Uber makes driver welfare push with ‘Nawa Gamanak’

In a bid to improve experience for four-wheeler drivers on the platform, Uber has launched a new initiative ‘Nawa Gamanak’ – introducing a slew of new features on the app and a driver loyalty programme. The new features will expand earning opportunities for drivers and provide them more choice and transparency each time they drive on Uber. Drivers will now be able to view their expected earnings upfront when they get a trip request besides gettin

Access Motors launches Absolute Detailing and Tyre Shop at IOC premises

Access Motors, synonymous with automotive quality has introduced its inaugural stand-alone detailing and tyre shop – Bodyshop by Access Motors Absolute Detailing. Strategically located at the IOC premises in Kirimandala Mawatha, Colombo 05, this milestone marks a significant expansion of Access Motors’ service portfolio, offering a comprehensive one-stop solution for all car appearance needs. Elevating your driving experience, Access Motors Abso

DIMO hosts exclusive evening for Mercedes-Benz clients

DIMO hosted an exclusive evening – The Mercedes-Benz ‘StarDiscovery+’ to uncover the mysteries behind the iconic three-pointed ‘Star’ for their Mercedes-Benz clients recently. The StarDiscovery+, led by Mercedes-Benz AG trained technical experts, took attendees on a journey of Model-Specific Technical Advice. Expert tips and insights into the art of servicing and maintaining these precious ‘Stars’ left guests enchanted, immersing them in the wor

John Keells Properties joins with Union Bank to provide mortgage packages for ‘Viman’ Ja-Ela

John Keells Properties has partnered Union Bank, to provide innovative and attractive mortgage solutions for ‘Viman’ Ja-Ela, John Keells Properties’ latest residential project, providing customers with enhanced financial flexibility and seamless access to their dream homes. In today’s financial climate, marked by a reduction in interest rates and low yielding fixed income options, real estate stands out as a compelling opportunity. The innovative

SLT-Mobitel partners with Capitol Developers ‘TwinPeaks’

SLT-Mobitel, the national ICT solutions provider, has partnered with Capitol Developers, a part of the Sanken Group and pioneer in the nation’s construction industry, to provide the Capitol TwinPeaks luxury mixed development project with SLT-Mobitel Fibre and Smart Home services. The Memorandum of Understanding (MOU) was signed recently between Imantha Wijekoon, Chief Business Officer, Consumer Business- SLT-Mobitel, and Rohana Wannigama, Managin

CIOB industry research unveils real cost of construction in Sri Lanka

The Ceylon Institute of Builders (CIOB) has proved that the construction cost in Sri Lanka is now in par with our neighbouring countries namely Malaysia, Indonesia & Bangalore. Therefore, Sri Lanka is in a position to attract foreign direct investment to the projects planned by the BOI. In the Year 2022, there had been a sharp increase of construction costs due to economic crisis in the country with import restrictions, resulting in material shor

99x achieves ISO 27001: 2022 certification

99x announces its successful achievement of the ISO 27001:2022 certification, a globally recognised standard for information security management systems (ISMS). This accreditation underscores 99x’s unwavering commitment to ensuring the highest standards of information security, maintaining the confidentiality, integrity and availability of data across all its operations. The ISO 27001:2022 certification is a testament to 99x’s dedication to prot

John Keells group’s Start-Up-Cycle concludes with Demo Day

Plasticcycle, the social entrepreneurship project of the John Keells group, concluded its inaugural Start-Up-Cycle initiative, with the Demo Day recently. Start-Up-Cycle is the challenge platform of Plasticcycle, launched in collaboration with John Keells X, the group’s start-up accelerator and John Keells Research, the group’s R&D and innovation arm, with the objective of empowering Sri Lankan entrepreneurs and innovators to address the plastic

Ritz Clothing marks new chapter with expansion of Nikaweratiya factory

Ritz Clothing, a longstanding and respected player in Sri Lanka’s apparel sector, traces its roots back to the visionary initiation of the 200 Factories project of the early 1990s by the late President Ranasinghe Premadasa. At the helm of this dynamic enterprise, Chandrasena Kodikara has and continues to play a pivotal role in developing factories across the country. Notably, as a visionary businessman and community leader, Kodikara has acquired

Beliatta Exim Holdings secures Bronze at National Industry Excellence Awards 2023

Beliatta Exim Holdings Private Limited, a leading food manufacturer based in Sri Lanka, secured the Bronze award under the fruit and vegetable products category at National Industry Excellence Awards 2023, organised by the Industrial Development Board (IDB). The award ceremony was held recently at the Nelum Pokuna Mahinda Rajapaksa Theatre in Colombo, under the patronage of President and Finance, Economic Stabilisation and National Policies Mini

Hutch introduces 9-app social media plan with unmatched pricing

Hutch, a prominent player in the Sri Lankan telecommunications industry, announces a groundbreaking shift in connectivity dynamics with its latest social media plans. Renowned for delivering unmatched value for money, Hutch is committed to meeting subscriber demands by staying attuned to market trends and amplifies its dedication to meeting the evolving digital needs of its customers. Hutch is breaking new ground in the industry with its unique

Softlogic Glomark now inspires Wattala

As a revolutionary modern trade retailer in the market, Softlogic Glomark expands its presence even further in the Sri Lankan modern trade sphere, with another one-of-a-kind global supermarket experience in Wattala. Glomark Wattala was ceremoniously opened at No. 549, Hendala Road, Wattala, providing an international shopping experience, with its access to a wide selection of products sourced from local and international markets coupled with exc

IMF wants SL to finalize deals with creditors ahead of second review in June

Sri Lanka needs to enter into agreements with its official and private creditors before the second review of the Extended Fund Facility (EFF), which is expected to be concluded by the end of the first half of next year, IMF Senior Mission Chief for Sri Lanka, Peter Breuer said.

Orit Apparels adorned with Gold for second consecutive year at NCE Awards 2023

Orit Apparels Lanka (Pvt.) Ltd claimed the Gold award among the extra large companies in the textile and garment sector for the second consecutive year, at the NCE Awards ceremony recently. Being adorned with the prestigious Gold award on a momentous back-to-back win has put Sri Lanka’s premier denim manufacturer on a winning streak, backed by strong business results, Orit’s sheer commitment to sustainability and operational excellence in the ma

Sri Lanka projected to end 2023 with US $ 3.8bn foreign reserves: IMF

Sri Lanka’s gross foreign reserves are projected to reach US $3.8 billion by the end of 2023, according to International Monetary Fund (IMF) projections.

President asserts no sector will be exempted from VAT, including IT

The increase in Value Added Tax (VAT) will be applicable to all sectors across the board, and no industry, including IT, will be exempted from the policy that will go into effect from January 1, 2024, asserted President Ranil Wickremesinghe.

Australia’s United Solar secures approval for US$ 1.7bn SL project

The Cabinet of Ministers this week approved a proposal from Australia’s United Solar Group to invest US$ 1.73 billion....

Dr. Senthilverl ups Amana Takaful Life stake above 10%  

High net worth but low-profile individual Dr. T. Senthilverl through his Senthilverl Holdings Pvt Ltd has increased his stake in Amana Takaful ....

China Civil Engineering Construction Company secures contract for Ratmalana power set facility

The government has decided to award the contract for the design and construction of Ratmalana Railway Diesel Power Set Factory....

SL tourism fulfils 66% revenue target set for 2023

Sri Lanka’s tourism industry has managed to fulfil nearly 66 percent of its revenue target for the first 11 months of the year, with November earnings totalling US$ 205.3 million. The provisional....

Australia’s United Solar secures approval for US$ 1.7bn solar project

The Cabinet of Ministers this week approved a proposal from Australia’s United Solar Group to invest US$ 1.73 billion to construct a 700 MW solar power plant with a battery energy storage system at Poonakary....

Cabinet greenlights committee to expedite implementation of renewable energy projects

The Cabinet of Ministers this week gave its approval to establish a collaborative standing committee comprising representatives from various key institutions to expedite the implementation of renewable...

India’s U-Solar wins US$ 11mn contract to supply power to Jaffna Peninsula islets

India’s U-Solar Clean Energy Solutions has bagged a US$ 11 million contract to supply electricity to the residents of Delft, Nainathivu, and Analathivu islets in the Jaffna peninsula. The contract is being....

ComBank raises Rs. 12bn as debentures snapped up on opening day

The Commercial Bank of Ceylon yesterday raised Rs. 12 billion in capital with its debenture issue closing after oversubscription on its opening day (December 12). It offered...

Dutch Lanka Trailer  becomes UML’s fully-owned subsidiary

Dutch Lanka Trailer Manufacturers Limited (DLT) officially became a fully owned subsidiary of United Motors Lanka PLC (UML) yesterday with the conclusion of a Share Purchase Agreement....

SLTB to buy oil and lubricants from Lanka IOC and Chevron Lubricants Lanka

The Sri Lanka Transport Board (SLTB) is poised to procure the necessary oil and lubricants necessary for its operations from Lanka IOC PLC and Chevron Lubricants Lanka PLC. The Department...

ADB stresses need to get homestay owners registered under SLTDA

The Asian Development Bank (ADB) yesterday stressed the need to get more of the homestay owners to register with the Sri Lanka Tourism Development Authority (SLTDA) and ensure they are captured....

Arosha to represent Sri Lanka in Taiwan

This year, Global Study Programme for ‘Future Leaders’ from Indo-Pacific Region will be conducted by the Foreign Affairs Ministry in Taipei, the capital city of Taiwan, over a period of one....

Sunil Dissanayake appointed as Jaffna University Visiting Faculty Member

Sunil Dissanayake, retired DG of the BMICH and hospitality/MICE and HR professional, has been appointed as a Visiting Faculty Member for the Business Administration Honours Degree in Tourism....

SEC/CSE Varsity Battles 2023 ends on high note

Varsity Battles 2023, the inaugural inter-university capital market quiz competition, organised by the Securities and Exchange Commission of Sri Lanka (SEC) and Colombo Stock Exchange...