Japan, UNDP to help improve women’s economic well-being with US$ 3.8 mn grant

The government of Japan and the UNDP have joined hands to improve the women’s economic well-being for smallholder farmer families in Sri Lanka.

eChannelling wins Best Management Practices Award for driving exemplary standards

Recognised for driving exemplary standards, eChannelling, Sri Lanka’s largest channelling network and an arm of SLT-MOBITEL, was conferred....

Fitch downgrades Co-operative Insurance Company on governance shortcomings

Fitch Ratings has downgraded Co-operative Insurance Company PLC’s (CICPLC) National Insurer Financial Strength (IFS) Rating to...

EU and FAO launch 4mn euro initiative to improve efficiency and sustainability of paddy farming

The Food and Agriculture Organization of the United Nations (FAO) together with the European Union (EU) have officially launched...

Government to introduce e-procurement from May

State Minister of Finance Ranjith Siyambalapitiya yesterday said from May 1 procurement activities with a value of more than Rs.200 million....

Buzzfeed News to close as media firm cuts jobs

Buzzfeed is to close its news site and cut its workforce by 15 percent, Chief Executive Jonah Peretti has said. It comes....

Bed Bath & Beyond files for bankruptcy

Bed Bath & Beyond, the store for seemingly everything in your home during the 1990s and 2000s, filed for bankruptcy yesterday. “Thank you....

Ceylon Tea confident of retaining market share with recovery in output

Sri Lanka, the world’s largest orthodox black tea producer remains confident in retaining the market share and its brand value reflected....

Government invites private sector to take part in US$ 2bn North Port development

The government is eyeing US$ 2 billion worth of investments to build the proposed North Port of Colombo consisting of three....

Taj Colombo sees some recovery in biz but operating costs weigh on performance

Providing first glimpse to the city hotels operating in Sri Lanka, Taj Samudra Colombo reported its interim results for the three months...

SLT-MOBITEL to power Cool Planet’s new complex with Fibre

SLT-MOBITEL, the national ICT solutions provider, signed an agreement recently with Cool Planet (Pvt.) Ltd, one of Sri Lanka’s leading...

Sysco LABS supports AHRP’s annual HR Think Tank event for 2023

Sysco LABS was the strategic partner for the Human Resource Think Tank (HRTT), a forum organised by the Association of Human...

H One expands reach to Maldives with successful event on Microsoft Security

H One, the leading Microsoft reseller in Sri Lanka, has embarked on its expansion into the Maldives market with a successful event...

Huawei to build a smart talent ecosystem in South Asia

Huawei plans to develop fifty thousand ICT talents in South Asia in the next five years. The strategy will include....

Calcey Springboard partners with edX.org

Calcey Springboard said it would be offering select participants access to courses on edX, a global online learning platform. Through edX, Calcey...

Battling disease and debt: Financing non-communicable diseases amid economic crisis

“The shortage of medicines will significantly impact medications for non-communicable diseases (NCDs). If the NCD patients...

Nawaloka Medicare unveils state-of-the-art wing at Negombo facility

Nawaloka Medicare (Pvt.) Ltd, one of Sri Lanka’s leading healthcare providers, announced the opening of its new building in Negombo....

Apollo Proton Cancer Centre announces availability of proton therapy treatment for Lankan patients

India’s Apollo Proton Cancer Centre (APCC) recently announced the availability of the proton therapy treatment for Sri Lanka-based....

Mount Lotus Hospitals successfully completes 1,000 cataract surgeries in 7 months

Mount Lotus Eye and ENT Hospitals, one of the newest hospitals of its kind in Sri Lanka, reached a significant medical milestone...

SL’s rice output projected to recover to pre-fertiliser ban levels next year

Sri Lanka’s rice output is on track to fully recover to the pre-fertiliser import ban levels next year, as the farmers regain access to imported chemical fertilisers with the approval of the International Monetary Fund (IMF) loan, according to the latest report published by the United States Department of Agriculture’s (USDA) Foreign Agricultural Service (FAS).

Sri Lanka to build South Asia’s largest logistics complex in Port of Colombo

Sri Lanka’s aspiration to become a major logistics hub in the region took a giant leap forward yesterday, with the launch of a project to build the largest commercial and logistics complex in South Asia in the Port of Colombo, with an investment of US $ 392 million.

March national prices fall below 50% after eight months of runaway inflation

Sri Lanka’s inflation, measured by the National Consumer Price Index, fell below 50 percent for the first time since July last year, reinforcing that the prices are on a fast descent this year, which is expected to accelerate further from April, due to the higher base effects last year, after the weaker rupee sent the prices of everything from essentials to discretionary through the roof.

SLT eyes U.S. grant to establish cutting-edge submarine cable construction and deployment training facility

Sri Lanka Telecom (SLT) is in negotiations with the United States Trade and Development Agency (USTDA) for a grant to set up a cutting-edge submarine cable construction and deployment training facility, at its training centre located in Welisara.

Virtusa expands Sri Lanka HQ to accommodate growing team

Virtusa added 13,000 sq. ft. of new office space to its Colombo facility as part of its ongoing expansion strategy to support the company’s growing headcount.

Aitken Spence Travels welcomes 4,000 cruise passengers for April 2023

Aitken Spence Travels welcomed 4,000 cruise tourists to Sri Lanka on the eve of the Sinhala and Tamil New Year.

Ceylon Chamber mobilises corporate sector support to adopt 105 Suwa Seriya ambulances

The Ceylon Chamber of Commerce successfully facilitated the adoption of 105 Suwa Seriya ambulances, valued at Rs.525 million, to support Sri Lanka’s healthcare system.

Tea exports down 22% in March, 15% in first quarter

Sri Lanka’s tea exports dipped 22 percent year-on-year (YoY) to 17.97 MnKgs in March continuing the declining trend seen in both tea production and exports in recent times, the data released by Forbes & Walker Tea Brokers showed.

World could face record temperatures in 2023 as El Nino returns

REUTERS: The world could breach a new average temperature record in 2023 or 2024, fuelled by climate change and the anticipated return of the El Nino weather phenomenon, climate scientists say.

SLT to save Rs.300-400mn per year with relocation of Mobitel offices to new HQ

Mobitel operational offices are scheduled to move into a new state-of the art operational headquarters located in Welikada in May by bringing an estimated savings of Rs.300-400 million per annum on rent for Sri Lanka Telecom PLC (SLT).

Rs.5mn cash bundle goes missing at Central Bank