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Cabraal Leads Sri Lankan Delegation to Lulu Regional Office

A high-level delegation from Sri Lanka headed by the State Minister of Money & Capital Market and State Enterprise Reforms H E Ajith Nivard Cabraal visited Lulu regional headquarters recently.…

Launch of the “Bath Curry (බත්කරි ) Indicator” by the Advocata Institute

Food inflation has risen over the last year, although the overall inflation is low. According to the National Consumer Price Index, overall prices rose by 3.7% between January 2020 and…

Cracking the Code of Financial Inclusion in Sri Lanka

By Savani Jayasooriya The refreshing taste of thambili, otherwise known as king coconut, is a preferred beverage for many Sri Lankans. Roadside stalls laden with thambili, like one owned by…

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…

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…

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…

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 Lankan Airlines Signs engineering maintenance agreement with FITS Aviation

Sri Lankan Engineering, the Engineering arm of Sri Lankan Airlines signed a total 360 engineering maintenance agreement with FITS Aviation, encompassing base maintenance, line maintenance, and other engineering services, for FITS Aviation’s Airbus A320 fleet…

The Ceylon Chamber of Commerce signs MOU with McLarens Maritime Academy

The Ceylon Chamber of Commerce (CCC) and the McLarens Maritime Academy recently entered in to a Memoranda of Understanding where CCC appointed surveyors will have an opportunity to undertake training…

COPE Orders to Sri Lanka Insurance submit a report on Maldives and Seychelles Branch Closures

Sri Lanka’s Legislative Committee on Public Enterprises (COPE) has ordered the State-Owned Sri Lanka Insurance Corporation (SLIC) to submit a report expeditious on its decision to close operations in Maldives…