Examining specific industries such as technology, healthcare, finance, and manufacturing, including trends, challenges, and opportunities within each sector.
Legal challenges have once again stalled Sri Lanka’s efforts to attract international investment in the exploration and commercialization of two blocks totaling over 5,000 square kilometers in the Mannar Basin. The Court of Appeal, in CA (Writ) Application No: 392/2023, acknowledged a prima facie case by Serendive Energy, the petitioner, leading to orders restraining the
SLT-MOBITEL, the National ICT Solutions Provider, has introduced its new ESG theme ‘Co-Connection,’ reaffirming its dedication to excellence in responsible initiatives aimed at reducing human impact on the environment and empowering communities through digitalization and streamlined operations. The ‘Co-Connection’ theme underscores the crucial role businesses play in shaping a sustainable future and takes a holistic
AgriFI, an agriculture financing initiative funded by the European Union (EU) and managed by EDFI Management Company, has announced a significant US $3 million loan to Sarvodaya Development Finance PLC (SDF) in Sri Lanka. This investment is aimed at supporting SDF’s provision of financial services to the agricultural sector, particularly through its agricultural machinery leasing
The Sunday Morning has learned that the number of out-of-stock pharmaceuticals in Sri Lanka has dipped below 100 for the first time in several years. Dr. Chamil Wijesinghe, the Media Spokesman for the Government Medical Officers’ Association (GMOA), confirmed this information, stating that the Medical Supplies Division (MSD) currently lists only 58 out-of-stock medicines, despite
Tesla CEO Elon Musk’s unannounced visit to Beijing has stirred speculation about discussions on the rollout of Full Self-Driving (FSD) software and data transfer permissions, according to sources familiar with the matter. Chinese state media reported his meeting with Premier Li Qiang, who praised Tesla’s development in China as a successful example of US-China economic
Ceylon Tobacco Company PLC (CTC) has announced the appointment of Fariyha Subhani as its new Managing Director and Chief Executive Officer, effective from April 15, 2024. Subhani takes over the role from Monisha Abraham, who had been appointed to the position in December 2021. Prior to joining CTC, Fariyha served as the Managing Director for
NDB Bank is excited to announce the winners of its successful campaign, “Salli Ratin, Thagi Apen, remittance Avurudu Wasiya,” which aimed to encourage the use of Western Union for foreign remittances. The campaign ran from 5 March to 10 April and concluded with the selection of lucky winners through a lottery draw. The first-place winner
Pan Asia Banking Corporation PLC has announced a notable increase in its Profit before Tax (PBT) by 47% for the first quarter of 2024, reflecting improved macro-economic conditions. The bank’s financial performance during this period showcased prudent portfolio management strategies, especially in dealing with potential fallout on asset quality amidst challenging times. The bank reported
LB Finance celebrated the traditional Awurudu festival on 19 April 2024 with great fervor, transforming its Corporate Office in Colpetty into a vibrant village scene. The staff adorned traditional Awurudu attire, immersing themselves in cultural activities that captured the essence of the festival. The event was marked by lively music and dance performances, creating an
The widely-used oral rehydration solution ‘Jeevani,’ produced by the State Pharmaceuticals Corporation (SPC), is under scrutiny for lacking Good Manufacturing Practices (GMP) certification for the past nine years. College of Medical Laboratory Science President Ravi Kumudesh highlighted this concern in a letter to the Ministry of Health, emphasizing the potential risks to medicine quality when