The recent sharing of management insights by members of the Chartered Institute of Management (CMI) – UK – Sri Lanka chapter brought a refreshing perspective to the forefront. Diverse professionals from various specialties showcased their managerial successes and shared key lessons learned, providing valuable insights into effective management practices. Spearheaded by the Executive Committee of
Sysco LABS has expanded its successful engineer fast-track programme, ‘Project Summit’, to universities across Sri Lanka, aiming to equip engineering students with the necessary skills and knowledge to accelerate their careers. Originally conceived as an in-house career acceleration initiative, Project Summit has been designed to groom engineers into architects at an accelerated pace. To inaugurate
Samson Rubber Products Pvt Ltd (SRP) recently marked its 30th anniversary with a grand celebration, showcasing its strong cultural values and unwavering dedication to its workforce. The commemorative event, held on April 27th, commenced with a traditional Pirith Chanting Ceremony, followed by a special recognition ceremony honoring long-serving employees. The festivities culminated in a dazzling
The tourism sector in Sri Lanka is on a positive trajectory, with projections indicating that tourist arrivals will surpass the 2 million mark by the end of 2024 and are expected to exceed pre-pandemic levels by 2025. This resurgence in tourism has been consistent since the fourth quarter of 2023, signaling a robust recovery for
Export Development has reported positive growth in several key export markets for Sri Lanka during March 2024 and the cumulative period of January to March 2024, compared to the corresponding periods in 2023. Among the top 10 export destinations for Sri Lanka, countries such as the UK, Germany, Netherlands, Canada, and China have shown significant
Seylan Bank has announced robust financial results for the first quarter of 2024, ending on March 31st. The bank reported a substantial increase in Profit before Tax (PBT), reaching Rs. 3,704 million, marking a remarkable 115% growth compared to the same period in 2023. Similarly, the Profit After Tax (PAT) saw significant growth, soaring by
People’s Bank Chairman Sujeewa Rajapakse recently presented the bank’s Annual Report for the year 2023 to President Ranil Wickremesinghe at the Presidential Secretariat in Colombo 01. This event highlighted the bank’s commitment to transparency and accountability by sharing its financial performance and achievements with the government and stakeholders. The presence of People’s Bank Chief Executive
Amana Bank has made a significant announcement regarding the appointment of Siddeeque Akbar, its Vice President of Retail Banking & Marketing, as the President of the Association of Alternative Financial Institutions (AAFI). This appointment, which took place during the Association’s recent Annual General Meeting, reflects Siddeeque’s leadership and expertise within the non-interest-based Islamic Banking sector,
Under Secretary for Trade and Foreign Agricultural Affairs at the U.S. Department of Agriculture (USDA), Alexis Taylor, recently paid a visit to New Anthoney’s Farms in Hanwella, highlighting the poultry producer’s commitment to sustainable practices and its growing ties with the U.S. This visit is significant as it allowed New Anthoney’s to showcase its facility,
Speakers at the ‘Mobility and Economic Growth’ event hosted by the Ceylon Motor Traders Association emphasized the need for a cautious and methodical approach in lifting the import ban on vehicles in Sri Lanka. Bingumal Thewarathanthri, Chief Executive of Standard Chartered Bank, warned that lifting the ban abruptly could lead to a rapid increase in