Sri Lanka tops best places for solo female travel in 2024

Sri Lanka has claimed the coveted title of the number one destination for solo female travellers in 2024, according to Timeout...

Sampath Bank appoints Keith Modder to director board

Sampath Bank PLC yesterday announced the appointment of Keith Modder as an Independent, Non-Executive Director....

Cartoon 03.04.2024

Cartoon 03.04.2024

Sri Lanka to get energy efficiency testing lab with South Korean support

Sri Lanka will soon see the addition of a laboratory for energy efficiency testing of air conditioners, with the government of South Korea agreeing to support the endeavour.

CA Sri Lanka Kuwait Chapter launches ‘The Hub’ magazine

Embarking on a journey of connectivity, the Kuwait Chapter of the Institute of Chartered Accountants of Sri Lanka....

Ceylinco Life rewards superstars

Ceylinco Life has celebrated two decades of market leadership in Sri Lanka with a pledge to strive for another decade....

LB Finance holds Battle of Minds 2024

LB Finance celebrated the successful conclusion of its first-ever mega quiz competition, Battle of Minds 2024. The grand finale....

UltraTech Cement sponsors Isipathana College Rugby 2024

UltraTech Cement, a prominent figure in the industry, has made a commendable stride by signing on as the Platinum sponsor...

SEC and CSE conduct Dambulla Investor Forum

The Securities and Exchange Commission of Sri Lanka (SEC) in collaboration with the Colombo Stock Exchange....

JETRO Colombo focuses on sustainable development through Japanese technologies

Japan External Trade Organisation (JETRO) organised a seminar themed ‘Sustainable Development Through Japanese....

Embracing future of mobility: How new energy vehicles are powering a greener future

In the landscape of modern mobility, a quiet revolution is underway, reshaping how we navigate our lives and interact with our....

Teejay supports reforestation of Maskeli Oya banks

Leading textile manufacturer Teejay Lanka PLC has pledged funding support towards part of the reforestation of a nine-kilometre....

Neptune Recyclers and Elephant House combat plastic pollution

Neptune Recyclers, Sri Lanka’s leading enabler in recyclable waste management and Elephant House, trading as Ceylon...

Ceylinco Life collects 732kgs trash off Crow Island beach

The staff of the head office of Ceylinco Life and their families took a shocking 732 kilogrammes of harmful pollutants and ....

Rockland’s journey to being only distillery to obtain Green certificate

The commitment to sustainability at Rockland Group dates back to 1924, with the establishment of our first distillery....

Exporters call for urgent action on rupee appreciation

Five leading export associations have called on the authorities to tackle the pressing challenges posed by the Sri Lankan rupee’s appreciation against the US dollar.

Local milk powder consumption slowly increasing: Maliban

Sri Lanka’s monthly milk powder consumption, which almost halved following the economic crisis, due to the price escalation, is witnessing a slight increase, a senior industry representative said.

Taxation through time

In the discussion of old tax systems, it is an essential to draw attention towards ideas expressed by the various religious leaders, scholars, writers and archaeologists. According to the Aggaghagha Suthra in the Deegha Nikaya , the concept of the tax system initiated with the preachings of the Lord Buddha. In the Arthashastra published by the Kautilya, as well as in Manusmrutiya, one of the oldest books of Bharatha, it well analyzed the tax s

ComBank partners with IFC to develop Supply Chain Financing strategy

The Commercial Bank of Ceylon has announced a collaboration with the International Finance Corporation (IFC) to build a Supply Chain Financing (SCF) strategy that will enable the bank to lend more to Small and Medium Enterprises (SMEs) and establish itself as a leading SCF bank in Sri Lanka. IFC has identified Commercial Bank as a strategic banking institution in Sri Lanka to take the position as a leading SCF bank, given its prominent presence i

Karthikeyan appointed as a Principal for KPMG Sri Lanka

KPMG Sri Lanka, a member firm of the KPMG network of independent member firms has appointed Karthikeyan Somasundaram as a Principal of the firm with effect from 01 April 2024. Karthik’s experience with KPMG spans over 17 years with his primary focus in Deal Advisory specializing in Transaction Services. During his tenure, Karthik also served as the Resident Director for Advisory and Tax in KPMG Maldives for a period of 4 years. Currently in addit

E.B. Creasy inks MoU with Agarapatana for multi location rooftop solar project

E.B Creasy Solar recently announced a landmark partnership with Agarapatana Plantations PLC to install rooftop solar power generation arrays, with a cumulative installed capacity of 1.38MW, at 10 tea factories operated by the latter. This will be a milestone project through which E.B. Creasy Solar will assist Agarapatana Plantations in harnessing the power of the sun to reduce its carbon footprint and minimize its reliance on electricity from the

World’s largest climate fund accredits MTI as observer organization

The Green Climate Fund (GCF), the world’s largest climate fund, has accredited MTI Consulting as an Observer Organization. The Green Climate Fund is the world’s largest climate fund, mandated to support developing countries to realize their Nationally Determined Contributions (NDCs) based on the Paris Agreement to move towards low-emissions and climate-resilient pathways. GCF operates through a network of over 200 Accredited Entities and delivery

Amana Takaful General Insurance sustains impressive growth trajectory in 2023

Amana Takaful Insurance PLC (General) celebrates another year of notable growth, marking its third consecutive year as one of the fastest-growing insurance companies in Sri Lanka. Demonstrating resilience and strategic prowess, the company achieved a staggering 28 percent year-on-year increase in Gross Written Premiums (GWP) in 2023, propelling its revenues to an impressive Rs. 4.29 billion during the review period. This extraordinary growth spa

BNI expands network covering key regions

BNI (Business Network International) Sri Lanka is expanding its footprint through the establishment of chapters beyond Colombo, with a view of empowering entrepreneurs in key regions. Amidst economic challenges, BNI has currently played a pivotal role in generating 3.6 billion worth of business over the past 12 months, showcasing its resilience and impact in driving business amongst its members. The success of BNI in generating substantial busine

Laugfs Gas announces massive price drop in domestic LPG

Laugfs Gas PLC yesterday announced a substantial reduction in the prices of its Laugfs-branded domestic liquefied petroleum gas (LPG), effective midnight.

Expolanka gets new leadership

Expolanka Holdings yesterday announced the appointment of Bokuto Yamauchi, a seasoned industry expert with a wealth of experience in logistics, as Group CEO of Expolanka Holdings and President of EFL Global. Yamauchi takes over the position from Hanif Yusoof, who stepped down as Group CEO yesterday. He will serve on the board as an Executive Director. In a statement to the media, Expolanka said Yamauchi’s appointment reflects the entity’s commit

Inflation likely to rise in April as favourable base effects disappear

Inflation, measured by the officials’ preferred gauge Colombo Consumer Price Index (CCPI), falling to a surprisingly lower level of 0.9 percent in the year through March 2024, from 5.9 percent in February, has left many questioning the validity of the numbers. Reason is, it is too good to be true, given that the majority have not felt this impact on their pocketbooks. However, this is in fact the true inflation in Sri Lanka, as inflation is the p

President orders review of Central Bank salary hike

Establishes a seven-member independent remuneration committee The increase in staff remuneration at the Central Bank, which came under harsh criticism, will be reviewed, as per the orders of President Ranil Wickremesinghe. To assess the review, Wickremesinghe has appointed an independent remuneration committee. Its members include Dinesh Stephen Weerakkody, Arjuna Herath, Indrajit Coomaraswamy, Sudharma Karunarathne, Anthony Nihal Fonseka, Anushk

Construction sector activities gather momentum as infrastructure projects return

The construction sector, which picked up at the start of the year, is seen gathering pace as the Purchasing Manager’s Index (PMI) compiled only for the sector showed continued expansion in February.

Tourist arrivals cross 600,000 mark within three months

Tourist arrivals to Sri Lanka surged past the 600,000 mark by 27 March, in nearly half the time compared to last year. Provisional data from the Sri Lanka....