Novacura Lanka Unveils State-of-the-Art Office Space at Marino Mall

Welcoming esteemed guests on Wednesday, 7th August 2024, Novacura inaugurated the new location marked by presence from Novacura’s Headquarters in Gothenburg, Sweden.

Click to give: Future of digital fundraising in Sri Lanka

The Suwaseriya Foundation, which hosts the 1990 free emergency ambulance service, recently raised Rs.1.2 million in donations through Karuna.lk, Sri Lanka’s first online fundraising platform.

National Institute of Business Management launches NIBM REACH 2024

National Institute of Business Management (NIBM) has announced the launch of NIBM REACH 2024, an exciting talent show set to showcase the diverse and exceptional talents of individuals from NIBM.

Sandun, strengthening SL’s position on regional, global stage

Sandun Pathirana has followed his path to become an entrepreneur and a regional and global logistics leader. Last year, Daily FT featured an article titled ‘Sandun, regional expert with a new mission in Sri Lanka’, showcasing his remarkable achievements and clear vision.

AIA celebrates top performers at Sales Convention 2024

AIA Insurance hosted its AIA Sales Convention 2024 in grand style recently at Shangri-La Colombo, under the inspiring theme ‘WINGS UP - to fly beyond Everest’.

Growing demand for SL travel accommodations: Google specialist

Sri Lanka is becoming a favoured destination among the international travellers, with a notable increase in Google searches for accommodation, according to a US-based Google specialist.

Entrepreneurial confidence grows as private company registrations expand in 2024

The number of new private company registrations in the country has shown a significant year-on-year (YoY) increase since the economic crisis in 2022, official data showed.

July national tea sales average down 1.5% from June

The national tea sales average for the month of July 2024 recorded Rs.1,223.88 (US $ 4.05), a 1.5 percent decrease in comparison with the June 2024 average of Rs.1,243.69 (US $ 4.12), data from the Sri Lanka Tea Board showed.

Sanjeewa Bandaranayake new People’s Leasing & Finance CEO/GM

People’s Leasing & Finance PLC (PLC), Sri Lanka’s leading non-bank financial services institution and a subsidiary of People’s Bank, has announced the appointment of Sanjeewa Bandaranayake as its new Chief Executive Officer (CEO) and General Manager (GM).

ACL Cables expects demand boost for construction materials as sector recovers

ACL Cables PLC, one of Sri Lanka’s largest electric cable manufacturers, is confident of increased demand for construction materials, as construction activities have resumed across the country.

Cartoon 08.08.2024

Royal Ceramics Lanka 1Q25 earnings up 1.5% YoY

Porcelain and ceramic manufacturer, Royal Ceramics Lanka PLC Group, for the quarter ended June 30 (1Q25), saw its earnings marginally improve by 1.5 percent from the corresponding period of the previous year to Rs.905 million, due to the reduction in the net finance cost.

Pan Asia Bank launches ‘SME Re- Energizer’ loan for SMEs

Pan Asia Bank has introduced its new ‘SME Re-Energizer’ loan, in partnership with the Sri Lankan Government, designed to provide essential financial assistance to SMEs and MSMEs across Sri Lanka.

Indices close on a mixed note

The ASPI edged up as a result of price gains in counters such as Ceylinco Insurance, Melstacorp and Hatton National Bank with the turnover crossing Rs 320 Mn. Meanwhile, the S&P SL20 edged down. High net worth and institutional investor participation was noted in Central Finance Company. Mixed interest was observed in John Keells Holdings,

T-bill auction yields surge across board

In the secondary market, the yield curve experienced a slight uptick due to selling pressure.

Amãna Bank’s self-banking services expand to Kattankudy Beach Road

Amana Bank recently opened its latest self-banking centre at Kattankudy Beach Road to further its reach.

Ceylon Chamber launches BCCS Awards 2024

The Ceylon Chamber of Commerce launched the Best Corporate Citizen Sustainability (BCCS) Awards 2024 at a seminar to brief prospective applicants on the Award process for the year 2024.

CEAT car radials chosen as Original Equipment for Hyundai Grand i10 assembled by Abans Auto

CEAT has been chosen as the original equipment tyre for the 2024 Hyundai Grand i10 assembled, sold and serviced in Sri Lanka by Abans Auto, clinching another OEM partnership for the country’s highest-selling tyre brand.

Ex-Pack Corrugated Cartons certified as Carbon Neutral for third year

Ex-Pack Corrugated Cartons PLC was recently bestowed the Carbon Neutral certification by the National Cleaner Production Center (NCPC) for the third year.

Hemas Consumer Brands speeds up plastic waste collection with new baling facility

Hemas Consumer Brands is accelerating efforts to reduce its plastic footprint for a secure, pollution-free tomorrow for future generations.

Baurs partners with Fresenius Medical for device distribution

A. Baur & Co. Ltd recently entered into a partnership for the distribution of German multinational medical device company’s Sri Lankan operations, Fresenius Medical Care Lanka (Private) Limited.

Shippers’ Council holds 54th Annual General Meeting

Sri Lanka Shippers’ Council conducted its 54th Annual General Meeting at The Ceylon Chamber of Commerce recently.

Intex Sri Lanka 2024 redefines int’l sourcing for garment industry

The 15th edition of the premier international textile sourcing platform in South Asia commenced in Colombo yesterday (August 7) and will run until August 9 at BMICH, Colombo.

Bank of Ceylon awards ‘Nanajaya’ scholarships worth over Rs.30 mn

The Bank of Ceylon recently celebrated the academic excellence of Sri Lanka’s brightest students through its annual ‘Nanajaya’ Higher Education Scholarship programme.

Sparklink Travels celebrates 45 years of service excellence

Sparklink Travels commemorates its 45th anniversary of providing exceptional travel services. Incorporated in 1979 by Nihal Perera, the company has grown into a trusted name in the travel industry, renowned for its personalized service and unwavering commitment to quality.

Gestetner of Ceylon wins Ricoh Asia Pacific Top Performance Award

Gestetner of Ceylon PLC has been honoured with a top award at the Ricoh Asia Pacific annual Partner Meet held in Thailand. This recognition underscores the company’s commitment to excellence and innovation in the industry.

Arpico Mattress hosts 2024 Top Dealer Awards

Arpico, being a pioneer of Sri Lanka’s mattress industry, hosted an event celebrating outstanding achievements in the polyurethane sector.

Fly a World Consultants honoured at Excellency Awards

Fly a World Consultants and Tourism Pvt. Ltd., has been awarded the title ‘Most Trending Foreign Travel and Tourism Consultant 2023/24’ at the Excellency Awards 2024 organized by the Centre for Entrepreneurship and Community Development (CECD).

ACCA honours over three hundred new members

The Association of Chartered Certified Accountants (ACCA) recently held its New Member Ceremony 2024 at the Courtyard by Marriott in Colombo.

SL commits to achieving SDGs, Net Zero carbon emissions by 2040

Sri Lanka affirmed its commitment to achieving Sustainable Development Goals (SDGs) and reaching net zero carbon emissions by 2040, for which President Ranil Wickremesinghe outlined some measures the island nation will roll out in this regard.