Ceylinco Life policyholders receive Rs.6bn in annual bonuses

Ceylinco Life has distributed more than Rs.6 billion in annual bonuses, including a one-time special bonus to commemorate the company’s 35th anniversary, to 197,131 loyal policyholders. An increase of Rs.1.7 billion or a whopping 37.27 percent or over the bonuses declared in respect of 2021, the recent pay out reflects the growth and strength of the company and represents another example of c

Norfolk Foods forges Indian JV with Thailand’s CPF strengthening global footprint

Norfolk Foods (Pvt.) Ltd, a pioneer in the manufacture of specialised frozen foods in Sri Lanka, has firmly established its presence in India through a joint venture (JV) with Thailand’s agro-industri

Musk vows to take Tesla to India after meeting Modi

BBC: Tesla CEO Elon Musk has said the electric carmaker will be in India “as soon as humanly possible”. His comments followed a meeting with Indian Prime Minister Narendra Modi, who is on a state visit to the US. The Indian

UL says sick cockpit crew member delayed flight to Seoul

SriLankan Airlines yesterday said the flight UL 470 to Seoul was delayed due to one cockpit crew member, who was scheduled for this flight, falling sick. The flight, which was scheduled to depart at 20:20 on June 20, was delayed overnight. “Unfortunately, one cockpit crew member, who was scheduled for this flight, was sick last night and due to the various regulations for fatigue and safety that govern operating crew, there was

Infant mortality rises when sovereign debt defaults drag on, study says

REUTERS: Infant mortality rises and life expectancy falls when sovereign debt defaults are not quickly resolved, a study said yesterday, as negotiations to restructure the debts of countries including Zambia, Sri Lanka and Ghana drag on. In countries th

FAO and New Zealand team up to combat child malnutrition in Sri Lanka

Five selected MOH divisions in Monaragala and Nuwara Eliya will receive fresh attention to help tackle malnutrition, with the Food and Agriculture Organisation of the United Nations (FAO) gearing up to

Sapphire Residences on course to complete and launch Colombo’s most exclusive homes

The US$ 500 million plus ITC development, comprising the Sapphire Residences and super luxury hotel ITC Ratnadipa, occupies pride of place at the centre of Colombo’s most prestigious ocean front location. Overlooking the Galle Face and the Indian Ocean on one side and the Beira Lake on the other, this landmark is already redefining the city’s skyline.

Ceylon Energy introduces Helical Anchors redefining construction in Sri Lanka

Ceylon Energy, a strategic alliance of St Theresa Industries, recently announced its exclusive partnership with Hubbell Power Systems Inc., a global leader in cutting-edge technology solutions, to introduce Helical Anchors, a revolutionary technology for tower erection, to Sri Lanka and beyond.

John Keells Properties launches ‘Ridgeview’

Following the growing interest from investors in their esteemed projects, Sunrise Ridge and Peacock Valley at Victoria Golf Resort, John Keells Properties is excited to announce the launch of their newest project, Ridgeview. Offering 18 premium land plots, Ridgeview presents a unique opportunity for individuals to build their dream home amidst breathtaking natural beauty, with panoramic views of the Victoria reservoir, the scenic Kandyan hills, a

Prime Group and HNB collaborate to provide attractive financing solutions

Working to revive and revitalise the real estate industry, HNB PLC, renewed its long standing partnership with the market leader Prime Group to offer prospective home owners with low interest rates and exclusive benefits.

Trans Asia Cellular opens first int’l retail store in Dubai

Trans Asia Cellular (Pvt) Ltd. -Sri Lanka’s top mobile phone accessories and telecommunications parts provider-has opened its first international retail store in Dubai, UAE, heralding the first steps for the brand’s global expansion plans.

99x establishes technology centre in Malaysia

99x commenced operations at its technology centre in Malaysia, as part of its global expansion strategy. The technology centre was recently recognized with the Malaysia Digital status by the Malaysia Digital Economy Corporation (MDEC) as a contributor towards the Malaysian digital ecosystem.

IFS and Hatch’s Open Innovation Incubator enables local tech talent to tackle global challenges

ChallengerX, marked Sri Lanka’s inaugural AI and Machine Learning-focused Incubator Programme emerging from a collaboration between IFS and Hatch. The programme came to a close with 2 out of the 6 selected teams winning over Rs.2 million in prizes - a testament to the high calibre of young tech talent

UL says sick cockpit crew member delayed flight to Seoul

SriLankan Airlines today said the flight UL 470 to Seoul was delayed due to one cockpit crew member, who was scheduled for this flight, falling sick.

National inflation eases to 22.1% in May

National inflation as measured by National Consumer Price Index (NCPI) eased to 22.1 percent in May on a year-on-year (YoY) basis from 33.6 percent in April.

Tea exports turn positive in May breaking months-long negative trend

Ceylon Tea exports have moved towards a positive growth trajectory in May, breaking the downward trend witnessed in the first four months of the year. Provisional data released....

Carlos Ghosn sues Nissan for US$ 1bn in defamation lawsuit

Former Nissan boss Carlos Ghosn has reportedly sued the carmaker for more than US$1bn. The filing marks Ghosn’s latest effort to clear his name after he was ousted from the firm in 2018....

CMTA calls for fairer import policy that benefits all

Ceylon Motor Traders Association (CMTA) yesterday voiced its apprehensions regarding the fairness of the current import regulations and called for a more equitable one that takes into account the struggles...

Alibaba names new Chairman and CEO in major shakeup

Alibaba is replacing Daniel Zhang as chairman and CEO as the Chinese tech giant undergoes the biggest shakeup in its history. Joseph Tsai, executive....

IndiGo places single largest purchase order in commercial aviation history

Indian carrier IndiGo has made a record order for 500 Airbus A320 aircraft - the largest single purchase agreement by any airline in commercial aviation history. The deal, announced....

John Keells Group awarded for long-term DEI initiatives

John Keells Group was recently awarded for its long-term initiatives in diversity, equity and inclusion (DEI). John Keells Holdings PLC was the recipient of the award ‘Organisation promoting....

No final decision on DDO yet

As a final decision on domestic debt optimisation (DDO) is yet to be made, the government on Monday urged interested parties to refrain from making speculatory comments that undermine the stability....

Parliamentary budget office to expose reality of election manifestos: Siyambalapitiya

The soon to be established Parliamentary Budget Office will provide an opportunity to uncover the reality of popular proposals in election manifestos, according to State Minister of Finance Ranjith....

Government rules out any prospects of relaxing ban on vehicle imports this year

The government on Monday ruled out a possible relaxation of the ban on vehicle imports this year due to possible negative impact on the country’s limited foreign exchange reserves and the overall...

CMTA calls for fairer import policy that benefits all

Ceylon Motor Traders Association (CMTA) yesterday voiced its apprehensions regarding the fairness of the current import regulations and called for a more equitable one that takes into account the struggles...

Shareholder nod for delisting Singapore-based Goodhope Asia’s local subsidiaries

Shareholders have approved the resolutions to delist four subsidiaries of Singapore-based Goodhope Asia Holdings Ltd, the holding company of Carson Cumberbatch PLC, at the Extra Ordinary....

Amana Bank declares sixth consecutive annual dividend with 24% increase 

In the backdrop of its positive performance trend, Amana Bank recently declared its 6th successive annual dividend, demonstrating the bank’s commitment to deliver long-term value to its shareholders. With this latest...

ASPI closes in red

The ASPI closed in red as a result of price losses in counters such as Sampath Bank, Commercial Bank and National Development Bank with the turnover crossing Rs. 923 mn. Meanwhile, the S&P SL20...

SriLankan Engineering completes maintenance check on Cebu Pacific Airbus A330

The Engineering division of SriLankan Airlines continued its streak of firsts with the recent completion of a heavy maintenance check on a Cebu Pacific Air Airbus A330 (Trent 700), marking a foray into providing...

Tourism Alliance and USAID Catalyze recognise 20 Sustainability Champions

The Tourism Alliance in collaboration with USAID Catalyze recently felicitated 20 Sustainability Champions at a ceremony in Colombo. The Love Sri Lanka Sustainability Programme....