Annika Senanayake appointed chairperson of Janashakthi Insurance

Janashakthi Insurance PLC has announced the appointment of Annika Senanayake as the new Chairperson, effective 01 January 2025.

CSE announces constituent change in S&P Sri Lanka 20 Index 

The Colombo Stock Exchange (CSE) on Friday announced changes to the S&P Sri Lanka 20 index constituents as part of the 2024 Year-End Rebalance, conducted by S&P Dow Jones Indices.

Central Bank issues eight new LKR bonds settling bondholders

As Sri Lanka brought the bond restructuring to a close, the Central Bank issued eight new treasury bonds with maturities running up to 19 years for which valid offers were accepted under the local bonds option by the government in return for the defaulted sovereign bonds.

NOTICE

Mirror Business will not be published from Tuesday (24 December) to Saturday (28 December) in view of Christmas Holidays. The next issue will be on 30 December.

Banks asked to roll-out slew of relief on SME credit facilities under strain

The Central Bank in a circular issued last week, announced a string of relief measures on the credit facilities of the Small and Medium size Enterprises (SMEs) who were affected from the repeated crises from the Easter Sunday attacks to the pandemic to the economic crisis which sent their costs, interest rates and taxes to sky high levels, pushing many out of business and others to the brink.

Tourist arrivals surpass 1.9 mn mark

Sri Lanka surpassed 1.9 million tourist arrivals for the year, provisional data from Sri Lanka Tourism Authority (SLTDA) showed.

Govt. targets 3 mn tourists, US$5 bn revenue in 2025

The government is aiming to attract three million tourists in 2025, generating over US$ 5 billion in revenue, with major institutional reforms planned for the tourism sector next year.

Stock Exchange witnesses more instances of unusual trading

Diesel & Motor Engineering PLC (DIMO) and Sathosa Motors PLC also denied possessing any unpublished price-sensitive information connected to unusual trading activities of their shares on Colombo Stock Exchange (CSE).

ComBank launches Agri Modernisation Village programme in Kilinochchi

Commercial Bank of Ceylon has embarked on an ambitious mission to propagate technology in the agriculture sector, encompassing all areas of agricultural potential in the country.

CIPM holds Feedback and KPI Mastery workshop

The Chartered Institute of Personnel Management (CIPM) Sri Lanka concluded its sold-out Feedback Playbook and KPI Mastery for Success in 2025 workshop, held recently at Marino Beach Colombo.

Oplee, SL’s Best Luxury Body Care Brand

Oplee Luxury Products has been awarded Best Luxury Body Care Brand in Sri Lanka at the 2023/2024 Entrepreneurial Excellence Awards held in Gampaha.

Huawei holds South Asia Supplier Convention 2024

Huawei’s South Asia Supplier Convention 2024, held at ITC Ratnadipa recently, brought together key partners from Bangladesh, Nepal, the Maldives and Sri Lanka, to explore new opportunities for collaboration and strengthen the region’s partner ecosystem.

Japanese business delegation visits HIP

The Hambantota International Port (HIP) supported a joint initiative by the Japan External Trade Organisation (JETRO) and Hambantota Chamber of Commerce, which are on an initiative to attract investments into the southern hinterland of Sri Lanka.

Hayleys Fentons wins at SAFA Awards

Hayleys Fentons Limited was recognised at the prestigious SAFA Best Presented Annual Report Awards 2023.

Sigiri.Ai launches Sinhala and Tamil LLMs

Sigiri.Ai, founded by Lasitha and Kasun Gunasinghe, has introduced a groundbreaking development for Sri Lanka’s digital landscape: the first-ever Sinhala and native Tamil large language models (LLMs).

SL-Indonesia Business Council’s 1st AGM held

The first Annual General Meeting (AGM) of the Sri Lanka-Indonesia Business Council was held at Jetwing Colombo Seven.

SLT-Mobitel Nebula Institute of Technology hosts graduation

SLT-Mobitel Nebula Institute of Technology hosted its annual graduation ceremony recently, at the BMICH.

Union Assurance hosts Seylan banca achievers

Union Assurance recently hosted the bancassurance achievers of the Seylan Bank Channel at a gala celebration.

Nishantha Hettiarachchi at SLASSCOM AI Asia Summit 2024

Sysco LABS Director Engineering and Architecture Nishantha Hettiarachchi was a panellist in the AI in Hospitality session at the recently concluded SLASSCOM AI Asia Summit 2024.

Great Place to Work empowers managers

The ‘Become a Great People Manager’ workshop was held at Mandarina Colombo recently revolutionising the way managers lead in today’s dynamic workplace environment.

PLC’s Prabath Gunasena named as CIO of the Year

People’s Leasing & Finance PLC (PLC) announced that its Group Chief Information Officer Prabath Gunasena has been named as Chief Information Officer of the Year by the Computer Society of Sri Lanka (CSSL).

Medihelp Hospitals acquires Revival

Marking a significant milestone, Medihelp Hospitals, Sri Lanka’s largest primary healthcare network, has officially acquired the Revival chain of Physiotherapy and Pain Management Centres.

BC inaugurates Youth-Led Green and Inclusive Biz project

The British Council inaugurated its flagship project, Youth-Led Green and Inclusive Businesses, in partnership with four state universities, University of Peradeniya, University of Kelaniya, University of Sri Jayewardenepura and University of Uva-Wellassa, during an event held recently.

NDB Shareek celebrates 10 years

NDB Bank marks a monumental milestone as its Islamic banking arm, NDB Shareek, celebrates 10 years of providing Shariah-compliant banking and financial solutions to Sri Lankans.

Orion City to launch EV charging facility

Orion City is launching a cutting-edge electric vehicle (EV) charging facility on January 1, 2025.

TWC facilitates climate adaptation initiatives for Maldives’ tourism

The advisory arm of TWC Holdings (formerly TWCorp), a company founded in 2012 by Thilan Wijesinghe, has emerged as a transformative partner in adapting tourism development to meet the impacts of climate change in the Maldives.

Kaspersky appoints Technocity as exclusive distributor in Sri Lanka and Maldives

Global cybersecurity leader Kaspersky has appointed The Technocity Pvt Ltd as its exclusive distributor for Kaspersky Anti-Virus software (consumer category) in Sri Lanka and the Maldives.

ComBank wins 4 including double Gold at CA Sri Lanka TAGS Awards

The Commercial Bank of Ceylon won two Golds, a Silver and a Bronze at CA Sri Lanka’s ‘TAGS’ Awards 2024, reaffirming the bank’s prowess in financial reporting through its Annual Report for 2023.

Aitken Spence companies recognised at TAGS awards by CA Sri Lanka

The annual report of Aitken Spence PLC presented under the theme ‘The Power to Inspire’ won the ‘Silver’ award under the Diversified Holdings(Group Turnover Up to 100bn) at the 59th TAGS Awards 2024(Transparency,

Browns recognised as Most Innovative Diversified Conglomerate

Brown & Company PLC was recently nominated as Most Innovative Diversified Conglomerate, Sri Lanka 2024 by the esteemed Global Economics Awards, a platform which identifies business enterprises thatcontribute towards their economies in a significant way.