Flexiprint wins two awards at CNCI Achiever 2023

Flexiprint (Pvt) Ltd, the manufacture of packaging necessities for tea bags, tea tags, tea envelopes, pyramid tags attached mesh, and labels/stickers won the coveted National Bronze Award and the Top Ten Award in the National Level Extra-Large Manufacturing Category at the CNCI Achiever Awards for Industrial Excellence 2023 organized by the Ceylon National Chamber of Industries. The ceremony was held on October 18 at the Galadari Hotel, Colombo.

Exterminators expands operations to Southern Sri Lanka

Pest management company Exterminators PLC recently announced its expansion into the southern region of the country in technical collaboration with Sentario Pest Management United Kingdom. This new office aims to cater to the pest management needs of the districts of Galle, Matara, Hambantota, Monaragala, South Kalutara, and South Rathnapura.The office is located in a prominent location in Rillamba, Galle Road, Rathgama, Galle. With the opening o

Tharaka Time House celebrates 50 years of excellence

Think luxury, think watches, think sophisticated elegance that has stood the test of time and what springs to mind? Tharaka Time House of course ! “Our store in Colombo Sri Lanka is recognized as an Official Rolex Retailer, as we only sell genuine Rolex timepieces” says Senior Partner of Tharaka Time House ,Tharaka Jayatissa, whose father Athauda Arachchchige Somasiri Wimaladasa Jayatissa opened his first Rolex outlet in 1973 . “This year we ce

Inflation accelerates to 1.5% in October

Sri Lanka’s official headline inflation measured by the Colombo Consumer Price Index (CCPI) accelerated to 1.5 percent in October on a year-on-year (YoY) basis from 1.3 percent a month ago, the data released by the Department of Census and Statistics showed. The food deflation continued for the fourth consecutive month and remained unchanged at 5.2 percent in October compared to the previous month. The non-food inflation increased to 4.9 percent

Advocata slams PUCSL for “discriminatory” electricity tariff revision

Colombo-based economic think-tank, Advocata Institute, slammed the electricity tariff revision approved by the Public Utilities Commission of Sri Lanka (PUCSL) calling it “discriminatory”. In a strong-worded statement to the media, Advocata stressed a well-defined and appropriate tariff structure must balance the financial sustainability of the sector on the one hand and the well-being of various segments of society on the other. “The CEB’s tari

Lower impairment charges boost Seylan Bank 3Q earnings

Seylan Bank PLC reported higher earnings for the quarter ended September 30, 2023 (3Q23) amid sharp decline in impairment charges, the interim financial accounts released to the Colombo Stock Exchange, showed. The banking group reported earnings of Rs.3.21 per share or Rs.1.97 billion for 3Q23, compared to earnings of Rs.1.69 per share or Rs.1.05 billion reported for the corresponding quarter, last year. The banking group reported a net interest

Uber appoints Kaushalya Gunaratna as new head of its mobility business

Uber, the leading ridesharing app, yesterday announced the appointment of Kaushalya Gunaratna as Country Manager of Uber - Sri Lanka. In her role as....

5G-ready iPhone 15 lineup now available at Dialog

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider and the only authorised One Number and eSIM service provider for iPhones and Apple Watches in Sri Lanka, launched the all-new...

Asia Pacific Technology Systems celebrates 15th anniversary

Asia Pacific Technology Systems (Pvt.) Ltd (APTS) celebrated its 15th successful year in operation at the Shangri-La hotel recently. The event was graced by long-standing clients...

Microsoft Sri Lanka leads way in harnessing AI for business transformation

Microsoft Sri Lanka recently hosted ‘Leading the Era of AI’, an event that presented a unique opportunity for partners and customers – from a cross section of industries, including banking and finance....

Latest addition to Lenovo’s consumer and gaming portfolio now in Sri Lanka

IT Gallery Computers (Pvt.) Ltd, a prominent player in the IT distribution market since 2011, recently unveiled the latest additions to Lenovo’s consumer and gaming portfolio in Sri Lanka. Amongst...

SLT-Mobitel becomes SL’s first ICT service provider to join Oracle Partner Network

SLT-Mobitel, Sri Lanka’s national ICT solutions provider, has become the country’s first service provider to join the Oracle Partner Network (OPN), a global community designed to enable partners...

99x launches scholarship programme for future tech leaders 

99x has launched an inspiring scholarship programme aimed at empowering young minds, who have excelled in their Ordinary Level and Advanced Level examinations. The scholarship...

Government updates development partners, private sector on progress

The government yesterday held a roundtable discussion with the country’s development partners and the private sector over the progress Sri Lanka has achieved since the unprecedented economic...

Free visa scheme to come into effect only after Immigration Dept. gazette: SLTDA

The Sri Lanka Tourism Development Authority (SLTDA) said yesterday that the free visa programme for seven countries that received the Cabinet nod recently will only come into effect after the Department....

Sri Lanka gears to introduce new Employment Act

Sri Lanka is gearing up to introduce a new Employment Act, Cabinet Spokesperson Minister Bandula Gunawardana said yesterday. He said the Minister of Labour....

Professional banker Shashi Kandambi appointed as LSUG Chairperson

Sampath Bank Senior Deputy General Manager International Banking Shashi Kandambi was elected as Lanka SWIFT User Group (LSUG) and National Member Group Chairperson, at the EGM...

ComBank’s ‘Vibe’ brings youth dreams to life via AI and wins WIM New Generation award

A ground-breaking digital marketing campaign powered by generative artificial intelligence (AI) to promote the Vibe youth account of Commercial Bank of Ceylon has won the Youth Campaign...

HNB launches ATM Dynamic Currency Conversion at Doctor’s House, Matara

Providing foreign cardholders with convenient access to currency conversion, Sri Lanka’s leading private sector bank HNB PLC announced the launch of the Dynamic Currency Conversion....

New Italian Ambassador visits BOI

Italian Ambassador to Sri Lanka Damiano Francovigh visited the Board of Investment (BOI) on Tuesday for a briefing on the current investment climate and opportunities in several sectors....

President to inaugurate Sri Lanka Economic Summit 2023

Sri Lanka Economic Summit 2023, the premier and most anticipated annual economic event in Sri Lanka, will be inaugurated by President Ranil Wickremesinghe, under the theme ‘Sustain Reform....

BOC revives country’s SME sector with BOC Energizer

In support of the Government of Sri Lanka’s move to achieve stability in the domestic economy and banking sector, Bank of Ceylon (BOC) has committed with an initial funding arrangement....

Govt. to raise VAT to 18%  to meet IMF revenue targets

The government yesterday announced plans to hike Value-Added Tax (VAT) to 18 percent from the current 15 percent to meet the revenue targets set by the International Monetary....

Cabinet approves decision to hike VAT to 18%

Cabinet approval has been granted to increase Value-Added Tax (VAT) to 18 percent from the current 15 percent with effect from January 1, 2024, Cabinet Spokesperson Minister Bandula Gunawardana said this morning.

Fresh blow to hotel sector as electricity tariffs rise again

The local hotel sector is facing another jolt with Sri Lanka announcing another electricity tariff increase, which came into effect on October 21.

Transparency gaps in budget implementation soar

The lack of transparency in the implementation of budget proposals has increased sharply in 2022 and 2023, a systematic evaluation by Verité Research revealed.

iPhone 15 Pro, bill wipe-outs and other prizes for ComBank credit card users

Exciting prizes including a coveted iPhone 15 Pro can be won by credit card holders of the Commercial Bank of Ceylon with a monthly spend of more than Rs. 50,000 on their Cards under a year-end promotion announced by the bank. The promotion runs till the end of 2023, and any ComBank credit card holder who pays by card for purchases to the stipulated minimum value will be eligible to go into the monthly draws for the prizes, the bank said. Besides

LOLC Al-Falaah shines as ‘South Asia’s Brand of the Year’

LOLC Al-Falaah announced its outstanding achievements in the realm of Islamic finance, clinching two distinguished Gold awards and two Silver awards at the Islamic Finance Forum for South Asia (IFFSA) Awards 2023. The pinnacle of the accolades is the “South Asia’s Brand of the Year” Gold award, followed by the “South Asia’s Islamic NBFI of the Year,” which has been secured for the third consecutive year. The Silverware was awarded for “Islamic E

Amãna Bank and Daraz join forces to enhance Children’s Savings Rewards experience

Amãna Bank has partnered with Daraz, Sri Lanka’s e-commerce marketplace, to offer the bank’s Children’s Savings Account holders an innovative gifting experience. Through this partnership, eligible children’s savings account holders will be rewarded with online gift vouchers that can be redeemed for purchases on the Daraz application or website. This new rewards scheme gives children the opportunity to select a desired item from a collection of

DFCC Bank celebrates International Customer Service Week

DFCC Bank marked International Customer Service Week 2023 with a series of events that resonated with this year’s theme, ‘Team Service’. A series of internal and external events and activities were organised to mark the occasion, including the DFCC Staff Quiz, the flagship event, and various internal communications and activities that included inspiring quotes, podcasts, and other efforts to promote team spirit. The week started with messages of