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Business

Sri Lanka has emerged as a popular destination for MICE tourism, offering the perfect blend of natural beauty, cultural diversity, and modern infrastructure. MICE Expo 2023 concluded last week with 22 exhibitors and 75 vendors from Sri Lanka attending it. Here Country Manager Srilankan Airlines, Dimutu Tennakoon with Founder and Managing Director, BML International, UK, Dimitri Laspas at the event. Pic: Sulochna Gamage
MICE tourism to woo over USD 3 bn this year
Sri Lanka plans to attract over USD 3 billion by hosting (Meetings, Incentives, Conferences, and Exhibitions (MICE) events this year, said General Manager Sri Lanka Conventions Bureau, Krishantha Fernando. He was speaking to Sunday Observer Business on the sidelines of the MICE Expo at the Shangri-La Hotel, organised by the Sri Lanka Convention Bureau (SLCB) and Srilankan...
19 March, 2023
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Chairman Lankaila Dhakshitha Bogollagama exchanges the agreement with members of the Balaji Ocean Hotel, Arugam Bay in a commercial bank in Colombo. Pic: Sulochana Gamage
Lankaila pumps in Rs. 160m, acquires sixth local hotel
Lankaila comprising a consortium of investors from Sri Lanka and Singapore made its sixth acquisition in the local hotel sector when they took an 80% controlling stake of Balaji Ocean Hotel, Arugam Bay pumping in over Rs. 160 million. “We have already made investments of over USD 8 million for seven more such acquisitions so far,” said Chairman Lankaila, Dhakshitha...
19 March, 2023 0
Minister of Power and Energy Minister Kanchana Wijesekera, US ambassador to Sri Lanka, Julie J. Cheng along with Senior Director, Public Policy and Government Relations, Asia Pacific Region at Uber Mike Orgill and Interim General Manager, Uber Eats Sri Lanka, Pivithuru Kodikara at the launch of e-cycles event in Colombo
Uber Eats promotes green energy
Uber Eats, a food and grocery delivery platform, sponsored e-cycles valued at Rs. 42 million for 100 most engaged delivery partners to promote green energy to the local transport sector thereby reducing the use of fuel.  This is the first time such an initiative is being conducted in South Asia. Uber Eats was also the first platform to introduce cycle deliveries in Sri...
19 March, 2023 0
Dhanusha Marine to build US $ 100m fishing vessel
Creating maritime history in Sri Lanka, a totally locally funded boat builder, Dhanusha Marine Exports (Pvt) Ltd, has launched construction of the biggest fishing vessel in Sri Lanka for export to the African continent. The total value of this would be around USD 100 million. This boat is equipped with communication and navigational tools, a cooling system, a blast...
19 March, 2023 0
Panellists at the event
SLID to improve Board IT governance practices
Not having adequate knowledge of ICT at the Board-level increases business IT risks and due to this many companies rely on senior ICT management personnel such as CIOs/CTOs to support board-level IT governance. This was revealed at the first Sri Lanka Survey Report on Board IT Governance - 2022 launched by the Sri Lanka Institute of Directors (SLID) to an audience of over...
19 March, 2023 0

Business

State Minister Diana Gamage - VP, SLEPFA
State Tourism Minister, Diana Gamage has been appointed as the Vice President of the Sri Lankan and European Parliamentary...
IMF puts damper on loan deal, sets new condition for Pakistan
The revival of the IMF loan program for Pakistan has taken a new turn, as the international lender has put forward a new...
People’s Bank clarifies misleading reports
The People’s Bank has issued a statement clarifying that they have not received any direct or indirect requests or instructions...
Jayantha Karunaratne elected NCE President
The National Chamber of Exporters of Sri Lanka (NCE) held its 28th Annual General Meeting at Hotel Galadari last week.Jayantha...
Sampath extends partnership with Merchantrade
Merchantrade Asia, a remittance hub, popular among migrant worker communities in Malaysia, has mapped out strategies with Sampath...
EDB conducts seminar for TIEP scheme agricultural exporters
The Sri Lanka Export Development Board (EDB) recently conducted an awareness seminar on “Facilitation of agricultural exporters...
Sustainable Reporting:
ACCA reaffirms ComBank as Best among Sri Lankan banks
The Commercial Bank of Ceylon was declared the best among all Sri Lankan banks in sustainability reporting at the Sri Lanka...
Auction yields taper down significantly
Selling pressure looms on secondary market:
The secondary market reversed the persistent bullish sentiment during the previous week, as selling interest loomed over profit...
CSE collaborates with CFA Society Sri Lanka as platinum partner
The Colombo Stock Exchange (CSE) again extended the partnership agreement with CFA Society Sri Lanka as a Platinum Partner...
Choose who to learn from
Though you see some positive developments, with continuous mounting stress levels surrounding your job due to a very volatile...
Alumex launches loyalty program to help aluminium fabricators
Alumex PLC has launched its flagship loyalty program ‘Divikavuluwa’.‘Divikavuluwa’ is the most recent of a series of community-...
SLIM-Kantar People’s Awards launched
“Choices define us”:
SLIM launched the 2023 edition of SLIM-Kantar People’s Awards recently.It is the only awards ceremony in Sri Lanka that...
Everyone knows HR
Baurs to strengthen Consumer Division
A. Baur & Co. (Pvt.) Ltd., also known as Baurs, is strengthening its Consumer Division to double its agencies, expand its...
Reflections on Jack Welsh: a transformational leader of our times 
Three years have passed since the passing away of Jack Welsh, a legendary leader. He was hailed as a person who redefined...
Program to build capacity of 6,000 rubber smallholders
The Rubber Improvement of Value Chain and Embedded Smallholders Resilience (RIVER) project, supporting capacity-building for 6,...
People’s Bank remittance promotion grand draw concludes
Super winner receives Rs. 10 million:
The grand draw of the People’s Bank’s ‘People’s Remittance Vaasi Kotiyai, Ewannai Dinannai’ bonanza, to choose the super winner...
EDB fosters IT undergraduate entrepreneurship
Kickstart Weekend 2023:
The EDB (Export Development Board) as the apex government body in export promotion and facilitation collaborates with...
Common mistakes in training presentations
A training presentation provides information and guidance to an audience and discusses the experiences of the trainer and the...
Rescinding of Gazette No 2041/10 perturbs Shippers’ Council
Importers and exporters are perturbed by the action of the Ministry of Ports and Shipping, to rescind Gazette No. 2041/10 dated...
BOI Investor Facilitation Coordinating Committee meets
The second round of the Investor Facilitation Coordinating Committee Meeting chaired by Investment Promotion State Minister Dilum...
Facebook and Instagram dominate e-commerce ad spending
At present, Meta’s largest platforms Facebook and Instagram continue to dominate e-commerce ad spending — and for good reason....
Promoting decent work for Sri Lankan women
Sri Lanka’s low female labour force participation rate (FLFP) has received intense policy attention over the past several decades...
Weekly Performance of Indices
Exchange Rates
Tea Market Report

Advertorial

Cargills Bank marks Women’s Day with bonus interest offer for Abhimani account holders
Cargills Bank has launched an exciting campaign to honour women in celebration of International Women’s Day....
CA Sri Lanka expands global footprint with an overseas chapter in Canada
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), which prides itself on being a world-...
BMICH celebrates International Women’s Day
BMICH – Sri Lanka’s iconic landmark organized a special programmefor its lady staff members to celebrate...
Abans makes a difference through its Corporate Social Responsibility efforts
Abans Group, one of the largest conglomerates in Sri Lanka, continues to demonstrate its commitment to making...
LB Finance secures two awards
LB Finance PLC secured two awards at the Digital Excellence Awards Ceremony 2022, depicting its broad vision...
US Ambassador Julie Chung visits Sysco LABS Sri Lanka
Julie Chung, US Ambassador to Sri Lanka met the leadership of Sysco LABS Sri Lanka and toured its Colombo HQ...
Union Bank marks International Women’s Day
In celebration of the International Women’s Day held on 8th March 2023,Union Bank conducted an inspirational...

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