CTC honours excellence at annual Distributors Awards ceremony

Ceylon Tobacco Company PLC (CTC) recently hosted its annual Distributors Awards ceremony at the Sri Lanka Exhibition and Convention Centre (SLECC), recently. The annual awards....

Virtusa named as No.1 in technology sector among SL’s Most Respected Entities for 2023

Virtusa, a global provider of digital strategy, digital engineering and IT services and solutions, was named as the leader in the technology sector for yet another consecutive year by LMD Magazine....

MiHCM appoints Himashie Perera as General Manager of Partnerships and CEO’s Office

MiHCM, a global provider of digital human capital management (HCM) solutions, announced Himashie Perera’s appointment as General Manager of Partnerships and CEO’s Office. This appointment....

Emirates and SriLankan establish reciprocal interline partnership

Emirates and SriLankan Airlines have signed a reciprocal interline agreement to boost connectivity for passengers of both airlines. The partnership will enable access to new points on each other’s networks via Colombo and Dubai, utilising a single ticket and enjoying the convenience of baggage transfers.`

National Fuel Pass Receives Prestigious Digital Inclusion Award at GSMA M360 APAC 2023 Developed for Ministry of Power and Energy by Dialog, MillenniumIT & ICTA

The GSMA M360 APAC 2023 Awards honoured Dialog Axiata PLC with the prestigious ‘Excellence in Digital Inclusion Video Award’ for its exceptional use of mobile technology in digitally advancing the nation, as exemplified through the ‘National Fuel Pass’ initiative, developed in collaboration with partners MillenniumIT ESP and ICTA, under the aegis of the Ministry of Power and Energy. The National Fuel Pass was introduced in August 2022 to effectiv

SLGJA Jewellery Design Competition 2023 moves to next stage

The Jewellery Design Competition 2023 conducted by the Sri Lanka Gem & Jewellery Association under the theme ‘Celebrate Sri Lanka’, received an overwhelming number of entrants, with many professional and aspiring jewellery designers submitting a range of creative and attractive designs. The first round of judging of the designs took place recently in the presence of a judging panel comprising of Indira Malwatte, as well as fashion designers Son

Sri Lanka’s battle against NCDs: Is the Sugar-Beverage Tax doing enough?

Non-communicable diseases (NCDs) lead to around 120,000 deaths in Sri Lanka each year, constituting 83 percent of the overall recorded deaths. The revised National Policy and Strategic Framework for the Prevention and Control of NCDs is a positive initiative by the government to address this. Such policies can play a crucial role in promoting healthier lifestyles, preventing NCDs, and improving overall public health. However, the question that l

PA to host 169th AGM

The Planters’ Association of Ceylon (PA) will be hosting its 169th Annual General Meeting on September 22. This event will be graced by the distinguished presence of Dewi Gustina Tobing, Ambassador of Indonesia to Sri Lanka, reaffirming the strong agricultural relationships between the two nations, while Niraj De Mel, Chairman of the Sri Lanka Tea Board, will be participating as the guest of honour. The 169th AGM will see the appointment of the C

LOLC Divi Saviya surpasses 2000 schools

LOLC Divi Saviya’ launched in February 2023, has been a beacon of hope for the most deserving children across Sri Lanka. This ambitious project has now successfully reached out to 2000 schools as at date, transforming the educational journey of countless children. To commemorate this momentous occasion, a special event was o

Oil prices continue to rally on tight supply

REUTERS: Global oil benchmark Brent crude hovered above US $ 94 a barrel yesterday, with investors focused on the prospect of a widening supply deficit in the fourth quarter after Saudi Arabia and Russia extended supply cuts. Brent crude futures rose 52 cents to US $ 94.45 a barrel by 1039 GMT while U.S. West Texas Intermediate crude futures were up 66 cents at US $ 91.43.

President meets WB Chief

President Ranil Wickremesinghe met with World Bank President Ajay Banga at the United Nations headquarters yesterday. The President’s Media Division said a fruitful discussion was held between the two leaders. Wickremesinghe met with Banga on the sidelines of the Sustainable Development Goals Summit in New York that will come to a close today (19).

ADB names ComBank as its ‘Leading Partner Bank’ in Sri Lanka for 3rd year

Commercial Bank of Ceylon has been declared as the Asian Development Bank’s (ADB) ‘Leading Partner Bank’ in Sri Lanka for trade and finance transactions, in a significant reaffirmation of the bank’s contributions in that sphere to the national economy. This is the third consecutive year that Commercial Bank has been honoured with this title at the ADB Trade and Supply Chain Finance Programme (TSCFP) Awards that recognise the contributions of lead

Singapore-based GoodHope extends closing date of exit offer

Singapore-based GoodHope Asia Holdings PLC (GAHL) announced the decision to extend the closing date of the exit offer, in its move to delist from the Colombo Stock Exchange (CSE). In a filing to the capital market operator yesterday, GAHL announced the extension of the closing date of the exit offer to October 10, 2023, from September 18, 2023.

TIFA Council Meeting addresses diverse set of policies impacting economic, social development

The TIFA Council Meeting that was held yesterday says the delegations from both sides addressed an array of policies that impacts the country’s economic and social development. Some of the areas deliberated upon included policies on the investment climate, recent labour reforms, intellectual property (IP) protection and enforcement, customs and trade facilitation, technical barriers to trade and market access for apparel, gem and jewellery and ag

US TIFA talks affirm resilience of Sri Lanka: US Ambassador Chung

The United States (US) coming to Sri Lanka to discuss bilateral trade and investment speaks not only to the resilience of the Sri Lankan people but also to the hard work of Sri Lanka’s dedicated public servants, US Ambassador to Sri Lanka Julie Chung said. Addressing the 14th Council Meeting of the Trade and Investment Framework Agreement (TIFA) in Colombo yesterday, Chung noted that the challenge looking ahead for Sri Lanka is not just one of su

President Wickremesinghe calls for effective cooperation mechanisms within G77 and China

President Ranil Wickremesinghe called for effective cooperation mechanisms within the G77 and China, to help address the global development challenges. He asserted the need to revitalise the Consortium on Science, Technology and Innovation for the South (COSTIS) and commitment of member countries to earmark one percent of their GDP for R&D over a decade. Wickremesinghe made his comments while addressing the G77 and China Summit in Cuba on Friday

Blue Diamonds explores influencer co-designed jewellery collections for retail market expansion

Blue Diamonds Jewellery Worldwide PLC (BDJW) opened doors to its Design & Innovation Centre at the Katunayake Export...

Inivos successfully hosts Transform 2.0 event

Inivos Consulting (Pvt.) Ltd recently hosted Transform 2.0 for the second consecutive year at the luxurious Grand Ballroom...

C. W. Mackie PLC hands over the refurbished Accident and Emergency Ward and newly built Mini Surgical Theater to the Anuradhapura Teaching Hospital

C. W. Mackie PLC, a renowned conglomerate dedicated to manufacturing, exporting, and importing an extensive array of products...

Winning CV facilitates 2000+ Middle East job placements in 18 months

Winning CV, a leading global talent acquisition and management consultancy, has set an unparalleled benchmark in the Middle East...

People’s Bank appoints 500 new customer service assistants

Letters of appointment were awarded recently to the newly recruited 500 customer service assistants of People’s Bank, at an event...

Vallibel Finance opens Wariyapola branch

Vallibel Finance, cementing its presence islandwide, inaugurated its Wariyapola branch recently to serve customers in the....

Motor insurance revolutionised with HNBGI ‘03 in 01’

In response to the dynamic changes within the motor insurance landscape, HNB General Insurance (HNBGI) introduced the all-new....

Amana Bank expands reach with ATM at Cool Planet Department Store

Amana Bank announced the commissioning of its latest ATM at the recently opened Cool Planet Department Store, located...

HNB partners Pay&Go to roll out POS systems for small and medium enterprises

Empowering small and medium enterprises (SMEs) at the grassroots, Sri Lanka’s leading private sector bank HNB PLC partnered....

SLTDA shares guidelines governing MRR as it comes into effect on October 1

The Sri Lanka Tourism Development Authority (SLTDA) on Friday (15) shared with the hotel sector the guidelines with which the Minimum...

Sri Lanka’s first precious metal refinery using e-waste inaugurated

Ceylon Waste Management Refinery announced the inauguration of Sri Lanka’s first-ever precious metal refining factory, which uses...

FIU stresses need for SL to comply with FATF 40 Recommendations

SL’s third Mutual Evaluation set for March 2025 High-level delegation from the Asia Pacific Group on Money Laundering....

August PMI indicates expansion in services, softening of contraction in manufacturing

Sri Lanka’s Purchasing Managers Indices (PMI) in August 2023 indicated an expansion in services activities and a softening of the ....

Nepali billionaire Binod Chaudhary-owned firm gets approval to buy stake in Union Bank

CG Capital Partners Global Pte. Ltd., a private company incorporated under the laws of Singapore has received approval from the Monetary....