Ceylon Tobacco Company appoints Harin de S Wijeyeratne as Board Director

February 05, 2024, Colombo, Ceylon Tobacco Company PLC (CTC) today announced the appointment of distinguished corporate leader Harin de S Wijeyeratne as an Independent Non-Executive Director to its Board, effective February 01, 2024. With this appointment, the CTC Board of Directors will now comprise Chairman Suresh Shah, Managing Director Monisha Abraham, Kushan D’Alwis, Gary Tarrant, […]

Sunshine Medical Devices partners as Diamond Sponsor at 40th Annual Academic Congress of College of Anesthesiologists of Sri Lanka

05th February 2024, Colombo: Sunshine Medical Devices, a division of Sunshine Healthcare Lanka, partnered as the Diamond Sponsor of the recently concluded 40th Annual Academic Congress, organized by the College of Anesthesiologists and Intensivists of Sri Lanka. Held in Colombo, the event witnessed the convergence of distinguished medical professionals and notable experts, including Chief Guest […]

Samsung Galaxy S24 Series Is Now Available Islandwide

Samsung Sri Lanka announced the global availability of the new Galaxy S24 series, which has received an impressive number of pre-orders thanks to its transformational Galaxy AI capabilities. Notably, the new Samsung Galaxy S24 series achieved a double-digit increase in pre-order sales compared to its predecessor. “The launch of the Galaxy S24 series demonstrates our […]

The Intersection of Literature, Culinary Arts, and Spirits at GLF

1st February 2024: In celebration of Sri Lanka’s rich heritage of food and spirits in literature, Karan Gokani, Co-Founder and Creative Director of the South Asian-inspired UK restaurant chain, Hoppers London, curated a special dining experience held on the sidelines of the Galle Literary Festival (GLF) – the ‘Hoppers x Ceylon Arrack Dinner’. Drawing inspiration […]

HNB FINANCE unveils new Gold Loan Unit at Kilinochchi branch

January 31, 2024: Responding to the increasing demand for gold loan services in the country’s Northern region, Sri Lanka’s leading integrated financial services provider HNB FINANCE PLC introduced a newly dedicated Gold Loan Unit at its Kilinochchi branch located at No.08, Kanagapuran Road, Udayanagar – East, Killinochchi. The grandeur opening ceremony for the Gold Loan […]

Yara Technologies enters the African market, targets rapidly-growing FinTech market

Yara Technologies [“Yara”], Sri Lanka’s premier EdFinTech company, expanded into the African market by partnering with Meus Technologies, Zambia [“Meus”]. This move is strategically aligned with Africa’s rapidly growing FinTech landscape, presenting significant opportunities for Yara to enhance access to capital, especially for the expanding middle class. The company expects the FinTech adoption to be […]

VAT surge threatens Sri Lanka’s housing and foreign investments

By Rohan Parikh In the intricate case of Sri Lanka’s economic rejuvenation, the recent surge in the Value Added Tax (VAT) to 18 percent, coupled with the removal of certain industries from the exemptions list, has emerged as a focal point for concern among foreign investors assessing the country’s economic climate. This shift, occurring within […]