In the wake of ongoing economic hardship faced by Sri Lankan consumers, the island’s most preferred telco among youth, Airtel Lanka, issued a statement reiterating its commitment to stand by its customers in difficult times and hold to its promise

Samsung Sri Lanka has announced the highly anticipated pre-order availability of the revolutionary Galaxy Z Fold5 and Z Flip5, marking a new era of innovation and immersive experiences.

Co-Founder and CEO of Inqbaytor, the trailblazing travel technology company, Dr. Harshani Perera, has been honoured with two extraordinary awards, acknowledging her exceptional contributions and leadership in the field of information technology and t

Dialog Enterprise, the leading ICT solution provider in the country, recently announced its collaboration with Kotelawala Defence University (KDU).

Enfection, a trailblazing force in the marketing industry, has announced the launch of its latest brainchild, vAIral.

In the early 2000s, as an eager undergraduate, I vividly recall the captivating stories that echoed through our marketing classes about a visionary entrepreneur, who was on a mission to transform Ceylon tea into a global brand. Little did I know that

In an effort to bring fresh focus to Sri Lanka’s mineral resource industry, the stakeholders of the sector yesterday launched the Chamber of Mineral Exporters (CME) as a collaborative initiative.

Colombo Dockyard PLC was selected as an afloat repair service provider to the Japanese Maritime Self-Defence Forces (JMSDF) at the Colombo Port.

Amana Bank has climbed an impressive 14 positions in the latest ranking index of LMD Brand Finance Top 100 Most Valuable Brands in Sri Lanka. The significant ranking advancement from 81st to 67th position in a period of 1 year is a testament to Aman

DFCC Leasing, the leasing arm of DFCC Bank PLC has taken a bold and innovative step to address the concerns of Sri Lankans in the market for a vehicle with its special leasing promotion, ‘Aduwenakota Aduwena Leasing’ – ‘A lease that gets bett

Acuity Knowledge Partners (Acuity), a leading provider of bespoke research, analytics, staffing and technology solutions to the financial services sector, launched its Capital Markets webinar series in Sri Lanka, inviting the participation of undergr

People’s Bank Nawala Service Centre was ceremoniously declared opened at a new location recently. A ceremony to mark the occasion was attended by People’s Bank Chairman Sujeewa Rajapakse and Acting Chief Executive Officer/ General Manager Clive F

The Sri Lanka Insurance Institute (SLII) has elected Mahendra Wilegoda, Head of Life Operations at HNB Assurance PLC as its 20th President. The appointment was announced during the Annual General Meeting held on the 22nd June, marking a significant m

Lanka Rating Agency (LRA) has announced the appointment of Charana Jayasuriya as its new Chief Executive Officer from 1st August 2023. Prior to his appointment, Jayasuriya was Chief Executive Officer of National Asset Management Limited. He counts o

The Bank of Ceylon celebrated its 84th anniversary at a ceremony held at its Head Office in Colombo 01. The ceremony began with special religious sermons, invoking blessings on the staff and on all customers of the bank. The event held with the patro

Yesterday, early in the morning, WTA Founder and President Graham Cooke and its Business Development Director Mike Sawicki arrived in Sri Lanka. They met with State Minister of Tourism Diana Gamage, Private Secretary to State Minister of Tourism Dr.

The stakeholders of the local mining sector yesterday said the industry is unable to function to its full potential as several unaddressed challenges continue to persist, standing as stumbling blocks in fetching higher foreign revenue. One of the ke

Eyeing a US $ 2 billion annual export income from coconut and coconut-based products, the government plans to launch the second Coconut Triangle in the Northern province, in conjunction with the World Coconut Day that falls on September 2. “Upon a

The Treasury bill yields eased across maturities for the second consecutive time yesterday and the Public Debt Department (PDD) of the Central Bank sold the full Rs.180 million offered. The three-month yields fell by six basis points to 19.90 percent

The Central Bank yesterday set the record straight, stating that the legal tender in Sri Lanka for domestic payments and settlements would remain as Sri Lankan rupees (LKR) and not the Indian rupee (INR). Issuing a statement to the media, the Central

BBC: The US government’s credit rating has been downgraded following concerns over the state of the country’s finances and its debt burden. Fitch, one of three major independent agencies that assess creditworthiness, cut the rating from the top l

Sri Lanka’s lubricant market recorded a slight recovery in the first quarter of this year on a quarter-on-quarter basis, after plunging to a 13-year low in 2022, the lubricant market data released by the Public Utilities Commission of Sri Lanka (PU

Sri Lanka achieved its highest monthly tourist arrivals so far this year in July, attracting over 140,000 international visitors. According to the provisional data released by the Sri Lanka Tourism Development Authority (SLTDA), a total of 143,039 t

Sri Lanka’s trade deficit expanded for the second consecutive month in June on a Year-on-Year YoY basis with imports rising for the second straight month while exports continued to be on a declining trend. The deficit in the trade account expanded

Kicking off the banking sector earnings, Union Bank of Colombo PLC reported notably better performance in the June quarter (2Q23) on the back of substantially lower impairments made against loans along with stringent recovery measures. The bank repo

As Sri Lanka is in dire need to expand its export basket and the markets, the Export Development Board (EDB) is in the midst of formulating a five-year strategic plan. EDB, which celebrated its 44th year in operation yesterday (August 1), said a stra

Chevron Lubricant Lanka PLC, the market leader in Sri Lanka’s lubricant market, saw its earnings declining in the three months to June 20, 2023 (2Q23) amid contraction in the top line and margin deterioration. The company reported earnings of Rs.3.

By Shabiya Ali Ahlam The re-introduction of the Minimum Room Rates (MRR) which was to come into effect yesterday (August 1) will be delayed as industry stakeholders have yet to reach a consensus, Mirror Business learns. Tourism Minister’s decision

Sri Lanka’s real interest rates, which have long been negative, are poised to turn positive with the more noticeable decline in inflation than the decline in interest rates in response to the recent policy rate cuts and the absence of risk premia f