Fitch Ratings has upgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ’CCC+’, from ’RD’ (Restricted Default).

The Free Trade Zone Manufacturers Association (FTZMA) recently expressed its full support for the government’s proposal to extend the current Simplified Value Added Tax (SVAT) scheme beyond April 2025.

The International Monetary Fund (IMF) Executive Board is expected to convene in the coming months to review the staff-level agreement on the third review, under the Extended Fund Facility (EFF) arrangement between Sri Lanka and the IMF.

The Board of Investment of Sri Lanka (BOI) this week signed an investment agreement worth US $ 3.2 million with St. Joseph’s Children’s Care and Adult hospitals.

Commercial Bank of Ceylon has been ranked No 1 among Sri Lankan banks in the inaugural Corporate Happiness Index just released by the LMD magazine. The bank has also been ranked one of Sri Lanka’s Happiest Second Homes, taking the fifth place overa

The Export Development Board (EDB) recently wrapped up a study tour in Thailand for Sri Lankan exporters and manufacturers in the automotive sector, to explore potential supplies and business opportunities for the local industry.

The penultimate sale of the year, concluded this week, had on offer a total of 5.8 million kilogrammes (M/Kgs), down from 6.1 M/Kgs on offer the previous week.

The ASPI closed in green as a result of price gains in counters such as Central Finance Company, Ceylon Cold Stores and Melstacorp with the turnover crossing Rs. 9.2 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutio

The secondary market yield curve remained broadly unchanged ahead of the holiday season, with the secondary market witnessing limited activity and ultra-thin volumes.

This festive season, Shangri-La Colombo unveils an exclusive culinary treasure - the Hazelnut & Passion Yule Log Train. Inspired by Sri Lanka’s iconic train journeys, this limited-edition creation redefines indulgence, offering a rare and luxurious

Nestled in the picturesque landscapes of Padukka, Ayr Castle 1922 is the newest addition to the exquisite boutique collection, Reveal the Collection. Here, guests are invited to escape the hustle and bustle of city life and experience a sanctuary whe

NDB Bank recently hosted its much-anticipated annual Christmas Carols Celebration for staff and their families, bringing the festive spirit alive on 13 December,

It’s the holiday season, and Body Shop got a whole lot of things to plan! Seasonal scents, holiday hair, festive skin and body care, and of course the personalized gifting.

The Christian Guild of the People’s Bank recently held its 46th Annual Christmas Carols at the People’s Bank Head Quarters Branch, Colombo 02. The staff representing branches located in Colombo, Puttalam, Kalutara and Jaffna & Wanni regions sang

Gifting platform Thyaga has launched the “Dading, Biding, Gifting” campaign, just in time for the festive season. The initiative aims to address the challenge of finding the perfect gift by providing flexibility and personalization through Thyaga

Cool Planet is making the festive season brighter than ever this December with “Light Up the Moment.” This festive theme brings joy to holiday shopping with exclusive collections, exciting activities, and unmatched promotions, offering something

Ushering in the festive season Union Bank held its annual Christmas Carols

HNB PLC recently announced the launch of an extensive range of special offers for cardholders, including discounts of up to 70 percent off and a host of unique benefits from a wide selection of over 300 popular merchants island wide this festive seas

The SriLankan Airlines Toastmasters Club, the second oldest corporate club in Sri Lanka, recently raised a toast to a well-travelled legacy and its equally promising future at its 22nd Annual Officer Installation Ceremony, held at the SriLankan Aviat

Sri Lanka is 100,000 trees richer thanks to the completion, ahead of schedule, of a commitment by the Commercial Bank of Ceylon to plant that number of trees at selected locations across the island, and the bank has announced plans to plant another 1

A group of children in the scenic coastal town of Arayampathy in Batticaloa will start the new school year with a new classroom, thanks to the generosity of Ceylinco Life.

Eva joined forces with the Sri Lanka Red Cross Society (SLRC) to launch an island-wide Menstrual Health and Hygiene Awareness Programme. Aimed at reaching schools across the island during 2025, this initiative seeks to equip students with vital know

Nations Trust Bank recently launched an Urban Forestry Initiative, a multi-phase tree-planting projectthat is aimed at increasing greener spaces in Colombo citywhileencouraging environmental stewardship.

People’s Bank Sports Awards ceremony was recently held at Eagles’ Lake Side Banquet Hall, Aththidiya, to honour the outstanding achievements of the bank’s sports community.

Sales professionals from Sri Lanka Insurance Corporation General Ltd (SLICGL) converged at the Head Office on 11 November, to compete in the grand final round of the General Insurance Quiz Competition 2024 and awards ceremony.

Dilmi Sathsarani Godage, founder of Cakey and Bakey, was recognised as the Best Creative Cake Artist of the Year at the Women Legends 2024, organised by MUGP International Organisation.

The John Keells Group commemorated the International Day for the Elimination of Violence Against Women on 25 November, reaffirming its commitment to combat gender-based violence (GBV) through sustained initiatives and targeted campaigns carried out b

Sri Lanka will issue US$ 10.4 billion in macro-linked bonds (MLBs), including US$ 1.6 billion in governance bonds and Rs. 155 billion in rupee bonds today.

The government has decided to further ease certain restrictions imposed on outward remittances for a six month-period until June next year based on recommendation of the Central Bank (CB).

The Asian Development Bank (ADB) signed a US$150 million loan agreement with state-run Ceylon Electricity Board (CEB) to support key upgrades in the country’s electricity transmission infrastructure, the CEB said yesterday.