3P Media, Official Media Sales Representative for Google in Laos

3P Media is now the Official Media Sales Representative for Google in Laos and Brunei, marking its entry into Southeast Asia as a go-to market specialist for global advertising platforms. Since 2022, 3P Media has represented Google in Sri Lanka, supporting 750+ clients to grow their businesses with Google Ads. 3P Me

Dentsu’s Isobar secures 7 awards at SLIM Digis 2.3 cementing leadership in gaming marketing

Isobar, a brand belonging to Dentsu Communications, has once again emerged as the undisputed leader in gaming marketing in Sri Lanka, securing a total of seven awards at the prestigious SLIM Digis 2.3. The awards, span

SLT Group records moderate growth for 3Q; Mobitel’s performance improves

The SLTGroup this week released its financial results for the third quarter ending September 30, 2023, presenting moderate growth

Colombo port transshipment container volumes rebound in Jan-Oct. period despite global economic woes

Transshipment container volumes at the Port of Colombo continued to rebound in the second half of the year up to October, with main shipping lines making carrier network changes to stay aligned with the current challenging market conditions, presenting m

Richard Branson’s Virgin Voyages picks Sri Lanka for maiden call to Asia

In a monumental stride for Sri Lanka’s tourism sector, Aitken Spence Travels yesterday announced the arrival of Sir Richard Branson’s Virgin Voyages’ newest ship, the Resilient Lady, making her maiden call to Asia and to the Colombo Harbour on November 13th. This historic eve

Global economy to slow down but likely avoid recession in 2024

REUTERS: Some of the major banks in the world expect global economic growth to slow further in 2024, squeezed by

SC clears two Monetary Board members from economic crisis cases

The Supreme Court in its recent judgment regarding two fundamental rights petitions filed over economic crisis, has decided not to make any adverse decisions or orders against two Monetary Board members President’s Counsel Sanjeeva J

Budget 2024 a “non-starter” for construction sector: CCI Chief

Despite the government’s attempt to introduce innovation to revitalise the local construction sector from its depressed state, industry experts assert that the proposals outlined in the 2024 budget are a “non-starter.” The C

LOLC to raise up to Rs.8bn via listed debt

LOLC Holdings PLC yesterday revealed plans to raise up to Rs.8 billion through a listed debt issue.

Drafting of new legislation underway to cement fiscal reforms: Treasury Secy.

In order to prevent the potential reversal of the progress achieved on the fiscal front and solidify the reforms implemented since last year, a string of new legislation is being drafted and some in their final stages before proceeding to parliament for approval, a top government official said.

Apparel sector eyes US $ 1bn exports to India in next few years

Sri Lanka’s apparel sector has no major hopes for export earnings reaching the US$6 billion level this year; however, it is striving to bag a bigger market share in its neighbouring giant, a top official of a leading apparel maker in the country said.

Sri Lanka faces uphill battle in meeting 2024 budget targets: Fitch

The targets laid out in Sri Lanka’s 2024 budget, particularly with regards to revenue and fiscal defect, would be challenging to meet even with the economic recovery that is expected to continue next year, Fitch Ratings yesterday said.

BOC delivers positive results in 3Q

Bank of Ceylon (BOC) has concluded the third quarter of 2023 on a positive note, demonstrating resilience in a challenging economic....

PA rallies stakeholders for swift action against Pesta leaf fall disease

The Planters’ Association of Ceylon (PA) yesterday called for urgent and broader collaboration across domestic and regional stakeholders....

PMI signals recovery with manufacturing contraction easing and services expanding

As widely anticipated, the Purchasing Managers’ Indices (PMI) provided a hopeful signal of the potential recovery by registering ....

COPF Chair cautions unrealistic revenue expectations could kill consumption

Despite the government’s presentation of ambitious plans in the 2024 budget, banking on the expected economic recovery, senior....

Tess Agro invests in tin can manufacturing plant to cater to local and export demand

Tess Agro PLC yesterday said it has invested in a tin can manufacturing plant on its factory premises on New Nuge Road, Kelaniya....

HNB Assurance Group records 21% GWP growth in third quarter

HNB Assurance PLC (HNBA) and its wholly owned subsidiary HNB General Insurance Limited (HNBGI) ended the third quarter with the Group....

NDB reports robust performance in first nine months

National Development Bank PLC posted enhanced income and profitability during the nine months ended 30 September 2023. The bank....

Pan Asia Bank’s internet banking excels among outstation branch customers

Pan Asia Bank in a simple ceremony recently felicitated its 50,000th Internet Banking customer and has observed increased registrations...

BOC relaunches ‘SmartPay’ app with added convenience

Bank of Ceylon (BOC) has announced the relaunch of their payment app ‘SmartPay’ with new features, enabling users to simply....

First Capital opens branch in Jaffna

First Capital Holdings PLC, a Janashakthi Group Company, recently opened its first branch in Jaffna, marking a significant step towards...

DFCC Bank wins Euromoney Cash Management – Market Leader Award for third consecutive year

DFCC Bank’s ‘iConnect’ Cash Management Solution has once again proved its mettle by securing the Euromoney Cash Management ...

SLES 2023 first session to highlight how to leverage fiscal stability to accelerate growth

With the highly anticipated Sri Lanka Economic Summit 2023 set to take place on November 28th and 29th under the theme ‘Sustain Reform....

Sampath Bank announces Annual Corporate Partnership with Sri Lanka Institute of Directors

Sampath Bank has announced its Annual Platinum Corporate Partnership with The Sri Lanka Institute of Directors (SLID), effective from ....

Gerald Hidelaratchi honoured at ISMM Sri Lanka’s 51st anniversary

Gerald A. Hidelaratchi was honoured by the Institute of Supply and Management Chain at the 51st anniversary of ISMM....

ComBank embarks on countrywide tree planting campaign

The Commercial Bank of Ceylon has embarked on an ambitious nationwide tree planting campaign to plant 100,000 trees across....

WindForce appoints Harin Udeshi as Independent Non-Executive Director

WindForce PLC has announced the appointment of Harin Udeshi as an Independent Non-Executive Director to the Board, effective....

HELVETAS promotes youth-led advocacy initiatives for local development

Understanding the importance of national outreach and collaboration of like-minded state and non-state institutions in pursuing...

Puredale Kirithe wins Gold at National Industry Excellence Awards

Puredale recently won a coveted Gold Award at the National Industry Excellence Awards 2023. Organized by the Industrial....