As Sri Lanka strives to get its ducks in a row to meet the targets set by the International Monetary Fund (IMF) for the upcoming review in September, sovereign debt restructuring veteran Lee. C. Buchheit said the authorities could consider debt for n

Construction work to begin before end of this year

Sri Lanka has launched a ‘Capital Market Club’ programme at the school level to enhance financial literacy among the country’s students. Preside

Sinopec Lanka, a subsidiary of China Petroleum & Chemical Corporation (Sinopec), has officially commenced business operati

AFP: India’s Adani Group hit back yesterday at a new report investigating alleged manipulation of the conglomerate’s share prices, accusing its authors of conspiring to drive down its stocks for profit. The globe-spanning ports-to-power conglomer

AFP: China’s Baidu has rolled out its ChatGPT rival ERNIE Bot to the public, in a major leap for the country’s tech sector as it aims to cash in on the artificial intelligence gold rush. The Chinese g

Inflation in Colombo has continued its decline through August compared to the previous year, providing much-needed relief to both individuals and businesses. However, the persistent high cost of living is still straining household budgets, as incomes

While Sri Lanka’s construction sector experienced a contraction in activities during July, the industry maintains a positive outlo

Häfele, a renowned global leader in interior solutions with a legacy spanning over a century, inaugurated its state-of-the-art Design Centre in Kandy, marking a significant milestone in its commitment to delivering unparalleled interior innovations

Vonlan Constructions Private Limited, a leading company in the construction industry in Sri Lanka, was honoured with the Excellence Award in the 150-450 million project category at the National Construction Excellence Awards. The award ceremony was

Samson Rajarata Tiles, Sri Lanka’s number 1 natural roofing and flooring tiles, celebrates a remarkable journey of two decades in operation inclusive of innovation, quality, and sustainability. Samson Rajarata Tiles is a fully owned subsidiary of

Catering to the increasing demand for urban living, HNB PLC, renewed its long standing partnership with property developer and real estate leader Homelands Skyline, to offer prospective homeowners a range of advantages and preferential rates. Custom

On 28 August this year, the Edith Cowan University Sri Lanka (with its local partner ACBT), opened its doors to the public unveiling seven floors of modern, elegant and functional interiors, carefully planned and designed to bring out the best in tho

Rohana Construction, a leading company in the construction industry in Sri Lanka, was honoured with the Excellence Award in the Rs. 20-40 million project category at the National Construction Excellence Awards. The award ceremony was held at the Con

Remittances from migrant workers overseas are a vital lifeline for Sri Lanka’s economy. As one of the trusted banks for Sri Lankans overseas, Pan Asia Bank’s remittance service also offers Sri Lankan workers abroad a legitimate, safe and hassle-f

In a significant move towards enhancing network security, improving connectivity, and ensuring business continuity, AcSys Networks has implemented a comprehensive suite of solutions for LCB Finance PLC. This project aims to bolster the capabilities

LOLC Life and General Insurance, two of Sri Lanka’s leading insurance solutions providers, are excited to announce the launch of their ground-breaking digital solution, ‘LOLC Insurance OneClick’, empowering all Sri Lankans and their loved ones.

The Bank of Ceylon once again was recognized as one of the “Top 10 Most Admired Companies in Sri Lanka for 2022” at the event organized by CIMA (Chartered Institute of Management Accountants), AICPA (American Institute of Certified Public Account

DFCC Bank took a significant step towards empowering migrant workers recently by launching its new Financial Literacy guide titled, “Is this Every Sri Lankan Migrant Worker’s Story?” (Rata Yana Api Hamogema Kathawada Meh?). The launch, spearhe

CNN: The next iPhone could be just weeks away. Apple announced its fall special event on Tuesday, sending out press invites for the morning of September 12. Invitees will get to attend in-person at the Steve Jobs Theatre inside Apple Park, the compan

By the end of July, the licensed commercial banks were charging in the north of 20 percent for their loans, specially to the small businesses, notwithstanding the policy rate cuts amounting to 450 basis points by the Monetary Board of the Central Ban

People were seen going to state banks yesterday to obtain their ‘Aswasuma’ welfare benefits. Despite August 30 being a Poya holiday, all state banks remained open to facilitate these payments. Finance State Minister Ranjith Siyambalapitiya said

The sixth round of Sri Lanka-Thailand Free Trade Agreement (SLTFTA) negotiations was held in Bangkok, Thailand, from August 21-23. The negotiations were co-chaired by Trade Negotiations Department Director General and Chief Negotiator of Thailand Aur

The top officials of China’s Sinopec Group, including International Corp Department Deputy Managing Director Zaire Tiezhu, Director Commissioning and Start-Up Management Professor Zhao Tiezhu and other officials met with Sri Lanka’s Board of Inve

People’s Bank yesterday announced the results for the six-month period ended on June 30, 2023, reporting a total consolidated operating income and pre-tax profit amounting to Rs.48.2 billion and Rs.9.4 billion, respectively (1H -2022: Rs.80.7 billi

President Ranil Wickremesinghe this week indicated the need for a reassessment of the Sustainable Development Goals (SDGs) in light of the economic headwinds faced by both major and small economies and climate change. Addressing a forum themed ‘Sr

Power and Energy Ministry yesterday presented the investment opportunities available in Sri Lanka’s power and energy sector to energy....

The government has begun the first phase of payments to 1.5 million families under the Aswesuma welfare scheme. A total of Rs. 4.395 billion....

The Cabinet of Ministers has decided to purchase LP gas for Litro Gas Lanka Company under the existing contract with the current supplier....

Japanese motor industry giant Toyota has suspended operations at all of its assembly plants in its home country due to a glitch in its production system. The move has brought domestic production....