Dialog Axiata Group becomes first Quad-play Telco in SA to receive ISO 14001:2015 certification

Reiterating its commitment to social, environmental and economic sustainability, Dialog Axiata PLC’s Environmental Management System was certified for the globally recognised ISO 14001:2015 standard for its full scope of operations, becoming the first Quad-play Telco (Mobile, Fixed, Media and Broadband) in South Asia to do so.

Huawei Cloud appoints DMS Software Engineering to develop cloud computing market in Sri Lanka

DMS Software Engineering (Pvt.) Ltd, one of the leading technology companies in Sri Lanka. has been appointed as the authorised reseller, consulting and support partner for Huawei Cloud in Sri Lanka. This appointment authorises DMS to cater to the local market with innovative cloud solutions and work as the support partner ecosystem of Huawei Cloud in Sri Lanka.

ADSTUDIO.CLOUD launches revamped website

ADSTUDIO.CLOUD is back with an exciting news for all its users and beneficiaries. An all-improved and highly functional new website has been launched, elevating user experience like never before.

Performance of Sri Lankan tea industry: Present and future scenario

During the last 18 months, we have seen an excellent performance by the Sri Lankan tea industry, especially due to the efforts by the Ceylon Tea promoters,

Govt. to bring in laws to make 18 years minimum age of employment

The Labour Ministry has announced plans to bring in new laws and regulations and alter the existing laws within three months to prohibit anyone below 18 years of age being employed.

Lanka IOC 1Q earnings reflect travel and other restrictions

Lanka IOC PLC saw its June quarter (1Q22) performance impacted by travel restrictions that were imposed from mid-April, but the performance was better than the year earlier period when restrictions were harsher.

Devaka Cooray appointed United Motors Chairman

United Motors Lanka PLC (UML) has appointed Independent Non-Executive Director Devaka Cooray as Chairman of the company with effect from July 27.

Ceylon Chamber tells President ready to promote business with country returning to normalcy

The Ceylon Chamber of Commerce (CCC) has assured President Gotabaya Rajapaksa that it is eager to promote a number of sectors, including exports and tourism, as soon as the country returns to normalcy with its vaccination drive, according to a media communiqué issued by the President’s Media Division.

Losses at John Keells resorts mount during 1Q

John Keells Hotels PLC (KHL) saw the revenue momentum losing in both its Maldivian and Sri Lankan resort sectors during the June quarter (2Q22), reflecting the impact of COVID-19 third wave and the resulting restrictions on travel and leisure activities.

Another petition filed in Supreme Court challenging Finance Bill

Former Deputy Secretary of the Ceylon Bank Employees Union (CBEU) yesterday filed a Special Determination petition in Supreme Court seeking a declaration that the Bill titled “Finance” requires the approval by the people at a Referendum in addition to the 2/3 approval of the Parliament.

Tourism sector employees reach breaking point: THASL

Tourism sector employees have reached their breaking point after grappling with the hardships stemming from the pandemic and the Easter Sunday attack, thus it is imperative for the government to look into their grievances without further delay, the Hotels Association of Sri Lanka (THASL) said.

Devaka Cooray appointed United Motors Chairman

United Motors Lanka PLC (UML) has appointed Independent Non-Executive Director Devaka Cooray as the Chairman of the Company with effect from 27 July.

TECNO unveils CAMON 17 Smartphone in Sri Lanka

Tourism sector employees have reached breaking point: THASL

Tourism sector employees have reached their breaking point after grappling with the hardships stemming from the pandemic and the Easter Sunday attack, thus it is imperative for the government to look into their grievances without any further delay, the Hotels Association of Sri Lanka (THASL) said.

Cabraal assures new inflows; says reserves set to top US $ 7bn

Sri Lanka will have foreign reserves over US $ 7 billion within the next few months, even after the payment of US $ 1 billion sovereign bond settlement, which is due today, Finance State Minister Ajith Nivard Cabraal said.

Kuoni unveils 2022 Indian Ocean programme

Kuoni has launched an expanded Indian Ocean programme for 2022, with the addition of 13 new resorts across the region.

NTB’s unlisted debenture oversubscribed upon opening

Nations Trust Bank PLC (NTB) yesterday announced the successful oversubscription of its unlisted debenture prior to its opening, aggregating Rs.5 billion in applications.

Fitch upgrades Ideal Finance’s rating after acquisition by India’s Mahindra

Fitch Ratings has upgraded Sri Lanka-based Ideal Finance Limited’s National Long-Term Rating to ‘AA-(lka)’, from ‘BB-(lka)’ and removed the rating from Rating Watch Positive (RWP). The Outlook is Stable.

Rakna Property Holdings to invest in US $ 34mn mixed development project

The Board of Investment (BOI) of Sri Lanka recently entered into an agreement with Rakna Property Holdings Ltd, a subsidiary of Rakna Arakshaka Lanka Limited, for a mixed development project.

HNB Finance could pursue M&As as company actively seeks inorganic growth

HNB Finance PLC (HNBF) is eyeing possible mergers and acquisitions (M&As) in the current financial year, in order to pursue inorganic growth opportunities for the company to propel its growth momentum while growing in size.

John Keells Properties welcomes new residents to The Suites at Cinnamon Life

Leading developer John Keells Properties has officially begun the handover of the first keys of the ‘The Suites’ residential apartments at Cinnamon Life.

Pandemic-driven learning losses could erase 1.5% of GDP in OECD countries: economist

The pandemic-induced school closures and the resulting loss of learning are expected to cost 1.5 percent of the future economic output of an OECD (Organisation for Economic Co-operation and Development) country, with the impact running deeper elsewhere among countries with low incomes and access to poor infrastructure, according to an economist.

Beer industry requests government to reconsider sticker system

Sri Lanka’s largest brewer Lion Brewery (Ceylon) PLC has urged the government to reconsider the new sticker system, which has been introduced to prevent the possible excise duty leakages, as it only adds to the production cost and unlikely to increase tax revenue to the government.

Ceylon Motor Traders Association holds 101st AGM virtually

The Ceylon Motor Trader’s Association (CMTA), one of the oldest automotive associations in South Asia, comprising companies that are the franchise holders of global automobile manufacturers, held its 101st Annual General Meeting (AGM) on June 30th.

edotco strengthens commitment in Sri Lanka with new leadership

edotco Group Sdn. Bhd. (edotco), the leading regional integrated telecommunications infrastructure services company, has strengthened its commitment in Sri Lanka with the appointment of Gayan Koralage, as the Acting Country Managing Director of edotco Sri Lanka.

Eco Spindles leads way in plastic recycling spinning 90mn PET bottles to yarn each year

Sri Lanka’s largest plastic recycler, Eco Spindles, presents a sustainable solution to managing plastic waste by recycling plastic bottles directly into yarn or monofilaments.

Employer-supported childcare: A solution to labour shortages?

Kanthi is a 33-year old working mother who resides in Kuliyapitiya. Her two-year-old daughter is enrolled at a private crèche located eight km away from her home. Distance apart, Kanthi is not satisfied with the quality of the childcare and finds it expensive.

Message by His Excellency President Ibrahim Mohamed Solih, President of the Republic of Maldives

As the people of the Maldives celebrate the happy occasion of the 56th anniversary of our independence, I am happy to extend my warm felicitations and good wishes to all the Maldivians residing in Sri Lanka.

Message by His Excellency Abdulla Shahid Minister of Foreign Affairs of the Republic of Maldives

As we mark the auspicious occasion of the 56th Anniversary of Independence Day of Maldives, I wish to extend sincere greetings and good wishes to all the Maldivian nationals residing in Sri Lanka. While rejoicing on this happy occasion with fellow Maldivians, we are mindful of those who have been affected by the Covid-19 pandemic both at home and abroad. We share their grief and stand with those who have been impacted, and are resolutely working

Message by His Excellency Omar Abdul Razzak High Commissioner of the Republic of Maldives to the Democratic Socialist Republic of Sri Lanka

Independence Day is a celebration of expression for the spirit of love, peace, and harmony. Let me take this opportunity to extend my heartfelt greetings and best wishes to all Maldivians, on our 56th Anniversary of Independence Day, especially to Maldivians residing here in Sri Lanka. As we also celebrate the anniversary of 56 years of fortunate establishment of Diplomatic Relations between Maldives and Sri Lanka, I would like to send warm greet