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Sri Lanka had the Sixth Most selfie-related accidents in the World

Sri Lanka recorded the World’s sixth most selfie-related accidents over the past decade, according to Inkifi. The country experienced six causalities from selfie-related accidents in the period and five of…

Prime Lands Residencies Plans Rs 1.95B IPO

A top real-estate developer and the leader in the mid-market residential condo segment, Prime Lands Residencies Ltd plans a Rs 1.95 billion Initial Public Offering (IPO) in the Colombo Stock…

Softlogic brings all retail operations into one core vertical

Softlogic Holdings PLC completed the transfer of all retail operations into one core vertical under Softlogic Retail Holdings (Pvt) under the restructure plan announced over two years ago. “Softlogic Retail…

IATA Recocomends Rapid Antigen Tests for Air-travel

The International Air Transport Association (IATA) today urged governments to accept best-in-class rapid antigen tests in fulfillment of COVID -19 testing requirements based on the latest research findings of OXERA…

CBL Group Clinches Best Corporate Citizen Award

The leading biscuit, chocolate, and confectionery manufacturer CBL Investments Limited (CBL Group) won the Best Corporate Citizen Award (BCCA) of Ceylon Chamber of Commerce (CCC) beating Commercial Bank of Ceylon…

UN Human Rights Council Votes to strengthen rights office probe into Sri Lanka’s long civil war

The 47-member UNHRC adopted a resolution on Tuesday, brought by Great Britain on behalf of a group of countries, boosting UN rights chief, Michelle Bachelet’s staff and powers, with a view…

Arcade Independence Square Lease out to Ashok Pathirage-controlled Odel for 10 Years

Sri Lanka’s Odel PLC, a subsidiary of Ashok Pathirage-controlled Softlogic Holdings has entered into an agreement with the Urban Development Authority (UDA) to lease, operate and manage the Arcade Independence…

Sri Lanka’s Central Bank Signs $1.5 B bilateral currency swap Pact WIth China

Sri Lanka’s Central Bank (CB) entered into a $1.5 billion ( CNY 10 billion) bilateral currency swap agreement with the People’s Bank of China (PBoC) for a three-year period. However,…

BreadTalk To Close Down All Outlets in Sri Lanka Until Further Notice

The Board of Directors of FoodBuzz (Private) Limited, the sole custodian of franchise rights for BreadTalk in Sri Lanka decided to temporarily suspend its business operations. The parent of FoodBuzz…

Sri Lanka lowers its apparel export earning target to $5.1 B

Sri Lanka has lowered its apparel export earning target to $5.1 billion for the year from the original $6 billion-target announced in January this year. “The government is enthusiastic to…