Examining specific industries such as technology, healthcare, finance, and manufacturing, including trends, challenges, and opportunities within each sector.
The SLT-Mobitel Nebula Institute of Technology has been recognized as the 10th IET On Campus Chapter through a partnership with the Institute of Engineering Technology (IET). This collaboration ensures that the Nebula Institute can support its engineering and technology undergraduates throughout all stages of their education and career on a global scale. Additionally, it provides
The government is set to implement the Rs. 1,700 daily wage for plantation workers by issuing a fresh gazette within the first two weeks of August, pending necessary approvals from the respective wages boards. On July 10, the initial gazette notification mandating plantation companies to pay the Rs. 1,700 daily wage, a 70% increase from
Top blue-chip company John Keells Holdings Plc (JKH) reported an EBITDA of Rs. 7.7 billion for the first quarter of FY25, marking a 13% decrease from the previous year. The bottom line, however, showed a net loss of Rs. 868 million. The Group’s EBITDA included significant pre-opening costs related to the ramp-up for the opening
Ceylon Cold Stores PLC, a subsidiary of John Keells Holdings, has showcased robust financial performance for the April-June quarter of fiscal year 2025, signaling a resurgence in consumer spending. The company achieved a top line of Rs. 38.1 billion, marking a 10% increase from the same period in 2023. Operating profits surged by 69% to
The Commercial Bank of Ceylon has become the first bank in Sri Lanka to join the Partnership for Carbon Accounting Financials (PCAF), a global initiative designed to help financial institutions measure and disclose the greenhouse gas (GHG) emissions linked to their financial activities. Certified as 100% carbon neutral in its operations, the bank’s new engagement
WEBXPAY has announced the appointment of Thilak Piyadigama as its new Executive Chairman, marking a significant step forward in enhancing digital payment solutions in Sri Lanka. With over 30 years of expertise in banking and technology, Piyadigama brings a wealth of experience to his new role. Piyadigama is set to lead WEBXPAY into an era
ALFT Packaging, a leader in the flexible packaging sector, made a notable impact at Drupa 2024, the world’s largest trade fair for the printing and packaging industry held in Germany. Renowned for showcasing the latest in printing and packaging technologies, Drupa occurs every four years and attracts global industry leaders. At this year’s event, ALFT
State Minister of Finance Shehan Semasinghe announced yesterday that the Government plans to permit the importation of vehicles for private use starting in the first quarter of 2025. Additionally, permission for commercial vehicle imports will be granted by August this year. The initial phase will focus on allowing imports for business and transportation purposes. “Regarding
NDB Bank is advancing financial education and empowerment by integrating Credit Information Bureau of Sri Lanka (CRIB) reports into its NDB NEOS mobile banking app. This partnership allows users to access their credit reports and scores (iReport and CRIB Score) directly through the app, providing valuable insights into their credit status and facilitating proactive financial
Diesel & Motor Engineering PLC (DIMO) and Tata Motors have unveiled the all-new Tata Xenon Yodha, a versatile and affordable pickup designed specifically for the Sri Lankan market. The Tata Xenon Yodha features a 3.0-litre Diesel BS4 Intercooler turbo engine and is equipped with advanced safety features such as a Steering Column and ABS brake