Category: Industry
Second Lot of Vehicles for Domestic Market Discharged at HIP
Continuing to strengthen its role as a key automotive shipment hub, Hambantota International Port (HIP), successfully discharged the second batch of vehicles for the domestic market last week. A total of 1,159 vehicles were handled during the ship’s call, including 462 BYD vehicles designated for the Sri Lankan market. The overall operation entailed the discharge […]
Fortude celebrates milestones in leadership development and community impact
Fortude, a global enterprise technology solutions provider, celebrated key milestones achieved under the Guiding Leadership & Outreach (GLO) program, a pioneering leadership development initiative by the Association of HR Professionals (AHRP) and Global Learning Labs. Through a series of transformative learning experiences, Fortude has empowered aspiring leaders while extending its impact beyond corporate boundaries to […]
eChannelling Unveils AI-Powered eHospital and Health Scan at Medicare 2025
eChannelling PLC, Sri Lanka’s pioneering digital healthcare platform, showcased groundbreaking AI-powered health technologies at Medicare 2025, Sri Lanka’s largest healthcare exhibition held from February 28 to March 2, 2025, at BMICH, Colombo. As the Official Digital Healthcare Partner for Medicare 2025, eChannelling unveiled multiple innovations designed to transform healthcare accessibility and monitoring in Sri Lanka, […]
Sri Lanka faced rising threats of financial phishing attacks in 2024: Kaspersky Security Bulletin
Sri Lanka is increasingly vulnerable to cyberattacks targeting businesses’ financial transactions, with 9,218 incidents of financial phishing detected in 2024 alone, according to the latest Kaspersky Security Bulletin. This figure highlights the growing sophistication of cybercriminals who are targeting businesses with deceptive online tactics designed to steal sensitive financial information. Financial phishing attacks, which involve […]
Hapag-Lloyd Senior Delegation Meets with Sri Lanka Ports Authority Leadership
A high-level delegation from Hapag-Lloyd, one of the world’s leading shipping lines, met with the Sri Lanka Port Authority’s Chairman -Admiral Sirimewan Ranasinghe and the Managing Director – Eng. Ganaka Hemachandra on March 4, 2025. SLPA’s Vice Chairman – Eng. Herath M.P. Jayawardhana, Director (Operations) – Mrs. G. Zavia Miskin and Director (Marketing and BD) […]
MAS Holdings to gain greater access to growing Indian market with expansions in Odisha, India
MAS Holdings, South Asia’s largest apparel manufacturer, marked a significant milestone in its global expansion by breaking ground for its first facility in the state of Odisha, India. This strategic initiative builds on MAS’ long-standing presence in India while strengthening its regional production capabilities and giving it a strong foothold to access the fast-growing Indian […]
SLTDA and British High Commission Launch Counter-Terrorism Awareness eLearning Platform
The British High Commission and the Sri Lanka Tourism Development Authority (SLTDA) introduced a Counter-Terrorism Awareness eLearning Platform aimed at enhancing security awareness and resilience within Sri Lanka’s tourism industry. Modelled after the UK’s successful Action Counters Terrorism (ACT) initiative, this online course equips tourism professionals with the skills to identify and address potential threats, […]
Capital Trust Properties (Pvt) Ltd. joins Leading Real Estate Companies of the World®
Capital Trust Properties (CTP), recognized as the largest property transaction company in Sri Lanka and a one-stop shop for all real estate services from A to Z, announced its membership in Leading Real Estate Companies of the World® (LeadingRE), the premier global network of independent residential real estate brokerages. This landmark partnership reinforces CTP’s commitment […]
Ceylinco Life retains No 1 spot in life insurance with premium income of Rs 37.14 bn. in 2024
Total income tops Rs 65.54 billion, with investment income of Rs 28.4 billion Total assets cross Rs 250 billion milestone Pays Rs 25 billion in net claims and benefits to policyholders Life Fund grows by 14.8% to Rs 180.9 billion CAR improves to 448%, 3.7 times the minimum requirement of 120% Ceylinco Life has emphatically […]
Serendib Frontier Capital Raises Rs. 475 Mn in Tier II Subordinated Debt for MBSL
Serendib Frontier Capital has successfully structured and placed Rs. 475 million in Tier II qualifying subordinated debt for Merchant Bank of Sri Lanka & Finance PLC (MBSL), providing MBSL with additional capital to support its growth and regulatory requirements. Serendib Frontier Capital managed the structuring and placement of the debt instrument, leveraging its expertise in […]
TRI-ZEN by John Keells Properties Celebrates Completion as Largest Residential Development in Heart of Colombo
John Keells Properties and Indra Traders hosted an event on the 28th of February 2025 to mark the successful completion of TRI-ZEN, the largest residential development in the heart of Colombo. Situated in Union Place, Colombo 2, TRI-ZEN is an 897-unit apartment complex designed to redefine urban living by seamlessly blending technology, accessibility, and contemporary […]
ComBank posts stellar results in 2024 after absorbing a SLISB restructure loss of Rs 45 bn
Net reversal of Rs 62 Bn. in impairment provisions compensates for loss from sovereign bonds restructuring Further accelerates lending with loan book growth of Rs 230 Bn., with approximately half of growth coming in Q4 Net interest income up 36.71% to Rs 118 Bn. Total taxes triple to Rs 62 Bn. PBT of […]