Category: Companies
David Pieris Group Launches Northern Entrepreneur Seed Fund
By Jekhan Aruliah I first met Mr David Pieris in 2021. David came for tea at my place in Jaffna on one of his business visits to the North. The David Pieris Motor Company (DPMC) has operated in the North for decades including throughout the Sri Lanka civil war. David told me of his vision […]
CSE Partners with NCDEX to Explore Opportunities in Derivatives & Commodities Trading
The Colombo Stock Exchange (CSE) and the National Commodity and Derivatives Exchange (NCDEX) of India, recently signed a Memorandum of Understanding (MoU) to collaborate and explore the development of derivatives and commodity products in Sri Lanka. This partnership will enhance the product offering and trading instruments at CSE. The collaboration will involve knowledge-sharing initiatives, technological […]
IRD Publishes Procedure for Withholding Tax on Nonresident Payments in Gazette
The Inland Revenue Department (IRD) announced that a notification specifying the procedure for withholding tax on any payment to a nonresident person, under Section 86 (7) of the Inland Revenue Act, No. 24 of 2017, has been published in the official gazette. This notification outlines the detailed steps and requirements for withholding tax on payments […]
VIDEO: Withholding Tax Hike, A System Inefficiency – Tax Experts
In this insightful discussion, tax experts N. R. Gajendran and Suresh Perera analyze how the new reforms will affect the general public and the broader economy. N. R. Gajendran, highlights that while the government has promised to provide relief to individuals who were unfairly taxed, the practical implementation of this promise is fraught with challenges. […]
Sri Lanka Introduces Landmark Food & Beverage Regulations
The Sri Lankan government has announced new restrictions on marketing food and beverages to children, effective January 1, 2025, under the Food (Labelling & Advertising) Regulations 2022. The Ceylon Chamber of Commerce, through its Food & Beverage Steering Committee, was a key partner in shaping these regulations by providing inputs on food science, nutrition, international […]
CDS Launches 011 2356 444 as a Dedicated Hotline
The Central Depository Systems (CDS), a subsidiary of the Colombo Stock Exchange (CSE), is pleased to announce the launch of its dedicated hotline, effective from the first week of January 2025. This new initiative is designed to provide stakeholders, including investors and corporate clients, with direct access to CDS for improved query resolution and support. […]
CBL’s Senehasin Jayamaga, wins best sustainability project award at best corporate citizen awards
Ceylon Biscuits Limited (CBL), the proud owner of flagship brand Munchee and a subsidiary of the CBL Group, awarded the Best Sustainability Project Award for its initiative to develop retailer and distributor partners – Senehasin Jayamaga, at the Best Corporate Citizen Awards 2024, organized by the Ceylon Chamber of Commerce. The accolade highlights CBL’s dedication […]
Opinion: Embracing change, charting a brighter future for Sri Lanka’s plantation industry
By Sunil Poholiyadde, Chairman of the Planters’ Association of Ceylon For 170 years, Sri Lanka’s plantation industry has stood the test of time. Despite continuous upheavals, it has managed to adapt and endure. Over this period, the ownership structure of the industry underwent significant changes—from 124 years of British colonial ownership to the post-independence era […]
CSE announces changes to S&P Sri Lanka 20 index constituents
The Colombo Stock Exchange (CSE) announces the following changes to the S&P Sri Lanka 20 index constituents as part of the 2024 Year-End Rebalance, conducted by S&P Dow Jones Indices. The exclusions and inclusions, as announced by S&P Dow Jones Indices, will take effect from 23rd December 2024, following the market close on 20th December […]
Twinery leads Sri Lankan innovation as it celebrates 100 granted patents
Traditionally recognized in the fields of agriculture and tourism, Sri Lanka has often been overlooked as a hub for technological innovation. Twinery, the innovation arm of global apparel tech leader MAS Holdings, is redefining this narrative as it proudly announces the granting of its 100th utility patent. As a leading innovation powerhouse in Sri Lanka, […]
TISL Unveils Landmark Research on Private Sector Corruption Risks
Transparency International Sri Lanka (TISL) launched its ‘Corruption Risk Mapping Research: A Study on Sri Lanka’s Private Sector’ on December 12 at the BMICH in Colombo. This report presents an in-depth analysis of corruption risks within Sri Lanka’s private sector and explores potential measures to address them. Compiled by an Independent Researcher, this research documents […]
Ceylinco Cancer Centre unveils refurbished interiors
The Ceylinco Cancer Centre at Park Street, Colombo 2 recently completed a major refurbishment to offer a more comfortable and aesthetically-pleasing environment for visitors. The refurbishment encompassed the entrance and reception, visitors’ lounge, the waiting area for radiation treatment and the waiting area for CT Simulator imaging. The first standalone radiation therapy centre in Sri […]