SLT-Mobitel excels at National Business Excellence Awards

SLT-Mobitel was recently selected as the Runner-up in the Utility and Infrastructure Development category at the National Business Excellence Awards (NBEA) 2024, organized by the National Chamber of Commerce of Sri Lanka. The event was held at the Shangri-La Hotel Colombo.

Sri Lanka must create a conducive environment for rating upgrade: Semasinghe

With the completion of three key steps in its debt restructuring— the finalisation of Domestic Debt Optimisation....

No doubts over finalising terms with CDB

State Minister Finance Shehan Semasinghe affirmed that discussions with China Development Bank (CDB) are progressing positively and that there should be no doubts over finalising terms.

Tourism earnings top US$ 1.5bn in 2024 first half

Tourism achieved a significant milestone with earnings surpassing the US$ 1.5 billion mark in the first six months of the year, reflecting improved performance.

Improved transparency could lead to higher haircut: Dr. Weerasinghe

If the island nation improves transparency as suggested by commercial creditors and successfully reduces corruption....

Losing ground in modern market

Amidst the rise of plastic-based products in supermarkets, a craftsman in Gampaha, continues to handcraft....

Migrant workers send US$ 3.14 bn in 1H boosting remittances

Remittances from Sri Lankans working abroad continued to come above US$ 500 million a month reflecting the fire power it has in keeping the country’s current account of the balance of payment in check.

IATA reports record May passenger demand

The International Air Transport Association (IATA) has released data for global passenger demand in May 2024, highlighting...

US$ 8bn debt relief paves way for Sri Lanka to pursue new economic direction: Prez

As Sri Lanka secures US$ 8 billion in debt relief, President Ranil Wickremesinghe announced that the island nation is now free to pursue a new economic direction.

Local threats haunt businesses in Sri Lanka: Kaspersky

2023 witnessed local threats targeting organisations in Sri Lanka. This is according to the latest data from global cybersecurity....

GOGO.sale to transform vehicle buying and selling in SL

GOGO.sale, Sri Lanka’s premier online marketplace, has unveiled its latest campaign aimed at revolutionising the vehicle...

SLS certification, quality standards affirm Baby Cheramy soaps safest in country

Baby Cheramy is the first baby soap to receive the SLS certification from the Sri Lanka Standards....

Shippers’ Academy to hold masterclass on port, terminal tariff

The Shippers’ Academy Colombo (SAC) will be conducting a small group masterclass on the port sector...

Seylan Tikiri with UCMAS to elevate children’s mathematical prowess

Seylan Tikiri, one of the leading minor savings brands in the country, recently entered a partnership with the Abacus-based learning...

SLT-Mobitel Enterprise with A-Networks to provide managed security services

SLT-Mobitel Enterprise, dedicated in delivering best-in-class technology for the enterprise segment...

Hambantota Port holds Carbon Neutral Awareness Week

With the final objective of becoming carbon neutral, the Hambantota International Port (HIP) has set aside a week....

Macktiles Masterpieces Buddhi Batiks Luxury Tile Collection unveiled

In a landmark event that fused tradition with innovation, Macktiles, Sri Lanka’s largest tile manufacturer, unveiled its groundbreaking...

NCE leads Sri Lankan delegation to Korea Import Fair

The National Chamber of Exporters of Sri Lanka (NCE) represented Sri Lanka at the Korea Import Fair ....

KPMG SL Academy to host virtual assembly on tax appeals

The KPMG Sri Lanka Academy has announced a virtual assembly on tax appeals and administration reviews, scheduled....

PRASL presents Pursuit of Reputation masterclass

The Public Relations Association Sri Lanka (PRASL) presents Pursuit of Reputation, a masterclass by the esteemed authors....

Sri Lanka showcases maritime prowess at Posidonia 2024

Five leading Sri Lankan maritime service providers recently showcased the nation’s maritime capabilities at Posidonia 2024, the world’s largest shipping exhibition....

Demurrage, detention, port charges and FMC’s Final Rule

Even though there are distinct differences between demurrage, detention and port charges, many are still oblivious....

Top executives of China Tianying Inc. met with Sri Lankan Ambassador to China Majintha Jayesinghe and Board of Investment of Sri Lanka

Top executives of China Tianying Inc. met with Sri Lankan Ambassador to China Majintha Jayesinghe and Board of Investment of Sri Lanka...

IMF awaiting more details on ISB deal to ensure compliance with debt sustainability

The International Monetary Fund (IMF) said it is awaiting further information regarding Sri Lanka’s recent negotiations on the International Sovereign Bonds (ISBs), to ensure compliance with the debt sustainability objectives under its programme for the island nation.

Sri Lanka receives US $ 5mn aid to tackle incompetence in chemical imports

Sri Lanka has received a US $ 5 million aid package from the Global Environment Facility (GEF VII) to better manage the issues with chemical imports and disposal. The aid was granted to the Environment Ministry and United Nations Development Programme (UNDP) to implement a project aimed at supporting the transformation of waste management systems, especially in the agriculture and healthcare sectors in the country. The project titled ‘Integrate

Debt deal results in 50% drop in NPV: Capital Alliance

Capital Alliance (CAL), in its analysis on the deal struck by the government with Sri Lanka’s external private creditors, said that the combination of principal haircut, interest rate reduction and maturity extension, results in an approximate 50 percent drop in NPV. This is if the economy performs in line with the IMF expectations. However, it noted that the IMF’s gross domestic product (GDP) forecasts appear to factor a somewhat unrealistic exc

Suspension on Perpetual Treasuries further extended by 6 months

The Central Bank yesterday extended the suspension on controversial primary dealer Perpetual Treasuries Limited by another six months.

NDB becomes first Sri Lankan bank to be ISO 27001:2022 certified

National Development Bank PLC (NDB) became the first Sri Lankan bank to be certified to the latest ISO 27001:2022, for its Information Security Management System. The ISO 27001:2022 certification is an internationally recognised standard for managing information security. Achieving this certification demonstrates NDB’s dedication to continuous improvement in securing data and managing information security. The rigorous certification process inv

Construction Power and Energy Expo 2024 kicks off in Colombo

Sri Lanka’s most focused construction, interior products, lighting, power and energy exhibition, Construction Power and Energy Expo 2024, kicked off in Colombo yesterday. The event, which provides a comprehensive platform for industry stakeholders, service providers and exhibitors to showcase their products and services, forge valuable connections and drive industry innovation, will be open till July 7, 2027, at the BMICH. The inauguration ceremo

ComBank adjudged as Best Bank in SL for 13th year by FinanceAsia

Commercial Bank of Ceylon has been reaffirmed as the Best Bank among Sri Lanka’s domestic banks by FinanceAsia, one of the world’s foremost information sources on the Asian financial markets. Notably, this is the 13th year that Commercial Bank has been bestowed this prestigious title by FinanceAsia. The Best Bank award was presented to Commercial Bank at the FinanceAsia Country Awards gala at Ritz Carlton in Hong Kong, on June 27. The bank’s Chie