Ayodhya Iddawela Perera officially took the reins as the eighth Managing Director of Sampath Bank PLC, on July 1, 2023.

The Securities and Exchange Commission of Sri Lanka (SEC) yesterday announced the appointment of Tushara Jayaratne as Deputy Director General of the SEC.

Sri Lanka yesterday saw the launch of two energy sector publications, supported by the Asian Development Bank (ADB), which maps the journey of the local electricity supply industry.

The Cabinet of Ministers this week approved a resolution allowing President Ranil Wickremesinghe to prepare an appropriate time frame to reactivate talks pertaining to the Light Railway Transit (LRT) project, which was suspended in 2020.

Equities broker NDB Securities expects that the Monetary Board of the Central Bank will announce a 250-300-basis-point policy rate cut, today.

The Central Bank yesterday extended the suspension on controversial primary dealer Perpetual Treasuries Limited by another six months. The Central Bank first suspended the business of Perpetual Treasuries on July 6, 2017 and since then, the suspensio

Much-awaited TAAI Convention 2023, hosted by the Travel Agents Association of India (TAAI), in collaboration with the Sri Lanka Tourism Promotion Bureau and Sri Lanka Association of Inbound Tour Operators (SLAITO), will kick off with a grand opening

The ASPI closed in green as a result of price gains in counters such as Hayleys, Richard Pieris & Company and John Keells Holdings with the turnover crossing Rs 4.9 Bn. Similar behaviour was witnessed in the S&P SL20. High net worth and institutional

Each month, an estimated 82,000 Barista cups are consumed and the coffee cup lid accounts for 410 kg of plastic, generating a significant waste footprint. As a solution to this problem, Barista introduces the revolutionary eco-friendly, compostable c

The Public Relations industry in Sri Lanka celebrates a significant milestone with the Public Relations Association of Sri Lanka (PRASL) being incorporated and duly recognized by the Registrar of Companies on 22nd June 2023 with the approval of the M

The Lankan Angel Network (LAN), the country’s largest network of angel investors, recently held an Investors Night, where members and other potential investors were updated on what’s happening locally, and globally, in the startup ecosystem.

DFCC Leasing, a unit of DFCC Bank PLC, and Ideal Motors, the Sole Authorised Dealer for Mahindra automotive products in Sri Lanka, recently announced a landmark partnership to enable customers to enjoy exclusive leasing promotions aimed at delivering

Stafford Motors, Sri Lanka’s sole authorised distributor for The Honda Motor Corporation of Japan, is conducting a nationwide inspection campaign for Honda motorcycles.

Interocean Lubricants Pvt Ltd recently introduced a new range of SINOPEC motorcycle lubricants to Sri Lanka. This cutting-edge technology lubricant, Sinopec is to revolutionize the riding experience for motorcycle enthusiasts across Sri Lanka. Import

McLarens Lubricants, a leading player in the Sri Lankan lubricant industry, announced its partnership with top dealers in Sri Lanka to unveil the groundbreaking McMart concept - an exclusive Oil Mart chain.

LOLC General Insurance (LOLC GI) has announced a strategic tie-up with Stafford Motor Company (Stafford Motors), the sole agent for Honda vehicles in Sri Lanka. The two companies signed a memorandum of understanding (MOU) recently, to formalize their

Associated Motorways (AMW), the exclusive distributor of Castrol lubricants in Sri Lanka, hosted its first-ever Excellence Awards for Castrol Distributors, felicitating dealers and introducing the new game-changing ‘CRB Multi’ oil for diesel vehi

MiHCM, a leading provider of human capital management (HCM) solutions, announced the appointment of Pubudini Abeyesekera as General Manager of Business Operations for Sri Lanka& Maldives. In this role, Pubudini will be responsible for leading the com

The Colombo Stock Exchange (CSE) has facilitated the adoption of two ambulances for the 1990 Suwa Seriya Foundation.

Foreign Minister Ali Sabry who recently visited China said he held talks with Sinopec and it expressed keen interest in setting up an oil refinery in Sri Lanka.

SC Securities yesterday said its client Phantom Investments Private Limited, the investment arm of businessman and electronic media owner Rayynor Silva, has acquired 10 percent stake...

The Colombo bourse soared to a 10-month high yesterday, recording a remarkable 6.71 percent increase and surpassing the significant milestone of 10,000-point mark. This surge in stock prices....

The Travel Agents Association of India (TAAI), the largest tourism organisation in India, returns to Sri Lanka after 18 years with airline partner SriLankan Airlines for their 67th Convention, set to take place...

May’s supplier inflation has shown an unexpected decline, both on an annual and monthly basis, reaching more favourable levels. However, despite...

Fitch Ratings yesterday said the government’s Domestic Debt Optimisation (DDO) plan is a significant step towards resolving uncertainty regarding the country’s banking sector, but stressed....

Japan has revised its Development Cooperation Charter for the first time in eight years since 2015, making Japanese assistance for recipient countries linked with steps taken for human security, co-creation...

Indices closed in green as a result of price gains in counters such as Commercial Bank, Sampath Bank and Hatton National Bank with the turnover crossing Rs. 7.2 bn. High net worth...

An official delegation from Israel met the senior Export Development Board (EDB) officials recently and had a fruitful discussion to explore avenues to promote trade and economic cooperation....

National Development Bank PLC (NDB) was felicitated as the Winner of the Banking Sector as well as the Winner in Excellence in Capacity Building and Runner-Up in the Excellence in Corporate Governance....

The National Industry Week concluded successfully, with the Industry 2023 National Industry Exhibition, marking the beginning of a new era in the industry revolution. Under the leadership...