NDB WriztPay wins Global Banking & Finance Excellence in Innovation Award

National Development Bank PLC (NDB) announced that its revolutionary NDB WriztPay offering has won the prestigious Excellence in Innovation—Payments award at Global Banking and Finance Awards 2024, in the United Kingdom.

John Keells Stock Brokers unveils new logo

John Keells Stock Brokers (JKSB), one of Sri Lanka’s leading equity brokerage firms, announced the unveiling of its new logo as part of a broader rebranding effort.

HNB General Takaful honoured with Takaful Window/Unit of the Year 2023/24 Award

HNB General Takaful, the Islamic insurance division of HNB General Insurance, has been awarded the prestigious Takaful Window/Unit of the Year 2023/24 award, at the Sri Lanka Islamic Banking and Finance Industry Awards (SLIBFI).

ComBank partners Capital Trust Properties to make home-owning dreams a reality

A collaboration between Commercial Bank of Ceylon and Capital Trust Properties, the leading real estate brokering company in Sri Lanka, has opened up exciting new possibilities for Sri Lankans seeking to buy homes.

MasterChef Australia Season 16: A Culinary Journey on Dialog Television

Embark on a culinary adventure as the latest season of MasterChef Australia is now airing on Dialog Television. The show premiered on 23rd September and airs every Monday to Friday at 8:00 PM on STAR MOVIES HD (Ch No 115) and STAR MOVIES SELECT HD (Ch No 119).

SLFFA gears up for National Logistics Awards 2024

The National Logistics Awards (NLA), an esteemed national level awards ceremony for the logistics industry, will be held on October 23, at the Main Ballroom of Shangri-La Hotel, Colombo.

Nishani Ranaweera honoured with CEO of the Year 2024 award

Diligent Consulting Group (Pvt.) Ltd Co-Founder and Group Managing Director Nishani Jayasinghe Ranaweera was conferred with the CEO of the Year 2024 award at Sri Lanka Business Leaders Awards 2024, held at Taj Samudra, Colombo, recently.

Harsha Jayatunga appointed as Sierra Cables Executive Director

Sierra Cables PLC announced the appointment of Harsha Jayatunga as Executive Director/CEO. This significant milestone recognises his instrumental role in the company’s growth and continued success since he first joined Sierra Cables in 2019.

SLCBC delegates meet PM ahead of Canada mission

The Sri Lanka-Canada Business Council (SLCBC) delegates yesterday held a pivotal briefing session with Prime Minister Dr. Harini Amarasuriya, ahead of their official mission to Canada.

DFCC Aloka supports WCIC Prathibhabhisheka Women Entrepreneur Awards 2024

DFCC Bank continues to strengthen its role as a key advocate for female entrepreneurship, as DFCC Aloka partners with the Women’s Chamber of Industry and Commerce (WCIC) as the Diamond Sponsor, Banking partner for WCIC Prathibhabhisheka – Women Entrepreneur Awards 2024.

Fitch evaluates SL’s rating with debt restructuring in final stages

Fitch Ratings has signalled that it may move Sri Lanka’s Issuer Default Rating (IDR) out of ‘Restricted Default’ (RD), once the country completes its commercial debt restructuring, which the agency believes would restore its relationship with the international financial community.

Concerns rise over heavy metal contamination in coconut oil ACTCOMA demands regulatory action

Amid the growing concerns about the dumping of chemically refined oil labelled as coconut oil in the local market, the government is urged to establish a transparent mechanism to differentiate chemically refined oil from natural coconut oil.

Selyna Peiris appointed as Independent Director on WFTO global board

Selyna Peiris has been appointed as an Independent Director on the global board of the World Fair Trade Organisation (WFTO). Peiris, an attorney-at-law and development practitioner, serves as Director Business Development and Next-Generation Lead at Selyn Exporters (Pvt.) Ltd, Sri Lanka’s only fair trade handloom company.

Tourist arrivals near 26,000 in first 6 days of October

Sri Lanka welcomed 25,966 tourists in the first six days of October, marking a rather slow start for the month, ahead of the winter season, the Sri Lanka Tourism Development Authority (SLTDA) data showed.

Cartoon 10.10.2024

Wealthiest 20% enjoy half of SL’s pension benefits: IPS

A recent study conducted by the Institute of Policy Studies (IPS) highlighted a significant disparity in Sri Lanka’s Public Service Pension distribution scheme, revealing that around 50 percent of the pension benefits were enjoyed by the wealthiest 20 percent of the population.

Indices close on a negative note with foreign buying

The ASPI closed in red as a result of price losses in counters such as Sampath Bank, Hayleys and DFCC Bank with the turnover crossing Rs. 2.1 Bn. Meanwhile, the S&P SL20 edged down. High net worth and institutional investor participation was noted in Citizens Development Business Finance, John Keells Holdings and Hatton National Bank. Mixed interest was observed in Sampath Bank, Commercial Bank and Dialog Axiata whilst retail interest was noted i

T-bill auction rates experience notable declines

At the T-bill auction held yesterday, the Central Bank fully accepted the bills offered totalling Rs.85.0 billion.

Nawaloka Hospitals bags Merit at National Business Excellence Awards

In recognition of its resilience and commitment towards healthcare, Nawaloka Hospitals PLC has emerged as the Merit Award winner in the Hospital Sector at the recently held National Business Excellence Awards(NBEA) 2024.

Eurol Lubricants enters Sri Lanka’s lube market

Eurol Lubricants through an exclusive partnership with Econsult International Ltd, led by oil and gas expert Malaka Elikewela, is officially present in Sri Lanka, introducing their high-quality lubricants to the country’s rapidly growing automotive and industrial sectors.

CCI launches Build SL Housing & Construction Expo 2025

The Build SL Expo 2025 is due to be held on May 30, 31 & June 1 next year, as the 20th edition at the Sirimavo BandaranaIke Convention Centre, BMICH.

Browns’ Exide introduces SL’s very first E-Care battery warranty

For the first time in the automotive battery industry in Sri Lanka, Browns Battery & Tyre Strategic Business Unit recently launched the Browns E-Care Battery Warranty activation. This marks a milestone in the implementation of the first-ever paperless E-Warranty in the Sri Lankan automotive battery sector, thereby transforming customer experience from this point forward. With this new innovation, customers can now disregard traditional printed w

Pepsi unveils new logo with street art murals in Sri Lanka

Honouring its 125 years long legacy,Pepsi, a brand that has been at the center of global pop culture, unveiled its new identity in Sri Lanka recently through its groundbreaking campaign, ‘Pepsi Street Kala’.

new SLGJA chief calls for urgent policy reforms, promotion of Sapphire experience

At the Annual General Meeting of the Sri Lanka Gem and Jewellery Association (SLGJA), Akram Cassim, a longstanding member of the industry, was officially announced as the newly elected President. In his speech Cassim outlined his vision to drive the industry forward, tackle challenges collectively, and capitalise on the unique legacy of the Ceylon Sapphire.

Fueling Innovation from Grassroots to Global

Sri Lanka, a nation bearing enough promise to go beyond the adversity it has faced—from the Easter attacks of 2019 to a major economic collapse on top of the global pandemic—stands at a moment calling for renewal. The 15th edition of the Sri Lanka Design Festival (SLDF) by The Academy of Design (AOD), to be hosted at the iconic Cinnamon Life Integrated Resort (from Nov. 7-10), presents a roadmap to leverage creative industries to support the nati

New Board of Directors appointed for SriLankan Airlines

A new Board of Directors has been appointed for SriLankan Airlines with Sarath Ganegoda as the Chairman.

Best option for SL is to stick with IMF plan: IPS Chief

Sri Lanka should stay committed to the fiscal framework set by the International Monetary Fund (IMF) until the country achieves the macroeconomic stability required for a sustained recovery, a top economist asserted.

IRD launches ambitious tax recovery programme

Sri Lanka’s Inland Revenue Department (IRD) has launched a special initiative to recover Rs. 570 billion in outstanding taxes from certain taxpayers under the self-assessment payment system, with a deadline of November 30.

Rubber exports to Europe expected to rise

Sri Lanka’s rubber sector is poised for a boost in order volumes from Europe this month (October), as buyers return following the summer break and U.S. export earnings strengthen.

Hareendra Dissabandara appointed SEC Chairman

Senior Professor Hareendra Dissabandara has been appointed as the new Chairman of the Securities and Exchange Commission (SEC) of Sri Lanka.