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Fri, 26 Apr 2024 Today's Paper
19 Apr 2024 - 0 - 141
REUTERS: The International Monetary Fund (IMF) stands ready to support Sri Lanka’s discussions with international bondholders and will provide a formal assessment after the parties reach a tentative agreement-in-principle
19 Apr 2024 - 0 - 159
The State-Owned Enterprise Restructuring Unit (SOERU) yesterday said it expects all transactions, other than that of the national carrier to be concluded by August 2024. The timeline for SriLankan Airlines is likely to extend to end September 2024. The SOER
19 Apr 2024 - 0 - 38
HNB Assurance PLC (HNBA) has once again secured the prestigious title of Best Life Bancassurance Provider in Sri Lanka for the fourth consecutive year, recognised by the Global Banking and Finance Review. This award und
19 Apr 2024 - 0 - 60
New Unilever Sri Lanka Chairman and CEO Ali Tariq met with Board of Investment (BOI) Chairman Dinesh Weerakkody and the BOI and Port City officials, to discuss the current investment climate, opportunities and the Unilever Sri Lanka operations in the country. Head of Regulatory and External Affairs Harini Rajadasa also participated.
19 Apr 2024 - 0 - 43
The No. 1 Bank in the Country, Bank of Ceylon (BOC) yet again set a record during the Avurudu season with over Rs.185 billion worth transactions taking place in BOC’s very own cash recycling machines (CRMs) and ATM terminals.
19 Apr 2024 - 0 - 59
HVA Foods PLC, a member of the George Steuart group, announced the following appointments to its board of directors. Accordingly, Graham Stork has taken up duties as Director and Chief Executive Officer, while Samantha Ranatunga has tak
19 Apr 2024 - 0 - 44
Radisson Blu Resort Galle announced the resort has emerged triumphant in clinching the Franchised Hotel of the Year Award at the recently held SEAP – GM Conference of Radisson Hotel Group hosted in Cebu, Philippines.
19 Apr 2024 - 0 - 77
Hunas Holdings PLC, a leading player in the investment and hospitality sector, recently announced a strategic partnership with BCC Corporation Japan, a renowned innovator in technology, hospitality and real estate solutions. Together, they
19 Apr 2024 - 0 - 40
The Hayleys Leisure Training Academy, a pioneering initiative by Hayleys Leisure, held its second graduation ceremony recently,
19 Apr 2024 - 0 - 18
In an absolute win for responding to the autism spectrum disorder (ASD), which affects one in 93 children between the ages of 18 to 24 months in Sri Lanka, ‘Act Early for Autism’, which is a Citizens Development Business Finance PLC (CDB) project,
19 Apr 2024 - 0 - 17
A recent study by the Potsdam Institute for Climate Impact Research (PIK) has projected staggering global damages from
19 Apr 2024 - 0 - 70
Sri Lanka’s premier apparel solutions provider Brandix released its 2022/23 environmental, social and governance (ESG) report this
18 Apr 2024 - 4 - 1027
A review of data published by Sri Lanka Customs analyzed by Siyaka Research confirms that the country shipped 62 Mnkg during the period January – March 2024, up 15% on last year’s figure of 54 Mnkg.
18 Apr 2024 - 2 - 600
The global annual damage caused by climate change is estimated to be 38 trillion dollars until the year 2050, a study by a German research institute has found.
18 Apr 2024 - 0 - 68
18 Apr 2024 - 1 - 1009
The mounting tensions in the Middle East that are becoming increasingly unpredictable are likely to impact the Ceylon Tea cuppa, the industry stakeholders said, especially since over 50 percent of the island nation’s tea is exported to that region.
18 Apr 2024 - 10 - 1918
Sri Lanka crossed the 700,000 tourist arrival milestone within the first 14 weeks of the year, almost half the time frame taken to reach the mark in 2023.
18 Apr 2024 - 0 - 150
The tea exporters urged the government to step up in its efforts towards stabilising the rupee, so that the industry can continue to service the economy at its full potential. Tea Exporters Association (TEA) Chairman Ganesh Deivanayagam asserted that the industry is becoming less competitive and is at risk. “Because of this, the industry is already at a fragile situation. The rupee appreciation puts the exporters in a very challenging situation.
18 Apr 2024 - 0 - 58
Contrary to the claims that the current economic recovery could get derailed due to the parties coming short in reaching an agreement on restructuring the commercial debt, the evidence showed that the two parties have come a long way in closing the gaps and it is natural there could be bumps in the road toward reaching consensus. Sri Lanka concluded its first round of restricted discussions with the so-called ad hoc group of bondholders, comprisi
18 Apr 2024 - 0 - 66
After years of grappling with economic challenges on the international stage, Sri Lanka is now showcasing its rapid recovery efforts this year. At the G-24 Finance Ministers and Central Bank Governors’ meeting during the IMF/WB Spring Meetings in Washington, Sri Lanka was able to tell an audience comprising of top delegates that progress has been achieved. According to Finance State Minister Shehan Semasinghe’s update on social media platform X,
18 Apr 2024 - 0 - 63
The International Monetary Fund (IMF) announced this week that it endorsed a set of reforms that would help speed up processes in supporting the countries struggling with debt restructurings. According to the recommendations in the IMF staff paper ‘Policy Reform Proposals to Promote the Fund’s Capacity to Support Countries Undertaking Debt Restructurings’, the reforms are designed to ensure a more agile approach to the IMF support to the countri
18 Apr 2024 - 0 - 40
The Ministry of Environment this week called for applications for the compulsory registration of businesses and individuals who wish to import hydrofluorocarbons (HFC) based imports for 2024. Completed applications along with supporting documents are to be submitted to the ministry before May 7. “Business entities/ individuals are not eligible to import HFCs for any purpose without registration,” the notice cautioned. The announcement comes after
18 Apr 2024 - 0 - 97
Coca-Cola announced this week the appointment of Kaushali Kusumapala as the new Country Director for Sri Lanka and Maldives, effective from 1st April 2024. Kaushali succeeds former Country Director, Pankaj Sinha, who assumed the role in 2019. In this position, Kaushali will closely collaborate with bottling teams, customers, partners, consumers and external stakeholders in Sri Lanka and Maldives. Kaushali is a graduate of the University of Melbo
18 Apr 2024 - 0 - 29
Heralding a new era for both Sri Lankan and Kuwaiti accounting professionals, the Kuwait Chapter of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is poised to catalyze professional growth and knowledge exchange opportunities for Sri Lankans through an impactful partnership with the Kuwait Accountants & Auditors Association (KAAA). The Memorandum of Understanding (MoU) was signed by Heshana Kuruppu, President of CA Sri Lanka,
18 Apr 2024 - 0 - 72
DFCC Bank has launched online acceptance of the leading card scheme, UnionPay International (UPI). The partnership between DFCC Bank, UPI and Bancstac further enhances DFCC Bank’s Internet Payment Gateway Services (IPGS). “DFCC Bank is committed to delivering convenient, ease-of-use, secure and cost-effective payment acceptance methods to support our customers towards achieving their business goals,” said Denver Lewis, Vice President, and Head of
18 Apr 2024 - 0 - 24
eChannelling and a subsidiary of SLT-Mobitel have partnered with the International Organization for Migration (IOM) Sri Lanka to provide free online appointment booking for health assessments required for migration to the UK, Australia, Canada, and New Zealand. IOM delivers comprehensive health assessment programmes that are beneficial, accessible, and equitable for migrants and mobile populations. Through the new partnership, migrants can now co
18 Apr 2024 - 0 - 145
Knuckles, renowned for its commitment to purity and quality, has announced the launch of its newest innovation: Knuckles Bottled Drinking Water in glass bottles. Bottled at the source in the Knuckles Mountains range, the water undergoes a meticulous bottling process that ensures it retains all the natural elements and qualities historically associated with the region. From its pure, natural spring origins to its high pH value and rich essential
18 Apr 2024 - 0 - 85
Pelwatte Dairy announced the appointment of Mohamed Rizwie and Deepthie Wickramasuriya as Non-Executive Directors to its board. With over three decades of experience in Consumer/Medical marketing at Nestle, Rizwie has held senior management roles across Sri Lanka, India, Philippines, and Saudi Arabia. With an educational background in marketing and sales, including diplomas from the Nestle International Training Centre in Switzerland and an MBA
18 Apr 2024 - 0 - 174
David Pieris Automobiles (Private) Limited (DPA) has announced that it officially started accepting pre-bookings for the all-new BAIC X55 II SUV in Sri Lanka. Earlier this month, the first 15 customers placed a deposit to pre-order their new vehicles. DPA recently announced its strategic partnership with Beijing Automotive Industry Holding Co., Ltd. (BAIC), promising a new era of innovative, quality products, and unparalleled customer service fo
18 Apr 2024 - 0 - 37
NDB Leasing announced the conclusion of its recent leasing promotion, the ‘NDB Auto Carnival’, which provided customers with an opportunity to lease their dream vehicles with ease and convenience. Held from April 04 to April 05 at the Dambulla Dedicated Economic Centre, the event showcased NDB Leasing’s wide range of leasing options and offered some incredible benefits to attendees. During the event, customers had the chance to explore tailor-mad
25 Apr 2024