Govt. resolute to launch proposed e-motoring system within this year

The government is determined to launch the proposed e-motoring system within this year overcoming resistance from certain bureaucrats.

Colombo Port City to get international commercial dispute resolution centre

Colombo Port City Economic Commission enters into agreement with International ADR Centre The Colombo Port City Economic Commission (CPCEC) yesterday announced it had entered into an agreement with the International ADR Centre (IADRC) to establish an independent international commercial dispute resolution centre (ICDRC) within the area of its authority.

Govt. yet to tackle bloated public sector; defence still claims 48% of state salaries

At a time when Sri Lanka is looking to restructure its state-owned enterprises (SOE), which continue to be a massive burden to the economy....

Govt. to boost tax revenue by removing VAT exemptions

The government is planning to boost tax revenue by 1.2 percent of gross domestic product (GDP) by removing most of the Value-Added Tax (VAT) exemptions and abolishing the Simplified Value Added Tax (SVAT) methodology.

Taprobane Seafoods Sri Lanka and Direct Source Seafood USA announce strategic partnership

Taprobane Seafoods Sri Lanka and Direct Source Seafood USA have entered into a strategic partnership to produce, market...

Air China reinstates services between Colombo and Chengdu

Air China has announced that all bookings are open for its newly reinstated services between Colombo Bandaranaike,,,,

Honeywell bags US$ 15.3mn contract to repair UL fleet’s APUs

Honeywell International SARL has won a US$ 15.3 million contract to repair Honeywell Auxiliary Power Units (APUs) of SriLankan Airline’s ...

Sri Lanka to ratify Comprehensive Nuclear-Test-Ban Treaty

The Cabinet nod has been granted to ratify the Comprehensive Nuclear-Test-Ban Treaty (CTBT) after 27 years into signing...

Indices close in red

The ASPI closed in red as a result of price losses in counters such as Expolanka Holdings, Aitken Spence and Vallibel One ....

Sri Lanka Innovators’ Forum: Session on Sub National Planning on June 16

The Gamani Corea Foundation (GCF) was set up by the internationally renowned late Dr. Gamani Corea in 2000 to take his passion...

Construction Power and Energy Expo 2023 in July

The highly anticipated Construction Power and Energy Expo 2023 is set to take place from July 7 to 9, 2023, at the BMICH in Colombo. This event ...

NDB Bank demonstrates commitment to data security obtaining ISO27001:2013 certification

In a landmark achievement, NDB has obtained the prestigious ISO27001:2013 certification, in an astounding four-month period....

Collect fixed deposit interest immediately only through Sampath Kalin Cash

Reaffirming its position as a market disruptor in the banking and financial sector of Sri Lanka, Sampath Bank is thrilled to announce...

Fitch assigns UB Finance First-time National Long-Term Rating of BB (lka)

UB Finance Co. Ltd, a premier licensed finance company in Sri Lanka, has been assigned a First-time National Long-Term Rating...

FAO to establish € 6.5 mn food safety system in SL via EU-funded BESPA-FOOD project

The Food and Agriculture Organization of the United Nations (FAO) through the European Union (EU)-funded BESPA-FOOD (Best Standardized Practices for the Agri-Food Sector) project will support the government to establish a well-coordinated food safety system in the country.

Oil prices rise as Saudi Arabia pledges to cut million barrels a day in July

BBC: Oil prices have risen after Saudi Arabia said it would make cuts of a million barrels per day (bpd) in July. Other members of Opec+, a group of oil-producing countries, also agreed to continued cuts in production in an attempt to shore up flagging prices.

Ceylon Chamber briefs top IMF officials on SL’s recent economic developments

At the invitation of the International Monetary Fund (IMF), the Ceylon Chamber of Commerce recently briefed the key representatives of the IMF on the recent economic developments in Sri Lanka and their impact on the country’s economic trajectory.

Bill & Melinda Gates Foundation assures support to Sri Lanka

Key representatives of the globally-renowned philanthropy organisation Bill & Melinda Gates Foundation (BMGF), including Southeast Asia Lead for Policy and Government Relations and India Country Director Hari Menon, were in Sri Lanka last week, committing support towards rebuilding the country.

CB told to submit report on EPF investments within two weeks

The Sectoral Oversight Committee on Foreign Employment and Labour has instructed the official representing the Central Bank to submit a report on the investments made by the Employees’ Provident Fund (EPF).

Yvonne Manzi Makolo becomes IATA’s first Chairwoman

The International Air Transport Association (IATA) yesterday announced that RwandAir CEO Yvonne Manzi Makolo has assumed her duties as Chair of the IATA Board of Governors (BoG) for a one-year term, effective from the conclusion of the 79th IATA Annual General Meeting (AGM) in Istanbul, Turkey, yesterday.

Ceylinco Life appoints new COO and Deputy COO strengthening leadership pipeline

Ceylinco Life yesterday announced the appointments of Ranga Abeynayake and Samitha Hemachandra as Chief Operating Officer (COO) and Deputy COO, respectively, following the creation of the two positions as part of the company’s leadership pipeline for the next decade and beyond.

99x honoured as four-time winner of Sri Lanka’s Best IT/ITES Workplace Award

99x announced its consecutive four-year recognition as one of Sri Lanka’s Best IT/ITES Workplaces. This accolade underscores 99x’s unwavering commitment to fostering an exceptional work environment that promotes growth, innovation, and employee well-being.

Apparel industry to lose US $ 494mn if GSP Plus withdrawn: JAAF

Sri Lanka’s apparel sector would face a major setback if it fails to renew the GSP Plus tariff concession from the European Union (EU), the Joint Apparel Association Forum (JAAF) cautioned, as the collective loss for the industry would amount to about US $ 494 million in exports.

India’s first cruise ship to SL sets sail from Chennai

India’s first cruise ship to Sri Lanka was flagged off from Chennai Port yesterday (June 5), Indian media reported.

Tourism Alliance destination consumer marketing campaign reaches new heights

The Sri Lanka Tourism Alliance (SLTA) launched its mini destination consumer marketing campaign ‘Fall in Love Again’ in October 2022.

Sysco LABS reaches another milestone in strengthening Sri Lanka’s IT talent pool

Sysco LABS successfully concluded another cycle of the ‘Industry Reconnaissance & Engagement Programme’ in partnership with the University of Moratuwa recently.

hSenidBiz appoints new Vice President for PeoplesHR Global Sales

hSenid Business Solutions PLC, the founding company of HRIS (Human Resource Information System), PeoplesHR recently appointed Luxsho Logan as their Vice President – Global Sales.

SLASSCOM to hold ‘EmTech Conference 2023’

In today’s fast-paced landscape, understanding and embracing emerging technologies is not a luxury but a necessity. Recognizing this, SLASSCOM is excited to announce the return of the EmTech Conference for its second year.

Unruly air passenger incidents on the rise: IATA

A new analysis by International Air Transport Association (IATA) released this week showed that post-pandemic, unruly passenger incidents are on the rise.

Govt. likely to review 5-year no-pay leave scheme for public employees to work abroad

The government is likely to review the decision granting public sector employees to work abroad for a five-year period, with the best performing employees in the public service leaving the country under the scheme potentially weakening the public service, according to a senior state official.