E. B. Creasy Solar drives innovation at Construction Power and Energy Expo

The ninth Construction Power and Energy Expo 2024, held from July 5 to 7, 2024, at the Bandaranaike Memorial International Conference Hall (BMICH) in Colombo, concluded on a high note with E. B. Creasy Solar as the Platinum Sponsor.

People’s Bank opens New Manning Market Complex service centre

People’s Bank recently opened its newest service centre at New Manning Market Complex, Peliyagoda.

Laugfs Rubber wins Gold at NCQP 2024

Laugfs Rubber recently received a Gold award at National Convention on Quality and Productivity (NCQP) Awards 2024.

Sri Lanka-China Business Council holds 23rd AGM

The 23rd Annual General Meeting (AGM) of the Sri Lanka-China Business Council of the Ceylon Chamber of Commerce was held recently at Hilton Colombo Residencies, Colombo 2.

CINEC Campus introduces maritime science to Sri Lankan schools

CINEC Campus in Malabe, the largest maritime educational training facility in Sri Lanka, has expressed its fullest support for the introduction of commercial shipping and maritime science (CSMS) as a new school subject for students starting from grade six.

Multidimensional poverty and ‘Aswesuma’ programme

The economic crisis of Sri Lanka has resulted in a sharp increase in the country’s poverty. According to the World Bank press release on April 2, 2024, people living below the international poverty line of US $ 3.65 a day, have increased to 25.9 percent of the population in 2023 from 14.3 percent in 2019.

Sanasa General Insurance wins top NBEA honours

Sanasa General Insurance, Sri Lanka’s leading insurance company, emerged as the winner in the insurance sector at National Business Excellence Awards 2024 (NBEA), organised by the National Chamber of Commerce of Sri Lanka.

CFA Society SL to host inaugural CFO Forum

CFA Society Sri Lanka is to hold its inaugural CFO Forum titled ‘Riding the Challenges towards the Opportunity’, on Tuesday, July 16, 2024, from 7:30 a.m. to 9:30 a.m. at Kings Court, Cinnamon Lakeside, Colombo.

Govt. throws tax net to 14 more fields

In a bid to increase the tax revenue, the government has registered 14 fields, which were previously overlooked, for mandatory tax payments, Finance State Minister Ranjith Siyambalapitiya announced.

Make biodiversity conservation a development priority: Dr. Pillapitiya

Despite boasting about the highest biodiversity per unit area in Asia, Sri Lanka has failed to recognise its conservation as a mandatory development priority, former Wildlife Conservation Department Director General Dr. Sumith Pillapitiya said.

Marine expert calls for sustainable shift in SL’s tourism focus

Sri Lanka’s tourism industry requires a major shift towards long-term thinking and a collective approach to protect and promote the country’s natural resources, a prominent marine scientist said.

CB enforces December 31 deadline to update unique ID for depositors

The licensed banks and financial institutions have time until December 31, 2024, to update the unique identification numbers of their existing depositors, according to the Central Bank.

Eight entities shortlisted to bid for Litro Gas Lanka and Litro Terminals

Eight firms have been shortlisted to bid for Litro Gas Lanka Limited and Litro Terminals Limited, the State-Owned Enterprise Restructuring Unit announced yesterday.

IT/BPM leaders warn new taxes threaten innovation and undermine competitiveness

Sri Lanka’s IT/BPM sector yesterday called on the authorities to re-evaluate the tax measures affecting the export services.

Week begins with foreign buying

The ASPI closed in red as a result of price losses in counters such as Hatton National Bank, Hayleys and Central Finance Company with the turnover crossing Rs 657 Mn. A similar behavior was witnessed in the S&P SL20.

Bonds wrap up day on a mixed note

The secondary bond market saw mixed activities during the day although the overall market witnessed limited activities with thin volumes.

LOLC Technologies unveils SL’s first LLM-based chatbot for banking and financial services

LOLC Technologies has launched an AI-driven chatbot powered by a Large Language Model (LLM).

Nilrandha and Ranura crowned National Winners at AYDA Awards 2023/2024

The AYDA Awards 2023/2024, brought to life by Nippon Paint, witnessed a remarkable showcase of talents nationwide. Nilrandha Fonseka and Ranura Perera emerged as the National Winners for their outstanding design projects, Bhumi and Artisan’s Shack under the categories of Architectural and Interior Design respectively.

Omega Line wins awards for energy efficiency and clean energy initiatives

Omega Line Ltd was recently bestowed with two bronze awards under the Energy Efficiency Initiatives and Clean Energy for Productive Uses categories.

ComBank Bangladesh operations receive ‘AAA’ credit rating

The Bangladesh operation of Commercial Bank of Ceylon PLC has received ‘AAA’ (Triple A) Long Term credit rating from Credit Rating Information and Services Ltd (CRISL) for 2024, the 14th consecutive year it has received the highest credit rating given to a financial institution in Bangladesh.

SriLankan partners Mastercard for consumer insights and cybersecurity

SriLankan Airlines and Mastercard announced their collaboration to enhance operational efficiency and strengthen the cybersecurity posture ofthe country’s national carrier.

Union Assurance and Diabetes Association enter into strategic partnership

Union Assurance has entered into a strategic partnership with the Diabetes Association of Sri Lanka (DASL) to address the alarming prevalence and incidence of diabetes in the country.

Pan Asia Bank wins Infosys Finacle Innovation Award

Pan Asia Banking Corporation has been honoured with a Platinum Award at the Infosys Finacle Innovation Awards 2024.

Hayleys Plantations represents SL at 10th World Water Forum

Head of the Hayleys Plantations Sector and Managing Director of Kelani Valley Plantations PLC (KVPL) Roshan Rajadurai represented Sri Lanka at the recently concluded 10th World Water Forum held in Bali.

ITX360 among Top 10 Best Workplaces

ITX360, a technology solutions provider specialising in boosting productivity and innovation across various industries, from telecommunications to the public sector, announced its placement among the 10 Best Workplaces in Sri Lanka’s Technology Industry for 2024.

Singhagiri introduces CANDY washing machines and refrigerators

Singhagiri (Pvt) Ltd., recently announced the addition of CANDY products to its portfolio.

Acuity Knowledge Partners strengthens ties with USJ

Acuity Knowledge Partners has strengthened its partnership with the University of Sri Jayewardenepura (USJ), signing a memorandum of understanding (MoU) with the Department of Business Administration within the Faculty of Management Studies and Commerce.

Classic Travel honoured as ‘Most Technology Resilient Company’

Classic Travel was recognised as the ‘Most Technology Resilient Company’ at the recently held inaugural ISACA Sri Lanka Digital Trust Awards ceremony.

Lumala debuts at International Industry Expo 2024

City Cycle Industries Manufacturing (Pvt.) Ltd. recently participated at the International Industry Expo 2024, organized by the Ministry of Industries (MOI) and the Industrial Development Board (IDB).

Radisson Hotels conclude Markdown Mania event

The trio of Radisson Hotels in Sri Lanka, Radisson Blu Resort Galle, Radisson Hotel Colombo, and Radisson Hotel Kandy recently concluded their highly anticipated Markdown Mania event on June 27th and 28th at the World Trade Center, Colombo.