Hapag Lloyd Lanka consistently recognised for exceptional customer service

Hapag-Lloyd Lanka, a subsidiary of Aitken Spence PLC and the local representation for Hapag-Lloyd-AG- Hamburg won two Customer Service Awards for the Europe Trade, for the third consecutive....

SAGT awarded for excellence in environment protection initiatives and best safety practices

South Asia Gateway Terminals (Pvt) Ltd (SAGT), Sri Lanka’s first Public Private Partnership Container Terminal was awarded the ‘Container Terminal with Best Safety Practices’ and the ‘Best Container....

Shippers’ Council clarifies position on implementation of Gazette No. 2321/62

The import and export sectors of Sri Lanka, which comprise the critical and crucial economic segments of Sri Lanka and which contribute to the country’s overall commercial activities, have been seriously...

Lion Brewery and Luxury Brands sweep SLIM NASCO Awards 2022

Leading members of the Lion Brewery and Luxury Brands trade marketing teams were honoured at the recently held SLIM National Sales Congress (NASCO) Awards.The awards recognize that the sales function....

Amami brand expands operations under new logo

Ranyan Industries Pvt Ltd, the company that pioneered production and supply of locally manufactured amenity kits to the burgeoning leisure and hospitality industry, recently launched....

Friends Adult Diapers make donation to enhance elders’ comfort

Friends Adult Diapers, marketed in Sri Lanka by Darley Butler & Company, continues to contribute towards enhancing the comfort of the elderly population. The latest initiative ....

Richardson appoints Finance Director

Richardson Holdings announced the appointment of Portia Jayamaha as their new Finance Director, an experienced finance leader who has worked in senior roles across several industries. Portia brings....

Mobizz Elite celebrates10 years in recruitment trade

Despite its modest entry in 2013, the company has managed to grow rapidly in stature within a short span and is now recognized as a premier HR solutions company, serving the requirements....

Nestomalt ‘Salary for Life 2022’ concludes

Nestlé Nestomalt concluded Salary for Life 2022, powering the ambitions of yet another consumer. Having received a record number of entries, the brand announced B. K. Sriyamini Dilini....

Waters Edge introduces Smart Digital Billing at outlets

The Waters Edge hotel has taken another leap forward in its digital transformation journey by launching a state-of-the-art digital billing platform at Bakery at the Edge recently. Waters Edge has built a reputation....

Swiss Ceylon Associates announces expansion plans in Sri Lanka

Swiss Ceylon Associates has announced expansion activities in Sri Lanka and South East Asia. Their main activities in Sri Lanka are in the field of Raw....

Foreign interest in G-Secs increases on hopes of economy’s swift recovery

Foreign interest in Treasury bills and bonds was seen growing steadily in the recent few weeks reflecting their readiness to bet on the future trajectory of the Sri Lanka’s economy. As per the data available....

Next hearing of Hamilton Reserve Bank’s lawsuit against Sri Lanka on April 20

The United States District Court in the Southern District of New York has set dates to hear the lawsuit filed by Hamilton Reserve Bank seeking payment of defaulted International Sovereign Bonds (ISBs) on April 20, following a failed attempt to get the case dismissed by the Sri Lankan government.

Int’l Monetary Fund issues growth warning as it lowers 2023 forecast

The International Monetary Fund (IMF) slightly lowered its outlook for the global economy on Tuesday, while predicting that most countries will avoid a recession this year despite economic worries and geopolitical strains.

IMF chief economist warns inflation could stay high until 2025

The underlying drivers of historically-high global inflation could persist until 2025, the International Monetary Fund’s (IMF) chief economist told AFP on Tuesday.

Influx of tourists continues!

A group of tourists exploring the Independence Memorial Hall in Colombo. Tourist arrivals to Sri Lanka have been on an uptrend since the start of this year, with the cumulative arrivals for the January 1 to April 7 period amounting to 362,519.

Japan, India and France to announce launch of Sri Lanka’s debt restructuring negotiation process

Japan, India and France will announce the launch of the debt restructuring negotiation process on Sri Lanka today, in the margins of the Spring Meetings, the International Monetary Fund statement said.

Seylan Bank to raise up to Rs.7bn via debt issue

Seylan Bank PLC yesterday revealed plans to raise up to Rs.7 billion via a Basel III-compliant convertible debenture issue.

De La Rue says demand for banknotes at its lowest in 20 years

Banknote maker De La Rue has said that demand for cash around the world is at its lowest level in 20 years.

Treasury bill auction bucks trend in a temporary blip in yields

The weeks-long decline in Treasury bill yields reversed this week in two out of three tenures, in what was interpreted as a temporary blip by the primary dealers and investors, as they believe the current descent in bill and bond yields to accelerate in the remainder of the year.

USAID and IREX announce launch of MoJo Lanka Academy

The United States Agency for International Development (USAID) and The International Research and Exchanges Board (IREX) have...

Sri Lanka seeks to develop Philippines as new tourism source market

The Sri Lanka Tourism Promotion Bureau (SLTPB) in collaboration with Sri Lanka Embassy in Manila recently hosted a familiarisation....

SL poised to become year-round holiday destination for Russians

Amid high demand, Russia’s outbound tour operators have decided to extend winter flight programmes to Sri Lanka in the upcoming....

China tech giant Alibaba to roll out ChatGPT rival

Chinese technology giant Alibaba has announced plans to roll out its own artificial intelligence (AI) ChatGPT-style product called Tongy....

People’s Bank branches open for Avurudu Ganu Denu

People’s Bank is celebrating the traditions of Sinhala and Tamil New Year with a host of gifts being offered for Ganu Denu. All People’s...

Skills Expo 2023 to be held at BMICH from May 12-14

Sri Lanka Skills Expo 2023 will take place at the Sirimavo Bandaranaike Memorial Exhibition Centre (SBMEC) at the BMICH in Colombo...

Interest rates likely to fall to pre-Covid levels, IMF predicts

Interest rates in major economies are expected to fall to pre-pandemic levels because of low productivity and ageing populations, according.....

China’s consumer inflation falls below 1% in March

China’s consumer price inflation fell below one percent in March, official figures showed yesterday, a sign of weak demand....

Bullish momentum continues

The ASPI closed in green as a result of price gains in counters such as Lanka IOC, Expolanka Holdings and LOLC Holdings with the turnover...

SL seeks relaxation of travel advisories

Sri Lankan Foreign Minister Ali Sabry yesterday urged other countries to review their travel advisories to reflect the stability in the country, which would further encourage tourist influx.