Customs interdict four top officials over major fraud

Sri Lanka Customs indicted four of its senior officials attached to the Central Cargo Examination Directorate for being involved in a major fraud of releasing an illicit goods container to its importer by preparing fraudulent documents. A Senior Deputy Director, a Deputy Director, a Superintendent and an Assistant Superintendent of Customs were ordered to be […]

Sri Lanka engages Liberia for furthering economic ties

Sri Lankan Ambassador Kana Kananathan met President Joseph Boakai of the Republic of Liberia at the Executive Mansion in Monrovia. The meeting marks the first bilateral engagement undertaken by a Sri Lankan diplomat, which was intensifying engagement covering political, trade and investment and people-to-people domains.

Consumer confidence hits record high in June

Sri Lanka’s consumer confidence expanded in June, reaching an all-time high, a report from the Institute for Health Policy (IHP) showed. The Index of Consumer Sentiment (ICS), the broadest measure of the public’s view of their personal economic status and the national economy increased 7 points to 36 points. In June, all three consumer confidence […]

AIA Insurance bags multiple wins at the 4A's Advertising Awards 2024

15 th July 2024: AIA Insurance shone at the recently held 4A’s Advertising with a remarkable five awards recognising the company’s creative and engaging campaigns. AIA’s ‘Suwa Walan’ was a campaign that emerged as a standout, securing three awards including two Gold awards. The campaign done in collaboration with the Sri Lanka Cancer Society and […]

NCE calls for “Urgent Stability: Addressing Customs Disruptions and Safeguarding Sri Lanka’s Economy”

The recent actions taken by the Sri Lanka Customs Officers’ Union, including a two-day “sick leave” campaign and work-to-rule initiatives, have had profound implications across Sri Lanka’s business community, particularly affecting exporters and importers. These actions were initiated due to perceived grievances and unmet demands from the Customs Officers’ Union on various issues. Jayantha Karunaratne, […]

“Vision 2030” A Blueprint for Sustainable Development presented to the President

A comprehensive policy document titled ‘Vision 2030’, prepared by the Ceylon Chamber of Commerce, to guide Sri Lanka towards sustainable and inclusive development by 2030 was presented to President Ranil Wickremesinghe today (09) at the Presidential Secretariat. This document outlines a strategic roadmap for Sri Lanka to achieve sustainable and inclusive development by the year […]

Australia appoints special envoy to tackle antisemitism

Australia has appointed a special envoy to combat antisemitism and preserve “social cohesion”, amid rising community tension over the Israel-Gaza war. Prime Minister Anthony Albanese announced lawyer and businesswoman Jillian Segal would consult with community leaders and discrimination experts to advise the government. It follows in the footsteps of countries like the US, Canada, Greece and […]

Union Assurance Launches Leader Conference 2024

Union Assurance held its inaugural Leader Conference 2024 at the Epitome Hotel, Kurunegala. This event brought together over 250 participants, including Union Assurance Agency leadership and sales leaders across its extensive branch network, marking a milestone in the Company’s commitment to leadership development and excellence. The Leader Conference aimed to recognise and celebrate the achievements […]

GameStop shares jump after investor claims stake

Meme stock favourite GameStop is rising again, after a social media post seemingly from the investor known as “Roaring Kitty” claimed a sizeable stake in the video game retailer. Shares in the firm opened for trade on Monday priced above $40 apiece, up more than 70% from Friday, before later retreating a bit. The surge […]