Tag: lbo
“Pulle Madu” to medical school: record intake signals turning point for plantation sector welfare
Many generations ago, an estate child’s first years began in a cloth hammock strung up near the rows of tea bushes, so a mother could keep working within earshot of her infant. Later a corner in a line room was converted to establish Pulle Madu, where infants and toddlers were sheltered to ensure that plucking […]
Build buffers before the storm, Central Bank Governor tells reserve managers
Sri Lanka’s Central Bank Governor Dr. Nandalal Weerasinghe used the inaugural Reserve Management Conference in Colombo on 10 September to deliver a pointed message to central bankers from across Asia and beyond: the world reserve managers once knew no longer exists, and the old playbook needs rewriting. Addressing delegates at the opening of the two-day […]
Vipul Misra appointed as acting CEO of SriLankan Airlines
Vipul Misra has been appointed Acting Chief Executive Officer (CEO) of SriLankan Airlines, with effect from today (9 September). Bringing over two decades of aircraft engineering and aviation leadership experience, Misra’s background spans across significantly large commercial carriers including Air India, Vistara, Indigo, SpiceJet, Kingfisher Airlines, and Air Deccan. His comprehensive expertise across legacy, full-service, […]
Dr. Nandalal Weerasinghe to keynote Planters’ Association AGM
Governor of the Central Bank Sri Lanka, Dr. Nandalal Weerasinghe, will grace the 172nd Annual General Meeting of the Planters’ Association of Ceylon (PAC) as its Chief Guest. The AGM on Saturday, 19th September will bring together Regional Plantation Companies (RPCs), industry leaders and key stakeholders, to review the sector’s performance and shape strategies for […]
Singer partners with Mintpay to make every upgrade more flexible and rewarding
Singer, one of Sri Lanka’s largest and most trusted consumer durables retailers, has partnered with Mintpay, Sri Lanka’s premier payments platform, to give customers a more flexible and rewarding way to pay across its network. With this collaboration, Singer customers can now split the cost into three interest-free instalments with Pay Later or pay upfront […]
Japan envoy urges Sri Lanka to look East, warns against missing Japan FDI opportunity again
Sri Lanka should adopt an export-oriented industrial model and look towards Southeast Asia and Japan for economic partnership, Japan’s Ambassador to Sri Lanka Akio Isomata said, addressing the 47th AGM of the Sri Lanka – Japan Business Council (SLJBC) of the Ceylon Chamber of Commerce. Isomata, who is also Patron of the Council, outlined three […]
Vietjet’s three-day 9.9 sale offers fares from USD90 on flights to Vietnam
Vietjet is giving Sri Lankan travellers another reason to plan their next trip, with a three-day 9.9 sale featuring Eco tickets from USD90 one-way (inclusive of taxes and fees) and 22% off Deluxe base fares on its newly-launched Colombo–Ho Chi Minh City route. The sale runs from 22:30 on 7 September to 21:30 on 10 […]
Sri Lanka International Insurance Summit 2026 advances regional dialogue on resilience, inclusion and insurance innovation
The Sri Lanka International Insurance Summit 2026 concluded in Colombo following three days of high-level discussions focused on strengthening the role of insurance in building economic confidence, protecting communities and supporting sustainable growth amid an increasingly complex global risk environment. Organised by the Insurance Association of Sri Lanka, the second edition of SLIIS was held […]
Adaptive resilience: Malwatte Valley harnesses tech and innovation to redefine plantation productivity
Since inception the plantation industry has served as a central pillar of the Sri Lankan economy. Tea in particular has been the lynchpin of the industry. Especially for globally renowned Regional Plantation Companies (RPCs) like Malwatte Valley Plantations PLC, whose teas are possessed of a globally unique terroir that emerges from the soil, elevation and […]
JAAF and ILO Better Work Programme lead apparel sector’s push for disability inclusion with “Inclusive Threads” pledge
Thirteen apparel companies recently signed a voluntary pledge in Colombo committing to advance disability inclusion in the workplace, marking a milestone for Inclusive Threads of Better Work Sri Lanka, a joint initiative of the International Labour Organization (ILO), the International Finance Corporation (IFC), and, supported by the Australian Government’s Department of Foreign Affairs and Trade. […]
Facebook still rules Sri Lanka’s social media, but TikTok is closing in
Facebook remains the most used social media platform among Sri Lankan internet users, holding an 81% share according to the newly released Digital Outlook Sri Lanka 2026 report. YouTube follows at 72%, while TikTok has climbed to 48%, up 6 percentage points from last year. Instagram rounds out the top four at 42%. The bigger […]
Sri Lanka’s inflation climbs to 7.3% in July, highest since early 2025
Sri Lanka’s headline inflation picked up pace in July, with the Colombo Consumer Price Index (CCPI) rising to 7.3% year-on-year, up from 6.8% in June, according to Central Bank data released this week. The uptick was driven largely by a jump in housing rents, which pushed non-food inflation contributions higher for the month, along with […]