November tea production expands 12.7% YoY

Sri Lanka’s tea industry recorded a boost in November with production climbing to 22.3 million kgs. This is a 12.7 percent increase from 19.78 million kgs in the same month last year. This rise also marked a 9.5 percent improvement over the 20.36 million kgs produced in November 2022.

Comfort Mattress Lanka invests US$ 25mn in Hambantota port’s industrial park

Comfort Mattress Lanka (Pvt) Ltd. has announced a US$25 million investment to set up a sponge mattress manufacturing facility at the Hambantota International Port’s (HIP) industrial park, becoming the first investor to take advantage of HIP’s recent push to expand its container operations.

Indices close on a mixed note

The ASPI closed in green as a result of price gains in counters such as Ceylon Cold Stores, Piramal Glass and John Keells Holdings with the turnover crossing Rs. 5.8 bn.

Profit taking emerges post auction

The secondary market yield curve witnessed increased profit taking yesterday, as the yield curve edged upwards, slightly.

Hayleys Energynet-Hengyang partner for a greener energy future

Hayleys Energynet has entered into an exclusive strategic partnership with Hengyang Ritar Power Co., Ltd, a global leader with 20+ years of experience in advanced energy storage technology.

Family Movers celebrates 35 years

Family Movers (Pvt.) Ltd, the leading all-in-one relocation service provider in Sri Lanka, will be celebrating its 35th anniversary this year.

Magic Mango caps off another year of creative success

The Magic Mango Group marks yet another year of success, celebrating the two most awarded and recognised campaigns of the year.

CIC launches Besto eggs

CIC has introduced its latest innovation, CIC Besto Omega 3 eggs, to the Sri Lankan market, catering to the consumers seeking nutrient-dense, high-quality eggs.

NDB Bank wins high at National Sales Awards 2024

NDB Bank celebrates a momentous achievement at National Sales Awards (NSA) 2024, organised by the Sri Lanka Institute of Marketing (SLIM).

Savi Lands celebrates 13 years in real estate industry

Savi Lands celebrates 13 years in the real estate industry, with a total of 56 residential projects, 15 infrastructural projects and more than 1500 clients.

AIA Sri Lanka Sets New Benchmarks in Workplace Culture

AIA Sri Lanka continues to redefine the standard for workplace excellence in Sri Lanka, celebrating a remarkable series of wins that affirm its standing as a leading employer and a company that prioritises the happiness and wellbeing of its employees. AIA has been honoured as one of Sri Lanka’s Best Workplaces by Great Place To Work®, making it the only life insurer to achieve this recognition for 12 consecutive years.

Sri Lanka’s leap as a hub for transnational education and global opportunities

A recent report by the British Council revealed that Sri Lanka is now the second largest transnational education (TNE) partner for the UK, with the island accounting for an impressive 10 percent UK TNE enrolments in the recent academic period.

Govt. secures IMF nod to raise PAYE threshold to Rs.150,000

The government has reached an agreement with the International Monetary Fund (IMF) to raise the income tax-free threshold to Rs.150,000 per month, from the current Rs.100,000, a move aimed at providing relief to the lower-income groups.

Defaulters of small loans offered restructuring option till December 2025

The borrowers with loans below Rs.25 million would be given the option of restructuring until December 2025, President Anura Kumara Dissanayake said.

November tea exports decline by 6.4% YoY

Sri Lanka’s tea exports for November 2024 fell to 20.07 million kilogrammes (M/Kgs), a 6.4 percent decline, from 21.46 M/Kgs in November 2023.

Sri Lanka among top five most popular Asian destinations for Russian tourists

Sri Lanka continues to rank among the top five most popular Asian travel destinations for Russian tourists, with a record number expected to visit during the winter season, according to Yandex, one of Europe’s largest internet companies based in Russia.

Cartoon 19.12.2024

President says Adani Group’s global troubles won’t affect SL’s investment decisions

While controversies revolve around India’s Adani Group, President Anura Kumara Dissanayake has placed on record that his government is not concerned with Adani Group’s dealings with other countries.

Indices close on a positive note

The ASPI closed in green as a result of price gains in counters such as Hatton National Bank, Diesel & Motor Engineering and CIC Holdings with the turnover crossing Rs. 6.0 Bn.

Auction yields slump down across board

The Central Bank of Sri Lanka conducted its weekly T-bill auction yesterday, successfully raising Rs.185.0 billion, with the total offered amount being fully accepted across all maturities.

Agromet Asia triumphs at NCE Annual Export Awards

In a stellar achievement, Agromet Asia (Pvt) Ltd, has been honoured with two awards at the NCE Annual Export Awards 2024 held on 06 December at Shangri-La Hotel Colombo.

Hemas Consumer Brands wins at SLIM Brand Excellence Awards

Hemas Consumer Brands (HCB) has yet again reinforced its leadership in Sri Lanka’s Fast Moving Consumer Goods (FMCG) sector, emerging victorious at the SLIM Brand Excellence Awards 2024.

McLarens launches 3M ceramic coating

McLarens group, the distributor of premium 3M automotive products in Sri Lanka announced the long-awaited 3M ceramic coating launch.

PATA CEO to attend Tourism Awards Ceremony 2024

The Sri Lanka Tourism Development Authority (SLTDA), in collaboration with the Sri Lanka Tourism Promotion Bureau (SLTPB), has invited Noor Ahmad Hamid, the Chief Executive Officer of the Pacific Asia Travel Association (PATA), to visit Sri Lanka from December 19th to 21st.

Pelwatte Dairy announces special seasonal consumer promo on salted butter

Pelwatte Dairy Industries Limited (PDIL) announced an exclusive consumer promotion for its salted Butter 200g pack.

Home Lands Skyline Triumphs Again as Sri Lanka’s Best Developer

Home Lands Skyline reaffirmed its status as the undisputed leader in real estate development in Sri Lanka by winning the prestigious “Best Developer – Sri Lanka Award” at the PropertyGuru Asia Property Awards, held recently at the Athenee Hotel, Bangkok, Thailand on 13th December 2024.

OKI DOKI wins Silver at National Logistics Awards

OKI DOKI, a digital transportation solutions provider, and a subsidiary of Expolanka Holdings, secured a Silver Award in the Transport category at the National Logistics Awards 2024.

Pan Asia Bank, NCCSL, NEDA partner to recognise emerging entrepreneurs

Pan Asia Bank has been a pivotal partner of the Western Province Entrepreneur Awards 2024.

NSB triumphs at CMA Excellence in Integrated Reporting Awards

National Savings Bank (NSB) has once again proven its commitment to transparency, accountability, and outstanding corporate reporting by securing two prestigious accolades at the CMA Excellence in Integrated Reporting Awards 2024.

Socomec forms strategic alliance with Venora Group

Socomec, a France-based specialist in low voltage power management with over a century of expertise, has announced a strategic partnership with Boxy Private Limited, a subsidiary of the Venora Group—one of Sri Lanka’s leading players in Electrical Engineering and Telecommunication.