Category: Featured
CICT named best container terminal of its capacity in Asia for 6th successive year
Colombo International Container Terminals (CICT) has been crowned the Best Container Terminal in Asia in the Under 4 million TEUs category for the sixth consecutive year, in just seven full years since it commenced fulloperations in mid-2014. The announcement of CICT’s prestigious win on a global platform was made at the 2022 Asian Freight, Logistics […]
“There is opportunity in crisis” – JAAF Secretary General
Apparel industry proves resilient in the face of adversityTotal apparel exports in July 2022 ($ 522.14 million) – 22.4% increase YoY As Sri Lanka struggles with the ongoing economic crisis, the country’s trade balance recorded a surplus last July. While this surplus reflects the continued decline in import expenditure, it is also reflective of the […]
Businesses spending higher percentage of technology budgets on cybersecurity, Sophos research reveals
Sophos, a global leader in next-generation cybersecurity, today released additional findings from its survey report, The Future of Cybersecurity in Asia Pacific and Japan, in collaboration with Tech Research Asia (TRA), revealing businesses are increasingly prioritising budget for cybersecurity. In 2022, 11 per cent of technology budgets are dedicated to cybersecurity, an increase from 8.6% […]
E. B. Creasy declares interim dividend and pays out Rs.253.5Mn
E. B. Creasy & Co. PLC has declared an interim dividend of Rs. 1.00 per share, paying out Rs. 253.5 Million from the distributable profits of the Current Financial Year.In the previous financial year, the Company paid a total dividend of Rs. 358.3 Million amounting to a dividend of Rs. 1.50 per share maintaining the Company’s constant […]
SLT-MOBITEL brings Samsung’s latest Galaxy fold 4 5G & Galaxy Z flip 4 5G devices along with benefits
Bringing Sri Lankans, the opportunity to experience the next generation technology and devices, SLT-MOBITEL, the National ICT solutions provider is offering Samsung’s latest foldable flagship Galaxy Z Fold 4 5G and Galaxy Z Flip, 4 5G devices coupled with exciting value additions. For every purchase of Samsung’s Galaxy Z Fold or Z Flip, both existing […]
Multiple crises halt progress as 9 out of 10 countries fall backwards in human development, Report
The world is lurching from crisis to crisis, trapped in a cycle of firefighting and unable to tackle the roots of the troubles that confront us. Without a sharp change of course, we may be heading towards even more deprivations and injustices, warns the United Nations Development Programme (UNDP). The latest Human Development Report, “Uncertain […]
‘Rebuild Sri Lanka’ crowdfunding platform goes live today
The United Nations Development Programme (UNDP) in Sri Lanka led Individual Crowdfunding Facility; ‘Rebuild Sri Lanka’ platform went live today providing the opportunity for global citizens to contribute to alleviating the impacts of the crisis in the country: www.undp.org/srilanka/donate. Sri Lanka is experiencing its worst economic crisis since 1948, with 5.7 million people in need […]
‘s export earning up 12.9-pct from Jan-Jul
Earnings from exports increased in July 2022, while import expenditure declined for the fifth consecutive month, on a year-on-year basis. The notable decline in import expenditure in July 2022 reflected the impact of overall moderation of activity amidst forex liquidity strains in the banking system, while the policy measures to curtail non-urgent import expenditure also […]
Despite challenges, SL’s positioning remains unmatched in high-end apparel manufacture
Director of Stretchline Holdings Norman Collier Globally successful manufacturing destinations for high-end apparel have three defining characteristics. Firstly, they have robust secondary supply chains – which are critical to ensuring the timely availability of all required inputs. The importance of this becomes apparent once you consider that to manufacture an item like a bra, producers […]
DIMO together with Kalmar uplifts Sri Lanka’s port and inland container terminal operations
DIMO, a leading diversified conglomerate in Sri Lanka, and Kalmar, a global industry forerunner in port and inland container terminal automation and in energy-efficient container handling solutions, are geared to enhance and uplift local container terminal operations to the next level. This partnership reflects DIMO’s commitment to continuously fuelling the dreams and aspirations of the […]
JKH records EBITDA of Rs.13.33 billion in Q1; Resilient performance despite macro challenges
Summarised below are the key operational and financial highlights of our performance during the quarter under review: • Group EBITDA recorded a significant improvement to Rs.13.33 billion during the quarter under review, which is an increase of 180 per cent against the comparative period of last year [2021/22 Q1: Rs.4.76 billion]. The first quarter of […]
SLT-Mobitel announces national proposal: Focused on technology and digitally empowered citizens
– SLT-MOBITEL, the leading communication and technology service provider in Sri Lanka announced a national proposal to enhance critical services and sectors, and digitally empower citizens. SLT-MOBITEL, one of the most powerful players in the telecommunications and technology sector, cites archaic legacy systems, inefficiency, corruption, heavy operational costs and waste in critical sectors and services […]