Lanka 20 Index 

The Colombo Stock Exchange (CSE) on Friday announced changes to the S&P Sri Lanka 20 index constituents as part of the 2024 Year-End Rebalance, conducted by S&P Dow Jones Indices.

Central Bank issues eight new LKR bonds settling bondholders

As Sri Lanka brought the bond restructuring to a close, the Central Bank issued eight new treasury bonds with maturities running up to 19 years for which valid offers were accepted under the local bonds option by the government in return for the defaulted sovereign bonds.

NOTICE

Mirror Business will not be published from Tuesday (24 December) to Saturday (28 December) in view of Christmas Holidays. The next issue will be on 30 December.

Banks asked to roll-out slew of relief on SME credit facilities under strain

The Central Bank in a circular issued last week, announced a string of relief measures on the credit facilities of the Small and Medium size Enterprises (SMEs) who were affected from the repeated crises from the Easter Sunday attacks to the pandemic to the economic crisis which sent their costs, interest rates and taxes to sky high levels, pushing many out of business and others to the brink.

Tourist arrivals surpass 1.9 mn mark

Sri Lanka surpassed 1.9 million tourist arrivals for the year, provisional data from Sri Lanka Tourism Authority (SLTDA) showed.

Govt. targets 3 mn tourists, US$5 bn revenue in 2025

The government is aiming to attract three million tourists in 2025, generating over US$ 5 billion in revenue, with major institutional reforms planned for the tourism sector next year.

Stock Exchange witnesses more instances of unusual trading

Diesel & Motor Engineering PLC (DIMO) and Sathosa Motors PLC also denied possessing any unpublished price-sensitive information connected to unusual trading activities of their shares on Colombo Stock Exchange (CSE).

ComBank launches Agri Modernisation Village programme in Kilinochchi

Commercial Bank of Ceylon has embarked on an ambitious mission to propagate technology in the agriculture sector, encompassing all areas of agricultural potential in the country.

CIPM holds Feedback and KPI Mastery workshop

The Chartered Institute of Personnel Management (CIPM) Sri Lanka concluded its sold-out Feedback Playbook and KPI Mastery for Success in 2025 workshop, held recently at Marino Beach Colombo.

Oplee, SL’s Best Luxury Body Care Brand

Oplee Luxury Products has been awarded Best Luxury Body Care Brand in Sri Lanka at the 2023/2024 Entrepreneurial Excellence Awards held in Gampaha.

Huawei holds South Asia Supplier Convention 2024

Huawei’s South Asia Supplier Convention 2024, held at ITC Ratnadipa recently, brought together key partners from Bangladesh, Nepal, the Maldives and Sri Lanka, to explore new opportunities for collaboration and strengthen the region’s partner ecosystem.

Japanese business delegation visits HIP

The Hambantota International Port (HIP) supported a joint initiative by the Japan External Trade Organisation (JETRO) and Hambantota Chamber of Commerce, which are on an initiative to attract investments into the southern hinterland of Sri Lanka.

Hayleys Fentons wins at SAFA Awards

Hayleys Fentons Limited was recognised at the prestigious SAFA Best Presented Annual Report Awards 2023.

Sigiri.Ai launches Sinhala and Tamil LLMs

Sigiri.Ai, founded by Lasitha and Kasun Gunasinghe, has introduced a groundbreaking development for Sri Lanka’s digital landscape: the first-ever Sinhala and native Tamil large language models (LLMs).