Swing into Luxury: Dialog Club Vision and Shangri-La Hambantota Introduce Exclusive Golf Membership Benefits 

Dialog Club Vision, Sri Lanka’s premier loyalty programme, has proudly unveiled its collaboration with Shangri-La Hambantota, strengthening its commitment to customer excellence with this landmark partnership announcement, poised to offer exclusive golf benefits to esteemed members.

REPA disapproves new tariff rates for rooftop solar projects

The Renewable Energy Protectors’ Association (REPA) recently held a media briefing to voice concerns over the government’s decision to reduce tariff rates for new rooftop solar and renewable energy projects, effective from 1 July.

Eden Groups steps up to revolutionize poultry feed sector

Eden Groups Eco Farms (Pvt) Ltd, a startup founded by two brothers, is stepping up to revolutionize the country’s poultry feed sector to address shortages in raw materials, by using nutrition-rich larvae from Black Soldier Flies (BSF) and alternative animal feed technologies to address shortages in poultry feed raw materials.

SEC, CSE and ADB collaborate to promote Sustainable Bonds for a greener future

The Securities and Exchange Commission of Sri Lanka (SEC) and The Colombo Stock Exchange (CSE), in collaboration with the Asian Development Bank (ADB) hosted an issuer forum titled ‘Towards a Greener Horizon: Unlocking Opportunities through Sustainability Bonds’ recently in Colombo.

NDB Bank empowers tech professionals with Financial Mastery workshop

NDB Bank recently took a significant step towards empowering tech professionals with essential financial skills by organising an engaging financial knowledge training session.

Wavenet takes centre stage at DTW - Ignite 2024

Wavenet showcased its innovative prowess at the DTW – Ignite 2024 event.

Parental support enhances Sri Lankan finance ratings: Fitch

Fitch Ratings shared that many Sri Lankan finance subsidiaries receive higher ratings due to expected parental support, which often results in ratings that surpass what their standalone performance would typically be.

1H merchandise exports top US$ 6 bn

Sri Lanka’s merchandise export performance for the first half of the year (1H24) totalled US$ 6.098 billion, a 3.87 percent growth Year-on-Year (YoY) when compared with the corresponding period in 2023.

Banks’ operating environment continues to show signs of stabilisation: Fitch Ratings

Sri Lankan banks’ operating environment (OE) continues to show signs of stabilisation, Fitch Ratings said, as it is evident in sustained improvements in reported headline macroeconomic indicators, supporting the recovery in banks’ operational flexibility.

Registrar of Companies to introduce e-signature facility next year

Sri Lanka’s Department of Registrar of Companies announced plans to introduce electronic signature next year, in an effort to simplify and fully digitise its services.

Govt. offers interest relief as gold pawn arrears hit record Rs. 571bn

As arrears in gold pawn advances hit a record Rs.571 billion amidst the economic crisis, the government has decided to provide interest relief for borrowers in hard-hit low-income communities.

Local handloom sector to receive fresh boost with focus on women, youth

The local handloom sector in Sri Lanka is set to receive a significant push with the government looking to implement several development programmes specifically targeting the empowerment of women and youth involved in the industry.

Windforce announces commissioning of 389 KWp off-grid solar power project in Zanzibar

Renewable energy company, Windforce PLC announced this week the successful commissioning of the 389 KWp Ground Mount Off-Grid Solar Power Project in Zanzibar, Tanzania.

July tourist arrival rate increases, crossing 127,000 mark in 21 days

The month of July continues to witness an increased momentum in tourist arrivals as the number of international visitors to the country for the first three weeks crossed the 127,000 mark.

Cabinet greenlights draft bill increasing national minimum wage

The Cabinet green light has been granted to the draft bill amending the he National Minimum Wage of Workers Act No. 3 of 2016 in order to adjust the national minimum wage to Rs. Rs. 17,500 from current Rs. 12, 500.

ASPI gains after 5 consecutive days of losses

The ASPI closed in green as a result of price gains in counters such as Melstacorp, Richard Pieris & Company and Cargills with the turnover crossing Rs. 540 mn.

Yield curve fixed ahead of monetary policy decision, bill auction

The secondary market yield curve remained broadly unchanged yesterday amidst limited activities and low trading volumes across the market, ahead of today’s monetary policy decision and bill auction.

ComBank wins 6 Asian Business and Finance Awards

Commercial Bank of Ceylon won a remarkable six awards presented in three separate segments recently by Asian Business and Finance (ABF) at a single event in Singapore – the 2024 edition of the magazine’s annual awards ceremony.

Sriyangani, first female Resort Manager at Cinnamon Bentota Beach

Cinnamon Hotels & Resorts announced the appointment of Sriyangani Dhanapala as the first female Resort Manager of Cinnamon Bentota Beach.

Mercantile Investments opens 55th branch in Welimada

Mercantile Investments celebrated a significant milestone with the inauguration of its 55th branch at No. 40, Nuwara Eliya Road, Welimada.

Indian Hotels Company Limited Managing Director and Chief Executive Officer Puneet Chhatwal held discussions with President Ranil Wickremesinghe

Indian Hotels Company Limited Managing Director and Chief Executive Officer Puneet Chhatwal held discussions with President Ranil Wickremesinghe and shared the entity’s expansion plans and new investments in Sri Lanka.

Dipped Products launches marketing office in India

Dipped Products PLC (DPL), a global leader in the manufacturing of high-quality gloves and a subsidiary of Hayley’s PLC, announced the opening of its dedicated sales and marketing office in Mumbai, India.

RoosterHR to digitise 5000+ person workforce at GSS

Rooster’s cutting-edge Human Resource Information System (HRIS) is designed to enhance efficiency, accuracy and employee engagement.

37th OPA Annual Conference in August

The Organisation of Professional Associations (OPA) is to hold its 37th Annual Conference on August 26 and 27, at Shangri-La Hotel, Colombo.

Amãna Bank honoured with Euromoney accolade

Cementing its leadership status for non-interest-based banking in the country, Amãna has been honoured with the title of Best Islamic Bank in Sri Lanka at the prestigious Euromoney Islamic Finance Awards.

Experience Unmatched Value with Dialog’s All-New Anytime Home Broadband Reload Plan

Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, has introduced its latest prepaid Home Broadband Reload plan to cater to the ever-growing Data needs of Sri Lankan households. This plan offers ample data for an entire household with a single monthly reload, ensuring seamless connectivity throughout the day.

Proposed 13% primary expenditure rule for Sri Lanka departs from economic theory and practice

On May 22, 2024, the government of Sri Lanka gazetted the Public Financial Management (PFM) Bill, aiming to implement wide-ranging reforms to enhance transparency, accountability and control of public funds.

CIPM concludes NHRC 2024

The National HR Conference (NHRC), organised by the Chartered Institute of Personnel Management (CIPM) Sri Lanka, was held at Monarch Imperial, under the theme, ‘Navigating the HR Horizon’.

Bianco celebrates 25 years

Bianco (Pvt.) Ltd, a top electrical trading company in Sri Lanka, celebrated its 25th anniversary with a grand event at Galle Face Hotel recently.

Colombo Port congestion lowers transshipment volumes for second consecutive month

The transshipment volumes declined for the second straight month in June this year, as some services rerouted to avoid the heavy congestion at the Port of Colombo.