Fortune World’s Best Workplaces outperform on drivers of confidence in leadership

Great Place To Work identified 25 winners on this year’s list by surveying more than 7.4mn employees in 2023 and 2024

nVentures welcomes visionary tech ecosystem leader Mohan Belani

nVentures announced that Mohan Belani, Co-Founder and CEO of e27 and Partner at Orvel Ventures, has joined its esteemed group of investors.

E.B. Creasy Solar secures sustainable energy for S. Thomas’ College

E.B. Creasy Solar recently oversaw the fitting of a solar energy solution at S. Thomas’ College, Mount Lavinia, powering a future of education with clean energy.

SriLankan FlySmiLes goes live with reimagined website

SriLankan Airlines’ frequent flyer programme FlySmiLes has gone live with a reimagined website that introduces several standout features, offering seamless access and reward redemptions alongside many other intuitive functionalities for its nearly 800,000 global members.

Mahindra unveils new visual identity and flagship SUVs at Colombo Motor Show 2024

Mahindra & Mahindra Ltd, a global leader in the automotive industry, unveiled its SUV range and the all-new Twin Peaks visual identity at the Colombo Motor Show.

Sri Lanka records nearly 24,000 tourist arrivals in first four days of December

Sri Lanka welcomed 23,958 tourists in the first four days of December, according to the provisional data from the Sri Lanka Tourism Development Authority (SLTDA).

Credit card holders yet to spend more on their cards while consumer spend recovers

The credit card holders are yet to swipe their cards more meaningfully and more frequently for their purchases, as the outstanding growth in their card balances haven’t changed much during October and in fact, the balance still stays below the level at the start of the year, raising questions if the still higher rates are holding them out.

Sri Lankans pay more for cigarettes compared to Asian peers

Sri Lankans pay considerably more for cigarettes than many of its Asian neighbours when adjusted for purchasing power, research by JB Securities showed.

Kapruka becomes 1st e-commerce platform in SL to accept Apple Pay

Kapruka.com, Sri Lanka’s largest locally owned e-commerce platform, has become the first online service in Sri Lanka to accept Apple Pay payments.

ASPI gains for the 10th consecutive day

Indices closed in green as a result of price gains in counters such as Hayleys, LOLC Holdings and Hatton National Bank with the turnover crossing Rs. 4.4 Bn.

ASPI starts week in green

The broader market began the week on a positive note, showing increased market activity, particularly with heightened interest in the selected plantation and hotel sector stocks.

Singer wins Retail Sector Award at Best Corporate Citizen Sustainability Awards

Singer (Sri Lanka) PLC has once again been recognized for its steadfast dedication to sustainability, earning the Retail Sector Award at the Best Corporate Citizen Sustainability Awards 2024 for the second consecutive year.

NDB Investment Bank wins Euromoney Award for thirteenth consecutive year

NDB Investment Bank (NDBIB) has once again been recognized as the “Best Investment Bank in Sri Lanka” by Euromoney Magazine at the Euromoney Awards for Excellence 2024.

PickMe to expand into alcohol and soft liquor delivery

PickMe will expand its technology to facilitate the delivery of spirits and soft liquor, integrating yet another key component of the economy on its platform.

Orient Finance records strong profit surge and asset growth for 2Q

Orient Finance PLC, for the period ended 30 September achieved a net profit of Rs. 186.39 million, reflecting a 300.67 percent increase compared to the same period last year.

SampathCards set to bring joy to cardholders with exclusive discounts

The season of celebration is here, and SampathCards is set to bring joy to all Sampath Credit and Debit cardholders with exclusive discounts of up to 70 percent across a wide range of categories from 15th November to 31st December 2024.

Synopsys collaborates with Moratuwa campus to build SL’s semiconductor talent

As the semiconductor industry races toward an anticipated US$ 1 trillion in revenue by the end of the decade, the demand for skilled semiconductor engineers has become a global priority.

Earthfoam opens new Liquid Latex Collection Centre

Earthfoam Private Limited, renowned for natural latex-based mattresses, toppers, and pillows, recently inaugurated their new Liquid Latex collection center in Monaragala.

Kishan Nanayakkara featured in  2024 APAC Leading Lights list

Founder, Managing Director of Resus Energy, Kishan Nanayakkara of Sri Lanka was recognized at the 7th annual Asia Pacific ‘50 Leading Lights: Kindness in Leadership campaign’ that was released on the recent World Kindness Day.

BFSI leaders discuss ‘Resilience in the Age of Digital Innovations’

MillenniumIT ESP in partnership with Huawei and Inflow Technologies, recently hosted an exclusive event for key decision-makers from the Banking, Financial Services, and Insurance (BFSI) sector.

Scanwell Logistics Colombo honoured at National Logistics Awards 2024

The Sri Lanka Logistics & Freight Forwarders Association (SLFFA) honoured outstanding achievements in the logistics sector at the NLA Awards 2024, held at Shangri-La Colombo.

SLT-Mobitel introduces range of All-in-One postpaid packages

Presenting a significant leap in mobile communication services, SLT-Mobitel Mobile has introduced the ultimate revolutionary M+ Postpaid Individual packages, which are flexible and feature-rich, catering to the evolving needs of customers.

November remittances at US$ 530mn taking total to US$ 6.0bn

The Sri Lankans working abroad have sent back US$ 530.1 million in November.

November tourism earnings jump to US$ 273 mn on solid winter season arrivals

Tourism earnings in November 2024 recorded US$ 272.9 million, rising sharply from US$ 205.3 million in the same month a year ago and US$ 185.6 million generated in October due to a solid winter arrivals season.

Palm oil industry optimistic on cultivation ban reversal

Sri Lanka’s palm oil industry sounded optimistic on the possibility of having the ban on oil palm cultivation reversed as one of the key focuses of the new government is agriculture and poverty alleviation.

November tea prices dip from last month, maintain YoY gains

The national tea sales average for November 2024 slipped to Rs. 1,137.22 (US$ 3.92) per kilogram, down Rs. 34.93 (US$ 0.10) from October’s average of Rs. 1,172.15 (US$ 4.02), data showed.

Rs.10 bn Aviyana Private Chalet project to contribute US$ 500 mn to tourism earnings

The Rs.10 billion Aviyana Private Chalets , a distinctive ‘7-star’ luxury boutique hotel project aims to generate US$ 500 million in foreign exchange revenue next year with operations set to commence next year.

Fire incident prompts  temporary shutdown of  ‘The Steuart by Citrus’

The Steuart by Citrus, located in Colombo 1, will be temporarily closed following a fire that occurred in one of its upper floors on 5 December.

NCE Export Awards 2024 concludes amidst glamour and glitz

The most prestigious business event celebrating the exceptional performance of Sri Lankan exporters, NCE Export Awards 2024, was held on December 6 at Main Ballroom of Hotel Shangri-La Colombo.

AIA honoured as Wellness Champion at Great Place to Work awards

AIA Insurance has won the Sri Lanka Great Place to Work (GPTW) first-ever workplace wellness award.