EFC pilots Grievance Handling Guidelines for businesses with ILO collaboration

The International Labour Organization (ILO) has invited the Employers’ Federation of Ceylon (EFC) to initiate a pilot project to launch Grievance Handling Guidelines that were formulated through several workshops conducted in 2019 in consultation with ILO constituents. Giriulla Mills Ltd, HNB Assurance Ltd, HNB General Insurance Ltd, Cambio Software Engineering and Taj Bentota Resort and Spa, volunteered to participate in this project. They repr

IMM Consult Expands Global Presence with New Office Opening in Colombo, Sri Lanka

IMM Consult, a leading migration consultancy firm headquartered in Dubai, is excited to announce the grand opening of its newest office in Colombo, Sri Lanka.

CB tells non-compliant banks to align interest rates with October targets

Banks, which have not yet aligned their interest rates with the October targets, have been explicitly notified to promptly make the necessary....

Bill & Melinda Gates Foundation to support SL’s agri modernisation, digital public infrastructure

In a significant development at the 28th Conference of the Parties (COP28) in Dubai, President Ranil Wickremesinghe engaged....

Sri Lanka aims to complete East Container Terminal construction by mid next year

The Sri Lanka Ports Authority (SLPA) aims to complete the construction of the East Container Terminal (ECT), the largest container ....

Sri Lanka pushes for evidence-based tourism policy with fully-fledged Tourism Satellite Account

Moving towards evidence-based informed tourism policy to better plan the tourism sector with precision in line with sustainable goals....

Prabhash Subasinghe joins Sampath Bank’s director board

Sampath Bank PLC, the third largest private bank in Sri Lanka, has appointed Prabhash Subasinghe to its Board of Directors....

BoP remains a surplus through October despite mounting pressures

Despite the expanding trade deficit, Sri Lanka’s Balance of Payment (BOP), reflecting the net outcome of transactions, investments.....

Local construction sector reaches neutral territory after 20 months

After a hiatus of nearly two years, Sri Lanka’s construction sector is showing signs of revival, with State-funded projects resuming ....

External reserves inch up in October as Sri Lanka recovers from worst currency crisis 

Sri Lanka ended October with slightly higher foreign currency reserves of US$ 3,569.0 million from US$ 3,540.0 million in September, continuing the slow but gradual momentum in rebuilding....

Macubator by Guardian Angels Fund empowers aspiring entrepreneurs to launch innovative start-ups

Boosting innovation and fuelling business acumen, Macubator, the external accelerator by MAC Holdings (Pvt.) Ltd, offers an exciting platform to give wing to the start-up ambitions of aspiring....

Cleanline Linen acquires Ananke Laundry in Unawatuna

Cleanline Linen Management, a distinguished laundry provider for the tourism sector in Sri Lanka, proudly announces the successful acquisition of Ananke Laundry in Unawatuna. This strategic....

Coca-Cola Beverages Sri Lanka and Sathosa Lanka renew strategic alliance

In a significant move to enhance the availability and accessibility of Coca-Cola products across Sri Lanka, Coca-Cola Beverages Sri Lanka (CCBSL) and Lanka Sathosa Limited have announced....

Abans presents first key for locally assembled Hyundai Grand i10 at Colombo Motor Show

At the recent Colombo Motor Show, Hyundai Abans, the authorised distributor of Hyundai vehicles in Sri Lanka, achieved a noteworthy accomplishment by handing over the inaugural key to the locally....

Liquid Island clinches Gold at National Industry Excellence Awards 2023

Liquid Island, the manufacturer of Sri Lanka’s pioneering natural mineral water brand Olu Tropical Water, received top recognition at National Industry Excellence Awards 2023 recently. The company...

BYD rolls off 6 millionth new energy vehicle

BYD, the world’s leading manufacturer of new energy vehicles and power batteries, achieved a historic milestone as its six millionth new energy vehicle rolled off the production line at the Zhengzhou....

Toyota’s Land Cruiser 70 Series reintroduced in Japan

Toyota has officially reintroduced the Land Cruiser 70 Series in Japan, a model whose origins date back to 1984 and that has stayed on sale in Australia. Its substantial overhaul....

RORO transshipment efficiency at highest levels at HIP

With several of the largest shipping lines in the RORO business now operating in and out of the Hambantota International Port (HIP), it has earned the ‘amongst the best in the world’ benchmark for handling....

SAGT wins award for Best Practices in Sustainability at Maritime SheEO Awards 2023

South Asia Gateway Terminals (Pvt.) Ltd (SAGT), Sri Lanka’s first public-private partnership container terminal and BOI flagship project, was awarded Best Practices in Sustainability, at the 2023....

SALOTA International marks 10 years of success

A major player among Sri Lanka’s international freight forwarding service providers, SALOTA International (Private) Limited stands tall as a huge pillar, celebrating its 10th anniversary under the visionary....

Shipping CEOs call for an end to fossil-only powered newbuilds

The chief executive officers (CEOs) of leading global shipping lines have issued a joint declaration at COP 28 calling for an end date for fossil-only powered newbuilds and urging the International...

Prioritise stimulating local demand to spur growth: Unilever SL chief

Sri Lanka needs to prioritise and focus on stimulating the local consumers, if the island nation is serious on achieving the aspired growth, the chief of multinational company Unilever said.

Colombo Tea Auction sees 5.1 MnKgs under hammer this week

The offerings at the Colombo Tea Auction totalled 5.1 million kilogrammes, which were met with good general demand, Forbes and Walker Tea Broker said.

HelaPay surpasses Rs.1bn digital transactions within two years

HelaPay, Sri Lanka’s fastest-growing digital payment brand, announced it has crossed Rs.1 billion in total transactions through its innovative payment method.

Sri Lanka in a conservation crisis, cautions Environment Ministry

While nations across the globe are battling with climate change and the impacts that follow, the Environment Ministry cautioned that Sri Lanka is in a conservation crisis.

Booking.com hackers increase attacks on customers

BBC: Hackers are increasing their attacks on Booking.com customers by posting adverts on dark web forums asking for help finding victims.

Mayleen Corporation takes SL’s Lion Beer to Kenya

Mayleen Corporation, a leading conglomerate of Sri Lankan and Kenyan origin, reached a new milestone together with Ceylon Breweries PLC by taking Lion Beer to the Kenyan market.

Samsung Electronics ranked as a Top 5 Best Global Brand for 4th straight year

Samsung Electronics was recognised by Interbrand, a global brand consultancy, as a Global Top 5 brand for the fourth year in a row.

Bondholders raise transparency issues over SL’s debt deal with official creditors

Sri Lanka’s bondholders yesterday expressed concerns about the poor transparency on the debt restructuring agreement reached between the government and creditors and stressed the need for engagement.

Sri Lanka flaunts inflation success story to the world

Central Bank Governor Dr. Nandalal Weerasinghe recently showcased Sri Lanka’s inflation success story at an event organised by the Federal Ministry of Germany, the Central Bank said in a brief press release. Governor Weerasinghe attended, by invitation, the Economic Dialogue Series held in Berlin under the theme ‘Inflation kills democracy: Fiscal rationality as the basis of functioning communities’ on November 21. “Governor Weerasinghe presented