LB Finance (LBF) was recently honoured for its pioneering work around business model innovation at the FITIS Digital Excellence Awards 2021.

Fitch Ratings last week joined the list of global rating agencies to downgrade Sri Lanka’s sovereign rating for the second time in an year on the mounting concerns of a debt default in the coming months due to razor-thin external reserve buffers, w

ICRA Lanka Limited asked the government to seek the assistance of International Monetary Fund (IMF) as the measures thus far put in place by the Central Bank and the government to alleviate the brewing foreign exchange crisis have been proven counter

The Central Bank in a statement issued on behalf the government refuted the sovereign rating downgrade by Fitch Ratings on multiple counts calling the action was, “reckless”, and said the claims of an increased probability of a debt default in th

Hemas Holdings PLC has announced the appointment of Prabhash Subasinghe to its director board as an Independent Non-Executive Director with effect from January 1, 2022.

Expolanka Holdings PLC is among the four Sri Lankan stocks in iShares MSCI Frontier and Select EM ETF, managed by BlackRock Fund Advisors accounting for over one percent of the fund.

The Tokyo Cement Group recently commissioned operations of the newly expanded capacity at the Tokyo Cement Colombo Port Terminal in a soft opening ceremony.

The Cabinet memorandum to offer concessions on the electricity bills for tourist accommodation providers is expected to be taken up at the Cabinet meeting today. While the memorandum was previously referred to the Cabinet, the possibility of extendin

Ceylinco Life has been voted the ‘Most Popular Service Provider’ in Sri Lanka’s Life Insurance industry in an online survey conducted by LMD to assess satisfaction levels of customers in the backdrop of the COVID-19 pandemic.

The Commercial Bank of Ceylon has retained its long-established status as the highest-ranked bank in the ‘Business Today’ ranking of Sri Lanka’s best-performing companies in 2020-21 and is placed third in the overall ranking this year, which fo

The IPO of software solutions provider hSenid opened on December 3, 2021 and was oversubscribed in a matter of hours, receiving over Rs.9.3 billion worth of applications from 10,602 applicants, for a total subscription of 745,014,900 shares, against

Stressing the strong and deep-rooted ties between the UAE and Sri Lanka, Dubai Vice President, Prime Minister and Ruler Sheikh Mohammed bin Rashid Al Maktoum recently visited the Sri Lankan pavilion at Expo 2020 Dubai along with President Gotabaya Ra

The UK has signed a free trade deal with Australia, which it says will benefit consumers and businesses. It is described as the first post-Brexit deal negotiated from scratch and not “rolled over” from trade terms that the UK enjoyed while in the

Australian authorities yesterday rushed to track down hundreds who attended a Taylor Swift album party in Sydney last week that has become a super-spreading event as cases in the country hit a new pandemic high for the second straight day.

The Colombo Stock Exchange (CSE) announced the following changes in the S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2021 year-end index rebalance.

Sri Lankan shares closed higher yesterday, after two straight sessions of losses, helped by industrials and financials stocks.

REUTERS: The Bank of England (BoE) yesterday became the world’s first major central bank to raise interest rates since the coronavirus pandemic hammered the global economy, and warned inflation was likely to hit 6 percent in April - three times its

While the rest of South Asian economies are on the track for recovery next year, the Asian Development Bank (ADB) in its latest report outlined dampened economic recovery prospects for Sri Lanka, amid the country’s deteriorated external position, m

In what appears to be an attempt to ensure that banks are taking adequate internal controls and safeguards against potential technology risks during their general course of business, the Central Bank recently issued a fresh regulatory framework stipu

Two investment subsidiaries of Carson Group yesterday announced share buybacks at prices significantly higher than existing market prices.

Non-bank primary dealer, First Capital Treasuries PLC, a subsidiary of First Capital Holdings PLC, saw its Initial Public Offering (IPO) being oversubscribed 4.5 times within hours on its opening day and the offering was closed on the same day, as in

Sri Lanka will sign a Memorandum of Understanding (MoU) with Georgia next month for the promotion of tourism, the Tourism Ministry said.

Cargills (Ceylon) PLC yesterday said it infused Rs.1.5 billion to its associate company, Cargills Bank.

The Cabinet of Ministers has cleared a proposal to grant land parcels to selected investors in 15 industrial estates for investment projects worth Rs.4.5 billion under the Regional Industrial Estate Programme.

HSBC Electronic Data Processing Lanka (Pvt) Ltd (HSBC EDPL) is poised to relocate from Rajagiriya to Havelock City’s Grade-A office space, Mireka Tower.

‘English Tea Shop Organic’ (ETS) brand of Amazon Trading Ltd., established in 2010, has been on a transformative journey since implementing a company-wide open book management program in 2015.

Lankan Angel Network (LAN) celebrated a record 2021 in which it helped local entrepreneurs grow to reach larger markets at home and internationally, through a combination of investments and mentorship.

Eng. Raja Edirisuriya assumed duties yesterday as the 22nd Chairman of the Board of Investment (BOI) of Sri Lanka, the apex investment promotion agency for the country.

Sri Lanka’s economy contracted 1.5 percent in the July-September quarter from a year ago, as the recovery set forth in the same period last year was beset by the fresh lockdowns, acute shortage in foreign currency liquidity and soaring prices.

Sri Lanka’s poultry industry leader Ceylon Grain Elevators PLC has decided to increase the prices of its Prima Chicken range to its corporate customers, following a prolonged escalation of raw material prices, due to the forex shortage as well as