Acuity Knowledge Partners certified as ‘Great Place to Work’ in Sri Lanka

Acuity Knowledge Partners (AKP), formerly known as Amba Research was recently recognized and certified as a ‘Great Place to Work’ in Sri Lanka.

Baurs holds session on sustainable nitrogen mgt.

A. Baur & Co. (Pvt) Ltd. recently held an insightful technical session on Super Urea that highlighted the urgent need for sustainable nitrogen management.

NDB Bank partners with OPA for 37th Annual Conference

NDB Bank announced its collaboration with the Organization of Professional Associations of Sri Lanka (OPA) as a key partner for their 37th Annual Conference, which took place on August 26-27 at the Shangri-La Hotel, Colombo.

DFCC Leasing achieves 52.6% portfolio growth in first 8 months

DFCC Leasing has demonstrated notable growth in its leasing portfolio during the first eight months of 2024, reflecting its broad customer base’s enduring trust and confidence.

Melwa empowers technical officers, masons and welders

Melwa recently organised a workshop for Technical Officers of the Polonnaruwa District, held at the Roo Inn Chaya Hotel in Polonnaruwa.

NTB Amex unfolds exclusive experiences with Jetwing Hotels

Nations Trust Bank is offering exclusive experiences for American Express cardmembers seeking to indulge in a luxury holiday experience.

People’s Bank picks 50 lucky winners in July draw

People’s Bank conducted the monthly draw of ‘People’s Debit Card Wethin Gedaratama Thagi’ to pick the 50 winners for the month of July. The 50 winners took home supermarket vouchers worth Rs.25,000 each.

Sanasa Life and General Insurance holds awards ceremony

The awards ceremony for Sanasa Life and General Insurance 2023 was held at the Shangri la Hotel, Colombo on 3 September.

Sri Lanka - Japan Business Council re-elects Mahen Kariyawasan as President

The Sri Lanka – Japan Business Council (SLJBC) of the Ceylon Chamber of Commerce in its 45th AGM re-elected Mahen Kariyawasan - Managing Director Andrew The Travel Company (Pvt) Ltd., for the year 2024/25.

Prasenna Balachandran recognised as ACCA National Advocate of the Year 2023

In a remarkable achievement, Prasenna Balachandran, Vice President Risk and Control of InQube Global, has been honoured as the ACCA National Advocate of the Year in Sri Lanka.

ASUS expands lineup with Next-Gen AI laptops

ASUS has announced the expansion of its laptop portfolio with two new models across Consumer lineups.

CDB steps into 29th year empowering Sri Lankans’ aspirations

Citizens Development Business Finance PLC (CDB) since 1995 has with great humility accepted numerous laurels for its pioneering leadership and innovative mindset built on the unwavering purpose of ‘Empowering Aspirations’ of Sri Lankans.

CSE hosts investor forum in Batticaloa

The Colombo Stock Exchange (CSE) conducted an investor forumon September 8, at Hotel BeachWay in Kattankudi.

Human Capital Summit Report presented to President

President Ranil Wickremesinghe was presented with the report of findings from the “National Human Capital Summit 2024” by representatives of its organizing committee.

Revised import duties set to boost local trade and industries

Sri Lanka’s local business community stands to gain from a major revision of the country’s import tax structure, with the government announcing new measures to reduce costs and boost domestic production.

SL to setup Rs. 1,000mn Financial Stability Fund

Sri Lanka will establish a financial stability fund with an initial allocation of Rs. 1,000 million, provided by the Ministry of Finance, Economic Stabilisation, and National Policy, according to the Department of Government Information.

Govt. eyes foreign exchange boost with wheat bran exports to China 

The government is eying to boost Sri Lanka’s foreign exchange earnings by exporting wheat bran pellets, a byproduct of wheat flour production, to China, following Agriculture Ministry’s recognition of its export potential. The Department of Government Information said yesterday that the Ministry is set to sign a Memorandum of Understanding (MoU) with the General Administration of Customs of China to streamline the export process between the two

Personal Data Protection Act risks being a transplant if not contextualised: Scholar

Sri Lanka needs to educate the stakeholders and contextualise the implementation of the Personal Data Protection Act, otherwise it risks becoming a forcible legislative transplant, a top legal scholar warned.

Sri Lanka to receive second US$200mn ADB tranche for financial sector reforms 

Sri Lanka is set to receive a US$ 200 million loan from the Asian Development Bank (ADB) as part of the government’s ongoing efforts to stabilise the country’s financial sector and fiscal framework amid its economic recovery.

Fitch revises UB Finance’s Outlook to Negative; Affirms rating at ‘BB(lka)’

Fitch Ratings yesterday announced it has revised the outlook on Sri Lanka-based UB Finance PLC (UBF) to negative from stable and affirmed its National Long-Term Rating at ‘BB(lka)’.

Foreign buying continues

Indices closed in red as a result of price losses in counters such as Commercial Bank, John Keells Holdings and Sampath Bank with the turnover crossing Rs. 1.2 bn.

Secondary market slumbers pre-auction

The secondary market saw subdued trading activity and thin volumes yesterday, as market participants exercised caution ahead of today’s Rs. 180.0bn T-Bill auction and this Thursday’s Rs. 290.0bn T-Bond auction, amid ongoing election-related uncertainty.

CSE and DFCC Bank forge strategic partnership through new MoU

The Colombo Stock Exchange (CSE) and DFCC Bank PLC (DFCC) recently signed a memorandum of understanding (MoU) with the aim of enhancing the facilitation of inward investment accounts (IIAs) for non-resident foreign individuals (FIs) in Sri Lanka.

Sunil Dissanayake receives Sri Lanka Leadership Lifetime Achievement Award

Sunil Dissanayake was recently presented Sri Lanka Leadership Lifetime Achievement Award 2024 by World HRD Congress India Chapter. He completed 50 continuous years in management since September 1, 1974, both in hospitality and human resources management/development in senior management roles with significant organisations.

Visa Infinite for ultimate in sophistication

Personalised service offerings are becoming popular among high-net-worth individuals who are interested in lifestyle opportunities that offer exclusive experiential benefits.

WCIC launches Prathibhabhisheka Women’s Entrepreneur Awards 2024

The Women’s Chamber of Industry and Commerce (WCIC) announced the launch of its annual flagship event WCIC Prathibhabhisheka – Women Entrepreneur Awards 2024, to recognise and reward the outstanding women entrepreneurs of Sri Lanka and in the SAARC region.

Talawakelle Tea Estates champions impactful sustainability at UN event

Talawakelle Tea Estates PLC (TTE PLC), a Hayleys Plantations company, played a prominent role in advancing sustainability at the UN Global Compact’s flagship event: Forward Faster Now - Asia and Oceania.

COYLE Global Platform to empower Sri Lankan industries on world stage

The Chamber of Young Lankan Entrepreneurs (COYLE) announced the launch of the COYLE Global Platform, a visionary project designed to help the Sri Lankan industries set up and operate in new international markets. This innovative initiative is a collaborative effort, established in partnership with former COYLE members and various chambers around the globe, aimed at elevating the local businesses to global prominence.

CurveUp takes innovative edu-tech solutions globally

With the aim to empower educators and inspire learners through cutting-edge educational technologies and methodologies, CurveUp is rapidly expanding its global footprint, bringing its transformative learning solutions to new international markets, building on its success in the South Asian and Gulf regions.

NSB among Top 10 Women Friendly Workplaces again

Women Friendly Workplace Awards (WFWP Awards) fourth edition, jointly pioneered by Satynmag.com and CIMA Sri Lanka, was held recently at The Courtyard by Marriott Colombo, with the participation of Sri Lanka Foreign Affairs Ministry Secretary Aruni Wijewardane as the chief guest.