Sri Lanka recorded over 70,000 tourist arrivals in the first 17 days of September, according to provisional data from the Sri Lanka Tourism Development Authority (SLTDA). From 1 to 17 September, a total of 70,678 international visitors entered the island, pushing the year-to-date arrivals to 1.43 million. However, the average daily arrivals have dropped to
Sri Lanka’s Planters’ Association (PA), representing the managers of the island’s commercial farms growing tea, rubber, coconut, and palm oil, is celebrating its 170th anniversary this year. Founded in 1854, the PA is one of Sri Lanka’s oldest institutions, dedicated to representing and safeguarding the interests of the plantation sector. Known for producing Pure Ceylon
Sri Lanka’s LTL Holding IPO, scheduled for September 13, has been put on hold by the Colombo Stock Exchange (CSE) due to the need for further clarification on new information. The CSE has requested additional details from LTL Holding for review. The statement from the CSE highlighted that the new information should have been disclosed
The Maliban Group has announced a major leadership transition, with A.G. Kumudika Fernando being appointed as the new Chairperson, effective August 15, 2024. This appointment follows the recent passing of A.G. Ratnapala Samaraweera, the previous Chairman and Kumudika’s father. Samaraweera was the son of A.G. Hinni Appuhamy, the legendary founder of Maliban, and upheld the
Sri Lanka’s business community is calling on the government to address critical issues hindering entrepreneurship and economic growth. The Sri Lanka United Business Alliance (SLUBA), representing micro, small, and medium enterprises (MSMEs), urged officials to develop a comprehensive plan to support businesses during these challenging times. SLUBA Chairperson Tania Abeysundara criticized the lack of focus
Sanasa General Insurance Company is celebrating a remarkable achievement – a record growth rate of 53% in 2023. This impressive performance places them among the highest growing insurance companies in Sri Lanka. The growth surge extends across various insurance categories. Sanasa General Insurance witnessed a phenomenal 90% growth in fire and engineering insurance, a staggering