Miraclon, a global leader in flexographic printing technology, has selected ALFT Packaging, Sri Lanka’s premier packaging solutions provider, to showcase its latest business and technological advancements. With a strong presence in 180 countries and a vast customer base exceeding 25,000, Miraclon has been instrumental in revolutionizing modern flexography for over a decade. ALFT’s designation as
The Central Bank has proposed substantial revisions to the Finance Leasing Act, signaling potential transformations in the finance leasing sector, according to senior bankers. These revisions focus on confining finance leasing operations to licensed financial institutions, such as commercial banks, specialized banks, and licensed finance companies, effectively excluding non-banking entities. This move is aimed at
The three-day Build Sri Lanka Housing & Construction International Expo 2024, organized by the Chamber of Construction Industry of Sri Lanka, concluded at BMICH yesterday. The expo provided a platform for showcasing the latest developments and innovations in the housing and construction sectors. Notably, a special pavilion was dedicated to the tri forces, allowing them
The Honorary Consul of Sri Lanka to Ghana, Wasantha Perera, highlighted untapped investment opportunities for the Sri Lankan business community in Ghana. This marks a historic milestone as the first consul general appointed by Sri Lanka to Ghana, signaling the potential for fruitful economic cooperation between the two countries. Perera emphasized Ghana’s favorable investment climate,
Sri Lanka is gearing up to resume discussions with bondholders, expressing optimism about reaching a resolution regarding debt restructuring by June 2024. These negotiations have primarily centered around the bondholders’ proposal, particularly the introduction of a Macro-Linked Bond (MLB). First Capital Research’s monthly economic watch for May 2024 highlighted the evolving nature of these discussions,
Sarva Ameresekere takes the helm as Group Chairman of George Steuart & Co. Ltd. (GS&Co), Sri Lanka’s oldest company founded in 1835. This leadership transition follows Dilith Jayaweera’s resignation from all Group Chairmanship and director roles in January, as he shifts focus towards national-level political engagement. Jayaweera, along with Varuni Amunugama Fernando and Sarva Ameresekere,
Domino’s Sri Lanka has unveiled a strategic partnership with Uber Eats, the country’s leading food and grocery delivery platform, to revolutionize the pizza delivery experience for customers. Through this collaboration, customers can now conveniently order their favorite pizzas and sides from Domino’s extensive menu directly through the Uber Eats app, bringing Domino’s delicious offerings closer
Dialog Axiata PLC, Sri Lanka’s leading connectivity provider, has reaffirmed its commitment to gender equality and digital empowerment by renewing its pledge to the GSMA’s Connected Women Commitment Initiative. This initiative reflects Dialog’s dedication to bridging digital divides and empowering Sri Lankan women through increased access to mobile internet and mobile money services. Recognizing the
FITIS recently held its Annual General Meeting for 2024 at the Hilton Colombo Residencies, where Indika De Zoysa was reappointed as Chairman for a second term. De Zoysa emphasized FITIS’s commitment to supporting Sri Lanka’s National Digital Economy Strategy – 2030, noting the organization’s role in formulating proposals for this strategy through expert committees. He
The Ministry of Agriculture and Plantation Industries and Unilever Sri Lanka have joined hands in a historic Memorandum of Understanding (MoU) to establish Sri Lanka’s first national and internationally recognized standard for sustainable tea production. This groundbreaking initiative reflects a shared commitment to drive the Sri Lankan tea industry towards a more sustainable and ethical