BOI plans to carry out future industrial and residential zone developments on PPP basis

The Board of Investment (BOI) plans to conduct future industrial and residential zonal developments on a public-private partnership (PPP) basis, moving away from capital expenditures....

Northern province tops reform agenda amid absence of enabling biz environment: ILO

Sri Lanka’s Northern province has always been at the top of the agenda for most policy reform initiatives but the region still lacks an enabling business environment, the International Labour Organisation...

ICAO reaffirms Sri Lanka flying high in its aviation security systems

ICAO has audited Sri Lanka aviation security systems under the Universal Security Audit Programme Continuous Monitoring Approach (USAP-CMA) during the period May 8 to18th 2023. Here, the implementation...

Sri Lanka welcomes PATA Nepal Chapter for tourism exchange and support

The Pacific Asia Travel Association (PATA) Sri Lanka Chapter recently hosted their Nepalese counterparts as a part of PATA’s drive to improve cross-Chapter exposure and communication. The visit aimed...

CINEC Campus establishes CINEC International Hotel School

CINEC campus, Sri Lanka’s premier naval engineering education institute, has recently established CINEC International Hotel School (CINEC-IHS). The newly established CINEC International...

Sagami Travels celebrates ten years of operations

Every journey has a beginning and 2023 marks a decade since Sagami Travels, a Sri Lankan travel marketing firm, began creating a myriad of diverse journeys aimed to bring newer global....

SriLankan Airlines launches loyalty programme for foreign employment agencies

SriLankan Airlines has launched a loyalty programme with a host of benefits for foreign employment agencies. Foreign employment agencies are a crucial....

ADB approves US $ 350mn special budget support loan for Sri Lanka

The Asian Development Bank (ADB) yesterday approved a US $ 350 million special policy-based loan to provide budget support to Sri Lanka for economic stabilisation. “The programme is part....

Food security seen improving, but prevalent within specific regions in SL: FAO

Food security in Sri Lanka is improving across all provinces, but is still prevalent within specific regions, the Crop and Food Security Assessment Mission (CFSAM) report revealed.

Government to come up with special programme to systematise tax payment

State Minister for Finance Ranjith Siyambalapitiya says that a systematic programme has been prepared to streamline the payment of taxes by fixing the existing weaknesses and shortcomings....

APAC region CEOs remain optimistic amid global economic slowdown: PwC

PwC’s 26th Annual Global CEO Survey, which polled 4,410 CEOs in 105 countries and territories took place in October and November 2022. Elaborating on their findings....

Hayleys reports strong March sales on exports but profits slump on finance cost

Hayleys PLC reported a strong topline and operating profits in the three months to March 2023 on the back of higher income from exports as the sharp fall in the rupee....

Sunshine bottom line hindered by sharp rise in finance cost despite strong revenue growth

Diversified conglomerate Sunshine Holdings recorded resilient revenue growth in a challenging macroeconomic environment, reporting notable top-line growth during the year ended 31 March 2023. Group’s....

JAAF expects current slowdown in apparel exports to continue for the year

The Joint Apparel Association Forum (JAAF) expects the current slowdown in apparel export orders to continue for the rest of the year. “We have been....

Rubber planters deep in crisis amid declining prices and steep rise in production costs

Sri Lanka’s rubber planters have fallen deep into crisis with declining auction prices and steep increase in input costs on top of nearly 40 percent crop loss resulting from Pestalotiopsis disease after....

Pandemic and strikes increased demand for private tutoring in SL: IPS study

The demand for private tutoring has increased in the context of dysfunctional school classes due to the pandemic and teacher strikes, a new study by the Institute of Policy Studies of Sri Lanka....

Market Research Society of Sri Lanka elects 2023 committee

At the 10th Annual General Meeting of the Market Research Society of Sri Lanka (MRSSL) held recently, Sakuntha Amarasekere was elected as President for 2023. Amarasekere....

Distressed ship Papayiannis III repaired at HIP

Bulk carrier Papayiannis III, sailing under the Marshall Islands flag, was enroute from Port Said, Egypt to Singapore, when it experienced a sudden engine failure. The vessel, which was declared...

TISSL to host International Conference for School Leaders 2023 in June

The International Schools of Sri Lanka (TISSL) is gearing up to host the International Conference for School Leaders come June, after a three-year break. The conference, which was....

Advantis DNA: Empowering a multi-generational workforce towards a more inclusive future

Advantis, the transportation and logistics arm of Hayleys PLC, has embarked on a pioneering journey of cultural transformation by introducing the ‘Advantis DNA’. The employee-led....

Freight 360 moves to new location

Freight 360 recently moved its operations to a new location at R. A. De Mel Mawatha, Colombo 03, second floor and it is thrilled to announce the grand opening. It is specialised....

National Business Excellence Awards at Shangri-La on June 20

The National Chamber of Commerce is proud to host the awards ceremony of the National Business Excellence Awards 2022 (NBEA), to be held on Tuesday, June 20, 2023, amidst a large, distinguished....

AIA Insurance yet again globally recognised as Best Life Insurance Company in Sri Lanka

AIA Insurance has been recognised as the Best Life Insurance Company in Sri Lanka, for the fourth year. Awarded by internationally acclaimed.....

Sanasa Life Insurance achieves record growth of 90% in 1Q23

SANASA Life Insurance Co PLC, which was recognised as the fastest growing life insurance company in Sri Lanka for the last couple of years, took a giant leap in the field of life insurance in Sri Lanka...

People’s Bank Vaasi Kotiyai 2023 draw picks 4 millionaires

People’s Bank’s People’s Remittance Vaasi Kotiyai 2023 draw, to select the millionaire winners for January, February, March and April, took place at the People’s Bank Overseas Customer Services premises....

Domestic debt restructuring must not destabilise financial sector

The restructuring of our sovereign debt is primarily driven by the gross financing needs (GFN), forward sovereign debt perimeter, forward debt service to GDP and other factors that dominate the International....

Pan Asia Bank rewards loved ones of remittance customers

As a way of rewarding its remittance customer base for their loyalty, Pan Asia Bank has launched a new promotion wherein the Top 5 customers, who made highest remittances, will win a sum of Rs.50,000...

BOI ups FDI target to US$ 2bn amid growing investor interest

Sri Lanka’s Board of Investment (BOI) has increased the foreign direct investment (FDI) target to US$ 2 billion from earlier US$ 1.3 billion for the year as foreign investors are returning to the country following a troubled year and given the possibility of realising big ticket investment pertaining to an oil refinery in Hambantota.

Prez asserts importance of Japanese investments for SL’s revival

President Ranil Wickremesinghe yesterday highlighted the importance of Japanese investments to push the revival of Sri Lanka while affirming commitment to stabilising and liberalising the economy and actively inviting new foreign ventures.

Fresh focus on Ceylon Tea in Tehran on International Tea Day 2023

Ceylon Tea came under fresh focus in Tehran recently, with the Sri Lankan Embassy promoting the premium product to locals on International Tea Day 2023, May 21.