Celebrating the Season at Blue Orbit by Citrus

As the holiday season approaches, Blue Orbit by Citrus invites guests to celebrate high above the Colombo skyline with a dining experience like no other. Located at the top of the Colombo Lotus Tower, this revolving restaurant — the tallest in Sri Lanka and South Asia — promises gastronomic indulgence and breathtaking 360-degree views of the city below.

HNB Legacy Open Golf Tournament swings into action at Nuwara Eliya Golf Club

The HNB Legacy Open 2024, held at the picturesque Nuwara Eliya Golf Club, concluded on 28th September, following an 18 hole game of thrilling competition

Pelwatte Dairy celebrates Children’s Day with special Ice Cream Truck event

In a heartwarming initiative to celebrate Children’s Day, Pelwatte Dairy Industries Limited hosted a joyful ice cream truck event that brought happiness to children in Wanathamulla (Sirisara Uyana), Mattakuliya, and Dematagoda (Dematagoda Mihindusen Pura).

Imperial establishes offshore LPO firm in Sri Lanka

Imperial Advisers has commenced operations in Sri Lanka, establishing an offshore Legal Process Outsourcing (LPO) firm aimed at catering to the unique needs of practicing lawyers, law firms, and other entities involved in legal transactions. The firm offers a range of services, including administrative support, finance support, operational support, and an outsourced client services team.

Sampath Bank marks milestone with 25th tank restoration

Sampath Bank announced the commencement of the restoration of its 25th tank under the bank’s flagship sustainability initiative, the ‘Wewata Jeewayak’ tank restoration programme with the technical support of Mahaweli Authority of Sri Lanka recently.

NDB Bank and NEDA partner to empower MSMEs with ‘SME Connect’ online platform

In an effort towards fostering digital innovation and supporting small businesses, National Development Bank PLC (NDB) has partnered with the National Enterprise Development Authority (NEDA) to facilitate the “SME Connect” online platform.

Jaffna University welcomed into CFA Institute University Affiliation Programme

The University of Jaffna has become the latest institution to be welcomed into the CFA Institute University Affiliation Programme.

Mandarina Colombo’s Southern Delights Dinner Buffet presents a culinary extravaganza

The Southern Delights dinner buffet at Mandarina Colombo was a culinary extravaganza that delighted guests on the 11th and 12th of October, 2024. Hosted at the elegant Mandarina Colombo, the buffet showcased an array of delectable dishes inspired by the diverse flavors of the Southern region.

Pursuing global higher education dreams with Trinity International

In today’s constantly evolving and fast-paced world, staying abreast with the latest trends in education is of vital importance. Once primary and secondary education is complete, many students now look for the most competitive, affordable and globally recognized opportunities to pursue their tertiary education dreams.

Temenos signs Multi-Country Model Bank development agreement with Bahwan CyberTek

Temenos announced that it has signed a Multi-Country Model Bank development agreement with Bahwan CyberTek (BCT), a global digital transformation company. Temenos Country Model Banks offer financial institutions a faster go-live experience with Temenos solutions, while simultaneously reducing costs and risks through pre-configured banking functionality and country-specific localization.

Curtin Colombo students showcase diverse prowess along with academic excellence

Curtin Colombo, the global partner of Curtin University Australia provides a vibrant environment for future leaders to excel in multiple arenas. Recognised as a transformative educational hub, Curtin Colombo is nurturing a new generation of leaders who are making waves in their studies and on the sporting field.

SL’s unemployment declines despite crises: IPS research But productivity and youth inactivity deteriorate

Sri Lanka’s labour market has seen an unexpected shift with unemployment rates decreasing slightly over the years despite the country undergoing a series of crises since 2019, according to research conducted by the Institute of Policy Studies (IPS).

Tea sector posts gains as September output increases

Sri Lanka’s tea production saw a significant increase in September 2024, with total output reaching 24.13 million kilograms, a rise of 5.23 million kilograms compared to the 18.90 million kilograms produced in the same month last year, according to industry data. The production increase was observed across all elevations when compared to September 2023.

Cautious foreign investment poses liquidity risks: CB

Foreign investor sentiment towards Sri Lanka’s money and capital markets remains cautious, leading to subdued investment inflows, according to the Central Bank’s Financial Stability Review 2024.

Oil prices flat as investors await US data

REUTERS - Oil prices were broadly flat yesterday as investors waited on developments in the Middle East, the release of official U.S. oil inventory data and details on China’s stimulus plans.

British High Commission launches trade mission for women-led SMEs

The British High Commission in Colombo in collaboration with the International Trade Centre (ITC) and the Export Development Board (EDB) has organised a five-day trade mission aimed at promoting Sri Lankan women-led businesses in the UK market.

SOEs need empowered CEOs, less hype on Chairpersons - MTI

It is certainly encouraging and augurs well that the government has brought in top professionals of high integrity to be Chairpersons of SOEs. However, the government should pay greater attention to the caliber of CEOs in the State-Owned Enterprises (SOEs), because they are the ones who run the business and are responsible for the bottom line. It is the CEOs who need to be empowered and should be the center of attention, not the Chairpersons, acc

Rootcode targets tenfold growth over the next decade

Rootcode, a Sri Lankan-owned global software product engineering firm, is aiming to expand its business tenfold over the next decade, following its first ten years of growth, particularly in European and North American markets. The company, which celebrated its 10th anniversary last week at its Colombo headquarters, has set its sights on becoming a 1,000-employee firm in the next decade, said Rootcode Founder and CEO Alagan Mahalingam.

DIMO and SDF boost farmers’ access to modern equipment

DIMO, a leading diversified conglomerate in Sri Lanka, has recently partnered with Sarvodaya Development Finance (SDF) to provide accessibility to high-quality agricultural equipment for small and medium-scale farmers. The objective of this partnership is to elevate the agriculture industry’s mechanisation to further develop efficiency and productivity.

Radisson Hotel Kandy achieves Safehotels certification

Radisson Hotel Kandy joins Radisson Blu Resort Galle and Radisson Hotel Colombo in achieving the prestigious Safehotels certification.

USAID-Cargills partnership drives agricultural innovation with Kist high-tech tomato outgrower project

The tomato outgrower project, launched in November 2023 by Kist, in partnership with the United States Agency for International Development (USAID) CATALYZE Sri Lanka Private Sector Development Activity, has made significant progress.

Hutch introduces data roaming deals

Hutch, one of Sri Lanka’s leading mobile network service providers, continues to strengthen its position as the preferred and most affordable choice for outbound data roaming services, with its extensive global coverage. Offering flexible plans, Hutch data roaming caters to both short and long-duration travellers for leisure, business, pilgrimage or education.

Ceylinco General Insurance conducts islandwide 100km beach clean-up project

Ceylinco General Insurance recently organised an islandwide beach clean-up programme along the coastline of Sri Lanka, covering over 100 kilometres, with the participation of its staff from its islandwide branches and the head office.

Riococo recognised with 6 Stevie International Awards

Riococo, a true Sri Lankan company and leader in sustainable coir-based horticulture solutions, celebrated a major milestone at the 21st annual International Business Awards, also known as the Stevie Awards, held recently at InterContinental Hotel in Istanbul, Turkey.

David Pieris Automobiles delivers first set of BAIC X55 II SUVs in Sri Lanka

David Pieris Automobiles (Private) Limited (DPA) successfully delivered the first set of BAIC X55 II SUVs to its customers.

StanChart SL sets national benchmark as only EDGE Movecertified organisation in Sri Lanka

Standard Chartered Sri Lanka has announced a milestone achievement, obtaining the EDGE Move certification for the second consecutive time, in its commitment to nurture gender equality in the workplace.

SLID’s first-ever International Director Conference to inspire leaders

The Sri Lanka Institute of Directors (SLID) is set to host the highly anticipated International Director Conference on October 29, 2024, at Oak Room, Cinnamon Grand Hotel, Colombo, from 9:00 a.m. to 5:00 p.m.

NDB Bank honours Sri Lanka’s pensioners

On the National Pensioners’ Day celebrated on October 8, National Development Bank PLC (NDB) extended its heartfelt gratitude and admiration to all the pensioners across Sri Lanka for their tireless dedication and contribution to our motherland.

Siyapatha Finance extends islandwide reach to Matugama

Siyapatha Finance PLC recently opened its 51st branch in Matugama, advancing on its efforts to extend the company’s reach across the island nation.

CA Sri Lanka pays tribute to three veteran Chartered Accountants

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently paid tribute to three distinguished Chartered Accountants for their remarkable contributions to the corporate, society and country spanning many decades.