WindForce PLC has officially begun the work on the 10MW Kebitigollewa solar power project, with the signing of the Power Purchase Agreement with the Ceylon Electricity Board (CEB). The signing event was attended by key stakeholders, including CEB C

AFP: Climate change is driving more intense and more frequent heatwaves, which in turn generate a “witch’s brew” of pollutants, threatening the health of humans and all living things, the UN warned yesterday. The wildfire smoke that recently su

The port trade unions yesterday staged a protest in Colombo against the government’s plan to reduce the interest rate paid to the Employees’ Provident Fund members’ contributions, under the Domestic Dept Optimisation (DDO) plan. Additionally, t

Mastercard and the Colombo Port City Economic Commission (CPCEC) have announced the signing of a memorandum of understanding (MoU) to collaborate by leveraging Mastercard’s City Possible platform for the development of Port City Colombo as a world-

The Federation of Information Technology Sri Lanka (FITIS) is gearing up to host the highly anticipated API Asia Conference 2023 for the second time, set to take place on November 16, at Shangri-La Hotel in Colombo. The event’s official launch too

Air Arabia Abu Dhabi has announced a new route connecting Abu Dhabi to Colombo. With operations beginning on January 3, 2024, the low-cost....

People’s Leasing & Finance PLC yesterday said the stipulated timelines for the completion of the transaction to acquire 33 percent of First Capital Holdings PLC held by Janashakthi Limited....

Jetwing Hotels Ltd., the management company of the iconic collection of Sri Lankan hotels and villas, has announced changes to its leadership team effective from September 1, 2023. Shiromal Cooray...

Sri Lanka should stop associating the word ‘State’ with public enterprises, as it provides the incentive for these institutions to underperform and remain in a comfort zone, stated Dag Detter, a prominent....

Sri Lanka is seeking foreign investors to implement an electric bus pilot project in Colombo. Transport, Highways and Mass Media Minister Bandula Gunawardana on Monday said the project....

OpenAI Chief Executive Sam Altman has been granted Indonesia’s first golden visa, officials said, as Southeast Asia’s biggest economy looks to attract wealthy foreign investors. The co-founder....

The number of migrants lodging asylum applications in the EU has jumped 28 percent in the first half of this year compared to the same period last year, official figures released yesterday...

Indices closed in green as a result of price gains in counters such as Hatton National Bank, Commercial Bank and John Keells Holdings with the turnover crossing Rs. 2.7 bn. High net worth...

With the introduction of Aswesuma as a brand-new initiative targeting the poor and vulnerable, social protection in Sri Lanka has been a much-debated subject lately. Aswesuma primarily....

The Sri Lanka-Singapore Business Council (SLSBC) of the Ceylon Chamber of Commerce led a multi-sectoral 19-member delegation to Singapore, showcasing Sri Lanka’s burgeoning tech talent and growing....

The Chinafort Gem and Jewellery Traders Association (CGJTA) this week unveiled Gem Sri Lanka (GSL) at a press conference at Shangri-La, Colombo, marking the launch of a world-class inaugural trade exhibition....

The Ceylon Chamber of Commerce and Sri Lanka Retail Association (SLRA) signed a memorandum of understanding to collaborate on organising Sri Lanka Retail Forum 2023, on October 19, at Cinnamon....

The much-awaited Global CEO Forum 2023 is set to take place on September 21, at Hotel Galadari in Colombo. This event serves as a pivotal platform....

Sri Lanka welcomed 138,405 international tourists in August, which helped the country to surpass the 900,000 arrival mark for the January-August 2023 period.

Technomedics International (Pvt) Ltd.recently appointed Murali Prakash and Kalum Katipearachchi as Non-executive Directors to their esteemed leadership team in keeping with its commitment to good corporate governance. With an impressive track record

United States Food and Drug Administration (USFDA) officials visited Yaden Laboratories Private Limited, a modern, state-of-the-art sterile formulation finished dosage manufacturing facility located inside the Katunayake Export Processing Zone. The v

Mount Lotus Eye and ENT Hospitals, one of the newest hospitals of its kind in Sri Lanka, has reaffirmed its commitment to delivering the most advanced eye care technology in the country by unveiling Sri Lanka’s first Selective Laser Trabeculoplasty

HNB Assurance clinched the ‘Insurance Distribution Initiative of the Year’ at the Insurance Asia Awards 2023 for its groundbreaking branch expansion strategy. This initiation has propelled HNBA’s growth trajectory, setting a new industry benchm

Asiri Surgical Hospital successfully performed the advanced Transcatheter Aortic Valve Implantation (TAVI), a complex heart procedure on a patient who had previously undergone bypass surgery. For decades open heart surgery was required for Aortic va

Union Assurance has announced the outstanding achievements of its insurance advisors in the second quarter of 2023 through the esteemed Union Assurance Premier Club programme, held on August 4th at Heritance Negombo. The Union Assurance Premier Club

Pan Asia Bank, welcomed Aravinda Perera ceremoniously, on the first day in his role of Chairman of Pan Asia Bank on 11th August 2023. Aravinda Perera is expected to lead the bank to the next phase of growth. On the occasion, Director/CEO Naleen Ed

NDB Investment Bank (NDBIB) was once again recognized as the Best Investment Bank in Sri Lanka by Euromoney Magazine, for its resilient performance during a year marred by political upheaval and macro-economic crises, demonstrating its dominance for

The shares of Agarapatana Plantations Limited (APL) (CODE: AGPL-N-0000) commenced trading on the Colombo Stock Exchange (CSE) yesterday. The shares have been listed on the Diri Savi Board of the CSE, under the Food, Beverage and Tobacco sector. The

The Colombo bourse closed negative in August, with the benchmark All Share Price Index (ASPI) declining 2.4 percent month-on-month (MoM) to 11,114 points. The more liquid S&P SL20 index declined 5.4 percent MoM to 3,131 points. According to CT CLSA,