Scybers Inc, the global cybersecurity firm, announced the addition of Sunimal Weerasooriya, a highly experienced financial services technology professional

Dialog Enterprise, the corporate ICT solutions arm of Dialog Axiata PLC, in a unique partnership with Irisity, the global leader in artificial intelligence video analytics

Sri Lanka formed an action committee comprising of key ministry secretaries to implement strategies aimed at re-employing the individuals impacted by the economic crisis, the President’s Media Division (PMD) said in a statement.

A timely new initiative by the Commercial Bank of Ceylon to build a digital ecosystem to help Sri Lankan businesses reach international markets is witnessing encouraging traction, with more than 5,000 members onboarded in just three months. In this i

People’s Bank recently made yet another innovative enhancement in its services offering by launching an ‘Export Hub’ concept to support SME sector exporters.

AIA Insurance announced its ISO 14064 -1:2018 Greenhouse Gas Emissions certification, in yet another manifestation of its commitment to helping people live healthier, longer, better lives. This is a globally respected certification that recognizes t

Union Assurance announced its recognition as one of the ‘Top 100 Most Valuable Consumer Brands in Sri Lanka’ for the 15th consecutive year. This esteemed accolade was bestowed by LMD in partnership with Brand Finance, a global brand valuation con

Visa announced it has entered into a collaboration with SAP to streamline and simplify business-to-business (B2B) payments for enterprises, from businesses small to big, to government agencies and non-profit organisations. The collaboration, led out

Phoenix Industries announced the opening of its newest branch in Battaramulla. This expansion aims to provide easier access to Phoenix’s diverse range of products for customers residing in Colombo, Battaramulla, Malabe, Pelawatta, and Thalawathugod

Flexiprint Private Limited, a leader in the packaging industry of Sri Lanka, bagged the Merit Award in the Printing and Related Services Sector at the National Business Excellence Awards 2022 organised by the Ceylon Chamber of Commerce (CCC). Flexip

C. W. Mackie PLC, one of Sri Lanka’s leading and longest-standing diversified conglomerates, published its integrated annual report for the 22/23 financial year, highlighting the Company’s resilience during a period defined by unprecedented chall

Ocean Lanka (Pvt) Ltd, the joint venture between Fountain Set (Holdings) Limited, Brandix Lanka Limited, and Hirdaramani Group, inaugurated its new office premises recently. The momentous occasion was celebrated with a grand ceremony, symbolizing a

With a population of 1.4 billion and among the fastest growing economies in the world, Sri Lanka is in a vantage position to benefit and learn from the world’s sixth largest economy. Within India, Sri Lanka should further strengthen its strategic r

DFCC Bank PLC this week announced its accreditation by the Green Climate Fund (GCF), making it the first Sri Lankan entity to achieve this significant milestone. This accreditation empowers DFCC Bank to access concessionary funding for projects with

The board of the Indian CEO Forum-Sri Lanka (ICF) recently met Tata Sons Chairman Natarajan Chandrasekaran, who was on a visit to Sri Lanka. The ICF had an interactive meeting with Chandrasekaran and highlighted on the positive environment opportunit

Eight Sri Lankan business conglomerates have signed agreements to pursue commercial mediation to settle disputes as opposed to always using litigation, a move that will help make the Sri Lankan judicial system more efficient and effective by reducing

Shifting to a more productive and outward-looking economy

The European Commission has proposed a four-year extension to the current GSP+ scheme, until December 31, 2027, so that countries such as Sri Lanka do not lose their preferential access in the interim.

Sri Lanka has signed financing agreements to secure a grant of EUR 9.8 million from the World Bank, European Union (EU) and Française de Développement (AFD) to strengthen the country’s management of public finances. The grant aims to support impr

For the second consecutive week, yields increased at the weekly bill auction, indicating tight liquidity in the system and a preference among investors for bonds, which continue to offer relatively higher yields for longer tenures. This trend comes

Financial assets are unlikely to come under the proposed wealth tax, which is set to come into effect in 2025, due to practical difficulties and complex nature in administration and tax collection, according to a top tax expert.

Sri Lanka’s tea production for the month of June grew by 13.4 percent Year-on-Year (YoY) to 22.9 MnKgs, contributing to the marginal...

India’s HCL Technologies (HCL), a leading global technology company, which already has a strong presence in Sri Lanka, is exploring....

Cabinet green light has been granted to draft a bill amending the Inland Revenue Act to revise income tax rates levied on the interest income earned from Treasury bonds by superannuation funds, if the fund holders disagree with the domestic debt opti

Sri Lanka’s industrial heft took a surprising dive in May reflecting weaknesses in the apparel sector, which has been going through a bad patch due to softening global demand in response to inflation and higher...

The Sri Lanka Tourism Promotion Bureau (SLTPB), in collaboration with Airport and Aviation Services, organised a special ceremony to celebrate 100,000 tourist arrivals from the Russian Federation through...

Sri Lanka’s manufacturing activities continued to underperform in the month of June while services activities recorded a healthy performance. Manufacturing PMI recorded...

Undervalued stocks on the back of a recovering economy, backed by critical reforms, present investors with a rare investment opportunity to come into the market, according to Colombo Stock Exchange...

The Cabinet nod has been granted to extend the Embarkation Levy exemption for Jaffna International Airport by six months. Minister of Ports, Shipping....