Baltimore’s port closure means lost work

When the container ship Dali struck the base of the Francis Scott Key Bridge early Tuesday morning, it set off a rapid chain of events. The bridge....

Baltimore Bridge strike could be most expensive marine casualty ever

Lloyd’s of London expects that the payout for the Baltimore bridge strike will be exceptionally expensive and it may even be the “largest ever marine-insured loss” - bigger perhaps....

Thai PM’s office delegation visits Hambantota International Port

A delegation from the Thai Prime Minister’s office visited the Hambantota International Port (HIP) to explore opportunities and understand how the port operates under the public....

Trade account reflects normalising economy

The deficit in the trade account of the Balance of Payment (BoP) widened in February from a year ago on higher imports as the economy normalises.

March headline inflation drops substantially to 0.9%

Headline Inflation, as measured by the Colombo Consumer Price Index (CCPI), dropped to 0.9 percent in March 2024 from 5.9 percent in February, data from the Department of Census and Statistics (DCS) showed.

ICFS to host special spot admissions in Jaffna

The International Centre for Foreign Studies (ICFS) is set to host a special spot admission programme for students, esp

CA Sri Lanka launches TAGS Compliance Badge

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) launched the TAGS Compliance Badge on Tuesday, partnering with the Colombo Stock Exchange (CSE) to ‘Ring the Bell’ to launch the badge, which aims to be a symb

HSBC brings card offers, rewards for Avurudu

This Avurudu season, HSBC is bringing credit cardholders a host of exciting offers and rewards to make their celebrations even mor

Just In Time Group strengthens leadership team

Just In Time Group (JIT), a pioneer in the ICT landscape of Sri Lanka, announced the appointment of three seasoned sales professionals to its leadership team: Dilshan Rodrigo as Chief Sales Officer, Pubudu Sanjeewa as Chief Sales Str

NDB Bank unveils remittance Avurudu campaign

NDB Bank proudly announces the launch of its esteemed campaign, ‘Salli Ratin - Thagi Apen - Remittance Avurudu Wasiya’, aimed at promoting and incentivising the use of Western Union (WU) for foreign remittances. Running from March 5 to April 10, this campaign seeks to reward customers who choose NDB as their partner for collecting or paying out WU transactions.

Dialog’s Doc990 introduces Clinic Management System

In a significant step towards revolutionising the healthcare sector in Sri Lanka, Doc990 by Dialog Axiata PLC launched the innovative

UKTP Programme empowers Sri Lanka’s organic exports

The United Kingdom Trade Partnerships (UKTP) Programme project in Sri Lanka, funded by the government of the United Kingdom and implemented by the International Trade Centre (ITC), aims to promote exports by facilitating access to markets, providing technical advisory services to small and medium enterprises (SMEs) and strengthening b

NOTICE

There will be no Mirror Business tomorrow (30th), in view of today’s Public & Bank holiday. The next edition will be on Monday (April 1).

Expolanka Holdings PLC delisting proposal receives EGM approval

Expolanka Holdings PLC delisting proposal received approval at the Extraordinary General Meeting (EGM) held on March 27.

Short term parate suspension will not significantly impact financial sector: CB

The Central Bank this week noted that the government’s move to suspend the rights of banks to exercise parate execution will not have severe implications on the financial sector since it is a short term measure.

Lotteries Board records highest-ever profit in 2023

The Development Lotteries Board (DLB) reached its highest-ever profit in its four-decade history as the margin soared to 32 percent for the fiscal year 2022-2023, doubling the figure from the previous year. According to

Disgraced ‘Crypto King’ Sam Bankman-Fried to be sentenced

BBC: Sam Bankman-Fried, the former billionaire crypto boss who was convicted of fraud and money laundering last year, returned to court in New York yesterday is to be sentenced for his crimes. It is certain the 32-year-old will be going to jail; what is not known is how long for. The moment has

Sri Lanka confident of meeting conditions for IMF funding soon

Sri Lanka is confident it can iron out debt restructuring issues in the second quarter as external creditors are engaging positively, State Minister Shehan Semasinghe said, as reported by Bloomberg. This will pave the w

Sri Lanka must explore options to reduce prices of local graphite: Industry

The current prices of Sri Lankan graphite are significantly high; key avenues can be explored to bring them down and one such is by reducing the depth of operation.

Jan. credit dip linked to strong rupee, post-festive settlements

The Central Bank has been caught off guard by the break in the months-long expansion seen in the private sector credit in January and considered it to be a one-off development and attributed it to the appreciation of the rupee and after-season settlement of facilities by the borrowers.

Enjoy the full bouquet of Dialog Television Channels this Avurudu Season and Win a Family Holiday Getaway!

Dialog Television welcomes customers to celebrate in the festive season with the launch of its exclusive ‘Avurudu Channel Pack’- containing the full bouquet of Dialog Television channels.  Enjoy quality time with the family by activating the full bouquet of Dialog Television channels this April holiday season and stand a chance to win an unforgettable family getaway. With the largest channel offering in the country under its belt, Dialog Televisi

HNBGI becomes first local general insurer to implement IFRS 17

HNB General Insurance marks a significant milestone in its journey towards compliance with the International Financial Reporting Standard (IFRS) 17 by becoming the first local general insurance company to implement WTW’s ResQ Financial Reporter (FR) and engage WTW as the main advisor for the implementation. “Being the pioneers among general insurance companies in Sri Lanka to embrace WTW’s ResQFR solution is a testament to our dedication. This s

Sri Lanka’s first creative green map launched

Good Life X, partnering with the European Union National Institutes for Culture (EUNIC) cluster organizations, has brought forth a first-of-its-kind initiative to collect and document Sri Lanka’s creative practitioners, be it individuals, collectives, organizations or businesses on a digital and printed map. The participants on the map are selected based on their practice working with topics related to sustainability, circularity and symbiotic r

Intrepid Travel chief Darrell Wade visits Sri Lanka

The Chairman and Co-Founder, Darrell Wade of Intrepid Travel visited Sri Lanka recently. Darrell’s visit serves as a reaffirmation of Intrepid’s commitment to Sri Lanka within its 2030 strategy. “Our commitment entails further strengthening the capabilities of the Colombo Centre of Excellence. We will achieve this by fostering greater economic growth in Sri Lanka, supporting a vibrant tourism industry and engaging in local community philanthropy,

Lankan companies explore cutting-edge food technology in Germany

A delegation of nine distinguished representatives from Sri Lanka, representing key stakeholders from the Ministry of Agriculture, Elpitiya Plantation, Eastern and Allied Agencies Limited, and Hettigoda Industries (PVT) Ltd, recently embarked on a visit to the Anuga FoodTec trade fair in Köln, Germany. Organized by the Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka), this initiative aimed to immerse the delegates in the la

EY Global Delivery Services Sri Lanka celebrates two years of growth and success

EY Global Delivery Services (GDS) celebrated its second year in Sri Lanka this week. EY GDS is a globally integrated network of over 75,000 professionals across 10 countries dedicated to providing innovative business solutions to EY member firms to support EY clients worldwide. EY GDS Sri Lanka has quickly solidified its foothold in Asia-Pacific, working alongside EY GDS operations in India and the Philippines to create a nearshore hub for EY m

CODEGEN Innovation to operate in Colombo Port City

CODEGEN Innovations has been approved as a secondary business of strategic importance to operate in the Colombo Port City special economic zone. The Cabinet of Ministers approved the proposal presented by President Ranil Wickremesinghe, in his capacity as Minister of Investment Promotion, to grant the exemptions or incentives, as per the directives of the Colombo Port City regulations. The company, a division of the CODEGEN Group, is a technolo

Biscuits Beyond Borders

Maliban Biscuit Manufactories, a household name in Sri Lanka with a rich history spanning 70 years, stands at a pivotal point in its journey. As the Sri Lankan market reaches saturation in its segment, Maliban is strategically shifting its focus towards global expansion while consolidating its presence at home. In an exclusive interview with Mirror Business, Maliban Group Managing Director A. G. Kumudika Fernando and Group Chief Executive Office

Baltimore bridge crash causes supply chain concerns

BBC: Concerns have been raised of a “ripple effect” on global supply chains after a container ship, that was heading towards Sri Lanka, crashed into a bridge in the US city of Baltimore.

Economic Transformation Bill aims to drive forward country’s development

The Economic Transformation Bill, along with the revisions proposed by the Attorney General, received the Cabinet nod this week, where the instructions furnished by President Ranil Wickramasinghe to instruct the Legal Draftsman to formulate a draft of the bill were approved. The bill establishes institutions such as the Economic Commission, Sri Lanka Zones of Investment, International Trade Office, Sri Lanka Economics and International Trade Inst