NDBIB wins Asiamoney award for 7th time

NDB Investment Bank Limited (NDBIB) secured the accolade of Best Investment Bank in Sri Lanka by the prestigious Asiamoney Magazine, for the seventh consecutive time. Despite the unprecedented....

Eagle Logistics holds seminar on Incoterms and int’l payment terms

Eagle Logistics Colombo organised a groundbreaking seminar on Incoterms and international payment terms at DHPL Auditorium, Colombo 2. Headlined by industry veteran Sean....

Manaco Marine-Southern Maritime Training Institute to empower future Lankan seafarers

Manaco Marine, a prominent maritime recruitment and port agency services provider in Sri Lanka, has announced the signing of a memorandum of understanding (MoU) with Southern...

Tourism earnings surpass US$ 1bn milestone

Earnings from the tourism industry have crossed the US$ 1 billion mark with international visitors to Sri Lanka having spent US$ 219 million in July.

Tourism Minister urges unoccupied properties to be registered with SLTDA

In an effort to expand the accommodation offering, the Tourism Ministry urges the owners of unoccupied properties to open up their homes to tourists.

Govt. to engage private sector in setting up new universities

Amid the current human capital shortage, in particular the science, technology, engineering and mathematics (STEM) graduates increasingly looking to migrate, the government said it has plans to establish a number of new universities and vocational training centres with greater participation of the private sector on an urgent basis.

Edu Expo 2023 kicks off in Colombo

Edu Expo 2023, an education and career fair, kicked off at the BMICH, Colombo, yesterday, showcasing to students the opportunities to obtain international qualifications in Sri Lanka and overseas.

Fitch rates ComBank’s debenture issue up to Rs.12bn two notches below bank’s rating

Fitch Ratings has assigned BBB+(EXP)(lka) for the upcoming Basel III-compliant subordinated debentures of Commercial Bank of Ceylon PLC up to Rs.12 billion and placed it on Rating Watch Negative (RWN).

Tata Group unveils new logo for Air India

BBC: India’s Tata Group has unveiled a new logo, branding and livery for Air India as part of a multi-million-dollar transformation of the former national carrier.

Sri Lanka embassy in Moscow initiates direct employment opportunities in Russia for locals

The Embassy of Sri Lanka in Moscow has initiated direct employment opportunities for Sri Lankan skilled migrant workers in the Russian Federation, in collaboration with the Sri Lanka Foreign Employment Agency (SLFEA), a fully-owned state organisation in Sri Lanka.

Colombo Tea Auction sees improved demand for better teas after Iran barter agreement

Following improved activity from the shippers to Iran following the ‘Tea for Oil’ agreement, this week’s Colombo Tea Auction saw increased demand for the better teas in the High and Mid Grown sector and Low Grown Small

‘Invest Sri Lanka’ forum in Chennai a success

The ‘Invest Sri Lanka’ Investor Forum, which was organised by the Colombo Stock Exchange (CSE) in association with the Confederation of the Indian Industry (CII), was concluded succes

Dialog Axiata 2Q earnings boosted by sharp exchange gains

Dialog Axiata PLC, the country’s leader in mobile telephony communications, saw improved performance for the period ended June 20, 2023 (2Q23) amid better top line performance and sharp exchange gains. The group reported

CTC says cigarette sales down in 2Q due to tax-led price increases

Monopoly cigarette player, Ceylon Tobacco Company PLC (CTC) yesterday said cigarette sales came down in the three-month period to June 30, 2023 (2Q23) when compared with the same period, last year, “due to the tax-led price increases in line with the government’s revenue proposals.” The company

Agarapatana IPO oversubscribed

Agarapatana Plantations Initial Public Offering (IPO), which opened yesterday, was oversubscribed.

Indian investors eye Sri Lanka’s shipping and aviation sector

A delegation of 12 prominent Indian investors, with a keen interest in initiating multiple projects within Sri Lanka’s shipping and

CA Sri Lanka’s 44th National Conference of Chartered Accountants to kick off on Oct. 3

As the country attempts to limp back to normalcy from the worst ever economic crisis, the Institute of Chartered Accountants

CPA Australia and CMA Sri Lanka sign Member Pathway Agreement Extension

CPA Australia CEO Andrew Hunter, during his recent visit to Sri Lanka, visited CMA Sri Lanka head office and signed th

National Chamber successfully concludes bilateral session with South Africa

The session on bilateral trade and investment between Sri Lanka and South Africa, organised by the National Chamber, was successfully concluded recently at the National Chamber auditorium, with a large gathering of business community and government officials.

SEC and CFA Society Sri Lanka renew MoU to strengthen capital market development

The Securities and Exchange Commission of Sri Lanka (SEC) and CFA Society Sri Lanka yesterday announced the successful renewal of their memorandum of understanding (MoU), signifying a strengthened commitment to fostering the development of the capital market in Sri Lanka.

Shiluka Goonewardene elected as Sri Lanka-Singapore Business Council President

The Sri Lanka-Singapore Business Council (SLSBC) of the Ceylon Chamber of Commerce elected Shiluka Goonewardene, Head of Deal Advisory at KPMG, as President of the council at the 26th Annual General Meeting conducted recently.

Prime Land Residencies reclaims spot among Sri Lanka’s top consumer brands

Prime Land Residencies, the trailblazing leading real estate developer, has once again proven its exceptional standing in the industry by securing a coveted position among Sri Lanka’s Most Valuable Consumer Brands for 2023, based on the annual review by Brand Finance, the renowned brand valuation consultancy, conducted in collaboration

808 Regency apartments launched in Kotte

Monarch Regency (Pvt.) Ltd, the real estate development arm of Monarch Imperial (Pvt.) Ltd, recently announced the la

Home Lands Skyline breaks ground for Greendale Retirement Resort & Residencies

Home Lands Skyline, the revolutionary leader of the Sri Lankan real estate arena, recently broke ground for one of the most awaited projects in the island, Greendale Retirement Resort & Residencies. Being Sri Lanka

DIMO lifts local home elevator industry with energy-efficient TKE Enta Villa

DIMO, a leading diversified conglomerate in Sri Lanka, elevated the country’s residential landscape with Enta Villa, the revolutiona

Tokyo Cement strengthens partnership with Society of Structural Engineers

Tokyo Cement Group reinforced the long-standing partnership with the Society of Structural Engineers Sri Lanka (SSESL) for 2023, with the sole sponsorship of the Question Time Programme for the month of May. At the forum, Eng. Pr

Alumex empowers local fabricator community

Alumex PLC, the leading aluminium manufacturer in Sri Lanka, announced the conclusion of a successful programme

Condominium Developers Association appoints Pinsiri Fernando as new Chairman

The ninth Annual General Meeting of the Condominium Developers Association of Sri Lanka (CDASL) was held recently at the Ceylon Chamber of Commerce. The event witnessed the appointment of CDASL Chairman for the year 2023-2024, Pinsiri Fernando, with the participation of

SEC approves Nestlé Lanka desilting

Nestlé Lanka PLC on Wednesday said it received the approval of the Securities and Exchange Commission (SEC) to delist its shares from the official list of the Colombo Stock Exchange. The SEC

Teejay Lanka reports losses in 1Q amid drop in sales volumes

Fabric maker Teejay Lanka PLC reported losses for the quarter ended June 30, 2023 (1Q23) amid a considerable decline in the