Nawaloka Hospitals partners with NITF to offer enhanced healthcare for Agrahara members

Nawaloka Hospitals PLC has further cemented its commitment to high standards in patient- centric care by signing a Memorandum of Understanding (MoU) with the National Insurance Trust Fund (NITF) in pursuit of facilitating substantial concessions to all government employees under the Agrahara Medical Insurance scheme.

Treinetic partners with CEA to launch innovative Air Quality Monitoring System

Treinetic, a Sri Lankan software company, has teamed up with the Central Environmental Authority (CEA) to create a new air quality monitoring system.

Long-Serving Ocean Lanka employees honoured at annual Loyalty Awards

Ocean Lanka (Pvt) Ltd recently celebrated the unwavering commitment of its employees at the “Sewa Abhiman” Loyalty Awards ceremony.

British Council and UKVI conduct session for education agents and school counsellors

The British Council Sri Lanka recently hosted an interactive and informative seminar for UK education agents and school counsellors in Colombo.

UN hosts rare special emergency session to address crisis on Coral Reefs

With data confirming the worst ecological crisis facing coral reefs, amidst the ongoing fourth and most extensive coral bleaching event on record, an emergency special session has been called for October 30 on the sidelines of the UN Biodiversity Conference COP16 in Cali, Colombia.

WB inks additional US$200 Mn to support economic reforms in SL

The World Bank and the Government of Sri Lanka today signed the Second Resilience, Stability, and Economic Turnaround (RESET) Development Policy Operation (DPO) for $200 million.

Tourism earnings reach US$ 2.35bn

Sri Lanka is seeing continuous headway in its tourism trade through September as both the arrivals and earnings made progress in the months, although there was some easing from a month ago.

CEBEU optimistic on averting looming power crisis in 2026-2027

The Ceylon Electricity Board Engineers’ Union (CEBEU) expressed optimism that recent changes in the leadership and management of the Ceylon Electricity Board (CEB) will lay a much-needed foundation to avert a looming power crisis in 2026-2027.

Successful IMF and OCC agreement paves way for debt relief: CCC

The Ceylon Chamber of Commerce (CCC) commended the Government of Sri Lanka on the successful completion of consultations with the Official Creditor Committee (OCC) and the International Monetary Fund (IMF) regarding the Agreement in Principle (AIP) reached with international and local holders of International Sovereign Bonds (ISBs).

Fitch affirms LB Finance’s National Rating at ‘BBB+(lka)’; Outlook Stable

Fitch Ratings has affirmed Sri Lanka-based LB Finance PLC’s National Long-Term Rating at ‘BBB+(lka)’. The Outlook is Stable.

UB Finance expands board of directors

UB Finance PLC has appointed Dilshan Rodrigo and Prof. Ajantha Dharmasiri to its director board.

Credit card debt tad higher in August in tandem with overall private credit

Consumer spending made via credit cards appear to be increasing as the total outstanding credit card debt in licensed commercial banks have expanded by a little under a billion rupees in August in line with the sharper increase seen in overall credit to the private sector in the same month.

WIS Accountancy launches MortgagX AI-driven platform

WIS Accountancy, a leading provider of digital accountancy, bookkeeping, tax and business advisory services in the UK, is expanding operations in both the UK and Sri Lanka and this year,

Global Air Connection recognised at Asia Business Service Excellence Awards

Global Air Connection Private Limited, a leading international airline ticketing and tour operating company, also recognised as an IATA-accredited travel company and a prominent destination management company (DMC) in Sri Lanka,

Aquafresh unveils new glass water bottles

Aquafresh, the leading brand in Sri Lanka’s bottled water industry, announced the launch of its new glass water bottles, a significant step forward in the company’s commitment to sustainability and environmental consciousness.

Softlogic Life urges Sri Lanka to #ChangeTheStory on Children’s Day

Against a background where mainstream media and most conversations on social media and among adults resonate negativity, Sri Lanka’s second largest life insurer and the market leader in health insurance, Softlogic Life,

EnerGulf leads charge in sustainable energy

The solar energy landscape is evolving, driven by technological advancements, increasing environmental concerns and the urgent need for sustainable energy solutions.

Q+ Payment App opens up for multi-bank customers via JustPay

The Q+ Payment App, powered by Commercial Bank of Ceylon, can now be used by the customers of other banks as well, following its integration with the JustPay platform of LankaPay - the operator of Sri Lanka’s national payment network.

Lasith Nanayakkara appointed as new NSB CIO

National Savings Bank (NSB) has appointed Lasith Nanayakkara as its new Deputy General Manager IT/ Chief Information Officer (CIO), effective October 1, 2024.

E.B. Creasy Solar opens new Wellawaya solar solutions outlet

E.B. Creasy Solar, a leading solar energy solutions provider in Sri Lanka, recently opened its newest solar solutions outlet in Wellawaya.

First Capital wins Gold at SLITAD People Development Awards

First Capital Holdings PLC has been recognised for its outstanding commitment to employee development, winning the coveted Gold award at SLITAD People Development Awards 2023/24.

ACCA’s Approved Employer Programme elevates finance careers and industry standards

Prioritising the needs of both professionals and employers, the Association of Chartered Certified Accountants (ACCA) is setting benchmarks in the finance sector, by placing employability at the heart of its mission through its Approved Employer Programme.

Akram Cassim elected as Sri Lanka Gem and Jewellery Association President

Colombo Jewellery Stores Managing Partner Akram Cassim has been elected as President of the Sri Lanka Gem and Jewellery Association (SLJGA).

Sana turns Hot ‘N’ Spicy

Prima KottuMee has announced the onboarding of rising teen artist Sana as one of its brand ambassadors.

IMF stresses continued reform as key vulnerabilities linger in Sri Lanka

The International Monetary Fund (IMF) emphasised that Sri Lanka must maintain its reform trajectory, warning that “important vulnerabilities” and “uncertainties” remain, despite the significant progress in key macroeconomic indicators.

Productive discussions held with President Dissanayake: IMF

The visiting delegation from the International Monetary Fund (IMF) yesterday said it held productive talks with President Dissanayake and Sri Lanka’s economic team on the economic and financial challenges facing the Sri Lankan economy.

Sri Lanka Tourism tops 2023 figures as of October

The tourist arrivals to Sri Lanka surpassed the total for all of 2023 in the first week of October, a positive sign for the country’s recovering tourism sector. The provisional data from the Sri Lanka Tourism Development Authority (SLTDA) showed that by September 30, 2024, the arrivals had reached 1,484,808 visitors, close to surpassing last year’s total of 1,487,303.

Citi tapped to oversee Sri Lanka’s sovereign bond exchange

Citigroup Global Markets Inc. (Citi) has been chosen as the Dealer Manager for Sri Lanka’s proposed sovereign bond exchange, the Finance Ministry announced yesterday.

CWIT adds to crane fleet ahead of 2025 operations

Colombo West International Terminal (CWIT) has made another crucial advance towards becoming one of Asia’s leading port facilities with the delivery of its first two semi-automated rail-mounted quay cranes (RMQCs) and three additional fully-automated cantilever rail-mounted gantry cranes (CRMGs). This shipment marks the second in a series of deliveries as the terminal gears up for phase one operations in February of 2025.

Fair demand and stable prices in dollar terms at Colombo Tea Auction this week

The auction offerings were marginally lower and totalled 5.7 million kilogrammes, compared to the 5.9 million kilogrammes on offer the previous week. There was fair demand and relatively stable prices in dollar term, whilst the rupee tea prices tend to weaken and more so as the sale progressed, perhaps against the backdrop of strengthening of the Sri Lankan rupee.