People’s Bank joined the LankaPay National Card Scheme, becoming the first bank to be both an acquirer and an issuer of same.

Real estate developer Myland Developments Limited’s (MDL) IPO, opened on December 8, was oversubscribed in a matter of hours, receiving 2,884 applications, which resulted in an oversubscription rate of 6.7 times.

NDB Wealth, as a trusted financial and wealth management partner, strongly advocates the need to plan ahead and prepare for the festivities in a prudent manner, so that one can relax and enjoy the season.

DFCC Bank, one of the premier commercial banks in Sri Lanka, announced the launch of DFCC Aloka, a financial proposition exclusive for women, with the prime goal of enabling women to achieve their aspirations through innovative financial, non-financi

The fiscal deficit continued to expand in the nine months through September 2021 on the back of revenue shortfalls, which were sharper than expected due to the pandemic-induced economic restrictions and sweeping tax cuts in 2019, and the expenses whi

Sri Lankans may be brimming with hope to welcome 2022 looking past all the hardships brought about by the pandemic and mishandling of its economy, but one may have to practice some self-restraint in having any optimism as the country is carrying forw

Diversified conglomerate CIC Holdings last Friday announced the appointment of Prashantha Aroshan Seresinhe as the Group CEO with effect from December 1, 2021.

Terms of trade, the ratio of export prices and import prices turned in Sri Lanka’s favour in October after remaining in the unfavourable territory for many months reflecting that finally the merchandise exports are fetching higher prices in line wi

With a view to augment the asset position, Serenity Lake Leisure Ltd, the controlling shareholder of Hunas Falls Hotels PLC, is gearing to infuse the latter with Rs.4.25 billion worth capital by transferring ownership stakes the former holds in sever

The Central Bank last week decided to extend the worker remittance incentive scheme, which offered an additional Rs.10.00 for each dollar converted, through January 2021 from an earlier end date set at December 31, 2021.

Questions are being raised abundantly whether the rock bottom interest rates which came about since the onset of the pandemic to both blunt its economic fallout and also to support the subsequent recovery have delivered intended results as a senior b

Although Sri Lanka is facing an uphill task of meeting its near-term foreign currency debt obligations coming due, the country has managed to gradually cut the foreign component of its public debt during the 19 months to July, bringing it down to bel

The government plans to takeover the unutilised land plots of the Regional Plantation Companies (RPCs) in six months by re-enacting the Revival of Underperforming Enterprises and Underutilised Assets Act, according to Labour Minister Nimal Siripala d

Sri Lanka’s exports in 2021 from the rubber product sector have achieved US $ 1 billion income and the Sri Lanka Export Development Board (EDB) intends to increase it to US $ 3 billion by 2025.

Samsung has been deemed as the most innovative technology company worldwide by a Capital on Tap report recently.

N-Joy, Sri Lanka’s leading coconut oil brand, set yet another benchmark in the coconut oil manufacturing industry by adopting the state-of-the-art manufacturing process, Fresh Dry Technology (FDT), which further enhances product quality in line wit

TourmalineLanka Gemological Laboratory (TGL), one of Sri Lanka’s leading gem laboratories, celebrated its fifth anniversary earlier this year by opening a branch in the city of Galle.

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) accorded the Gold award to the annual report of Lanka IOC PLC under the power and energy sector for the year 2020-21 during the grand finale of 56th Annual Report Awards ceremony.

Laugfs Gas PLC held up the prestigious Gold award in triumph in the power and energy sector at the 56th Annual Report Awards organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka).

Reliable Spices Group, a leading brand in the field of local spice and food exports in Sri Lanka, reaffirmed its excellence by winning the Silver award for the Best Export Exporter of the Year in the new export category, at the Presidential Export Aw

Appreciating the customers for their loyalty and ensuring they remain connected to all their favourite social media applications, especially to usher in the New Year, SLT-Mobitel, as the national information and communications technology (ICT) soluti

Adding yet another exciting proposition to the most attractive ‘Blaster’ series, Dialog recently launched the all-new Triple Blaster (498) plan, facilitating the prepaid customers with the ideal bundle plan with calls and SMS to any local network

LOLC Group’s strategic investments arm Browns Investments PLC (BIL) yesterday said it had entered into a transaction agreement with James Finlay Limited to buy the latter’s entire holdings in two listed plantation companies.

The shares of First Capital Treasuries PLC commenced trading on the Colombo Stock Exchange (CSE) yesterday. The shares have been listed on the Diri Savi Board of the CSE under the ‘Investment Banking & Brokerage’ sector. The occasion was marked w

The Visiting Blogger Programme (VBP) and the Visiting Journalist Programme (VJP) under the influencer marketing effort for promoting destination Sri Lanka is a great success than originally anticipated, Sri Lanka Tourism said.

Sri Lanka’s apparel sector and key industry trade unions signed a historic agreement that ensures business owners and employees work together to maintain continued vigilance on pandemic prevention, discuss issues of mutual interest and jointly part

The pandemic propelled the significance of the Information and Communications Technology (ICT) sector in the last three months like no other, to emerge as the fastest growing sector in the economy as many traditional economic activities shifted onlin

The Colombo Stock Exchange (CSE) is revising the index calculation methodology of the All Share Price Index (ASPI) from full market capitalisation-weighting to free float-adjusted market capitalisation weighting as notified to the market on November

Sri Lanka’s Provincial Gross Domestic Product (PGDP) out for 2020 reflected starkly divergent living conditions and the economic prospects confronting the people living in different regions in the country as each of their shares to the overall econ

The balance of payment (BoP) deficit ballooned to an all-time high in the 10 months to October, despite the robust merchandise exports in the recent months, as the outflows by way of imports, loss of services inflows from tourism and worker remittanc