Hunas Holdings-BCC Corporation Japan to revolutionise hospitality industry

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

Radisson Blu Resort Galle wins Franchised Hotel of the Year Award

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.

HVA Foods appoints Samantha Ranatunga as Chairman and Graham Stork as CEO

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

BOC records over Rs.503bn worth transactions this Avurudu season

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.

New Unilever Sri Lanka Chairman and CEO Ali Tariq met with Board of Investment (BOI)

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.

HNBA, Best Life Bancassurance Provider again

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

SOE transactions to end by August: Restructuring Unit

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

IMF ready to support discussions with bondholders

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

Japan says fully committed towards early finalisation of debt restructuring

Japan says fully committed towards early finalisation of debt restructuring

March tea exports up 18% YoY

Dialog-Airtel merger call gets connected

Sri Lanka will see two leading telco groups come together with the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) giving the nod for Dialog Axiata and Bharti Airtel to merge. Dialog Axiata PL

Citizens Development Business Finance’s Act Early for Autism project wins Best Project Sustainability Award

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,

Latest Brandix ESG report examines environmental stewardship within sector

Sri Lanka’s premier apparel solutions provider Brandix released its 2022/23 environmental, social and governance (ESG) report this

Climate change to cost US $ 38tn by 2050: German study

A recent study by the Potsdam Institute for Climate Impact Research (PIK) has projected staggering global damages from

Indices close on a negative note

The ASPI closed in red as a result of price losses in counters such as Sampath Bank, Lion Brewery and Hatton National Bank with the turnover crossing Rs. 2.2 bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in National Development Bank, DFCC Bank and Central Finance Company. Mixed interest was observed in Capital Alliance, Lanka Milk Foods and Hemas Holdings whilst retail i

Sri Lanka 1Q24 tea exports dollar earnings at six year high

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.

Climate change to cost world economy US$ 38 trillion

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.

Tensions in Gulf could hurt Ceylon Tea cuppa: Industry

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.

Tourist arrivals cross 700,000 mark in 14 weeks

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.

Indices rebound after two days of losses

The ASPI closed in green as a result of price gains in counters such as Commercial Bank, Lanka IOC and John Keells Holdings with the turnover crossing Rs 2.0 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Hatton National Bank, Dialog Axiata and Teejay Lanka. Mixed interest was observed in Lanka IOC, Ambeon Capital and Capital Alliance whilst retail interest was noted in

Secondary market sees ultra-thin volumes as debt restructuring talks progress

The secondary market enticed a mixed sentiment amid ultra-thin volumes during yesterday’s session, as the investors took a cautious approach, eagerly waiting to see the outcome of the bondholder negotiations, which recommenced on Tuesday, following the March 24 talks, which ended up without a consensus. Thus, thin trades were observed on the belly-end of the yield curve with 01.07.25 maturity recording trades between 10.55 percent and 10.60 perc

Taxation in the digital economy

In today’s fast-paced and technology-driven world, digital services have become an integral part of our daily lives and revolutionized the way we communicate, work, and access information. One of the key benefits of digital services is their convenience - with just a few clicks or taps on a screen, we can purchase groceries, pay bills, order food, or connect with colleagues and family. Overview of different types of digital services There is a w

CEAT Kelani launches 3 new radial tyre variants in ‘Orion Brawo’ range

CEAT-Kelani has introduced three new variants of high-performance radial tyres into the market, widening choice for a significant segment of vehicle owners. Joining CEAT’s ‘Orion Brawo’ range, the new radials are in the sizes 155/65 R14, 165/70 R14 and 165 R13, with the first two sizes designated for popular models of compact and small cars, and the third for mid-sized vans, the company said. The CEAT Orion Brawo 155/65 R14 and 165/70 R14tyres bo

NDB’s Auto Carnival ends on a high note

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

David Pieris Automobiles opens pre-bookings for BAIC X55 II SUV

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

Pelwatte Dairy appoints Non-Executive Directors

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

Knuckles introduces drinking water in glass bottles

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

eChannelling partners with IOM Sri Lanka to promote health assessment programme

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

DFCC Bank launches online acceptance of UPI

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

CA Sri Lanka Kuwait Chapter boosts professional growth opportunities

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,