B Braun launches Wound Management roadshow for medical fraternity

B Braun Lanka, a well-known German multinational and leading medical technology company, with a significant presence in Sri Lanka’s medical industry

Lanka Hospitals reaccredited with latest 7th edition of JCI

Lanka Hospitals PLC, Sri Lanka’s premier private healthcare provider, has been awarded the latest seventh edition of the prestigious Gold Seal global accreditation from the Joint Commission International (JCI) of the USA recently

Nawaloka Hospital achieves milestone in cardiac care with 15,000 heart surgeries

Pioneering the cardiac unit since 1994, Nawaloka Hospital, the leading healthcare institution, is proud to announce the successful completion of 15,000 heart surgeries

Medfuture celebrates 9th anniversary with grand awards night in Sri Lanka

Medfuture, a prominent medical and healthcare recruitment firm in Australia, marked its ninth anniversary with a memorable awards night

Finco Technologies obtains ISO 9001:2015 certification

Finco Technologies (Pvt.) Ltd, a prominent full-service technology provider in Sri Lanka

New Anthoney’s Group obtains rights for Sustainable U.S. Soy logo on packaging

New Anthoney’s Group, one of Sri Lanka’s leading poultry producers, in its continued quest to make strides towards sustainability and operate in a nature-positive way

TEDxColombo announces 12th edition

TEDxColombo, the esteemed annual gathering and one of the oldest and largest TEDx events in Sri Lanka

CB delivers back-to-back rate cuts amid softer than expected inflation prints

The Central Bank slashed policy rates again by another 200 basis points yesterday, after delivering a 250 basis point cut in June

Banks forewarned against further delay in slashing lending rates

The Central Bank yesterday cautioned the country’s banks of taking potential administrative measures for failing to pass on benefits of the fastest monetary easing cycle in the history, amid concerns of limited reduction in lending rates

Fitch Ratings downgrades SL’s Long-Term Local-Currency IDR to ‘C’

Fitch Ratings yesterday downgraded Sri Lanka’s Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) to ‘C’ from ‘CC’

TATA Group top executives visit BOI

Top executives of TATA Group held discussions this week with the Chairman and officials of the BOI

Maldives tourism inches towards one million mark

Tourist arrivals to the Maldives are nearing the one million mark with over 940,000 international visitors having visited the country from 1 January to 3 July 2023

Apparel industry welcomes recent revisions to electricity tariffs

The Joint Apparel Association Forum (JAAF) yesterday welcomed the recent revisions made to electricity tariff for the July - December period by the Public Utilities Commission (PUCSL)

TAAI Chief calls for joint marketing efforts with Sri Lanka

Travel Agents Association of India (TAAI) yesterday called on Sri Lanka to step up efforts in collaborative marketing so that the South Asian region can stand out and take a leap in luring international visitors.

UAE’s Coral Energy secures contract for Shipping Corporation’s dry rations vessels

United Arab Emirates (UAE)-based Coral Energy DMCC has won the bid to maintain two dry rations

SLT-MOBITEL continues to expand 5G trial developments in Sri Lanka

Reaffirming its commitment to further enhancing its 5G application ecosystem in Sri Lanka, SLT-MOBITEL

Ten million join Meta’s Twitter rival Threads

BBC: Ten million users signed up for Meta’s newly-launched Threads app in its first seven hours, the company’s chief Mark Zuckerberg says.

Inivos facilitates Empire Tea Kenya go live with IFS Applications

Inivos, the fully-fledged enterprise resource planning (ERP) and technology solutions provider, has successfully completed its latest IFS implementation by launching IFS Applications at Empire Tea Kenya

Singer Sri Lanka introduces 13th Generation Dell Inspiron laptops, Vostro desktops

Singer, the official distributor of Dell products in Sri Lanka, officially announced the launch of 13th Generation Inspiron and Vostro Consumer and Commercial Dell devices.

Fcode Labs explores, secures opportunities in Europe

A delegation from the Fcode Labs, a leading software engineering company, recently visited several European countries with the aim of expanding its business and exploring partnerships.

Samsung unveils Galaxy F54 5G with segment-leading 108MP No Shake Camera

Samsung Sri Lanka unveils the Galaxy F54 5G, the most premium Galaxy F series smartphone.

OCTAVE-Moratuwa University partnership to empower future data analytics talent

OCTAVE, the John Keells group’s data and advanced analytics centre of excellence, is pleased to announce its collaboration with the Computer Science and Engineering Department of the esteemed University of Moratuwa.

CB slashes policy interest rates by 2%

The Monetary Board of the Central Bank this morning announced a 200-basis point reduction in policy rates after slashing 250 basis points at the previous monetary policy review in June.

Power sector finally seeing some stability: Kanchana

While businesses and the public are still recovering from the shocks of high electricity tariffs, Power and Energy Minister Kanchana Wijesekera pointed out that stability is finally creeping back into the electricity sector of Sri Lanka.

Economist calls for calming fears over bank deposits during DDO

Amid the growing concerns among bank deposit holders regarding the potential negative consequences during the progress of the Domestic Debt Optimisation (DDO) initiative, senior economist and Verité Research Executive Director Dr. Nishan de Mel said such fears appear to be unwarranted.

Ayodhya Iddawela Perera assumes duties as Sampath Bank MD

Ayodhya Iddawela Perera officially took the reins as the eighth Managing Director of Sampath Bank PLC, on July 1, 2023.

Tushara Jayaratne appointed as Deputy Director General of SEC

The Securities and Exchange Commission of Sri Lanka (SEC) yesterday announced the appointment of Tushara Jayaratne as Deputy Director General of the SEC.

ADB launches two publications on SL’s energy sector

Sri Lanka yesterday saw the launch of two energy sector publications, supported by the Asian Development Bank (ADB), which maps the journey of the local electricity supply industry.

President to decide on time frame to reactivate LRT talks with Japan

The Cabinet of Ministers this week approved a resolution allowing President Ranil Wickremesinghe to prepare an appropriate time frame to reactivate talks pertaining to the Light Railway Transit (LRT) project, which was suspended in 2020.

NDB Securities expects Central Bank to deliver 250-300bps policy rate cut today

Equities broker NDB Securities expects that the Monetary Board of the Central Bank will announce a 250-300-basis-point policy rate cut, today.