Covering the latest developments in the business world, including mergers and acquisitions, new product launches, executive changes, and company earnings reports.
PGP Glass Ceylon PLC has welcomed Mayura Fernando and Aruni Goonetilleke to its Board as Non-Executive Independent Directors, effective from April 25. Fernando brings a wealth of financial expertise, having held leadership roles in esteemed organizations such as KPMG Ford Rhodes Thornton & Company, Vanik and Forbes Ceylon Group, and Virtusa. His extensive experience in
Kapila Ariyaratne, a seasoned banker with over 38 years of experience, has been appointed as an Independent Non-Executive Director to the Board of RIL Property PLC. Ariyaratne’s extensive career in banking includes leadership roles at various local and international banks, culminating in his tenure as the Director/Chief Executive Officer at Seylan Bank PLC until his
Students engaged with poster drawing competition at faculty premises Amana Bank joined forces with the Environment Committee of the Faculty of Arts at the University of Colombo to observe World Water Day, promoting awareness about water conservation and sustainable practices. As part of the global theme ‘Water for Peace,’ the University organized a poster competition
Ninewells Hospital has unveiled a new collaboration with the Sri Lanka Army, marking a significant milestone in healthcare support for the nation’s war heroes. This partnership introduces a specialized health insurance scheme designed to honor and care for the brave individuals who have defended the country. The Memorandum of Understanding (MoU) between Ninewells Hospital and
Sri Lanka Telecom PLC (SLT) has been honored with the prestigious ‘Best Corporate Citizen Sustainability Award 2023’ in the ‘Other’ category, recognizing its exceptional commitment to sustainable business practices. The award ceremony, organized by the Ceylon Chamber of Commerce, a premier business chamber in Sri Lanka, acknowledged SLT’s dedication to sustainability amidst stiff competition from
Keells Food Products PLC has unveiled its Elephant House range of sausages to the dynamic culinary scene of Australia through a strategic partnership with Millennium Imports Ltd., a prominent importer and distributor of premium food items. This collaboration marks a significant milestone for both Elephant House, a beloved Sri Lankan household brand recognized for its
State Minister of Finance Ranjith Siyambalapitiya emphasized the necessity for a comprehensive policy framework to facilitate the transition of entrepreneurship activities from public to private entities while ensuring effective regulation and tax collection by the government. Addressing concerns raised by MP Lakshman Kiriella in Parliament, Siyambalapitiya highlighted the Government’s objective of transferring entrepreneurship activities to
Power and Energy Minister Kanchana Wijesekera unveiled the highly anticipated ‘Sri Lanka electricity bill’ in Parliament yesterday, marking a significant step towards modernizing the country’s electricity industry. Published in the Government gazette on 17 April, the bill encompasses a wide range of reforms aimed at enhancing efficiency and transparency within the sector. Central to the
Dialog Axiata PLC has been recognized as the most significant Foreign Direct Investment (FDI) contributor by the Board of Investment (BOI), marking a notable achievement in its role towards the country’s economic development. This prestigious accolade, presented during the BOI’s 45th-anniversary celebrations, highlights Dialog’s substantial contributions as Sri Lanka’s largest Foreign Direct Investor, with investments
Port City Colombo, a dynamic Special Economic Zone (SEZ) and emerging regional financial center, is making significant strides in attracting key investments as it prepares to engage prospective investors from South Asia, APAC, and the Middle East by the end of 2024. Focusing on high-value Foreign Direct Investments (FDIs), Port City Colombo has welcomed around