Women mean Business: A Coalition for Action

Inequitable access to finance is a major barrier for women-led micro, small and medium enterprises (MSMEs) in Sri Lanka.

SLT-Mobitel elevates enterprise communications for Merchant Bank

SLT-Mobitel Enterprise, delivering best-in-class technology for the enterprise segment, has signed a bilateral agreement with Merchant Bank of Sri Lanka & Finance PLC, Sri Lanka’s trailblazing financial institution, to revolutionise the lan

Radisson Hotel Colombo serves as hospitality partner for Air Arabia’s FAM tour in SL

Radisson Hotel Colombo recently welcomed a group of leading influencers for Air Arabia on a familiarisation tour (FAM tour) of Sri Lanka.

SL’s Halgolla certified as world’s 1st ‘regenagri’-certified tea estate

Kelani Valley Plantations pioneers intellectual tourism concept and establishment of on-estate biodiversity conservation centre Kelani Valley Plantations (KVPL), a Hayleys Plantations company, announced a historic achievement with its Triple Crown of W

SL’s financial market woes defy Colombo Dockyard growth targets

The global market demand for ship building and ship repairs looks promising in the near future. However, financial market problems in Sri Lanka will continue to pose a challenge to the growth targets of Colombo Dockyard PLC.

Sri Lanka fails to cross 900,000 milestone in tourist arrivals end May

Sri Lanka failed to cross the 900,000 milestone in tourist arrivals in the five month period ended in May, as the country trailed the arrival target by 13 percent or 133,983 arrivals at the end of the month.

Growth and poverty in Sri Lanka: Updates on nexus

Sri Lanka had achieved a remarkable success in poverty reduction, before the country’s present economic crisis, which reversed it during the past few years. According to the official poverty line bas

CIC Holdings records Rs.76.4 bn top-line with 12% growth

CIC Holdings PLC reported robust revenue growth amidst moderately stable macroeconomic conditions, reporting notable top-line growth during the year ended 31st March 2024. Group’s Crop Solutions, Agri Produce and Health and Personal Care sectors led growth, while the Crop Solutions segment remained the major contributor to total Group revenue in FY24.

Ogilvy’s ‘Masterpiece of Abuse’ bags two Grand Prix and six Golds

At the recently held Four A’s Advertising Awards 2024, Phoenix Ogilvy’s ‘The Masterpiece of Abuse’ campaign clinched two out of the three Grand Prix awards and six Gold awards. The campaign, crea

NSB sees 1Q PBT expand 192.4%

National Savings Bank (NSB) began 2024 with a growth momentum, achieving Rs. 3.4 billion Profit After Tax (PAT) for the first quarter with an increase of 221.8 percent over the same period last year. Followed by two years of financial hardships, the bank has reverted its regular financial performance showing the balance sheet stre

Stuart Chapman appointed Chairman of HNBA and HNBGI

HNB Assurance PLC (HNBA) and HNB General Insurance Limited (HNBGI) announced the appointment of Stuart Chapman as the new Chairman, succeeding Rose Cooray. With a caree

SL-Greater Mekong Business Council discusses trade, investment with Vietnam envoy

A recent meeting between the Sri Lanka-Greater Mekong Business Council (SLGMBC) of the Ceylon Chamber with Ambassador of Vietnam to Sri Lanka Ho Thi Thanh Truc focused on identifying strategies to boost production, increase expor

Driving growth through listings and diversifying revenue streams at CSE

Colombo Stock Exchange (CSE) Commercial Division Senior Vice President Punyamali Saparamadu provided a detailed overview on the strategies adopted by the CSE to stimulate growth and broaden its revenue sources. Her insights also highlight the new product portfolio as well as issuer relations initiatives of the CSE.

Oppressive tax policies undermining SL’s economic recovery

Pathfinder Foundation Founder Milinda Moragoda released a statement saying Sri Lanka’s present oppressive tax regime is undermining the country’s economic growth agenda. Furthermore, Moragoda said that many local entrepreneurs and businesses that can afford it are relocating abroad and new investments have decreased significantly. Full text of the stat

Sri Lanka’s road to recovery is long and must stay course

As Sri Lanka continues to recover from the recent crisis, this time last year, mere 12 months ago, we saw the peak of Sri Lanka’s worst economic crisis since independence. The economic recovery partially remains hindered by slow growth in exports and low foreign direct investment (FDI), with export gro

Be part of the plan International Day for Biological Diversity 2024

Nature is life. Nature is interconnected, intertwined and indivisible with human life, our societies and economies. Yet, the world over, land, seas, air, freshwater and wildlife are being destroyed at an alarming rate. On average, wildlife populations have declined almost 70 percent since 1970. Wild mammals have declined as a share of the

Measuring pulse of pulses: Improving food security in Sri Lanka

While Sri Lanka is recovering from its worst economic crisis since independence, significant concerns remain as 42 percent of the households still adopt food coping strategies, which severely affect both the quantity and quality of protein consumption.

Dialog Axiata receives BOI recognition as Most Significant FDI Contributor

In a significant acknowledgment of its contribution towards the development and growth of the national economy, Dialo

Certis Lanka rebrands as Sitrek Group

Certis Lanka, a pioneer in integrated security services, unveils its new brand identity as Sitrek Group, marking a significant milestone in its journey of over four decades. The grand reveal event took place recently at Cinnamon Grand Colombo, attended by esteemed guests, stakeholders and members of the media. The transformation to Sitrek Group represents a strategic shift towards reaffirming the company’s commitment to its core values of struct

President opens ‘Nihonbashi’ Japanese restaurant at Port City

President Ranil Wickremesinghe inaugurated the ‘Nihonbashi’ Japanese restaurant situated within the premises of Colombo Port City.

BOI honours Omega Line as Most Outstanding Exporter – Merchandise

The Board of Investment (BOI) of Sri Lanka recently commemorated its 45th anniversary with an inaugural awards ceremony, recognising companies with exemplary contributions to the nation’s economic landscape; among the distinguished re

Prima KottuMee introduces spiciest Korean Ramen

In a bold move that is sure to excite spice enthusiasts across Sri Lanka, Prima KottuMee has announced the launch of its newest v

Fact-based actions for healthy outcomes

The recent 10th session of the Conference of Parties (COP) to the World Health Organisation’s (WHO) Framework Convention on To

SLASSCOM applauds Sri Lanka’s national digital economy strategy

Sri Lanka, a nation poised at the cusp of digital transformation, has taken a monumental step forward with the introduction of its national digital economy strategy.

Threads of Resilience

Sri Lanka’s apparel sector has long been celebrated for its resilience, consistently overcoming challenges to emerge as a pivotal revenue driver for the nation. Yet, the sector now finds itself navigating uncharted waters amidst the global pandemic and economic downturn, grappling with unforeseen obstacles compounded by governmental missteps and a turbulent global economy. In an exclusive interview with Mirror Business, Yohan Lawrence, Secretary

Setback for Sri Lanka’s duty-free plans

The anticipated introduction of duty-free shopping in Colombo by April promised substantial benefits for Sri Lanka. However, the momentum for the project, led by the Port City Commission, has been abruptly halted by last-minute legislative challenges.

Love blooms amidst economic revival

As Sri Lanka emerges from the shadows of a pandemic and a crippling economic crisis, the city of Colombo yesterday embraced Valentine’s Day with a renewed spirit of resilience and optimism.

Survey on Sri Lanka’s PR industry reveals print is here to stay

A survey conducted by APAC chapter of the Public Relations and Communications Association (PRCA) revealed that print is here to stay.

Caltex Havoline achieves 10,000km extended drain interval in Sri Lanka from single oil drain

Chevron Lubricants Lanka PLC (CLLP), in a groundbreaking move within the Sri Lankan lubricant industry, is proud to announce that its proprietary product Caltex Havoline has achieved a significant milestone by concluding a 10,000 k

AMW Epic Tyres unveils strategic distributor agreement

AMW, a revered name in the automotive industry in Sri Lanka with a rich history spanning 75 years, marked a historic milestone with the recent signing of a distributor agreement of its tyre manufacturing and distribution business arm