SLASSCOM applauds Sri Lanka’s national digital economy strategy

Sri Lanka, a nation poised at the cusp of digital transformation, has taken a monumental step forward with the introduction of its national digital economy strategy.

Fact-based actions for healthy outcomes

The recent 10th session of the Conference of Parties (COP) to the World Health Organisation’s (WHO) Framework Convention on To

Prima KottuMee introduces spiciest Korean Ramen

In a bold move that is sure to excite spice enthusiasts across Sri Lanka, Prima KottuMee has announced the launch of its newest v

BOI honours Omega Line as Most Outstanding Exporter – Merchandise

The Board of Investment (BOI) of Sri Lanka recently commemorated its 45th anniversary with an inaugural awards ceremony, recognising companies with exemplary contributions to the nation’s economic landscape; among the distinguished re

President opens ‘Nihonbashi’ Japanese restaurant at Port City

President Ranil Wickremesinghe inaugurated the ‘Nihonbashi’ Japanese restaurant situated within the premises of Colombo Port City.

ASPI crosses the 12,000 mark

Indices closed in green as a result of price gains in counters such as Commercial Bank, Hatton National Bank and Sampath Bank with the turnover crossing Rs. 2.9 bn. High net worth a

Bullish sentiment prevails across short to mid tenors

The secondary market, reversing its consecutive dull sentiment, experienced a surge in buying activity, particularly in the short to mid tenors, following a contraction in weighted average yields observed across the board at the Treasury bill a

All maturities accepted after 11 auctions

The secondary market continued to witness thin volumes and limited activities for yet another day, with activities largely centered on the belly-end of the curve. Few trades took place prior to the Central Bank auction, with 01.06.26 trading at 11.15 percent, 01.08.26 trading at 11.14 percent, 15.12.26 trading at 11.34 percent, 01.05.27 trading at 11.80 percent, 15.09.27 trading at 11.90 percent whilst 15.03.28 and 01.

SL to host global ISO review meeting for tea in July

Sri Lanka is set to host the 34th plenary meeting of the International Standards Organization Technical Committee for tea on July 24.

Improved interest in SL as brands rethink strategies: JAAF

Sri Lanka’s apparel sector is witnessing a resurgence of interest, as brands reassess their purchasing strategies and are on the lookout for safe and secure homes to place their orders. The Joint Apparel Association Forum (JAAF) shared that the apparel manufacturers have had several high-profile visits from brands, as buyers are returning to the country to meet with the suppliers and to work on long-range plans with their suppliers. “This augurs

Indices continue the positive momentum

The ASPI closed in green as a result of price gains in counters such as Browns Investments, Hayleys and LOLC Holdings with the turnover crossing Rs 2.5 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Sampath Bank, John Keells Holdings, and The Colombo Fort Land & Building. Mixed interest was observed in Browns Investments, LOLC Finance and Capital Alliance whilst retail i

Port City says has made notable progress in attracting key investments

Port City Colombo in a statement yesterday said it has made significant progress in capturing key investments, as the project gears up for a tenacious drive to attract prospective land development and business set-up investors from the South Asian, APAC, and Middle Eastern regions before the end of 2024. With a strong emphasis on capturing high-value Foreign Direct Investments, Port City Colombo has on-boarded approximately forty-one companies re

Hayleys Solar opens Experience Centres in Negombo and Kandy

Hayleys Solar opened doors to two new Experience Centres in Negombo and Kandy recently. The Solar Experience Centres provide a comprehensive range of world-class solar products, including rooftop PV systems, batteries, and inverters. Visitors can also witness live demonstrations of solar-powered water pumps, solar-powered hot water systems, lighting systems, and PV systems in action. Hasith Prematillake, Managing Director of Hayleys Fentons Limit

FIT HIT 2024 concludes on a high note

The SLASSCOM FIT HIT 2024 initiative wrapped up recently, after a comprehensive two-month endeavour dedicated to promoting health and wellness in the IT/BPM industry. With over 300 participants from 25 plus companies, the event featured a variety of activities aimed at encouraging healthier habits and lifestyles in the tech industry. At the heart of FIT HIT 2024 were four dynamic webinars with a focus on nutrition, exercise, lifestyle, and over

Hemas Hospitals introduces Lab Portal

Hemas Hospitals has taken yet another step forward in enhancing patient care with the introduction of its online Lab Portal – a web platform designed to transform the way patients access and manage their lab reports and results. The Lab Portal empowers patients with the convenience of viewing both their historical and recent reports directly on their smartphones, offering a seamless and efficient approach to healthcare management. This is a firs

SDB bank announces bancassurance partnership with LOLC Life Assurance

SDB bank announced its new bancassurance partnership with LOLC Life Assurance Ltd. Through this partnership, customers can avail both banking and insurance services under one roof, thereby facilitating a seamless service experience for current and prospective clients. This initiative is expected to leverage the strengths of both entities, combining SDB Bank’s banking network with LOLC Life Assurance’s expertise in providing comprehensive insur

eChannelling partners with IOM Sri Lanka to promote Health Assessment Programme

eChannelling, has partnered with the International Organization for Migration (IOM) Sri Lanka to provide free online appointment booking for health assessments required for migration to the UK, Australia, Canada, and New Zealand. IOM delivers comprehensive health assessment programmes that are beneficial, accessible, and equitable for migrants and mobile populations. Through the new partnership, migrants can now comfortably book their IOM health

CMA Sri Lanka signs new Member Pathway Agreement with CPA Australia

The Institute of Certified Management Accountants of Sri Lanka (CMA Sri Lanka) expanded a pathway to all the CMA members to obtain the CPA Australia Qualification by renewing the Member Pathway Agreement (MPA) on 9th April, at the CMA Head Office, Colombo. With the signing of the New Member Pathway agreement, members of CMA Sri Lanka who completed the 2023 new syllabus could obtain the membership of CPA Australia by completing two core module

SL to submit GI application for Ceylon Tea by month-end

Sri Lanka is set to submit an application seeking Geographical Indication (GI) for Ceylon Tea from the European Union (EU) shortly, with expectations to secure the GI certification for Ceylon Tea in 2025. “We are about to submit the application. The deadline is April 30. We might get additional two days as a grace period. Everything is sorted out; it’s a matter of submitting the application now. However, it will take one to one and a half years f

ComBank crowned as Best Bank in Sri Lanka for 22nd year

Commercial Bank of Ceylon has been named as the Best Bank in Sri Lanka for the 22nd year in the World’s Best Banks 2024 list released recently by the US-based Global Finance magazine. Global Finance said its Best Bank Awards recognise financial institutions that offer the broadest range of services, long-term reliability and technological innovation. “The winners of this year’s awards are those banks that attended carefully to their customers’ ne

Tea Board optimistic about increased crop yield this year

espite the disappointing tea production in March this year, the Sri Lanka Tea Board (SLTB) is still hopeful of touching 260 million kilogrammes in production, with the roll out of the Rs.1.2 billion fertiliser subsidy scheme in the smallholder sector. “It’s really difficult to say. We are hopeful of a positive year but I see after the positive start in January and February, we had a setback in March; it wiped off all good of January and February.

Applied Graphite Technology eyes US $ 500mn by upgrading unprocessed graphite in SL

Vancouver-based Applied Graphite Technology (AGT) Corporation is eyeing a US $ 500 million annual sales revenue by upgrading unprocessed graphite in Sri Lanka to battery-quality graphite, through a processing facility. The company recently purchased the past-producing Queen’s Mine in Sri Lanka. Queen’s Mine is located between AGT’s two Dodangaslanda graphite properties and it is set to be amalgamated into the Queens Mine Complex. The company is i

RPCs await official word on lease extension, oil palm ban lift

Sri Lanka’s Regional Plantation Companies (RPCs) are waiting for the official communication on the lease extension and lifting of the oil palm ban, to move ahead with their investment plans. “It was reported that an expert committee has made a request to lift the ban but nothing has been officially communicated to us,” Planters’ Association of Ceylon Chairman Senaka Alawattegama told Mirror Business. Similarly, he noted that the RPCs have submit

Threads of Resilience

Sri Lanka’s apparel sector has long been celebrated for its resilience, consistently overcoming challenges to emerge as a pivotal revenue driver for the nation. Yet, the sector now finds itself navigating uncharted waters amidst the global pandemic and economic downturn, grappling with unforeseen obstacles compounded by governmental missteps and a turbulent global economy. In an exclusive interview with Mirror Business, Yohan Lawrence, Secretary

Tourism industry mourns loss of Prema Cooray

Sri Lanka’s tourism sector is grieving the loss of a stalwart this week, as industry veteran Prema Cooray passed away.

Cartoon of the Day 24-04-2024

Cartoon of the Day 24-04-2024

Sri Lanka Telecom to refocus and consolidate during 2024

Sri Lanka Telecom has noted that as its group financial performance fell in year 2023, they expect to refocus and consolidate....

Ceylon Grain Elevators explores new overseas markets for growth and stability

Ceylon Grain Elevators (CGE) PLC, the largest operator in the poultry industry in Sri Lanka, shared that it is looking....

Visa recognises ComBank for excellence in launch of Corporate cards

Visa, the global payment solutions company, honoured Commercial Bank of Ceylon for ‘Excellence in Launch of Affluent....

HNB and CICRA Campus in financing partnership

HNB PLC, Sri Lanka’s leading private sector bank, announced its partnership with CICRA Campus, a renowned higher...