Data privacy – Vital currency for business?

Data privacy has transformed the global business landscape in the past five years, largely due to the implementation of the General Data Protection Regulation (GDPR) by the European Union (EU). The heightened demand for data privacy and its importance have led to the enactment of Personal Data Protection Act No.09 of 2022 (PDPA) in Sri Lanka.

Yield curve dips amidst propelled buying interest

Commencing the week, the secondary market yield curve witnessed a downward trend during the day....

Island-wide canteens, restaurants to lower food prices tonight

All Island Canteen and Restaurant Owners’ Association (AICROA) today said the food prices will be lowered from tonight following the recent electricity tariff revision.

Sigh of relief for commercial sector with electricity tariff cut

Sri Lanka’s commercial sector can breathe a sigh of relief as the Public Utilities Commission of Sri Lanka (PUCSL) approved the awaited reduction in electricity tariffs.

Tea exports clear US $ 60mn of SL’s fuel bill owed to Iran

The Sri Lanka Tea Board announced yesterday that exports of Ceylon Tea have successfully offset a substantial portion of the country’s fuel bill owed to Iran, amounting to US $ 60 million.

Melwa Hotels & Resorts only bidder to extend offer for Hotel Developers (Lanka)

The State-Owned Enterprise Restructuring Unit (SOERU) announced that only one bidder...

Cargills Ceylon ramps up expansion plans

Capital investments will focus on expansion of retail stores, restaurants, Cargills Square malls....

Experts renew call for state intervention to boost female workforce participation

Sri Lanka’s alarmingly low female labour force participation has once again sparked expert ....

Turnover crosses LKR a1.5 Bn

The ASPI closed in green as a result of price gains in counters such as Commercial Bank, Richard....

Yield curve dips amidst propelled buying interest

Commencing the week, the secondary market yield curve witnessed a downward trend during the day as most maturities across the curve experienced declines in rates, reversing the trend from the dull market witnessed during the previous sessions. Furthermore, the maturities spanning from short to mid tenures, namely 2026-2030, witnessed revitalised buying interest amidst active investor participation during the day. Trades were recorded in moderat

SEC hosts IOSCO Policy Committee Meeting in Colombo

The Securities and Exchange Commission of Sri Lanka (SEC) hosted the International Organization...

Sri Lanka Human Capital Summit to be held this week

The Sri Lanka Human Capital Summit (SLHCS) 2024 is to be held on July 18. The event will be inaugurated...

SLGMBC holds discussion with Thailand Ambassador

The Executive Committee of the Sri Lanka – Greater Mekong Business Council...

NDB partners with Sri Lanka Inventors Commission

National Development Bank PLC as a part of its Sustainability initiatives has recently entered....

WB retains MTI Consulting for Enterprise Study

The World Bank Group has retained the services of MTI Consulting to assess the Bahrain Private Sector...

Oneroad Group delegates meet BOI, Port City officials

Oneroad Group, a Dubai-based company with interests in oil & gas industry, public transportation, car dealership....

SLASSCOM welcomes new leadership team for 2024/2025

The Sri Lanka Association of Software and Services Companies (SLASSCOM) appointed a new Board...

United Motors Lanka PLC Announces the Appointment of Mr. Arjuna Herath as an Independent Non-Executive Director

United Motors Lanka PLC is pleased to announce the appointment of Mr. Arjuna Herath as an Independent...

Lessons from Italy’s growing love affair with Sri Lankan apparel

In the face of global economic challenges, the apparel industry has struggled to maintain....

Classic Destinations clinches Silver at NBEA 2024

Classic Destinations, the inbound travel arm of Classic Travel, announced it was recently...

Lumala receives recognition at Presidential Environment Awards

In recognition of their commitment to supporting the broader global sustainability agenda and its pursuit...

June quarter earnings season to kick off in earnest with a bang

The stock market’s performance has been lackluster in recent weeks. However, the upcoming corporate...

Private sector credit picks up steam in May with Rs.61bn fresh disbursement

Credit to the private sector by licensed commercial banks in May increased by a satisfactory Rs. 60.7 billion...

WindForce, Vidullanka ink share sale and purchase agreement with Hi-energy

WindForce PLC and Vidullanka PLC have entered into a definitive share sale and purchase agreement....

Bingiriya export processing zone expansion kicks off

With Sri Lanka’s intensified efforts towards export orientation, the government has launched initiatives....

Cultivating culinary delicacies

Mushroom cultivators in Sri Lanka are grappling with production challenges amid rising demand...

MBSL receives board approval to sell entire shareholding in MBSLI

Merchant Bank of Sri Lanka & Finance PLC (MBSL) received approval in principle from its board....

SL Customs to resolve container backlog by evening

Sri Lanka Customs, addressing recent delays from the ‘Go Slow’ campaign, has announced that efforts...

Shippers’ Council urges government to hold Customs accountable for actions

Sri Lanka Shippers’ Council yesterday welcomed the assurance from Sri Lanka Customs that all containers....

Capital Market Masters Quiz first stage launched in Batticaloa

The Capital Market Masters Quiz Competition series was officially launched with its inaugural competition....