ComBank marks completion of 100,000 trees project with pledge to plant another 100,000

Sri Lanka is 100,000 trees richer thanks to the completion, ahead of schedule, of a commitment by the Commercial Bank of Ceylon to plant that number of trees at selected locations across the island, and the bank has announced plans to plant another 100,000 trees over the next 12 months.

Ceylinco Life 89th classroom donation benefits school in Arayampathy, Batticaloa

A group of children in the scenic coastal town of Arayampathy in Batticaloa will start the new school year with a new classroom, thanks to the generosity of Ceylinco Life.

Eva and SLRC launch menstrual health campaign for schools

Eva joined forces with the Sri Lanka Red Cross Society (SLRC) to launch an island-wide Menstrual Health and Hygiene Awareness Programme. Aimed at reaching schools across the island during 2025, this initiative seeks to equip students with vital knowledge while addressing stigmas surrounding menstruation.

NTB’s Urban Forestry Initiative takes root for greener tomorrow

Nations Trust Bank recently launched an Urban Forestry Initiative, a multi-phase tree-planting projectthat is aimed at increasing greener spaces in Colombo citywhileencouraging environmental stewardship.

People’s Bank celebrates excellence in sports

People’s Bank Sports Awards ceremony was recently held at Eagles’ Lake Side Banquet Hall, Aththidiya, to honour the outstanding achievements of the bank’s sports community.

SLIC General conducts Insurance Quiz Competition 2024

Sales professionals from Sri Lanka Insurance Corporation General Ltd (SLICGL) converged at the Head Office on 11 November, to compete in the grand final round of the General Insurance Quiz Competition 2024 and awards ceremony.

Cakey and Bakey founder honoured at Women Legends Awards

Dilmi Sathsarani Godage, founder of Cakey and Bakey, was recognised as the Best Creative Cake Artist of the Year at the Women Legends 2024, organised by MUGP International Organisation.

John Keells Group marks International Day for the Elimination of Violence Against Women

The John Keells Group commemorated the International Day for the Elimination of Violence Against Women on 25 November, reaffirming its commitment to combat gender-based violence (GBV) through sustained initiatives and targeted campaigns carried out by its Corporate Social Responsibility (CSR) entity, John Keells Foundation (JKF).

Sri Lanka to issue new bonds today

Sri Lanka will issue US$ 10.4 billion in macro-linked bonds (MLBs), including US$ 1.6 billion in governance bonds and Rs. 155 billion in rupee bonds today.

Government decides to further ease capital controls

The government has decided to further ease certain restrictions imposed on outward remittances for a six month-period until June next year based on recommendation of the Central Bank (CB).

CEB secures US$150 mn ADB loan for transmission network expansion

The Asian Development Bank (ADB) signed a US$150 million loan agreement with state-run Ceylon Electricity Board (CEB) to support key upgrades in the country’s electricity transmission infrastructure, the CEB said yesterday.

Port of Colombo poised for record-breaking year as it surpasses 7mn TEUs

The Port of Colombo achieved a significant milestone, surpassing 7 million twenty-foot equivalent units (TEUs) in container throughput by the end of November 2024, marking its highest performance since 2021. This achievement positions the port to close the year with its highest-ever container throughput.

November tea production expands 12.7% YoY

Sri Lanka’s tea industry recorded a boost in November with production climbing to 22.3 million kgs. This is a 12.7 percent increase from 19.78 million kgs in the same month last year. This rise also marked a 9.5 percent improvement over the 20.36 million kgs produced in November 2022.

Comfort Mattress Lanka invests US$ 25mn in Hambantota port’s industrial park

Comfort Mattress Lanka (Pvt) Ltd. has announced a US$25 million investment to set up a sponge mattress manufacturing facility at the Hambantota International Port’s (HIP) industrial park, becoming the first investor to take advantage of HIP’s recent push to expand its container operations.

Indices close on a mixed note

The ASPI closed in green as a result of price gains in counters such as Ceylon Cold Stores, Piramal Glass and John Keells Holdings with the turnover crossing Rs. 5.8 bn.

Profit taking emerges post auction

The secondary market yield curve witnessed increased profit taking yesterday, as the yield curve edged upwards, slightly.

Hayleys Energynet-Hengyang partner for a greener energy future

Hayleys Energynet has entered into an exclusive strategic partnership with Hengyang Ritar Power Co., Ltd, a global leader with 20+ years of experience in advanced energy storage technology.

Family Movers celebrates 35 years

Family Movers (Pvt.) Ltd, the leading all-in-one relocation service provider in Sri Lanka, will be celebrating its 35th anniversary this year.

Magic Mango caps off another year of creative success

The Magic Mango Group marks yet another year of success, celebrating the two most awarded and recognised campaigns of the year.

CIC launches Besto eggs

CIC has introduced its latest innovation, CIC Besto Omega 3 eggs, to the Sri Lankan market, catering to the consumers seeking nutrient-dense, high-quality eggs.

NDB Bank wins high at National Sales Awards 2024

NDB Bank celebrates a momentous achievement at National Sales Awards (NSA) 2024, organised by the Sri Lanka Institute of Marketing (SLIM).

Savi Lands celebrates 13 years in real estate industry

Savi Lands celebrates 13 years in the real estate industry, with a total of 56 residential projects, 15 infrastructural projects and more than 1500 clients.

AIA Sri Lanka Sets New Benchmarks in Workplace Culture

AIA Sri Lanka continues to redefine the standard for workplace excellence in Sri Lanka, celebrating a remarkable series of wins that affirm its standing as a leading employer and a company that prioritises the happiness and wellbeing of its employees. AIA has been honoured as one of Sri Lanka’s Best Workplaces by Great Place To Work®, making it the only life insurer to achieve this recognition for 12 consecutive years.

Sri Lanka’s leap as a hub for transnational education and global opportunities

A recent report by the British Council revealed that Sri Lanka is now the second largest transnational education (TNE) partner for the UK, with the island accounting for an impressive 10 percent UK TNE enrolments in the recent academic period.

Defaulters of small loans offered restructuring option till December 2025

The borrowers with loans below Rs.25 million would be given the option of restructuring until December 2025, President Anura Kumara Dissanayake said.

November tea exports decline by 6.4% YoY

Sri Lanka’s tea exports for November 2024 fell to 20.07 million kilogrammes (M/Kgs), a 6.4 percent decline, from 21.46 M/Kgs in November 2023.

Sri Lanka among top five most popular Asian destinations for Russian tourists

Sri Lanka continues to rank among the top five most popular Asian travel destinations for Russian tourists, with a record number expected to visit during the winter season, according to Yandex, one of Europe’s largest internet companies based in Russia.

Cartoon 19.12.2024

President says Adani Group’s global troubles won’t affect SL’s investment decisions

While controversies revolve around India’s Adani Group, President Anura Kumara Dissanayake has placed on record that his government is not concerned with Adani Group’s dealings with other countries.

Indices close on a positive note

The ASPI closed in green as a result of price gains in counters such as Hatton National Bank, Diesel & Motor Engineering and CIC Holdings with the turnover crossing Rs. 6.0 Bn.