45 Japanese business personnel in Sri Lanka

Rowelmark Group, a leading Sri Lankan conglomerate, announced the arrival of the Hanabi Tour, a group of 45 Japanese business personnel, to Sri Lanka.

Port City Colombo spearheads growth of IT industry in Sri Lanka

Port City Colombo is progressively facilitating the growth of a robust digital ecosystem that would uplift the Sri Lankan economy.

Thought leadership at Sri Lanka Design Festival – Vital conversations on apparel, tourism, craft innovation with global and local industry leaders

Sri Lanka is at a pivotal point. Its resilient human resource, rich heritage and natural beauty have paved the way for economic successes in apparel, craft-based innovation and retail, as well as tourism. But, to meet the country’s new economic challenges and the changing market demands, these potent industries must reach beyond low-hanging fruit and strategically elevate their offer to respond to the call for sustainability, customisability, tra

National consumer prices fall 0.2%

The national consumer prices fell into deflation in September, after the food prices cooled, while the fuel prices took away much of the heat on the non-food price inflation during the last few months.

ADB, Japan lead SL’s foreign financing in first eight months of 2024

Japan and the Asian Development Bank (ADB) emerged as the largest bilateral and multilateral creditors to Sri Lanka during the first eight months of the year, according to the Finance Ministry.

SL set to be removed from IMF’s surcharge list of countries from November

Sri Lanka is set to be removed from the International Monetary Fund’s (IMF) surcharge list of countries, once the multilateral lender’s latest lending reforms come into effect from November 1 of this year.

Economic recovery to boost finance and leasing companies in FY25: Fitch Ratings

Sri Lanka’s finance and leasing companies (FLCs) are set to benefit from the country’s economic recovery, moderating inflation and lower interest rates, Fitch Ratings said in a recent report, projecting improved performance for the financial year ending March 2025 (FY25).

Week begins on a mixed note

The ASPI edged down as a result of price losses in counters such as Hayleys, Central Finance Company and Royal Ceramics with the turnover crossing Rs. 1.4 Bn. Meanwhile, the S&P SL20 edged up.

Bulls tap brakes as week unfolds

The bullish sentiment in the secondary market moderated slightly yesterday, marked by marginal profit-taking and notably thin trading volumes, in anticipation of the upcoming Rs.125.0 billion T-bill auction slated for October 23, 2024.

DH Ceylon Energy unveils 110MW Solar Park

DH Ceylon Energy Pvt Ltd, a subsidiary of Ceylon Energy (PTE) Ltd and DH Energy (SG) PTE. LTD Singapore in a landmark collaboration with Southern Nexus Pvt Ltd, announced the inauguration of Project Apollo, a transformative 110MW solar park located in Hambanthota.

Alumex integrates smart AI solutions for seamless customer journey

Transitioning to a dynamic, interactive platform, Alumex PLC, has relaunched its official website, www.alumexgroup.com powered by AI, designed to provide a convenient, personalised experience.

CryptoGenSOC achieves SOC 2 Type 2 attestation

CryptoGen, the largest local cyber security focused service provider and advanced security technology integrator announced that its Security Operations Center (SOC) has successfully achieved the SOC 2 Type 2 compliance and attestation.

SLID appoints Anitra Perera as CEO

The Sri Lanka Institute of Directors (SLID) announced the appointment of Anitra Perera as its new Chief Executive Officer (CEO), effective September 2024. With a distinguished career in education, strategic consulting, and leadership, Perera brings a wealth of experience that will be instrumental in advancing the mission of SLID.

HNB Procurement Function earns ISO 9001:2015 Certification

HNB PLC has further strengthened its position as a leader in service excellence with the achievement of ISO 9001:2015 certification for its Procurement Functions coming under Banking Services Department.

LOLC Life Assurance wins ‘Best Customer-Oriented Company Award’

LOLC Life Assurance has been honoured with the Best Customer-Oriented Company of the Year award at the 4th Emerging Asia Insurance Awards.

JXG prioritizes employee well-being during Breast Cancer Awareness Month

Janashakthi Group (JXG) in collaboration with Asiri Health organized a webinar in honour of the ‘Breast Cancer Awareness Month’, this October.

Food Studio opens first stand alone food outlet at BIA

Food Studio (Pvt) Ltd celebrated 6 years of being a leading force in Sri Lanka’s culinary landscape by announcing the opening of its first stand alone restaurant at the Bandaranaike International Airport.

LCI enters new era with major machinery upgrades and strategic partnership

Lanka Corrugated Industries Ltd. (LCI) is entering a new phase of growth with a substantial upgrade in capacity and technology.

Elephant House launches ‘Superheroes’ to empower youth in F&B industry

Elephant House and Keells Food Products, subsidiaries of John Keells Group, in collaboration with the Ministry of Education’s ‘Magaharunu Padama’ vision announced the launch of Elephant House Superheroes,

Exterminators receives ‘Great Place to Work’ title for three consecutive years

Achieving the coveted title of a ‘Great Place to Work’ for three consecutive years, along with its remarkable milestone in 2021 as Asia’s first pest control company to earn this certification, Exterminators PLC has exemplified the values of commitment, inclusivity, and employee-centricity.

Nawaloka Hospitals celebrates anniversary with AI-driven healthcare initiatives

Nawaloka Hospitals PLC recently commemorated its 39th anniversary by launching South Asia’s first AI-powered Radiology Centre, a groundbreaking move set to revolutionize healthcare in Sri Lanka.

Tensions in Middle East likely to pose risks to economy and fiscal operations: Finance Ministry

The Ministry of Finance outlined that recent tensions in the Middle East are likely to pose risks to the Sri Lankan economy and fiscal operations.

SL surpasses IMF annual primary surplus target

Sri Lanka has exceeded IMF’s annual primary surplus target with the primary surplus reaching estimated 2.1 percent of GDP during the first eight months of the year.

Arjuna Herath appointed BOI Chairman 

The Board of Investment of Sri Lanka (BOI) has officially appointed Arjuna Herath as its new Chairman. Herath succeeds Dinesh Weerakkody, who held the position for two years.

Spa Ceylon wins big at World Luxury Awards

Sri Lanka’s luxury lifestyle brand Spa Ceylon has won three titles at the 2024 World Luxury Awards, putting the island nation under fresh spotlight

Fitch downgrades Kotagala Plantations to ‘CCC(lka)’

Fitch Ratings has downgraded Kotagala Plantations PLC’s National Long-Term Rating to ‘CCC(lka)’, from ‘B+(lka)’, and its listed unsecured debentures of Rs. 251 million due between the financial years ending March 2025 (FY25) and FY27 to ‘CCC-(lka)’, from ‘B+(lka)’.

Dambulla Cave Temple draws international visitors

International visitors tour the historic Dambulla Cave Temple in Sri Lanka, a UNESCO World Heritage site, as the country experiences a steady inflow of tourists

LB Finance Sept. earnings offer glimpse into easing financial conditions & lowering credit costs

Coming out with the first batch of earnings reports for the September quarter, LB Finance PLC offered a glimpse into how the financial intermediaries fared during the foregoing quarter characterised with further decline in interest rates, recovering economy and the broadening in the lending mix.

Home Lands Group to conduct first-ever Sri Lanka Property Investment Forum in Australia

Home Lands Group of Companies, Sri Lanka’s leader in real estate development, is set to make history by becoming the first Sri Lankan developer to conduct a Property Investment Forum in Australia, to create interest in residential investment options in Sri Lanka.

Abans launches Apple iPhone 16 series today

Abans, the authorised Apple reseller and authorised service provider in Sri Lanka, is launching the Telecommunications Regulatory Commission of Sri Lanka-approved iPhone 16 series, inclusive of iPhone 16, iPhone 16 Plus, iPhone 16 Pro and iPhone 16 Pro Max, in Sri Lanka today.