National Development Bank PLC yesterday announced the appointment of Hasitha Premaratne to its board as an Independent Non-Executive Director with effect from June 15, 2023.

Blue Diamonds Jewellery Worldwide PLC (BDJW) has successfully got its trading suspension lifted after displaying positive revenue growth and reducing losses for the nine-month period ending on 31 December 2022. The company’s shares commenced tradin

Engineered for the future, the Tri-Zen apartments, located in the heart of Colombo in Union Place, Colombo 2, announced the successful sale of 75 percent of its inventory to date, as the much-anticipated project nears completion by the end of 2023.

Lenovo, the global technology leader, yesterday announced its leadership in the Sri Lanka PC industry, with 28.7 percent market share, based on the shipments in CY 1Q23 (January-March).

The SLASSCOM Ingenuity Awards, celebrating the creativity and ingenuity of various individuals and organisations across different sectors, providin

Colombo’s newest most sought-after address is here, with the opening of 43 By The Sea, Marine Drive. More than an average city apartment, this is Prime Group’s most recent venture into curating luxury apartment homes that give Colombo dwellers b

While renewing calls for an equitable and fair pricing mechanism, Sri Lanka Chamber of Pharmaceutical Industry (SLCPI) yesterday said the industry stands ready to reduce prices of pharmaceuticals upto 13 percent in line with the recent rupee appreci

CIOB President Dr. Rohan Karunaratne thanked President Ranil Wickremesinghe for taking steps for the rapid recovery of the country and construction industry, while presenting the CIOB’s ‘Road Map for Construction Industry 2023/2024’ to discuss

Uga Chena Huts, an esteemed property under the renowned Uga hospitality group recently announced its remarkable achievement as the recipient of the prestigious Best of the Best Trip Advisor Award 2023.

SriLankan Aviation College, the training arm of SriLankan Airlines, has spread its wings to the North and the East of Sri Lanka by partnering with British College of Applied Studies (BCAS) to provide students in the region a pathway to internationall

ITC Ratnadipa, Colombo yesterday announced the appointment of Sujeet Kumar, as the General Manager. With over three decades of experience as a skilled hospitality professional with international brands comprising ITC Hotels, Marriott International /

Browns Group hotel companies, Eden Resorts PLC and Palm Garden Hotels PLC are gearing to collectively to raise fresh capital to the tune of about Rs.28.2 billion via rights issues to rectify serious capital losses at the two companies.

French President Emmanuel Macron has extended a formal invitation to Sri Lankan President Ranil Wickremesinghe to participate in the highly anticipated Global Leaders’ Summit for a New Global Financing Pact.

Fitch Ratings (Fitch) affirmed Bank of Ceylon’s (BOC) Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘CC’, on June 13, 2023.

Responding to a national need, Amãna Bank recently adopted a 1990 Suwa Seriya Ambulance as part of its commitment to support the people of Sri Lanka, which resonates with the bank’s people-friendly banking model.

BBC: Prices for eggs, petrol and furniture dropped in the US last month, helping to slash inflation to less than half of its peak a year ago. Inflation, the rate at which prices rise, was 4 percent over the 12 months to the end of May, the Labor Depa

Muditha Dhammika Silva, a professional with an illustrious career spanning over 25 years in the banking, financial services, and also in sales and marketing sectors, has been awarded an esteemed fellowship by the Chartered Institute of Marketing (CIM

CNN: Global oil demand is projected to peak in the next few years even as some major energy companies announce plans to reinvigorate their fossil fuel businesses. The world’s appetite for oil is still rising, the International Energy Agency (IEA)

Responding to the speculation that the ban on vehicle imports may be lifted, the government asserted that an in-depth study is required before lifting any restrictions slapped on vehicle imports, given the fact that the rupee has appreciated by only

Lanka Special Steels Limited (Lanka SSL), a subsidiary of E.B. Creasy & Co. PLC and the market leader in galvanised steel (GI) wire, this week launched the operations of its state-of-the-art manufacturing facility located in Lanka Industrial Estate i

The Treasury bill yields continue their decline this week, after a substantial plunge last week, following a 250-basis-point policy rate cut by the Central Bank. At yesterday’s bill auction, the Public Debt Department (PDD) of the Central Bank rais

In line with NDB’s strategic objectives as a responsible corporate citizen, the bank has made a conscious effort to advocate for sustainable development, significantly those that serve for the betterment of the country, including long term initiati

“You need to nurture a thriving analytics ecosystem in Sri Lanka,” said Institute of Analytics Director of Education Dr. Clair Walsh, the visionary behind the institute. She revealed this at the official launch of the Institute of Analytics UK, h

For the first time in 20 years, child labour is on the rise, the International Labour Organisation (ILO) shared.

The government has decided to extend capital controls by further six months limiting the movement of foreign currency out of the country in order to continue to re-build the country’s foreign...

The Cabinet green-light has been granted to implement 25 proposals mooted by the Ministerial Sub-Committee on Tourism for tourism promotion.

The government has decided to repeal colonial-era Bread Ordinance No. 13 of 1864 and to introduce provisions under the Consumer Affairs Authority (CAA) Act to regulate Sri Lanka’s bread sales.

US Treasury Secretary Janet Yellen is set to ask Congress to lend more money to developing countries to counter China’s growing influence, according to a copy of her prepared remarks viewed....

Hemas yesterday announced the acquisition of 24.9 percent stake of Atlas Axillia Company (Private) Ltd, for a total consideration of Rs.3.4 billion. With this strategic move...

The newly approved consolidated welfare scheme, ‘Aswesuma’ will be rolled out from next month where 2 million families across the island will receive relief from the ongoing economic crisis, the Ministry of Finance....