Examining specific industries such as technology, healthcare, finance, and manufacturing, including trends, challenges, and opportunities within each sector.
Plantation companies are holding firm on their stance regarding productivity-based wages for estate workers, amidst union demands for a daily pay of Rs. 1,700. The Planters’ Association (PA) of Ceylon emphasized that while they are not opposed to wage hikes in principle, they insist on tying such increases to productivity gains. The Association submitted a
Indian conglomerate ITC has made its mark on the global hospitality scene with the inauguration of “ITC Ratnadipa,” a luxurious 352-room hotel in Colombo, marking its first overseas venture. The hotel, along with the Sapphire Residence complex, represents a substantial $500 million investment, positioning it as a significant addition to Sri Lanka’s tourism and hospitality
Sharmini Wickremasekera has recently been appointed as an Independent, Non-Executive Director to the Board of Directors of CBC Finance Ltd, effective from 22nd March. With an impressive career spanning over 40 years across various domains, she brings a wealth of experience and expertise to her new role. Beginning her professional journey at Ford Rhodes Thornton
The Bank of Ceylon (BOC) has introduced the Youth Loan Scheme, aimed at nurturing the entrepreneurial drive among the youth. This initiative offers a favorable interest rate of 7% per annum, striving to fuel the aspirations of young innovators and future business leaders. With a loan amount of Rs. 500,000, the Youth Loan Scheme endeavors
Kaspersky, a renowned global cybersecurity and digital privacy company, has made a significant announcement regarding its expansion into new territories within Asia Pacific (APAC), including Sri Lanka, Cambodia, and Bangladesh. This strategic move is part of the company’s broader mission to bolster digital infrastructure security across developing economies in the region, particularly focusing on the
Chanakya Dharmasiri iTelaSoft Pvt Ltd’s QA Team, led by Chanakya Dharmasiri, has recently achieved the prestigious ISTQB Platinum Partnership, a remarkable milestone in their pursuit of excellence in software testing. This achievement highlights iTelaSoft’s unwavering commitment to quality assurance and the team’s ability to continually enhance their skills. The journey towards the ISTQB Platinum Partnership
The Colombo stock market experienced a resurgence into positive territory, buoyed by an uptick in investor sentiment and robust turnover. The benchmark All Share Price Index (ASPI) climbed by 0.66%, while the active S&P SL20 saw a 0.4% increase. Turnover reached Rs. 2.5 billion, involving a substantial volume of 207.6 million shares. According to Asia
The Ceylon Chamber of Commerce has identified the Digital Economy as a pivotal driver for accelerating Sri Lanka’s economic growth. The recently unveiled National Digital Economy Strategy 2030, spearheaded by the Ministry of Technology, charts a course to harness the potential of the digital realm. This strategy centers on bolstering digital infrastructure, introducing Digital ID
President Ranil Wickremesinghe embarked on a visit to Nuwara Eliya yesterday, with a focus on reviving tourism in the picturesque hill country. His journey included a trek along a portion of the famed Pekoe Trail, highlighting its potential as a key attraction. The Pekoe Trail, founded by mountaineer Miguel Cunat, is a 300-kilometer odyssey through
Sri Lanka’s Minister of Power and Energy, Kanchana Wijesekera, recently met with representatives from the Asian Development Bank (ADB) for a productive discussion on the country’s electricity sector. The agenda centered on several key areas of mutual interest. A critical focus was placed on the ongoing reforms within Sri Lanka’s electricity sector. The ADB representatives