The Cabinet this week cleared the path for Sri Lanka to officially support the global initiative ‘Consign Coal to History’ at the upcoming 26th Conference of the Parties (COP 26) of the United Nations Framework Convention on Climate Change (UNFCC

The Central Bank (CB) Governor’s designation has been elevated to the fifth rank in the new Table of Precedence of the government with a status equal to a Cabinet Minister.

The Initial Public Offering (IPO) of Lanka Credit and Business Finance Limited (LCB Finance), which opened yesterday, was oversubscribed.

In a statement, Dr. Harsha Cabral PC, Chairman of Sri Lanka’s largest cement manufacturer, Tokyo Cement Company (Lanka) PLC yesterday said the company has taken several immediate measures to address the cement shortage in the market.

SLASSCOM, Sri Lanka’s national chamber for the IT/BPM industry, through its Global Trade and Investment Forum, recently launched the Investment Playbook webinar series, kicking off with ‘Chapter 01: Roadmap to Funding Options: What Every CEO Sho

The first-ever Women Friendly Workplace Awards (WFWP Awards) 2021, jointly pioneered by Satynmag.com and CIMA Sri Lanka, will be held on November 2, 2021, with COVID-19 protocols strictly observed.

Global Entrepreneurship Monitor (GEM) is a UK-based entrepreneurship research network with objectives to conduct national surveys in order to thoroughly identify the entrepreneurship ecosystem in the country.

Port City Colombo, the largest and most ambitious development project ever undertaken in Sri Lanka, with an initial investment of US $ 1.4 billion,

Pushing back on the claims that the recent bout of inflation is caused by the unprecedented liquidity injections made into the system, the Central Bank said it had recognised the need to shrink its treasury bill holdings in a methodical manner, witho

The board of directors of the third airline operator in Sri Lanka, Fly Lankan Asia Limited, has unanimously chosen Dr. Arosha Fernando,for the post of Chief Executive Officer (CEO) of the company.

The vehicle import ban, which has been in effect since March last year, is expected to remain in place at least in part in the near term, although there are expectations that some mechanism would be created to relax the controls by the government, co

Tourism Minister Prasanna Ranatunga has instructed the authorities to expedite the implementation of a special promotion programme targeting five major countries to attract more tourists to Sri Lanka.

Vallibel Finance PLC delivered a yet another robust financial performance for the three months to September 2021, as the licensed finance company continued to defy the pandemic-induced pressures and the prolonged ban on vehicle imports as loans grew

Oil prices climbed yesterday, extending pre-weekend gains to hit multi-year highs as global supply remained tight amid solid fuel demand in the United States and elsewhere in the world as economies pick up from coronavirus pandemic-induced slumps.

The spread between Sri Lanka’s market lending and deposit rates had already been widening in the run-up to August, a trend which only got more pronounced from the rate hike in the latter part of that month, sending the lending rates higher much fas

JAT Holdings PLC recently announced the appointment of Gaurav Jain as the company’s new Director International Business Development.

Teejay Lanka PLC has announced the appointment of Masaru Okutomi, Chairman and CEO of Pacific Textile Holdings Limited of Hong Kong, as a Non-Executive Director of the company, with immediate effect.

Bespoke luxury fashion brand Kelly Felder yesterday announced that it would become the first major brand in the country to accept crypto currency through the 10-year-old, leading blockchain payment provider BitPay. “As the digital age evolves, we

Magicbit, an easy-to-use STEM education platform, announced that it has raised US $ 120,000 in its pre-seed financing round led by Sri Lanka’s Angel Fund.

Sri Lanka’s Board Of Investment (BOI) is confident of surpassing US$1 billion mark in foreign direct investment (FDI) quite comfortably in 2022 with large inflows of several big-ticket projects—excluding Colombo Port City—are in the pipeline to

While some have welcomed the recent removal of price controls on selected essential goods in an attempt to address supply shortages, a top economist pointed out that low income earners are impacted disproportionately by the price adjustments as the g

State borrowings from the Central Bank and commercial banks rose substantially during August, notwithstanding the easing from a month earlier caused due to the billion-dollar bond repayment in July.

Although outstanding credit balances advanced only a little in August, robust demand prevailed for private sector credit, which also encompassed the spending made via credit cards, the data showed.

CIC Holdings PLC maintained the momentum it gained during the pandemic, as the diversified conglomerate delivered strong revenues and profits across its multiple business units in the three months ended in September 2021 (2Q22).

The upcoming mega Port City Colombo project, Sri Lanka’s first multi-services special economic zone (SEZ), will bring significant positive effects to the economy, where the new legislation and the implementation of the proposed plans will bring ove

Symbolising its role as the National ICT Solutions Provider and committed to lead Sri Lanka towards the next phase of its digital revolution, SLT-Mobitel laid the foundation stone for Mobitel’s technologically advanced new headquarters building in

Making Global Goals Local Business (MGGLB) Sri Lanka hosted by Global Compact Network Sri Lanka will be held virtually this week (October 27th and 28), bringing together the largest and most diverse line-up of speakers over ten sessions.

Jason Avanceña appointed Managing Director of Nestlé Lanka PLC effective October 1, and will lead Nestlé’s operations in Sri Lanka and the Maldives. He takes over from former Managing Director, Fabrice Cavallin, who moved to Switzerland as par

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