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Fri, 19 Apr 2024 Today's Paper
10 Apr 2024 - 0 - 71
Amana Bank has announced the appointment of Delvin Pereira to its director board as a Non-Executive Independent Director with effect from 28 March 2024. With experience....
10 Apr 2024 - 0 - 247
Four companies this week received government approval to be recognised as Secondary Businesses of Strategic Importance. Cabinet nod was given....
10 Apr 2024 - 0 - 63
The Ceylon Chamber of Commerce hosted the International Symposium on the Role of Science in Food Reformulations recently. The symposium brought together....
10 Apr 2024 - 0 - 73
The halted condominium project, the Campbell Avenue project, is to be resurrected by Westbury Suites, spearheaded by Project Director Muhez Muzammil. The project....
10 Apr 2024 - 0 - 44
Huawei Sri Lanka announced that a team from the University of Moratuwa has successfully advanced to the Huawei ICT Competition 2023–2024 Global Finals and Regional Award Ceremony....
10 Apr 2024 - 0 - 240
HNB General Insurance announced the appointment of Dayalanie Abeygunawardena to its director board. Abeygunawardena brings with her....
10 Apr 2024 - 0 - 42
Dr. Anil Munasinghe, former Deputy Chief Executive Officer of Kelani Cables PLC, has been appointed as Chief Executive Officer of the company, with effect from April 1, 2024. He started....
10 Apr 2024 - 0 - 191
Embarking on a bold journey toward sustainable energy solutions, People’s Leasing & Finance PLC (PLC) and Hayleys Solar, the renewable energy arm of Hayleys Fentons Limited, have officially....
10 Apr 2024 - 0 - 26
Designed to empower customers with high-return short-term savings plans, DFCC Savings Goal promises a personalised savings experience coupled with flexibility and attractive....
10 Apr 2024 - 0 - 35
Fitch Ratings affirmed Sri Lanka-based Construction Guarantee Fund’s (CGF) National Insurer Financial Strength (IFS) Rating of ‘BB(lka)’. The Outlook is Stable. The rating....
10 Apr 2024 - 0 - 22
Inequality results in adverse economic, social and political consequences. Unlike the advanced economies, improvements in education, fertility and incomes have not been able to enhance....
10 Apr 2024 - 0 - 45
Cartoon 10.04.2024
10 Apr 2024 - 0 - 34
Genie Business, the ultimate all-in-one fintech platform for Sri Lankan businesses, was launched by Dialog Finance PLC to revolutionize the landscape for Micro, Small, and Medium Enterprises...
09 Apr 2024 - 0 - 65
Apex Institute of Management Services (AIMS) held their Award Ceremony 2023/2024 celebrating the achievements of their students in the Ruby Hall at the BMICH on the 30th of March 2024. AIMS is renowned in the manufacturing and service sectors, nurturing more than 2000 students every year as a leading professional education and training provider both locally and internationally. AIMS is registered under the NAITA and BSI since 2010 and is approved
09 Apr 2024 - 0 - 81
09 Apr 2024 - 0 - 92
Colombo, March 2024: Himalaya Wellness Company, one of the world’s largest consumer products company specializing in health and beauty products with a strong presence of herbal and ayurvedic ingredients, has recently announced the re-launch of Himalaya Purifying Neem Face Wash in Sri Lanka. The product is available in two size variants: 50ml and 100ml packs. It has active ingredients of a combination of neem and turmeric, having strong inherent b
09 Apr 2024 - 2 - 1161
The Small Medium Modern Trade (SMMT) outlets are rapidly capturing the attention of Sri Lanka’s middle class, with the traditional retailers swiftly adapting to this shifting retail landscape.
09 Apr 2024 - 0 - 135
Cargills Bank released its annual report for 2023, reporting a robust growth in profit before tax (PBT), driven by a 30 percent increase in total assets during the year. The bank posted a PBT of Rs.730 million for the year vs. Rs.206 million in the corresponding period. The total operating income grew 14 percent year-on-year (YoY) to Rs.4,875 million, driven mainly by a 39 percent growth in the net fees and other income to Rs.1,494 mil
09 Apr 2024 - 0 - 594
The Central Bank said they expect the government securities yields to ease further from their current levels in line with the recent policy rate cut despite some uptick seen recently. Commenting on the bill and bond yields, which saw some bottoming out in March, Central Bank Governor Dr. Nandalal Weerasinghe said it doesn’t indicate a trend, instead it was a reflection of heavy borrowings made by the government during the m
09 Apr 2024 - 0 - 207
In an effort to bolster growth and combat climate change, the International Finance Corporation (IFC) and Citizens Development Business Finance PLC (CDB) announced a new partnership to enhance the latter’s green portfolio, fostering sustainable and inclusive growth. The IFC will support CDB to expand its climate finance product offerings and devise a carbon credit aggregation business model, aligning it with the country’s climate commit
09 Apr 2024 - 0 - 467
While Sri Lanka is witnessing improvements in its economic landscape, the World Bank asserted that the persistent vulnerabilities in the banking sector require close monitoring. Even as the credit conditions improved, the non-performing loans (NPL) remained elevated at 13.4 percent in 3Q 2023, compared to 11.6 percent at end- 2022, reflecting a deterioration in the debt servicing capacity in the economy. In the recently launched ‘Sri
09 Apr 2024 - 0 - 157
This feature is based on a thought-provoking panel discussion hosted by Capital Alliance Limited which delved into the current trends in consumer spending and the post-crisis outlook for the consumer sector in Sri Lanka. The panelists comprised esteemed industry experts including Maliban Group Chief Executive Officer Ravi Jayawardena, Hemas Consumer Brands Managing Director Sabrina Esufally and Singer Sri Lanka PLC Group Chief Executive Officer
09 Apr 2024 - 0 - 34
Eco Technologies unveiled recently a revolutionary solution using electronic methods to combat caking and scaling in factories for hot boiler and chillers, eliminating the need for chemicals and providing a long-term fix. Dr. Lalindra Malindra Munnasinghe, CEO and founder, highlighted the cost savings for industrialists compared to traditional chemical treatments. With a five-year service warranty, reliability is assured. The initial cost of Eco
09 Apr 2024 - 0 - 87
Brown & Company’s Digital Transformation Solutions Strategic Business Unit recently signed a Memorandum of Understanding (MoU) with the University of Sri Jayawardenepura. The agreement was initiated to enable industrial digitalisation through Internet of Things (IoT) solutions and conduct research and development, along with projects on a partnership basis between the two entities. The significance of the partnership will extend beyond the re
09 Apr 2024 - 0 - 48
Dhammika Fernando was re-elected as the Chairman of the Free Trade Zone Manufacturers Association (FTZMA) at the 43rd Annual General Meeting. Managing Director – Flintec Transducers Pvt Ltd, Tyronne Weckasinghe was elected as the Secretary of the Association, Manjula Mahadanaarachchi, Chief Executive Officer of Lalan Rubber Pvt Ltd was elected as the Treasurer while Fazal Abdeen Managing Director of ATG Ceylon Pvt Ltd and Nishantha Bakmeege Manag
09 Apr 2024 - 0 - 28
The Securities and Exchange Commission of Sri Lanka (SEC) in collaboration with the Colombo Stock Exchange (CSE) hosted several impactful teacher training programmes for teachers of the established 100 Capital Market Clubs across the country. These teacher training programmes were conducted in all three languages from the 13th March to 4th of April at teacher training centers across the nine provinces of country. The ‘Capital Market Club’ prog
09 Apr 2024 - 0 - 56
HNB PLC announced the appointment of Damith Pallewatte as Acting CEO, effective from 6th April, subject to approval of his fit & propriety from Central Bank of Sri Lanka. The appointment comes as part of a planned leadership transition first announced in May 2023. A qualified Banking and Risk Management Professional with over 27 years of experience including more than 14 years in Senior and Corporate Management positions, Pallewatte brings a wea
09 Apr 2024 - 0 - 37
LOLC Holdings PLC announced clinching the ‘People’s Financial Services Brand of the Year’ at the SLIM-Kantar People’s Awards 2024. This achievement marks the seventh consecutive year that LOLC has been recognized as the top choice in the nation’s financial services sector. Kapila Jayawardena, Group Managing Director/CEO of LOLC Holdings PLC, expressed his gratitude, stating, “We are honoured and humbled to once again receive this prestigious awar
09 Apr 2024 - 0 - 52
The 11th annual CFA Society Sri Lanka Capital Market Awards will be held on June 18 June, with a key highlight being the Best ESG Reporting Award conferred for the first time in the history of the event. ESG reporting refers to the process of disclosing a company’s performance and practices related to environmental, social and governance (ESG) factors. It involves the communication of relevant information to key stakeholders, including investors
09 Apr 2024 - 0 - 263
A delegation from the Singapore Food Agency (SFA), headed by Dr. Abdul Jalil Abdul Karder, Assistant Chief Executive Officer (Operations), along with two other officers from the Joint Operation Division of the SFA visited Sri Lanka from March 25-28. The purpose of the visit was to conduct pre-inspections of slaughterhouses in Sri Lanka that have applied for licenses from the SFA in Singapore, with the objective of assessing the potential of Sri
19 Apr 2024