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Tue, 19 Mar 2024 Today's Paper
9 hours ago - 0 - 202
The Ministry of Power and Energy signed a Power Purchase Agreement (PPA) for the Project Apollo between Ceylon Energy Pte Ltd....
9 hours ago - 0 - 53
Assetline Finance Limited (AFL) opened its 56th branch in Panadura recently. The branch also offers....
9 hours ago - 0 - 165
David Pieris Automobiles (Private) Limited (DPA) announced its partnership in Sri Lanka with Beijing Automotive Industry...
9 hours ago - 0 - 38
Sanasa General Insurance Company marked a unique milestone in their history by achieving a record growth rate of 53 percent....
9 hours ago - 0 - 52
The first LNG battery hybrid powered RORO vessel berthed at the Hambantota International Port (HIP) for the discharge...
9 hours ago - 0 - 39
People’s Bank has been named among the top 20 employers among AICPA and CIMA members in recognition of the bank’s....
9 hours ago - 0 - 84
The minimum room rate introduced for city hotels by the government could have a negative effect on tourism, an industrialis...
9 hours ago - 0 - 23
For the first time on record, the inequalities in the Human Development Index (HDI) values—which measure a country’s....
9 hours ago - 0 - 21
The Millennium Falcon has landed on a 50p coin in the latest collectable Star Wars series from the Royal ....
9 hours ago - 0 - 148
The Court of Appeal has issued an interim order suspending a previous ruling by the Commercial High Court of Colombo. This ruling....
9 hours ago - 0 - 129
National Development Bank (NDB) yesterday announced it would raise a maximum sum of Rs.10 billion by way of Basel III....
19 Mar 2024 - 0 - 42
We swung off the main road and bumped down a narrow lane until we reached a modest two-story home. As we got out of the car....
19 Mar 2024 - 0 - 25
SLT-Mobitel in collaboration with Sri Lanka Railways recently marked a significant milestone by digitizing the ticket reservation ....
19 Mar 2024 - 0 - 24
South Korea’s Kiuda Digital Holdings is to launch their state-of-the-art carbon exchange named ‘KiudaEX’. The locally....
19 Mar 2024 - 1 - 1117
Sri Lanka’s tourist arrivals have soared past the 500,000 mark in just the third month of the year, with March alone crossing the 100,000 milestone, over the weekend.
19 Mar 2024 - 5 - 450
In a disheartening revelation, a recent study conducted by the Women’s Chamber of Industry and Commerce Sri Lanka (WCIC) shed light on the alarming silence surrounding gender-based violence and harassment (GBVH) against women in workplaces.
18 Mar 2024 - 0 - 190
Defying both the expectations and the trend seen for the past seven months, the credit extended to the private sector by licensed commercial banks has reversed direction to record a de-growth of Rs.52.2 billion in January 2024. It wasn’t immediately clear if there was any one-off factor which turned the months-long streak in private credit growth into negative in January, as such credit was well poised to grow at an accelerated pace in 2024 with
18 Mar 2024 - 0 - 475
The Adani Green Energy’s wind power project in Mannar, Sri Lanka, has become a lightning rod for controversy. While the project promises to boost renewable energy production in the country, it faces fierce opposition due to its potential ecological impact and allegations of cronyism.
18 Mar 2024 - 0 - 141
The local gem and jewellery sector will receive some room to recover from the current challenges as the government announced fresh plans to provide concessions. President Ranil Wickremesinghe however asserted that immediate changes to the tax policy are not feasible. Meeting with industry stakeholders recently, Wickremesinghe said by offering solutions to the problems within the industry, relief will be extended to ensure their continued growth a
18 Mar 2024 - 0 - 109
Signalling continued expansion in economic activities, Purchasing Managers’ Index (PMI) for both manufacturing and services recorded persistent gains in February with expectations for the next three months remaining upbeat, especially due to the upcoming traditional New Year season. According to the PMI index released for February by the Central Bank, the manufacturing sector recorded an index value of 56.0 while of the services it reads 53.0. In
18 Mar 2024 - 0 - 136
The National Development Bank (PLC) announced the approval of distribution to the shareholders by way of a final dividend of Rs. 5.00 to be paid per share on the Ordinary Shares in issue for the financial year ended 31 December 2023. Accordingly, Rs. 2.00 will be in the form of cash dividend and the balance Rs. 3.00 will be in the form of scrip dividend. In a filing to the Colombo Stock Exchange (CSE), NDB PLC confirmed that the final dividend of
18 Mar 2024 - 0 - 72
REUTERS - The European Central Bank could start cutting interest rates in June after a reduction in euro zone inflation, ECB policymaker Pablo Hernandez de Cos said in an interview published yesterday. The ECB kept borrowing costs at a record high this month but said it had made good progress in bringing down inflation and has started a preliminary discussion about dialling back monetary tightening. “If our macroeconomic forecasts are met in the
18 Mar 2024 - 0 - 38
The surge in onion prices has transformed each bulb into valuables. A worker is captured in the act of sorting through previous stocks of onions, ensuring that every piece is utilised efficiently to avoid wastage. This scene underscores the current market dynamics, where the rising prices of essential goods such as onions have significant implications for businesses and consumers alike. Each onion saved from being discarded represents a small but
18 Mar 2024 - 0 - 39
The Sri Lanka Ports Authority (SLPA), in collaboration with Jaya Container Terminal (JCT), South ASIA Gateway Terminals (SAGT) and Colombo International Container Terminals (CICT), hosted Port of Colombo Awards Night 2024, at Shangri-La Hotel, Colombo, on March 15, 2024. The event was attended by Ports, Shipping and Aviation Minister Nimal Siripala de Silva as the chief guest, Ports, Shipping and Aviation Ministry Secretary K.D.S. Ruwanchandra as
18 Mar 2024 - 0 - 26
Fitch Ratings announced last week it has assigned Siyapatha Finance PLC’s proposed Sri Lankan rupee-denominated senior unsecured debentures of up to Rs.4 billion an expected National Long-Term Rating of ‘BBB+(EXP)(lka)’. The proposed debentures will mature in five years and will be listed on the Colombo Stock Exchange. The company plans to use the proceeds to support its loan book expansion. The final rating is subject to the receipt of final doc
18 Mar 2024 - 0 - 62
As the pressure for financial service companies to increase their digital capabilities continues to rise, leaders are pulling further ahead of the pack on multiple fronts, according to new research from Broadridge. The research, which surveyed 500 C-suite and senior executives globally, from firms representing anywhere from US $ 1 billion to over US $ 250 billion in AUM, highlights the strategic investments firms are making in technology and tale
18 Mar 2024 - 0 - 25
People’s Bank recently declared open an ATM at Serene River Park, Holuwagoda, Galle. Through this ATM, the customers can withdraw money 365 days of the year, seven days of the week and 24 hours of the day. Health and Industries Minister Dr. Ramesh Pathirana, Southern Province Governor Dr. Willie Gamage, Galle District MP Sampath Athukorala, People’s Bank Chairman Sujeewa Rajapakse, Galle Regional Manager N.K. Wimalasiri and the bank officials par
18 Mar 2024 - 0 - 53
The movement of a pilot’s seat on a Boeing 787 Dreamliner may have been behind the aircraft’s sudden nosedive during a flight on Monday, March 11, 2024 that caused the injury of at least 50 passengers, according to an aviation publication. The Latam flight had departed from Sydney, Australia and was heading for Auckland, New Zealand, when it “froze” in mid-air and went into free fall, throwing passengers up in the air, with some hitting their hea
18 Mar 2024 - 0 - 76
The concept of boundaries, both physical and ideological, has long been a defining feature of human civilisation. The man has built barriers both tangible and intangible, including the Great Wall of China, Berlin Wall, Iron Curtain to the digital divide, to demarcate territories, safeguard interests and preserve identities. Interestingly, throughout the history, we have also witnessed the gradual erosion of these barriers, as the forces of globa
18 Mar 2024 - 0 - 43
There were six cruise ship calls at the Hambantota International Port (HIP) in the months of January and February 2024, carrying over 6,000 passengers to Sri Lanka. Celebrity Millennium, the largest of the cruise ships that called, sailing between the lines of Hambantota/Colombo and Phuket, Thailand, arrived at the port twice, on February 14 and 26, respectively. Silver Moon, also bound for Phuket, called at HIP on February 20, arriving from the
9 hours ago
19 Mar 2024