Two apparel industry personalities join Teejay Lanka board

Teejay Lanka PLC has announced the appointment of two eminent apparel industry personalities, Bill McRaith and Shrihan B. Perera as independent, non-executive directors, effective 1st March 2024. Bill McRaith was in his last appointment, Chief Supply Chain Officer at PVH Corp., the American clothing company that owns brands such as Tommy Hilfiger and Calvin Klein. A native of Scotland and an Honorary Professor of Glasgow Caledonian University, M

HNBGI partners with SampathCards to make insurance trouble-free

HNB General Insurance announced a collaborative partnership with Sampath Bank to offer customers 12-month 0 percent interest payment plans on both motor and non-motor insurance policies. This marks HNB General Insurance’s collaboration with a non-group member bank, significantly expanding its reach and making insurance more accessible for a wider audience across Sri Lanka. Through this partnership, Sampath Bank credit cardholders can now enjoy t

SL apparel sparkle in Las Vegas

Export Development Board (EDB) in collaboration with Sri Lanka Missions in the USA, organised the Sri Lanka country pavilion at Sourcing at Magic Exhibition, in Las Vegas, USA recently with the participation of 11 Sri Lankan companies. Sourcing at ‘Magic Las Vegas’ is one of the world’s largest fashion marketplaces with a high-energy fashion experience, which is held biannually in February and August,at the Las Vegas Convention Centre. Timex Ga

Navigating turbulent seas: How geopolitical tensions shape tourism

Geopolitical tensions wield a profound influence on the global landscape, affecting various sectors, including tourism. As nations navigate diplomatic disputes, conflicts, and geopolitical shifts, the ramifications extend to the tourism industry, shaping traveler behavior, destination preferences, and market dynamics. Geopolitical uncertainties can disrupt travel patterns, deter tourists from visiting certain destinations, and alter the perceptio

Pearl Bay receives European Health Standard Certification

SplashBay @ Pearl Bay, the water leisure park in Bandaragama has secured the European Health and Safety Standard Certification from TÜV NORD on the occasion of its first anniversary celebration. A member of the David Pieris Group, Pearl Bay seamlessly integrates a water park, an FIA/CIK certified leisure and professional karting track, and additional attractions like an air rifle range and an archery bay. This certification not only marks a sign

Determinants of Executive Salaries and Benefits

With Justice Minister Dr. Wijeyadasa Rajapakshe insisting that salary increments for the public sector must be done in consultation with the Finance Ministry after a recent controversy, there is interest as to how executive pay and perks should and must be structured and how to put together a compensation philosophy, fix salaries for new and existing employees, design a pay mix, and structure short or long-term incentive plans, and also the use o

January construction activity exceeds neutral threshold

Sri Lanka’s construction sector for the first time saw its activity exceed the neutral threshold since January 2022.

Ceylon Electricity Board ends FY23 with massive profits

The financial performance of the Ceylon Electricity Board (CEB) is largely positive as it ended the financial year 2023 with a massive profit.

NSB GM receives APB honours

The Association of Professional Bankers (APB) felicitated National Savings Bank (NSB) General Manager and CEO Shashi Kandambi...

Union Bank FY2023 performance steadfast

Union Bank recorded a steadfast performance during FY2023, with an improved core banking performance with an 18 percent,....

Nations Trust Bank demonstrates steady performance in 2023

Nations Trust Bank (NTB) reported strong performance to close the financial year ending on December 31, 2023, demonstrating....

NDB introduces Privilege Junior Savings account

As a trailblazer in Privilege Banking, NDB Bank introduces its latest innovation, Privilege Junior Savings. This exclusive ....

New appointment to Janashakthi Life board

Janashakthi Life, a member of the Janashakthi group, announced the appointment of Dilip de S. Wijeyeratne as an Independent, Non-Executive...

Special rates from BOC for Women’s Day

Long-term champions of women’s empowerment through financial independence, Bank of Ceylon (BOC) marks the International Women’s Day....

ComBank with IFC develops MSMEs’ skills

Commercial Bank of Ceylon conducted 27 skills development programmes for micro, small and medium enterprises (MSMEs)...

Sri Lanka’s appeal as tourist hotspot grows stronger

Tourist arrivals to the island nation surpassed the 200,000 mark for the third consecutive month this February, affirming Sri Lanka is regaining its position as a sought-after destination among its key source markets.

Government unveils three-year plan to combat public sector corruption

The government has formulated a three-year action plan to tackle deep-rooted corruption in the public sector based on IMF’s...

Rising imports signal growing economy, may pressure currency

Merchandise imports appear to be getting a lift from the rising consumer spending and a recovering economy, which could...

Lending rates decline despite reversal in Bill yields

The market lending rates have continued their downward path. This is a sign that the previous monetary easing measures....

2023 safest for flying by several parameters

The International Air Transport Association (IATA) released its 2023 Annual Safety Report for global aviation. Aviation ....

Germany gets remote-controlled inland waterway shipping centre

Belgian expert in remote-controlled shipping Seafar and its partners, HKG Shipping and Reederei Deymann, have reportedly ...

SriLankan Aviation College gains NVQ accreditation

SriLankan Aviation College, the training arm of SriLankan Airlines, successfully gained the National Vocational Qualifications (NVQ)...

Emirates honours Sri Lanka’s top travel agents

Emirates has recognised its leading travel agents in Sri Lanka at a special gathering in appreciation of their support and ...

Emirates set for strong return to ITB Berlin

Emirates, the world’s largest international airline, will return to ITB Berlin from March 5 until 7, in a major way, showcasing...

New container shipping line established in Saudi

A new feeder and short-sea shipping company has been launched in Saudi Arabia to link the kingdom with other key ports....

SL tourism recovery under spotlight at ITB Berlin tomorrow

Sri Lanka Tourism is all set to give its best at the ITB Berlin 2024, which will kick off tomorrow in Germany. Sri Lanka will...

Balancing Act

In the roads of Colombo amid traffic congestion, a worker exemplifies the resilience of Sri Lanka’s informal sector. Balancing...

AHRP, SHRM to introduce Generative AI workshop for Lankan HR professionals

The Association of Human Resource Professionals (AHRP) has announced the introduction of a workshop focused on Generative Artificial Intelligence (AI) for local HR professionals. This pioneering initiative, conducted in partnership with the Society for Human Resource Management (SHRM), aims to equip Sri Lankan HR practitioners with advanced techniques, insights, and tools necessary to harness the power of AI, particularly Generative AI, in revol

‘Abans Tiken Tika Pay Chaarithraya’ to make Avurudhu more comfortable

Recognizing the financial challenges faced by customers, particularly during Avurudhu season with heavy expenses, Abans has devised a solution to alleviate the strain, introducing the Tiken Tika Pay Chaarithraya. The company has initiated flexible payment plans through hire purchase terms, and 0 percent interest payment plans of up to 40 months on selected credit cards at all Abans and Abans Elite showrooms island wide. Abans is to showcase an e

Medicare 2024 kicks off in Colombo

The 13th edition of ‘Medicare 2024’ kicked off yesterday at the Sirimavo Bandaranaike Memorial Exhibition Center. Medicare 2024 will be held over three days till the 3rd March, featuring 4 main expos i.e. National Healthcare Expo, Ayurveda & Herbal Expo, Medical Tourism Expo and Healthy Living Expo and featured a number of medical seminars and B2B interaction platforms. The Expo featured over 130 stalls from local and international organisation