ALFT Packaging showcases Modern Flexo’s potential at ‘Drupa 2024’

ALFT Packaging showcased the potential of Modern Flexo recently at Drupa 2024 held in Germany, the world’s largest trade fair for the printingand packaging industry and its technologies.

Maharaja Foods launches IPO on CSE’s Empower Board

Maharaja Foods Limited marked a significant milestone on July 26, becoming the first woman-owned enterprise in the agribusiness sector with roots in the Northern Province, to list its shares on the Empower Board of the Colombo Stock Exchange (CSE).

Kitchen & Bedroom unveils new logo

Kitchen & Bedroom recently unveiled its new logo, resonating with minimalism, functionality and renewed luxury that one would expect in their living spaces.

Ceylon Chamber’s Import Section holds 89th Annual General Meeting

The Import Section of the Ceylon Chamber of Commerce successfully conducted its 89th Annual General Meeting at the Shangri-La Hotel Colombo recently, with the State Minister of Financer Shehan Semasinghe in attendance as the Chief Guest.

Thilak Piyadigama takes the helm at WEBXPAY

In a strategic move towards advancing digital payment solutions in Sri Lanka, WEBXPAY welcomes Thilak Piyadigama as its new Executive Chairman.

The Consulting Report ranks Virtusa 15th among Top 50 consulting firms

Virtusa Corporation, a global provider of digital strategy, digital engineering, and IT services and solutions, recently announced it has been named by The Consulting Report as one of The Top 50 Consulting Firms of 2024.

Easing Sri Lanka’s Fiscal Burden: Who Needs State Pension?

Public sector workers’ pensions are paid by tax revenue, with12% of government revenue allocated for pensions.

Acorn Prime Destinations redefines travel experiences with personalized journeys

Driven by a passion for crafting inspirational journeys and a commitment to personalized excellence, Acorn Prime Destinations caters to a diverse range of travellers, from thrill-seeking adventurers to luxury aficionados, couples, families, eco-tourists, and group travellers.

Exterminators launches 62% energy-saving flying insect light trap

Exterminators PLC, Asia’s 1st public listed great place to work and Asia’s 1st carbon neutral pest control company, is proud to introduce the Practika LED insect light trap in collaboration with Pelsis-UK Limited and Sentario UK Limited.

Industry stakeholders call for urgent action against surge in palm oil imports

Sri Lanka is experiencing a substantial financial drain with millions being spent on palm oil imports, industry stakeholders said while calling for reevaluation on the ban on palm oil to address this issue.

Sri Lankan govt. loses tax revenue big-time due to grey market products

Grey market products have long been a contentious issue, enticing consumers with seemingly lower prices. However, beneath the surface, these unauthorised imports bring a myriad of economic and consumer safety concerns that far outweigh their initial appeal.

BOI joins global pledge to boost gender equity in Foreign Direct Investments

The Board of Investment (BOI) Sri Lanka recently joined a global pledge initiated by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the Foreign Direct Investment (FDI) Center to promote gender equity among FDI-mandated organizations in the country.

Decision to relax vehicle imports by August

The government will announce its stance on relaxing the import of vehicles by August, Finance State Minister Shehan Semasinghe said.

CBSL says no intention of regulating interest rates

​The Central Bank last week said it does not want to intervene in setting the interest rates, and will leave them to market forces.

Sri Lanka confident in tourism surpassing 2018 peak

Sri Lanka is confident that the tourism industry will surpass the 2018 peak if the current momentum in tourist arrivals earnings continue, authorities said.

Associations challenge new visa process in SC

Associations representing the formal sector of the tourism industry have filed a Fundamental Rights Petition in the Supreme Court challenging the new tourist visa process that was introduced without any forewarning in April 2024.

June apparel earnings up 4% YoY after two months decline

Earnings from the apparel sector in June expanded 4 percent Year-on-Year (YoY), a move towards the growth trajectory after witnessing a contraction for two consecutive months.

Tea Mastery

Creating a symphony in every glass, a competitor in action at the Hotel Show Colombo 2024

Toxic mix of inconsistent policies hinders real estate recovery: Stakeholders

Sri Lanka’s real estate and construction sectors are recovering strongly, but a leading real estate developer cautioned that a toxic mix of inconsistent policies is making the sector increasingly uncompetitive globally, despite its significant foreign exchange earning potential.

Pan Asia Bank kicks off June earnings with modest performance

Kicking off the much anticipated banking sector earnings for the June quarter, Pan Asia Banking Corporation PLC (PABC) led the pack by reporting mostly stable performance for the quarter despite some softening in the amount of loans it extended in the three months.

SL positioned to dominate Asia’s US$ 5 trn green market: Dilmah

Sri Lanka has a significantly high potential and a comparatively higher advantage to tap into the emerging US$5 trillion green business market in Asia, according to Dilmah Tea Chairman Dilhan Fernando.

CPA Australia strengthens ties in Sri Lanka

A high-level delegation from CPA Australia, including board members and representatives from international markets, recently concluded a successful visit to Sri Lanka.

Sri Lanka Retailers’ Association hosts 7th AGM

The Sri Lanka Retailers’ Association (SLRA) convened for its seventh Annual General Meeting (AGM) at Hilton Residencies recently.

Xiteb obtains ISO 9001:2015 certification

Xiteb, a leading software solutions provider and the top eCommerce platform developer, has successfully obtained the ISO 9001:2015 certification, further solidifying its commitment to quality and customer satisfaction.

Priyantha Ranasinghe takes helm at CIPM Sri Lanka

CIPM Sri Lanka announced the appointment of Priyantha Ranasinghe as its new President, at the CIPM’s Annual General Meeting that brought together a large number of members.

Advantis Logistics City gets integrated fire protection systems

Hayleys Fentons, the first and largest company in Sri Lanka in the mechanical, electrical and plumbing sector, contracted with Advantis 3PL Plus, the market leader in third party logistics (3PL), for fire protection and detection system for the warehouse, a mezzanine area of 2800 square metres and additional storage space of 8300 square metres.

SANASA Way Forward programme held in Jaffna

Another phase of the SANASA Way Forward programme series, conceived by the leader of the SANASA Group, Dr. P.A. Kiriwandeniya, was successfully held recently at Tilco Hotel in Jaffna.

NDB NEOS and CRIB partnership empowers financial future

NDB Bank recognises the importance of financial education and empowerment.

People’s Bank-Dialog to offer special benefits to clients

People’s Bank and Dialog Axiata PLC have formed a strategic partnership to offer exclusive discounts to People’s Bank credit cardholders across the island, promising substantial savings and making it more affordable to embrace the latest technology.

DIMO-Tata launch all-new Tata Xenon Yodha

Diesel & Motor Engineering PLC (DIMO), in partnership with Tata Motors, one of the world’s leading automotive manufacturers, offers an affordable and versatile pickup vehicle for the Sri Lankan market.