The special resolution to delist Nestlé Lanka PLC’s ordinary voting shares from the Colombo Stock Exchange was approved by the Nestlé Lanka PLC shareholders at the Extraordinary General Meeting held on June 30, 2023, with over 75 percent of share

In an exclusive interview with HNB FINANCE’s Managing Director and Chief Executive Officer Chaminda Prabhath, we delve into the company’s remarkable ability to overcome challenges and drive growth in the Sri Lankan financial sector. Despite navig

According to the latest figures published by the Finance Ministry, the present administration continues to borrow more money, both domestic and foreign funds and thus increasing the overall debt stock. The total public debt is around US $ 92 billion

Given the anticipated shortfall in state revenue from the targeted levels, a former Central Banker casted doubts on the narrow scope in the proposed Domestic Debt Optimisation (DDO) strategy providing sufficient leeway for the government to get the f

US $ 500mn of loan will come as budget support and balance US $ 200mn to support social protection

The Monetary Board of the Central Bank has brought forward the fifth monetary policy announcement for this year to July 06, from July 13.

CNN: National Geographic, the iconic yellow framed magazine that has chronicled the natural world for more than 100 years, laid off its last remaining staff writers this week, multiple departing staffers said.

Renewable power producer Vidullanka PLC is planning to invest in a joint venture (JV) to develop a 50MW solar power plant in Malawi.

BBC: US economic growth was stronger than previously reported at the start of the year - news that could help bolster the case for higher interest rates in the world’s largest economy.

Dialog Enterprise, the corporate ICT solution arm of Dialog Axiata PLC, announced it has become a VMware Sovereign Cloud Provider in South Asia.

Sri Lanka’s trade deficit expanded for the first time since February 2022 to US $ 447 million in May, compared to US $ 403 million recorded in May 2022, the data released by the Central Bank showed.

Issuing a statement, Laugfs Gas yesterday assured uninterrupted supply of cooking gas amid speculation regarding a potential gas shortage.

Central Bank Governor Dr. Nandalal Weerasinghe this week emphasised the need for a coordinated effort between importers and exporters to generate more foreign exchange for the country and maintain a positive trade balance.

President Ranil Wickremesinghe is set to consider the proposal to establish a special tax court to collect unpaid taxes from tax evaders expeditiously, instead of exhausting years in court proceedings.

The Export Development Board (EDB) said Sri Lanka would be revising down the year-end export targets, amid the modest export performance of the first five months of the year.

AFP: The European Union (EU) yesterday took its first significant step towards launching a digital version of the euro, a controversial project that has been questioned by politicians and banks.

The Sri Lanka Banks’ Association (SLBA) has welcomed the assurance by Central Bank Governor Dr. Nandalal Weerasinghe that the financial sector stability will be maintained and the clarifications provided by the governor on the relevant process in t

Building on AIA Insurance’s upward trajectory and its market position as the Best Life Insurance Company in Sri Lanka, the company has decided to take its ambitions to the next level by expanding its distribution footprint in Sri Lanka.

People’s Bank recently opened its newest service centre in Ella Town.

Dushayanta Basnayake assumed duties as the new chairman of Sri Lanka Savings Bank yesterday.

Hayleys Aventura hosted their Brand Conclave recently bringing together some of the world’s most reputed industrial brands and their top management, to interact and share insights on their world-class product innovations, all under one roof. Hyster

IronOne Technologies LLC attended the AsiaBerlin Summit 2023, which was held from 12th-16th June in Berlin, Germany. The summit, now in its 25th year, took place at the historic Rotes Rathaus, Berlin’s Town Hall, and attracted over 1100 attendees

The Commercial Bank of Ceylon was recently adjudged the ‘Best Bank for Digital Solutions in Sri Lanka’ in 2023 by the UK-based Asiamoney Magazine, reaffirming the bank’s position as a leader in digital innovation in the country.

Samsung Electronics, the global leader in technology and innovation ranked Sri Lanka’s Most Loved Home Appliance brand by the world’s leading brand valuation consultancy – Brand Finance. Published in the LMD Brands Annual 2023, this prestigious

The Cabinet nod has been granted for Sri Lanka to formally apply for the membership in the Regional Comprehensive Economic Partnership (RCEP) trade bloc.

The tourism stakeholders will be able to make more informed decisions going forward, as efforts are underway to launch a dashboard that will provide timely statistics on performance.

The Sri Lanka Export Development Board (EDB) yesterday said the 25th Presidential Export Awards (PEA) ceremony will be held...

Both PickMe and the BMICH managements have decided to make a seamless process for customer pick-ups and drop offs at the BMICH....

Backed by 40 years of trust, technical expertise and an impeccable reputation for after-sales service, David Pieris Group has entered....