Samsung Sri Lanka proudly asserts its victory as the Category Winner in the esteemed Home Electronics category at the LMD Readers Most Loved Brands Awards 2024. This notable accomplishment marks yet another consecutive win for Samsung, firmly establishing its dominance in the industry with its state-of-the-art line of TVs, washing machines and refrigerators. This esteemed accolade reflects the trust and confidence that consumers place in the Samsung brand, as ascertained by LMD, further solidify

In a bid to harness the potential of Sri Lankas IT/BPM talent and explore the vast opportunities the country has to offer, SLASSCOM recently conducted an orientation program for newly appointed Sri Lankan Ambassadors and High Commissioners designated for overseas missions. Organized by the Ministry of Foreign Affairs, the session aimed to equip the diplomats with insights into the countrys tech prowess and its potential to attract foreign investments while facilitating market access for local co

Elevating the user experience of Social Media enthusiasts across Sri Lanka, SLT-MOBITEL has introduced a first of its kind Snapchat Chill Social Combo Mobile Plan, specifically designed to empower the social media lovers to stay connected and share their moments by providing essential data and communication services. The Social Combo Mobile plan offers a range of benefits, including a dedicated social media bundle with options for 1 Day, 7 Day, or 30 Day versions based on user preference and con

Elevating Customer Convenience and Accessibility New Heights HNB General Insurance has recently launched their dedicated hotline 1303 , unleashing their latest initiative for enhanced customer experience. The new hotline 1303 is set to be a game changer for both the company and for customers alike by elevating convenience and accessibility to new heights. HNB General Insurance has long been committed to delivering exceptional service and care to its customers across Sri Lanka. And the significan

There has been widespread media coverage followingan announcement published in Gazette No. 2382/04 on the 30 th of April about proposed wage increases for Tea Growing and Manufacturing Trade, and Rubber & Raw Rubber Manufacturing Trade, and subsequent remarks made by the President in a speechhe delivered on the 1 st of May at Kotagala to commemorate Labour Day, which will be applicable for the Regional Plantation Company workers too. The Planters Association of Sri Lanka and its members are conc

Sustaining Growth Bridging Horizons The Ceylon Chamber of Commerce proudly announces its appointment as the Chair of the Indian Ocean Rim Business Forum (IORBF) for 2023 2025. In line with this prestigious appointment, the Ceylon Chamber in collaboration with the Ministry of Foreign Affairs Sri Lanka will organise the Indian Ocean Rim Association Business Conclave (IORA Business Conclave) from May 28th to 29th, 2024, at the Shangri-La Colombo. Themed Sustaining Growth Bridging Horizons, the C

Earnings from merchandise exports increased by 9.8 per cent to US dollars 1,139 million in March 2024 compared to US dollars 1,037 million in March 2023. There was an increase in earnings across all major categories of exports, where industrial exports increased the most. The increase in industrial goods exports in March 2024 (year-on-year) was mainly contributed by petroleum products due to the increase in volumes of bunkering and aviation fuel exports, while textiles and garments exports also

Hayleys Solar the renewable energy arm of Hayleys Fentons, has successfully completed an impressive 2.3MW capacity solar power installation for Texlan Centre Pvt Ltd, a leading hosiery manufacturer and exporter in the country. The grid-tied rooftop solar power system constructed on the rooftop of Texlans manufacturing facility in Minuwangoda has a capacity of 2,343kWp. This corresponds to a planned 63,539,152kWh of clean energy generated over a 20-year span. This will cover an estimated 32% of T

Act CEO MR.Nirosha Madawala welcome new Directors of Mr. Udaya Ranjith Seneviratne,Mrs. Luckshmi Meneka Minu Jayawickrema, Mr. Nanayakkara wasam paliyage Maurapada Gunawansha and the Mrs. Arunodani Wickremasinghe from the present board. Welcome followed by chanting of Seth Pirith to invoke blessing on the new board of Director and the staff. Taking over office to place at an auspicious time. The welcome speech was made by Act CEO MR.Nirosha Madawala followed by a speech made by Mr. Udaya Senevir

SLASSCOM, the chamber for the Information Technology (IT) and Business Process Management (BPM) industry in Sri Lanka, recently collaborated with the CFA Society of Sri Lanka in a noteworthy initiative aimed at enhancing financial literacy and wellbeing among the populace. This collaborative effort resulted in the successful organization of two insightful webinars, each focusing on the crucial aspect of financial management. The first webinar, conducted in English by the late Mr. Ravi Abeysuirya

Google and Searce partnered with PickMe to host Sri Lankas first ever Generative AI Hackathon in the transport technology space. The company-wide Hackathon was held over 2 days and extended beyond PickMes engineering team to include staffers from different disciplines. Hackathon, is a combination of the words hacker, a name given to a smart programmer, and marathon, an event known for endurance. Another name for a hackathon is codefest, a social coding event that brings computer programmers and

Expolanka Holdings announced its financial results for the fourth quarter and full year ended March 31, 2024, demonstrating resilience in the face of a volatile macro environment, sustained by its agility and strategic focus. For the quarter ended March 2024, the company reported Revenue of Rs. 66.0 billion, Gross Profit of Rs. 12.8 billion, and a Net Loss of Rs. 5.3 billion. For the twelve months that ended on 31, March 2024, the group reported Revenue of Rs. 249.9 billion, Gross Profit of Rs.

To enhance operational efficiency, the Sri Lanka Ports Authority has started installing ship-to-shore (STS) gantry cranes on the fifth phase of the Jaya Container Terminal (JCT). These cranes were temporarily installed and used for operations at the East Container Terminal from 2020 until the completion of Phase V works at the JCT. Commenting on the project, J. A. Chandraratne, Additional Managing Director (Technical) of the Sri Lank Ports Authority, highlighted the positive impact on the Jaya C

Deepal Sooriyaarachchi, the well-known Sri Lankan business professional, Accredited Master Coach and Mentor will be among the twenty internation speakers who will deliver a series of Master Classes during the International Coaching Week organized by the International Authority for Professional Coaching and Mentoring (IAPC&M) from 13th- 17th May 2024 and anyone can join using the link https://coach-accreditation.services/icw-event/ Free of Charge. This will be delivered via Zoom. According to the

Profit before Tax LKR 3,704 Mn up by 30% Profit after Tax LKR 2,295 Mn up by 21% Overall Statutory Liquid Assets Ratio (SLAR) of 42% Total Capital Adequacy Ratio of 84% Seylan Bank recorded a Profit before Tax (PBT) of LKR 3,704 Mn in Q1 2024, against LKR 1,721 Mn in Q1 2023 demonstrating a significant growth of 115%. For the 3 months ended 31 st March 2024, Seylan Bank recorded a Profit after Tax of LKR 2,295 Mn, a remarkable growth of 102% against LKR 1,135 Mn recorded in the corresponding p

Partnership marks airlines first disbursement from its USD $200 million Sustainability Fund Emirates to access AIAs proprietary interactive data visualisation tools Airline will actively collaborate with the AIA team based at The University of Cambridges Whittle Laboratory and Institute for Sustainability Leadership (CISL) on projects Emirates has become an industrial partner of the Aviation Impact Accelerator (AIA), based at the University of Cambridge. The new partnership marks Emirates first

The Under Secretary for Trade and Foreign Agricultural Affairs at the U.S. Department of Agriculture (USDA), Alexis Taylor, recently visited New Anthoneys Farms at Hanwella. As one of the leading poultry producers in Sri Lanka, the visit underscores New Anthoneys commitment towards sustainable practices and its growing ties with U.S. This marks a significant moment for New Anthoneys as they were able to showcase their state-of-the-art facility which embraces sustainably responsible processes in

The Sri Lanka Climate Summit 2024, organised by The Ceylon Chamber of Commerce will be inaugurated by President Ranil Wickremesinghe, under the theme Code Red: Climate Risks and Opportunities for Sri Lankan Businesses, on 7 th May at the Shangri-La Hotel, Colombo. As the imperative to address climate change grows increasingly urgent against a backdrop of rising temperatures and increasingly erratic weather patterns, climate change has evolved into a pressing global issue demanding urgent attenti

Article By Nilanga Abeysinghe Asiri Hospital Galle proudly announces the inauguration of its Dialysis Center, marking a significant milestone in healthcare accessibility within the Southern cluster. With a steadfast commitment to delivering exceptional medical services, Asiri Hospital Galle introduces the regions most affordable dialysis facility, poised to redefine standards in patient care. The newly launched Dialysis Center at Asiri Hospital Galle stands as a beacon of hope for individuals ba

The Gratiaen Trust, in partnership with John Keells Foundation and with the support of British Council as its event partner, announced the shortlist for the 31st Gratiaen Prize, on April 29, 2024, at the British Council Library in Colombo. This prestigious annual award founded by Michael Ondaatje celebrates exceptional English creative writing by Sri Lankan authors. This year, of the eight longlisted writers, five have been short-listed for the next stage of the competition, these include in alp

Sri Lankaslargestprivate sectorretailbank, Hatton National Bank PLCappointedSanjay Wijemanne asthe banksnew Chief Operating Officer(COO)with effect from26 th April 2024, subject to relevant regulatory clearances. A banking industry veteran with more than 29 years of experience, including more than 14 years of corporate management exposure, Wijemanne previously served as HNBs Deputy General Manager Retail Banking Group, and brings with him a wealth of technical industry expertise, and deep insig

Melco Resorts & Entertainment Limited (Melco) is pleased to announce its partnership with John Keells Holdings PLC (John Keells), the largest listed conglomerate on the Colombo Stock Exchange, in their US$1 billion plus integrated resort development in central Colombo. As part of the partnership, the integrated resort, which had previously been branded Cinnamon Life Integrated Resort, will be rebranded as City of Dreams Sri Lanka. City of Dreams Sri Lanka will be the first integrated resort in S

The Financial Stability Board (FSB) Regional Consultative Group for Asia (RCG Asia) met on 29 April 2024 in Colombo1. The discussions were centered around recent financial market developments and vulnerabilities that warranted closer monitoring. Accordingly, the group discussed ways to promote the implementation of FSB regulatory framework for crypto-asset activities across the region and recent developments in artificial intelligence, its growing use in the financial sector, and implications fo

Southern MICE Expo 2024 was officially launched at the press conference on the 29 th of April 2024. The event is scheduled to take place form the 27 th to the 31 st of May 2024. Southern MICE Expo 2024 is organized by the Sri Lanka Convention Bureau (SLCB) with acknowledgement from the Ministry of Tourism and Lands, positioning Sri Lankas southern region as the primer destination for Meetings, Incentives, Conferences, Exhibitions and Events (MICE). The event purposes to elevate the regions appea

Dr. Gayashika Fernando serves as a Senior Lecturer in the Mechanical Engineering Department in the Faculty of Engineering in SLIIT. As the first-ever PhD to be produced by SLIITs Faculty of Engineering, she exemplifies determination, resilience, and a fervent commitment to advancing scientific knowledge through her remarkable journey. Dr. Fernando obtained her B.Sc. (Hons), in Production Engineering from the University of Peradeniya, and MEng in Manufacturing System Engineering from the Universi

First Capital, the pioneering investment institution in Sri Lanka, proudly announces its support for Sri Lanka Rugby as their Performance Partner in the Asia Rugby Division 1 Tournament. This partnership marks the first time First Capital has aligned with a national team, signalling a significant milestone in their commitment to supporting and empowering sports in Sri Lanka. Sri Lanka presents a strong and experienced 30-member team, featuring standout players from CR & FC, Havelock SC, Police S

Business confidence strengthens for a second month but the horizon remains overcast Sri Lanka faces a tight deadline to finalise agreements with creditors including bondholders to coincide with the anticipated disbursement of the third tranche of the IMFs Extended Fund Facility (EFF). The next instalment of US$ 337 million is scheduled for June, following the third review of the programme. Against this backdrop, a recent World Bank report on Sri Lanka notes that poverty has surged over the past

Lanka Exhibition and Conference Services (LECS) is proud to announce the return of Sri Lankas most focused construction, interior products, lighting, power and energy exhibition Construction Power and Energy Expo 2024. Scheduled to take place from 5-7 July 2024 at the BMICH, Colombo, Sri Lanka. The Construction Power & Energy Expo is Sri Lankas premier exhibition in the construction, interior products, power, and energy-related sectors. With its eighth successive year, the expo provides a compr

The Sri Lanka Tourism Promotion Bureau jointly collaborated with the Sri Lanka Convention Bureau recently, participating in the prestigious Exotic Wedding Planners Conference (EWPC) 2024, alongside key industry participants. This marked the first-ever presence of Sri Lanka at this renowned event, showcasing the countrys potential as a premier destination for weddings and events. The EWPC series is renowned for promoting networking, education, and business opportunities within the global wedding

First Capital Holdings PLC, a member of the Janashakthi Group, announces the appointment of Kuda Banda Herath as an Independent Non-Executive Director to the Companys Board of Directors, effective from 29 th April 2024. Kuda Herath holds a bachelors degree in applied chemistry from the University of Kingston, London. He currently serves as an independent non-executive director of Central Finance Company PLC since February 16th, 2019. With a career spanning over 28 years in the fast-moving consum

Eco Balm, an Ayurvedic product manufactured by Eco Ceylon Global Pvt. Ltd., has been recognised as the Most Popular Pain Relief Balm of the Year at the Golden Inmediens Awards 2023. The award was received by Eco Ceylon Globals Founder and Managing Director, Yamuna Kaliyadasa. Designed to alleviate back pain, muscular aches, dizziness, colds, sprains, cramps, tension headaches, rheumatism, sneezing, and insect bites, Eco Balm comes in two variations: Eco Balm White (Mild) and Eco Balm Red (Strong

In a groundbreaking move to transform the way people get connected, HUTCH has unveiled its nationwide #GetHUTCHed QR Codes, showcasing unparalleled ingenuity and forward thinking in the digital era. The game-changing initiative allows Sri Lankans to effortlessly join the HUTCH network by simply scanning a QR code. Taking convenience to new heights, these QR codes have been strategically placed in key locations that are now propping up streets to bustling rail stations across the country. The bri

Ambassador of Sri Lanka to Indonesia and ASEAN, Admiral Prof. Jayanath Colombage, presented Sri Lankas trade and investment potential at the International Business Solution Expo (IBSE 2024) in Yogyakarta, Indonesia with the theme Sri Lanka: Land of Opportunities. The event, held from 22-24 April 2024 was organized by the Junior Chamber International (JCI) Indonesia and attracted young entrepreneurs from many countries including Indonesia, Singapore, Thailand, Malaysia, Timor Leste, Russia, Vietn

Sri Lankas fastest growing primary healthcare provider Medihelp Hospitals, in collaboration with Mount Elizabeth Singapore and IHH Patient Assistant Centre Sri Lanka Office, proudly hosted a comprehensive lifestyle seminar aimed at educating the public on the prevention and prediction of prostate cancer. The event took place at the newly inaugurated Medihelp Wellness Center, the 18 th branch of Medihelp Hospitals chain at Lipton Circus. The seminar, centred on the critical theme of combating pro

Sri Lanka Insurance Corporation General Limited (SLICGL) hosted a comprehensive CAR (Construction All Risks) insurance Awareness Session at Courtyard by Marriott Colombo recently to educate stakeholders from the construction sector and the Road Development Authority (RDA) on the crucial role of CAR insurance in mitigating risks inherent to construction projects. The session covered various facets of CAR insurance, including its scope of coverage, benefits, risk assessment, policy features, claim

The Little Minds Strong Values (LMSV), Rotary Honda Purudu Championship Season 03 finals were held last Sunday, April 29th, 2024 at Galadari Hotel and broadcast on Facebook live. Over 4000 children from around the country participated in the competition and 125 children participated in the finals. This project was initiated by the Rotary Club of Colombo Metropolitan and over the past six years expanded as a project that has been adopted by all clubs across the Rotary 3220 District. Rotary believ

SLT-MOBITEL empowered SLIoT Challenge 2023 culminated with a grand finale, held recently at the University of Moratuwa. The SLIoT Challenge 2023 was organised in collaboration with the Department of Computer Science and Engineering, University of Moratuwa, and the Information Technology and Communications Engineering Sectional Committee, Institution of Engineers Sri Lanka. The competition highlighted SLT-MOBITELs pivotal role in empowering and nurturing talent in the field of IoT, promoting a cu

Celebrating a decade of fruitful collaboration, Singer, the exclusive distributor for Sony Electronics in Sri Lanka , was honoured as a Strategic Alliance Partner at Sonys recently held Annual Business Partner Conference (BPC) in Singapore. This recognition underscored the robust partnership between the two entities and highlights Singers dedication to bringing cutting-edge Sony technology to Sri Lankan consumers. Mahesh Wijewardene, Group CEO of Singer Sri Lanka PLC, who accepted the award at t

Hemas Consumer Brands demonstrated healthy growth in FY2023/24 amidst challenging economic conditions, while unfailingly fulfilling its social responsibilities across its product categories. As a leader in Sri Lankas Home and Personal Care sector for over 60 years, its focus on empowering families to live a better tomorrow, by providing innovative solutions , has helped establish its purpose-led brands as trusted household names in Sri Lanka. At HCB each brand goes through the journey of how it

Sri Lankas pioneer in vehicle emission testing services, LAUGFS Eco Sri Limited, recently engaged in an uplifting program to help restore vision for cataract patients in vulnerable communities. A subsidiary of the LAUGFS Group, the company is deeply committed to social responsibility and environmental stewardship. Accordingly, in an effort to support cataract patients in difficult circumstances, the management and staff of LAUGFS Eco Sri came together to donate intraocular lenses to several dese

Janashakthi Group (JXG), the title sponsor of the Battle of the Golden Blues, proudly announces the conclusion of the first-ever big match between St. Joseph Vaz College, Wennappuwa and St. Anthonys College, Wattala. Held on April 26th and 27th 2024 at the P. Saravanamuttu International Cricket Stadium, the match concluded with a gripping draw, showcasing the talent and sportsmanship of the participating teams. Despite this being the inaugural big match, both schools have a rich legacy of nurtur

Uma- Oya multipurpose project commenced paying back. Political sources note JVP leader AKD being a pioneer to propose development with waters of Uma Oya but when Mahinda walked the talk with the Iranians, those who only talk werent happy (ref media). Since SL wasnt a democracy even under the British, implementing projects for the good of the masses may have been faster till 1948. Leaving no space for negative minds in the absence of Democracy may have been an effective factor? Parakrama Samudray

Swisstek Aluminium has been recognized for its exemplary management practices, receiving the Merit Award for the third consecutive year at the Best Management Practices Company Awards 2024. Hosted annually by CPM Sri Lanka, these awards honour organizations both public and private that exhibit exceptional leadership, growth, and success through their management strategies and practices. In the Construction Sector category, Swisstek Aluminiums clinching of the Merit Award underscores its dedicati

In anticipation of the upcoming industry exhibition, the International Industry Expo 2024, excitement is building as less than two months are left until the exciting event unfolds. Recognized as the largest South Asian industry exhibition of the year covering a wide range of industries, International Industry Expo 2024 is poised to bring together diverse participants from all over the country under one roof at the Bandaranaike Memorial International Conference Hall (BMICH) from 19th to 23rd June

President Ranil Wickremesinghe reiterated the governments commitment to maximizing the contribution of agriculture to the countrys economic advancement. He highlighted the implementation of programs aimed at popularizing cinnamon cultivation, a significant export crop in the countrys history, as part of the agricultural modernization initiative. President Ranil Wickremesinghe made these remarks while attending the Dilmah Cinnamon launching ceremony held yesterday (28) at the Galle Face Hotel in

Reuters HSBC Chief Executive Noel Quinn will retire, it said on Tuesday, in a surprise departure from the bank that he has overhauled in the past five years through a sweeping series of asset sales across the globe. The bank said has already launched a formal process to find a successor. Chief Financial Officer Georges Elhedery, appointed to the No. 2 role last January after a sabbatical before which he headed the banks markets business, is likely the leading internal candidate for the job. The

State Minister of Tourism Diana Gamage revealed plans to designate 49 additional tourist destinations as official tourist zones. These locations will be published in a gazette within a month as part of the on-going efforts to boost tourism. During a press conference held today (29) at the Presidential Media Centre (PMC) under the theme Collective Path to a Stable Country, State Minister for Tourism Diana Gamage, announced plans to establish a dedicated committee tasked with preventing and monito

Applied Graphite Technologies Corporation (TSXV: AGT) (OTCQB: AGRTF) is pleased to announce that it has successfully completed the cross-listing of its common shares to the OTCQB Venture Market ( OTCQB ). AGTs common shares are now trading on the OTCQB under the ticker symbol AGRTF. Investors can find real-time quotes and market information for AGRTF on www.otcmarkets.com . Applied Graphite Technologies continues to trade on the TSX Venture Exchange under the ticker symbol AGT. Don Baxter , CEO

Weve seen it through the blooms gracing our streets lately spring is officially upon us! And when it comes to flowers, nothing compares to the quintessential English Rose. Make way for The Body Shop s iconic British Rose collection: the brands elegant, floral-scented bath and body care range infused with rose petals, rose essence, and rosehip oil, while also enriched with Community Fair Trade aloe vera from Mexico. A long-standing favourite (just like its long-lasting fragrance), this collectio

In a significant move towards attracting export-oriented businesses to Port City Colombo, CHEC Port City Colombo (Pvt) Ltd recently entered into a partnership with the Sri Lanka Export Development Board (EDB). A memorandum of understanding (MoU) was signed between the two parties to this effect at a special ceremony held on the 26 th of April 2024 at the Port City Colombo Sales Gallery. Singing on behalf of the EDB was its Chairman, Dr Kingsley Bernard, while Managing Director of CHEC Port City