Prabath Malavige elevated as Ports Authority Managing Director

Prabath J. Malavige, a senior port management and logistics professional has been promoted to the position of Managing Director at the Sri Lanka Ports Authority.

Palm oil industry stakeholders urge govt. to lift ban on cultivation

Sri Lanka’s Palm Oil Industry Association (POIA) and the Asian Palm Oil Alliance (APOA) yesterday called on the government to reconsider the ban on oil palm cultivation and allow its expansion so that the island nation can reap the economic benefits stemming from it.

Havelock City Mall to open doors in August

Havelock City Mall, the newest and most vibrant retail destination in Sri Lanka, is set to open its doors in August 2023.

Home Lands Skyline embarks on Greendale Resort Apartments project

Home Lands Skyline, known for its groundbreaking solutions provided to the real estate arena of Sri Lanka, yet again has embarked on a next generation resort apartment project, Greendale Resort Apartments, in between Malabe and Athurugiriya.

Build SL Expo 2023 ends on high note

Build SL Housing and Construction International Expo 2023, the annual exhibition showcasing products and services in the housing and construction sector, held for the 18th consecutive occasion, inaugurated by the Japanese Ambassador in Sri Lanka Kotaro Katsuki, ended on a high note.

ComBank adds SLT, LECO to Automatic Bill Settlement facility for credit card holders

The credit card holders of Commercial Bank of Ceylon can now automate paying their monthly bills of Sri Lanka Telecom (SLT) and Lanka Electricity Company (LECO) and enjoy uninterrupted services, following the addition of these two utility companies to the bank’s Automatic Bill Settlement facility.

Three Sinha wins Gold at INCO

Three Sinha Group of Companies, a leading player in Sri Lanka’s construction sector, has been awarded the Gold award for Best Inquiries Management System, at INCO Premiere Industrial Exhibition 2023.

Pan Asia Bank recognises top performers at Retail Awards

The outstanding performers from amongst its industry-best employee base shone under the spotlight of Pan Asia Bank’s Annual Retail Awards held recently at Courtyard by Marriott Colombo.

HNBA and HNBGI advocate better financial literacy

HNB Assurance (HNBA) and HNB General Insurance (HNBGI) recently held a workshop partnering Ravi Abeysuriya, CFA to present and distribute his latest book ‘Financial Literacy - to achieve your financial wellbeing’.

Coast Conservation Dept. clears path to build water villas in Kalpitiya

Sri Lanka’s Coast Conservation and Coastal Resource Management Department has cleared a proposal to build water villas in 16 islets off Kalpitiya in the North Western coast.

Japanese business delegation expected in SL in 4Q

On the sidelines of the visit of President Ranil Wickremesinghe at the roundtable meeting ‘Sri Lanka’s Economic Revival and Opportunities for Japanese Enterprise’, a delegation from Japan is due to arrive in the island nation in the fourth quarter of this year.

SL’s food security seen improving but prevalent within specific regions

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.

Advantis and India’s Cordelia Cruises unite to unleash ultimate cruising experience in Sri Lanka

The transportation and logistics arm of Hayleys Group, Advantis, announced a groundbreaking partnership with India’s top cruise line, Cordelia Cruises, to usher in a new wave of inbound luxury tourists....

Week starts in red

Indices closed in red as a result of price losses in counters such as Commercial Bank, Sampath Bank and Hatton National Bank with the turnover crossing Rs 518 Mn. High net worth and institutional investor....

First Capital Holdings sets new benchmark in 4-decade legacy with FY23 performance

First Capital Holdings PLC (the group), a member of the Janashakthi group, announced its impressive financial results and a remarkable turnaround from the previous year, marking the year ended on March....

Ayodhya new MD at Sampath Bank

Sampath Bank has formally announced the appointment of Ayodhya Iddawela Perera as the new Managing Director of Sampath Bank PLC, with effect from July 1, 2023. Perera’s appointment....

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....