Talaimannar pier to be re-constructed after 37 years at a cost of Rs.1.8bn

The Ministry of Ports, Shipping, and Aviation is planning to re-construct the Talaimannar pier to facilitate passenger vessels from Rameswaram...

SLTPB confirms irregularities in tender process of upcoming global tourism promotion campaign

The Sri Lanka Tourism Promotions Bureau (SLTPB) yesterday confirmed to Mirror Business that certain irregularities have taken....

Haycarb launches ACTIVATE groundbreaking ESG road map on 50th anniversary

Haycarb PLC, a global leader in high-value coconut shell activated carbon and a member of the Hayleys group announced the launch of ‘ACTIVATE....

Island Tea Co. & Ceylon Coffee Club signs master franchise for 100 branches in Sri Lanka

Island Tea Co. & Ceylon Coffee Club is owned and operated by Ceylanka Trading Inc., a registered company under the Securities.....

Exporters’ Association of Sri Lanka holds 26th AGM

The Exporters’ Association of Sri Lanka (EASL), which is an approved association of the Ceylon Chamber of Commerce, held its 26th Annual.....

CIPM re-elects Ken Vijayakumar as President 2023/24

CIPM Sri Lanka, the nation’s leader in human resource management, unanimously re-elected outstanding HR professional and business....

Brahman Balaratnarajah reappointed as IASL Chairman for 2023/24

The Industrial Association of Sri Lanka (IASL), the esteemed trade association representing industries and manufacturing companies....

Bank of Ceylon, sole SL bank in world’s elite top 1,000 ranking

Bank of Ceylon (BOC), Sri Lanka’s No. 1 Bank, was once again ranked by The Banker UK magazine, among the world’s top 1,000 banks....

People’s Bank triumphs at Asiamoney Awards

People’s Bank, the trailblazer in Sri Lanka’s banking and financial services landscape, has once again clinched prestigious honours....

Sachith Perera appointed as First Capital Treasuries CEO

First Capital Treasuries PLC has announced the appointment of Sachith Perera as the company’s new CEO, with effect from July 31, 2023. A stock....

Amãna Bank announces ESOP following outstanding performance

Amãna Bank announced an Employee Share Option Plan (ESOP) following a streak of commendable performances in the last few...

Ceylinco Life opens exemplar green branch in Ja-Ela at a cost of Rs.180mn

Ceylinco Life has opened the latest of its eco-friendly branch buildings in Ja-Ela on company-owned land, providing customers....

Trading gains, lower impairments boost Pan Asia Bank 2Q

Pan Asia Banking Corporation PLC reported higher earnings for the quarter ended on June 30, 2023 (2Q23), backed by trading....

Asian Palm Oil Asso. renews call to SL govt. to reconsider oil palm cultivation ban

The Asian Palm Oil Association (APOA) renewed its call to the Sri Lankan government, urging it to reconsider the temporary ban on oil palm cultivation.

Agarapatana shares on offer next week

The Initial Public Offering (IPO) of the shares of Agarapatana Plantations Limited, one of Sri Lanka’s leading, innovation-driven plantation companies, will open next week, on August 10, at 9:00 a.m.

Impacts of volatility in currency seen at Colombo Tea Auction

The Colombo Tea Auction this week saw the implications of the volatility in the currency, which continues to adversely hit the tea market with a degree of uncertainty, the tea brokers said.

July national tea sales average records monthly gain in LKR, dip in USD terms

The national tea sales average for the month of July 2023 recorded Rs.1,011.44 (US $ 3.18), showing a slight gain of Rs.37.08 from the previous month. However, in US dollar terms, it is a decrease of US $ 0.06.

Profood Propack & Agbiz Exhibition 2023 showcases new insights on food science

The Sri Lanka Food Processors Association (SLFPA) and Lanka Exhibition and Conference Services (Pvt.) Ltd yesterday kicked off the 20th edition of the Profood Propack & Agbiz Exhibition, at the BMICH Exhibition Centre.

Hutchinson announces management change at Hutch Sri Lanka

Saumitra Gupta has been appointed as the new Chief Executive Officer (Actg.) of Hutch Sri Lanka effective from 1st August 2023.

India restricts laptop, PC imports to boost local manufacturing

India has placed restrictions on the import of computers and laptops in a surprise move from the government of Prime Minister Narendra Modi which has been trying to encourage domestic manufacturing in the tech sector.

India extends INR 450mn advance to expedite SL Unique Digital Identity Framework

The implementation of the Sri Lanka Unique Digital Identity (SL-UDI) Framework will be expedited with India’s support by extending an advance of INR 450 million.

Govt. allocates Rs.429mn to cultivate 11,000 abandoned paddy lands

The government yesterday said 11,000 acres of abandoned paddy lands would be cultivated before the end of this year, in order to prepare for the potential food crisis.

Seylan Bank initiates debt recovery action against two Asia Capital resort properties

Asia Capital PLC yesterday said Seylan Bank has adopted debt recovery action against two properties owned by Beach Resorts Kosgoda (Pvt) Ltd and Wadduwa Resorts (Pvt) Ltd, which are subsidiaries of Asia Capital.

Completion of new terminals to boost Colombo Port’s capacity to 35mn TEUs

Sri Lanka plans to increase TEU handling capacity of the Colombo Port to 35 million TEUs from the current 8.5 million TEUs with the completion of East Container Terminal, Jaya Container Terminal V (JCT-V), Western International Container Terminal (WICT) and the proposed North Port projects in the future.

CAL revolutionises investor approach to equity investing with AnalytiCAL

Capital Alliance Securities (CAL), a full-service frontier market investment bank yesterday launched an innovative web-based platform - AnalytiCAL, which is designed to revolutionise the way investors approach equity investing.

ComBank strengthens green financing mandate with GGGI partnership

The Commercial Bank of Ceylon has signed a milestone agreement with the Seoul-headquartered Global Green Growth Institute (GGGI), a leading international inter-governmental technical advisor on sustainable finance initiatives.

BoE hikes rate 14th time in row on high UK inflation

AFP: The Bank of England yesterday hiked its key interest rate for a 14th time in a row, by a quarter-point to 5.25 percent as UK inflation stays high, prolonging a cost-of-living crisis.

Govt. keen on reviving construction industry

The government stressed yesterday its intentions to revive the country’s stalled construction industry by resuming the large infrastructure projects that were halted due to the economic crisis. This crisis resulted in significant price increases due to high input prices and import restrictions.

Sri Lanka behind least developed countries in trade facilitation: Verité Research

Sri Lanka ranks 104th out of 125 developing and least developed countries (LDCs) in its implementation of trade facilitation measures over the last six years, a new study by Verité Research has found.

PickMe enters into agreement to operate taxi stand at BIA

PickMe, the home-grown app-based ride-hailing company, has entered into an agreement with Airport & Aviation Services (Sri Lanka) (Private) Ltd. to establish and operate a dedicated taxi stand within the premises of the Bandaranaike International Airport (BIA).