Congratulatory messages to President and Prime Minister

The Sri Lanka Logistics and Freight Forwarders Association (SLFFA) extends its heartfelt congratulations to Anura Kumara Dissanayake, the newly appointed President of the Democratic Socialist Republic of Sri Lanka and Secretary to President Dr. Nandika Sanath Kumanayake.

AIA INSURANCE CELEBRATES EMPLOYEE ACHIEVEMENTS AT 2024 ANNUAL COMPANY CONFERENCE

The AIA Annual Company Conference 2024 was a night to remember, filled with glamour and recognition for outstanding employee contributions.

Overall employment in tourism sector up 11.24% YoY in 2023

The total employment in the tourism sector, including indirect employment, rose by 11.24 percent year-on-year (YoY) to 429,641 employees in 2023, according to the provisional data of the Sri Lanka Tourism Development Authority (SLTDA).

National consumer prices eased to 1.1% in August on food and low electricity tariffs

The prices measured nationally showed substantial deceleration, on the back of the easing food prices and downward revision to electricity tariffs, which managed to put some amount of money back in the pocketbooks of the people in August.

President Dissanayake sets economic stability and IMF talks as top priorities

President Anura Kumara Dissanayake in his inaugural address to the nation last evening pledged to prioritise economic stability and restore confidence in the country’s recovery. Dissanayake announced that his government would immediately initiate negotiations with the International Monetary Fund (IMF) to proceed with the activities under the extended credit facility programme. As the island nation continues to recover from the severe economic cri

ComBank’s proposed debut green bonds assigned ‘A(EXP) (lka)’

Commercial Bank’s proposed Sri Lankan rupee-denominated senior unsecured listed green bonds of up to Rs.5 billion have been assigned an expected National Long-Term Rating of ‘A(EXP) (lka)’ by Fitch.

PA calls for collaborative efforts to transform plantation sector

The Planters’ Association of Ceylon (PA), while congratulating President Anura Kumara Dissanayake, called for renewed collaboration to secure sustainable growth and livelihood empowerment within the plantation sector.

Cartooon 26.09.2024

ASPI up for 7th straight session with LKR 3.96 Bn turnover

Indices closed in green as a result of price gains in counters such as Hatton National Bank, Commercial Bank and Sampath Bank with the turnover crossing Rs. 3.9 Bn.

Buying interest persists as uncertainty subsides post-election

Investor confidence surged in the secondary market, following the recent elections, alleviating political uncertainties.

Janashakthi Life posts 45% growth in Gross Written Premiums

Janashakthi Life announced exceptional financial results for the first-half of 2024. The company achieved record-breaking growth across key performance indicators, with a notable 45 percent increase in Gross Written Premiums (GWP) compared to the period under review in 2023. This significant growth reflects the company’s steady growth and an expanding customer base.

BNI Sri Lanka achieves Carbon Neutral Certification for groundbreaking conference

BNI Sri Lanka has achieved a significant milestone by clinching the Carbon Neutral Certification for their recently concluded BNI Conference held in June this year. This prestigious certification, awarded by Planetary Carbon Standard, marks the event as the first-ever carbon-neutral BNI event to be held to date.

Biz groups congratulate President Dissanayake

The Sri Lanka Chamber of Small and Medium Industries’ congratulatory message to the ninth Executive President is as follows: Your Excellency, the President and the members of Sri Lanka Chamber of Small and Medium Industries (SLCSMI) wish to extend their warm and heartfelt congratulations to you on your being elected as the 9th Executive President of the Democratic Socialist Republic of Sri Lanka.

People’s Leasing & Finance shines with Gold at ACEF Asian Business Leaders Awards

People’s Leasing & Finance PLC has once again made its mark on the international stage by winning the Gold Award for “Best Leasing Brand of the Year” at the ACEF Asian Business Leaders Awards. This accolade places People’s Leasing & Finance among Asia’s most influential businesses, underscoring its commitment to excellence, innovation, and customer-centric service.

Dialog Television Brings New Prepaid Channel Plans with even more channels

Dialog Television, Sri Lanka’s #1 Pay TV provider, now offers it’s customers three new prepaid plans designed to enhance customer value, reinforcing its commitment to delivering a wide array of television content across the country. These plans provide access to over 100 channels, ensuring unmatched entertainment.

CA Sri Lanka to help private sector fight corruption

The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) is essential for promoting accountability and combating corruption in Sri Lanka. The recently enacted Anti-Corruption Act, No. 9 of 2023, plays a pivotal role in reinforcing integrity and ethical conduct within public service.

Hirdaramani’s net-zero Science based targets approved by SBTi

Hirdaramani Apparel announced that its Net-Zero Science Based Targets have been officially approved by the Science Based Targets initiative (SBTi). Significantly, Hirdaramani is also the first organisationin Sri Lanka to have secured this key milestone.

Navigating new EU sustainability and labelling requirements: Challenges and opportunities for Sri Lankan apparel

The European Union (EU), with its vast market of over 448 million consumers, has always been a key destination for Sri Lankan apparel exports. Known for its high-quality and ethically produced garments, Sri Lanka has secured a strong foothold in this competitive space. However, new sustainability and labelling requirements introduced by the EU present both challenges and opportunities for Sri Lankan apparel manufacturers. This feature explores th

Scanwell Logistics Colombo and SLSAC partner to protect country’s marine ecosystems

Scanwell Logistics Colombo recently partnered with the Sri Lanka Sub-Aqua Club, (SLSAC) to launch a value driven ocean cleanup initiative, with a particular focus on minimizing pollution and protecting Sri Lanka’s waters and marine ecosystems.

Fitch affirms Sri Lanka at ’Restricted Default’

Fitch Ratings announced today it has affirmed Sr Lanka’s LongTerm Foreign-Currency Issuer Default Rating (IDR) at ’RD’ (Restricted Default) and Long-Term Local-Currency IDR at ’CCC-’.

Continued growth expected following peaceful election: Sri Lanka Tourism

Sri Lanka’s tourism industry is anticipating continued growth following the recent presidential election, widely regarded as one of the most peaceful in the nation’s history, Sri Lanka Tourism said.

Construction chamber calls on President Dissanayake to drive sector rebound

Sri Lanka’s construction industry, still struggling to regain momentum despite modest growth, said the newly elected president faces the challenging task of steering the sector’s recovery and reshaping its development path. In a congratulatory message to President Anura Kumara Dissanayake, the Chamber of Construction Industry of Sri Lanka (CCI) outlined key areas requiring urgent intervention to make the local construction industry more efficient

KPMG Suresh Perera first in SL to receive regional tax award

Suresh R. I. Perera, a prominent tax practitioner from KPMG Sri Lanka, has made history by becoming the first Sri Lankan to receive a regional tax award from the International Tax Review (ITR). At the ITR EMA & ASPAC Regional Awards 2024 ceremony held in London on September 18th, Perera was recognised as the Tax Practice Leader of the Year 2024 for the ASPAC region. Additionally, he was shortlisted for the Tax Litigation & Disputes Practice Leade

IMF to work with Sri Lanka’s new President on US$ 3bn loan

The International Monetary Fund (IMF) said it’s looking forward to working with Sri Lanka’s newly elected president Anura Kumara Dissanayake on the latest review of the country’s US$ 3billion bailout package.

EU affirms Sri Lanka as valued trade partner, pledges economic support

The European Union (EU) reaffirmed its commitment to Sri Lanka yesterday, recognising the island as a valued partner in trade and investment while pledging its continued support for its economic recovery.

FCCISL urges govt. to appoint capable, experienced leaders for key institutions

The Federation of Chambers of Commerce & Industry of Sri Lanka (FCCISL) yesterday urged the new government to appoint experienced and capable leaders to steer key national institutions, highlighting that with effective leadership, Sri Lanka can fully capitalise on its vast potential.

ASPI records largest daily gain for the year with turnover exceeding Rs. 2 bn

Indices closed in green as a result of price gains in counters such as Commercial Bank, Melstacorp and LOLC Holdings with the turnover crossing Rs. 2.0 bn.

Buying interest persists as uncertainty subsides post-election

The secondary market yield curve experienced increased buying interest across the board, reflecting a resurgence in moderate levels of activity as uncertainty amongst investors diminished post-election.

ComBank’s Bangladesh operation wins 4 top awards at ICC Emerging Asia Banking Awards

Commercial Bank of Ceylon has been honoured with four prestigious awards for its Bangladesh operations by the Indian Chamber of Commerce (ICC), at Emerging Asia Banking Awards 2024.

Hotel Suppliers Association congratulates Sri Lanka’s 9th executive president

The Hotel Suppliers Association (HSA)’s congratulatory message to the ninth executive president of Sri Lanka is as follows.Your Excellency Anura Kumara Dissanayake,