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JKH records continued growth momentum in Q2
Sri Lanka’s John Keells Holdings PLC (JKH) reported continued growth momentum across almost all businesses in the second quarter, a statement showed. The Group revenue in 2Q was up by 20 percent to Rs.76.96 billion with increases across almost all businesses. JKH said the 687-key ‘Cinnamon Life’ hotel, restaurants and banquet facilities commenced operations on […]
Opinion: Foreign Direct Investment Opportunities in Sri Lanka – A Sector-by-Sector Analysis
Introduction Sri Lanka is at a pivotal moment in its economic development journey, with a fresh political climate following recent elections and numerous policy reforms aimed at bolstering foreign direct investment (FDI). The government has unveiled an agenda that actively encourages international partnerships across key sectors, positioning Sri Lanka as a prime investment destination in […]
Opinion: Towards a Corruption-Free Sri Lanka to Save Billions
By Jithendra Antonio In a country where corruption has long infiltrated both public and private sectors, Sri Lanka approaches a critical juncture, where decisions today will echo for generations. Embedding a robust procurement system is more than a policy fix—it’s a seismic shift that could redefine governance and economic growth. This article explores how a […]
‘s Global Competitiveness at Risk: The Economic Cost of Cargo Clearance Delays
Efficient border agency operations are crucial for any economy, especially for island nations like Sri Lanka, where trade significantly contributes to economic growth. Delays in cargo clearance disrupt the flow of goods, increase costs, and undermine the country’s competitiveness in global trade. These delays impose substantial economic costs that adversely affect Sri Lanka’s GDP, leading […]
Ramp Up 2024: WCIC’s fashion show focuses on empowering Sri Lankan designers
The Women’s Chamber of Industry and Commerce (WCIC) proudly announces ‘Ramp Up! 2024’, a significant fundraiser dedicated to empowering Sri Lankan female designers. Scheduled for 12th November at the Hilton Colombo, this event serves as a vital platform for showcasing the rich talents of local fashion designers and elevating their contributions to the industry. Following […]
CBL Munchee achieves BRC AA+ grade and GPEA ‘World Class’ recognition
Ceylon Biscuits Limited (CBL), Sri Lanka’s leading biscuit manufacturer and the proud owner of flagship brand Munchee, announces its remarkable achievement of securing the coveted BRCGS AA+ certification for the second consecutive year. In addition, CBL has been honored with the highly esteemed Global Performance Excellence Award (GPEA) ‘World Class’ status. Commenting on the achievement, […]
Assetline Finance join hands with BlueOrchard in empowering women entrepreneurs
In a groundbreaking development, Assetline Finance Limited, the flagship company in the financial services cluster of the David Pieris Holdings (Private Limited), one of Sri Lanka’s top conglomerates has secured a senior loan from the Japan ASEAN Women Empowerment Fund (JAWEF) managed by BlueOrchard Finance Ltd, a leading global impact investment manager. This loan marks […]
EDB Establishes “Trade Facilitation Task Force” to Enhance Export Efficiency
As a strategic move to develop a mechanism for addressing challenges in the export value chain, the Export Development Board (EDB) has established a Trade Facilitation Task Force. The first meeting was held on October 29 at the Export Development Board. Attendees included Mrs. Champika D. Dharmasena, Director General of the Export Development Board; Mrs. […]
Rashmi Peiris Paranavitane, CFA takes over CFA Society Sri Lanka reins
CFA Society Sri Lanka (CFASSL), part of the global network of CFA Institute member societies leading the investment profession across 160 countries, announced the appointment of Rashmi Peiris Paranavitane, CFA, as its 11th President, following the Annual General Meeting held in Colombo. She succeeds Aruna Perera, CFA. A seasoned finance professional with over 18 years […]
Palali-Achchuveli Main Road Reopens after 3 decades
Following directives from President Anura Kumara Dissanayake, the Palali-Achchuveli main road was reopened today (01) after three decades of closure. The road, initially closed due to the prolonged 30-year civil conflict, remained inaccessible even in the 15 years following the end of the war. Residents of the Northern Province had long called for the road’s […]