reignite sri lanka 2023 business forum to be held in Melbourne tomorrow

The CA Sri Lanka – Australia Chapter Inc. announces its first business forum, Reignite Sri lanka 2023, in collaboration with the Consulate General of Sri Lanka in Melbourne, Australia, scheduled to be held at Crown Melbourne, on Wednesday, May 17, 2023.

CSE signs MoU with University of Moratuwa

The Colombo Stock Exchange (CSE) recently signed a memorandum of understanding (MoU) with the University of Moratuwa, to formalise collaborative efforts to improve financial literacy among undergraduates in Sri Lanka.

National Chamber felicitates past presidents

The National Chamber, in its history of 75 years, organised a felicitation ceremony for the past presidents of the chamber.

Hela Apparel Holdings receives ISO 14064-1:2018 certification for second consecutive year

Affirming the company’s unwavering dedication to ensuring a trajectory towards net zero by 2050, Hela Apparel Holdings received the ISO 14064-1:2018 certification for quantification and reporting of greenhouse gas emissions across the group, for the second consecutive year.

Heineken Lanka adjudged Great Place to Work

Heineken Lanka Limited, the Sri Lankan subsidiary of The Heineken Company, has received recognition as one of the Best Workplaces in the Manufacturing and Production Industry of Sri Lanka for 2023 by Great Place to Work, a globally recognised authority that identifies and studies the best workplaces in over 150 countries and territories.

DIMO honoured with Silver Trophy at Presidential Environment Awards

DIMO took home the Silver Trophy in the Vehicle Servicing category, at Presidential Environment Awards 2021-2022, which was held recently.

Coca-Cola Sri Lanka wins big at SLIM Kantar People’s Awards 2023

Coca-Cola Sri Lanka, a leading beverage brand that has been in the country for over 60 years, has been awarded the prestigious Beverage Brand of the Year and Youth Choice Beverage Brand of the Year awards, at SLIM Kantar People’s Awards 2023, hosted by the Sri Lanka Institute of Marketing (SLIM).

People’s Bank denies social media claims on loan write-offs

People’s Bank has denied views expressed on the Bank’s non-performing loan write-offs as shared in certain social media groups.

Three more promotional events to entice Chinese travelers in May

To entice Chinese travelers to visit the island nation, the Ministry of Tourism and the Sri Lanka Tourism Promotions Bureau (SLTPB) has planned a series of activities to be carried out towards the second half of May.

BOI under spotlight as nearly half of projects become inactive

With the number of active Board of Investment (BOI)-approved companies falling by nearly 50 percent since the inception of the agency,,,,

Samurdhi welfare scheme empowered mere 1% of recipient families: Siyambalapitiya

Indicating a complete failure of the 28-year-old Samurdhi welfare scheme, the government revealed that only one percent of recipient families...

SriLankan Airlines breaks even for first time in over a decade

As per unaudited accounts, the airline made US$ 3mn profits in FY ended March 31, 2023 National carrier, SriLankan....

Hambantota Port launches Duty-Free Complex

The Hambantota International Port (HIP) recently launched its Duty-Free Complex with the opening of two duty free shops within the port’s....

NDB reports strong March quarter despite de-growth in assets 

National Development Bank PLC reported strong financial performance in the three months to March 2023 and remains cautiously....

Batik Air reinstates daily services between Colombo and Kuala Lumpur

Batik Air, formerly known as Malindo Air, recently announced that all bookings are open for its new reinstated services between Colombo....

Months-long gains in workers’ remittances continue in April

Remittances from migrant Sri Lankan workers continued their months-long upwards streak in April, becoming one among the few....

People’s Bank rewards ‘Vaasi Kotiyai’ prize winners

HNB Finance expands footprint with new branch in Piliyandala

HNB Finance Plc has announced the launch of its 78th branch in Piliyandala, as part of its continued efforts to improve accessibility and....

Amana Bank reports solid pre-tax profits in March quarter

Amana Bank PLC reported robust financial performance in the three months to March 2023, navigating the adversities in the economy....

HNBGI introduces ‘Claimee’ digital solution to initiate claims process

Road accidents are an unfortunate reality that is both frustrating and inconvenient. The conventional process of waiting for an assessor....

NTB delivers strong 1Q, further strengthening capital adequacy and liquidity

Nations Trust Bank PLC reported a strong performance in the first3 months of 2023 posting a Profit Before Tax (PBT) of Rs.5.8 billion...

Sri Lanka’s airline posts US $ 525mn annual loss

Cash-strapped Sri Lanka’s national airline announced a staggering US $ 525 million annual loss yesterday

Government defends proposal to raise Treasury bill ceiling by Rs.1tn

The government defended the proposal to raise the short-term Treasury bill ceiling by Rs.1 trillion, given the prevailing high market yields on the longer-tenure Treasury bonds, due to the uncertainty prevailing over domestic debt restructuring.

Lankan baker Tharshan Selvarajah bags ‘Best Baguette’ title in Paris

Sri Lankan baker Tharshan Selvarajah came under the fresh spotlight this week, as he walked away with the first-place title at the 30th annual ‘Grand Prix de la Baguette de Traditional Francaise de la Ville De Paris’.

Colombo Tea Auction sees highest offering since Jan. this week

The Colombo Tea Auction this week saw the highest offering since January this year, which was met with fair demand, at firm to easier rates.

Sri Lanka-China route to get three more flights from July

As Sri Lanka is witnessing a week-on-week increase in tourist arrival from China, more flights will be added in the coming months between the two countries.

Elon Musk names Linda Yaccarino new Twitter CEO

Elon Musk has named a new chief executive of Twitter, just over six months after his controversial takeover of the social media company.

Damro opens Rs.310mn purpose-built office complex dedicated to exports

Strengthens board of directors with respected corporate leaders

Pledge from Prez. to transform ignored education sector in next 10 years

Asserts need for necessary changes in edu. system to support country’s development agenda

Two Lankan student teams reach World Finals at Microsoft Imagine Cup 2023

Two teams from Sri Lanka, team Sipsara and The Green Tycoon, successfully qualified to the World Finals (Asia) stage at Microsoft Imagine Cup 2023, Microsoft’s global competition for students to dream and build new ways of using technology to improve lives.