Oceanpick sustainable seafood farms were recently visited by YB Datuk Seri Mohamad bin Sabu, Minister of Agriculture and Food Security, Badli Hisham Adam, High Commissioner for Malaysia and other officials from the Malaysian High Commission along wi

Unilever Sri Lanka and the Industrial Development Board (IDB) signed a three-year memorandum of understanding recently to uplift SMEs in Sri Lanka. This is a public private partnership between Unilever and the IDB to jointly support the growth and d

NEO Security has already made a niche in the domestic security industry in Sri Lanka with a new concept that professes a unique boutique-style security establishment. The company celebrated its fifth anniversary with by shifting to a new state-of-th

President Ranil Wickremesinghe yesterday hinted at a possible gradual resumption of private vehicle imports starting next year.

The Ceylon Chamber of Commerce (CCC) yesterday expressed “deep concerns” about the government’s move to suspend parate execution, and called for a collaborative solution to address this growing issue.

The Treasury’s tax expenditure statement revealed that the government has foregone over Rs. 23 billion in corporate tax revenue in 2022 due to concessions granted to Board of Investment (BOI) approved companies.

Despite high ownership of debit cards and mobile penetration, Sri Lankans are still reluctant to embrace non-cash transactions, industry experts said, which indicate that more work remains to be done to build confidence in this space.

Suzuki Motor Corporation Japan has announced a safety recall related to the fuel system of the Japanese Suzuki Wagon R model range.

For the ninth consecutive year, IFC partnered with the Colombo Stock Exchange (CSE) and global partners to ‘Ring the Bell for Gen

SriLankan Airlines and Korean Air have officially activated a new codeshare partnership effective March 15, 2024, presenting enhanced travel options and connections for customers of both airlines travelling between Colombo and Seoul.

CEAT Kelani Holdings has opened its third company-invested dealer operated (CIDO) outlet in Sri Lanka in Mirihana, pro

The capital market regulator, the Securities and Exchange Commission of Sri Lanka (SEC), has appointed two experienced and talented professionals to head its HR function and drive the institution’s organisation transformation

Groovy Graphics and Signs, a company owned by Sri Lankan entrepreneur Lalantha De Silva, was selected as a finalist for the prestigious Australian Small Business Champion Awards 2024, in the Retail Sole Operator category, at a cerem

The struggling construction sector, which showed signs of increased activity last month, will have an expert committee to investigate and propose solutions for the issues faced due to economic conditions. According to a stat

At a time where repeated global calls are made towards women’s inclusivity for economic success, First Lady Prof. Maithree Wickremesinghe called for women economic empowerment, highlighting its pivotal role in driving inclusive growth and prosperit

The loan defaulters, who were recently successful in putting the parate rights on hold, yesterday made a fresh appeal to the authorities, urging them to extend the suspension for three years.

Sri Lanka is currently experiencing a severe decline in clove production, Mirror Business learns. The experts attribute the downfall to the heavy rainfall towards the end of August last year, causing premature shedding of the clove buds. Consequently

The consumer confidence in Sri Lanka saw a slight improvement in February. According to the Institute for Health Policy (IHP), this is driven by a recovery of the public expectations of the country’s situation in the next 12 months, coupled with th

In a groundbreaking initiative, Hutch recently declared the coverage of 95 percent of schools in rural provincial areas and 95 percent of the country’s population. To positively impact children and the education sector, Hutch has taken a step forwa

Dialog Axiata PLC and the Sri Lanka Institute of Marketing (SLIM) have announced the launch of SLIM Dialog Brand Week 2024, a three-day symposium focused on the theme ‘What is Yet to Come’ in the context of brands, commerce and emerging technolog

Enterprise Analytics (EA) was recently recognized as the IFS Services Partner of the Year 2023 at the IFS Partner of the Year Awards. This is the second consecutive year EA has been recognized as the IFS Services Partner of the Year. The event, whic

Cleantech (Pvt) Ltd recently announced their partnership with CodeGen International for the responsible disposal of electronic waste (e-waste) for Vega Innovations, Codegen, Elektrateq, and Voltmotive. It reinforces Cleantech’s commitment to offe

This is an open letter to the Chairman Bokuto Yamauchi and Chief Executive Officer Hanif Yusoof of Expolanka Holdings Pte Ltd., on delisting of shares. The company Expolanka Holdings Pte Ltd made an announcement on 1st March 2024 of the board’s dec

The Commercial Bank of Ceylon has opened its first ‘DigiZone’ at the bank’s Wellawatte branch. The DigiZone is intended to be a familiarization centre for customers to get acquainted with digital banking and get hands-on experience with the hel

AICPA & CIMA, together as the Association of International Certified Professional Accountants, revealed the names of the most attractive companies for accounting and finance professionals in Sri Lanka in their 2024 Top Employers list. AICPA & CIMA’

People’s Bank, in collaboration with the International Finance Corporation (IFC), is working towards strengthening the financial awareness and financial literacy of the micro, small and medium-sized enterprises (MSMEs) and women entrepreneurs by co

Sri Lanka’s business conditions improved to the highest levels in the fourth quarter of last year, since the first quarter of 2022, according to the Central Bank’s (CB) Business Outlook Survey for 4Q 2023. However, the index remained below 100, a

CNN: Adidas has slumped to a rare annual loss, hit by the fallout from its costly break-up with rapper Ye, falling sales in North America and a huge tax bill. The German sportswear giant posted a net loss of 58 million euros (US $ 63 million) in its

The Cabinet nod has been granted to award the contract to commission a 100MW solar power plant in Oddamawadi, Batticaloa, on a build, own and operate basis (BOO), to Solar Forge Batticaloa. Power and Energy Minister Kanchana Wijesekera this week soug

Top professional Kavan Ratnayake has been appointed as Chairman of the state-run Bank of Ceylon (BOC), the bank announced yesterday. In a filing to the Colombo Stock Exchange, BOC said the new chairman would take over his duties with effect from toda