LOLC among Sri Lanka’s most admired companies for third consecutive year

LOLC Holdings PLC has once again emerged as a beacon of corporate success, securing its place among Sri Lanka’s Most Admired Companies for the third consecutive year. This prestigious....

Alumex inks MoU with DTET to create skilled fabrication craftsmen

Alumex PLC, a subsidiary of Hayleys and a trailblazing aluminium manufacturer in Sri Lanka, has inked a memorandum of understanding (MoU) with the Department of Technical Education and Training (DTET)....

Multilac 3 in 1 Waterproofing Paint recognised for sustainable innovation

Multilac 3 in 1 Waterproofing Paint, manufactured by Macksons Paints Lanka (Pvt.) Limited, has been honoured with the Gold award at the Ceylon Institute of Builders (CIOB) Green Award for Products....

FINEZ Furniture & Interior clinches Gold at SLIM SME Development Awards

FINEZ Furniture & Interior (Pvt.) Ltd that stands as a distinguished provider of opulent home furnishings, decorative products and interior solutions in Sri Lanka, recently achieved a remarkable feat...

Deakin University, Australia and CICRA Campus hold forum on digital trust

Deakin University, Australia, in collaboration with CICRA Campus, recently orchestrated a captivating and thought-provoking event as part of Deakin Week Sri Lanka 2023. The event...

ASUS unveils Thincredible Zenbook

ASUS Sri Lanka, the local operations of the Taiwanese tech giant ASUS, has announced the exciting new Zenbook S 13 OLED (UX5304), the world’s slimmest 13.3-inch OLED laptop, with a sleek 1cm profile...

Scality and Plexus to deliver cyber-resilient, scalable storage to enterprises in SA

Scality, a global leader in reliable, secure and sustainable data storage software, has partnered with Colombo-based value-added distributor Plexus to deliver cyber-resilient, scalable storage....

Hayleys Fentons receives CIOB Platinum Award for sustainability leadership in construction industry

Hayleys Fentons, the No. 1 Solar EPC and MEP contractor with over a decade of experience in providing engineering services in Sri Lanka, has been honoured with the Platinum Award in the category....

Sri Lanka welcomes nearly 100,000 tourists in first 20 days of August

Tourist arrivals to Sri Lanka for the first 20 days of August totalled 98,831.

National inflation cools to 4.6% in July giving wiggle room for further rate cuts

Sri Lanka’s overall inflation rate, as measured by the National Consumer Price Index (NCPI), experienced a significant decline in July, dropping to 4.6 percent on a year-on-year (YoY) basis, against 10.8 percent in June.

AIA Health Passport - offering all Sri Lankans access to the best healthcare both locally and globally

AIA Insurance launched an industry leading and trendsetting health insurance cover that gives Sri Lankas access to the best healthcare both locally and globally. Launched with a glamourous event at the Cinnamon Lakeside recently, with AIA’s Executive Committee and top tier Wealth Planners, the Health Passport is a first of its kind, comprehensive health insurance cover that provides a hospital expense cover up to Rs. 50 million through cashless h

Sri Lanka Agripreneurs’ Forum concludes AGM

Sri Lanka Agripreneurs’ Forum, the premier forum for agribusiness in Sri Lanka successfully held its AGM on August 16th at the Institute of Engineers, Colombo 07. The AGM saw the participation of key stakeholders of the agri sector including private companies, state agencies, NGOs, international organizations, and agri -academics. In view of the exceptional work done towards the growth of the association, Chairman Rizvi Zaheed was reappointed for

Urgent action required to safeguard Sri Lanka’s rubber cultivation from leaf disease

The foreboding specter of Circular Spot Leaf Disease (CSLD) looms ominously over our cherished rubber industry, casting a shadow of uncertainty. Identified by the vigilant eyes of the Rubber Research Institute of Sri Lanka (RRISL), the lack of prompt action and viable solutions threatens to plunge our rubber cultivation into the abyss. CSLD, an international tormentor of rubber crops, has unleashed havoc and turmoil among growers across the globe

Ceylon Cinnamon GI Association holds maiden AGM

he Ceylon Cinnamon GI Association, a prominent advocate for preserving the authenticity and heritage of Ceylon Cinnamon, convened its inaugural Annual General Meeting (AGM) on August 4th. The event took place at The Kingsbury Hotel and was attended by a diverse assembly of over 200 participants representing various sectors of the cinnamon industry. The significance of the AGM was heightened by the recent recognition of ‘Ceylon Cinnamon’ as a Pr

CEM partners with Corporate Finance Institute as authorized partner in SL

People’s Bank offers sponsorship for Kandy Esala Perahera

People’s Bank has yet again come forward to sponsor the historical Kandy Esala Perahera. The sponsorship cheque of the People’s bank was handed over to Pradeep Nilanga Dela, Diyawadane Nilame of Sri Dalada Maligawa by Nalin Potthewela- Kandy Regional Manager of People’s Bank. Assistant Regional Manager Janaka Jayasinghe, Kandy Branch Senior Manager Prasanna Karunarathne and Regional Business Promotion Officer Krishantha Kulasinghe were also prese

‘Big Bosa’ opens newest showroom in Bambalapitiya

‘Big Bosa’, the largest exercise equipment provider in the country, recently opened its newest showroom in Colombo 04. Founded by Sri Lanka’s number one fitness equipment marketer with over 15 years of trust, Big Bosa is now an extensive leader in the fitness industry, and provides thousands of clients with access to the world of cardio, weight training, and flexibility. The newly opened Big Bosa showroom is the country’s biggest fitness equipmen

Link Natural expands global footprint with launch in Qatar

Link Natural, a subsidiary of CIC Holdings, has expanded its presence in the Middle East by launching in Qatar. The launch of Link Samahan in Doha, Qatar, marks an important milestone for Link Natural in its ongoing journey to broaden its global footprint and take its world-class products to consumers in all parts of the world. The company started its distribution in Qatar with renowned distribution Company, Group Distribution, the trading arm of

Shameer Rasooldeen appointed Group Director of Capital Maharaja

The Capital Maharaja Group (CMG) has appointed Shameer Rasooldeen to its Main Board as a Group Director. At 37 years of age, he is the youngest sitting member of CMG’s Main Board. Prior to his appointment to the Board, Shameer was Director/CEO at A.F. Jones Exporters Private Limited, the export arm of the Group. Shameer is a CNN Fellow, a Dag Hammarsjkold Fellow and a Chevening Fellow. He was among the Top 20 Young Leaders in Asia awarded by the

CSE and GRI to hold session on developments in sustainability reporting

The Colombo Stock Exchange (CSE) in collaboration with the Global Reporting Initiative (GRI) will hold an exclusive session for sharing and engaging on the recent global and regional developments of sustainability reporting on 24th August, from 3.00 p.m. to 5:30 p.m. at the Cinnamon Grand, Colombo.

Prof. Rohana Kuruppu receives coveted Comp TI award from Textile Institute, UK

Prof. Rohana Kuruppu was invited as a speaker at the Textile Institute World Conference (TIWC) held in July 2023 at the University of Huddersfield, UK. His title was, ‘Designing a curriculum to develop a sustainable workforce for the textile/clothing industry’. He made a special reference to developing countries. He discussed the pathway and procedure for a sustainable product. Professor Rohana Upendra Kuruppu PhD., FTI, C Text has been bestowed

SriLankan Airlines resumes flights to Jeddha

SriLankan Airlines has relaunched direct flights from Colombo to Jeddah, with a thrice weekly service every Tuesday, Wednesday and Sunday. SriLankan Airlines is currently the only carrier to offer a non-stop flight schedule between the two cities, opening a convenient gateway to the holy cities of Makkah and Madinah for the Umrah pilgrims in Sri Lanka once again. SriLankan Airlines’ flight UL 281 from Colombo to Jeddah departs at 1425hrs every T

China cuts key interest rate as recovery falters

BBC: China’s central bank has cut one of its key interest rates for the second time in three months as the world’s second-largest economy struggles to bounce back from the pandemic. The People’s Bank of China (PBOC) lowered its one-year loan prime rate to 3.45 percent from 3.55 percent. The country’s post-Covid recovery has been hit by a property crisis, falling exports and weak consumer spending. In contrast, other major economies have raised ra

Weather and Pesta outbreak compound Sri Lanka’s rubber production woes

Sri Lanka’s rubber production remains under pressure due to the persistent wet weather conditions and emergence of the new leaf fall disease Pesta, both of which are contributing to reduced output. As a result, stronger demand was seen in the month of July for Latex Crepe No.1X and No.1, the rubber market report by Forbes & Walker Commodity Brokers said. During the month, 1XS moved up from Rs.710 to Rs.790 and No.1s reached Rs.775 per kilo. No.2

Pioneering wind-powered cargo ship sets sail

BBC: A cargo ship fitted with giant, British-designed special wind-powered sails has set out on its maiden voyage. Shipping firm Cargill, which has chartered the vessel, hopes the technology will help the industry chart a course towards a greener future.

Agriculture Minister calls for report on big onion cultivation

Agriculture Minister Mahinda Amaraweera has instructed the Agriculture Department to provide an immediate report regarding big onion cultivation in Sri Lanka. Amaraweera noted that big onion cultivation in Sri Lanka was successfully done many years ago but for about seven to eight years, onion cultivation has been very unsuccessful. Last week, Amaraweera instructed the Agriculture Department to submit an immediate report regarding cultivation o

BRICS expansion hopefuls seek to rebalance world order

REUTERS: An expansion of the BRICS bloc under consideration at a summit this week has attracted a motley crew of potential candidates - from Iran to Argentina - with one thing in common: a desire to level a global playing field many consider rigged against them. The list of grievances is long. Abusive trade practices. Punishing sanctions regimes. Perceived neglect of the development needs of poorer nations. The wealthy West’s domination of intern

Sri Lanka begins repayment of US $ 200mn loan to Bangladesh with US $ 50mn first instalment

Sri Lanka has repaid US $ 50 million as the first instalment of the US $ 200 million it borrowed from Bangladesh in 2021, under a currency swap deal. “Out of the US $ 200 million loan given to Sri Lanka, we have received an instalment of US $ 50 million. Another instalment is due later this month. We expect them to repay the loan in full within this year,” Bangladesh Bank Executive Director and spokesperson Mezbaul Haque was quoted as saying in B

SriLankan Airlines resumes flights to Jeddah

SriLankan Airlines has relaunched direct flights from Colombo to Jeddah with a thrice-weekly service every Tuesday, Wednesday and Sunday.

Sixth monetary policy announcement on Thursday

The sixth monetary policy for this year will be announced on Thursday, August 24, the Central Bank said.