Softlogic Finance PLC, a subsidiary of Softlogic Capital PLC, yesterday announced the appointment of Ivon Brohier as its Chief Executive Officer (CEO), with effect from March 27, 2023.

Hunas Holdings PLC yesterday said its fully- owned subsidiary Hunas Falls Hotels Private Limited has entered into an agreement with Azotels Services Limited, for the purpose of development and management of Hunas Falls Hotel.

US bank First Citizens said yesterday it has agreed to purchase much of Silicon Valley Bank (SVB), whose collapse this month sparked global fears about the sector.

The United States will likely enter a recession in 2023 and face high inflation well into 2024, a majority of economists predicted in their response to a semi-annual survey.

Four of Sri Lanka’s leading young corporate leaders will meet with peers to share insights on how they are navigating the economic crisis to create business success, going into the new financial year.

A high level Japanese delegation led by Kanako Nozawa, Former Minister of State for Vitalizing the local economy in Japan and Takayuki Hirose,

The 21st Annual General Meeting of the Sri Lanka – China Business Council of the Ceylon Chamber of Commerce was held recently at Cinnamon Grand, Colombo.

With the aim of ensuring a smooth continuation of the International Monetary Fund (IMF) programme by averting possible hiccups leading to suspension of the programme, the government is contemplating on setting up an Irish-style implementation unit wi

The newly appointed chief of capital market regulator, the Securities and Exchange Commission (SEC) called on stakeholders to embrace....

China said it would “firmly oppose” any forced sale of TikTok, in its first direct response to demands by the Biden administration that the app’s Chinese owners sell their share of the company or face a ban in its most important market.

Twitter’s free blue “verified” checkmarks for notable users may finally be coming to an end. Ever since Elon Musk took control of the company in October, he’s been threatening to remove the “legacy” checkmarks that confirmed the identitie

During his recent visit to Sri Lanka, Chairman Indian Oil Corporation Limited (IOC) Shrikant Madhav Vaidya donated 500 indoor solar cooking systems called ‘Surya Nutan’ to the Government of Sri Lanka through Lanka IOC.

The market lending rates followed the Treasury yields last week to fall sharply from their previous week levels as investors turned.....

Foreigners sharply increased their holdings in rupee bills and bonds in the few weeks up to the approval of the deal with the International ....

Asian gasoil stocks have risen sharply in recent weeks as regional refiners are stuck exporting to markets east of the Suez....

Sri Lanka Agripreneurs’ Forum (SLAF) in collaboration with Hatton National Bank and MBA Alumni Association of the University of Colombo....

US Ambassador to Sri Lanka Julie Chung met with the leadership of Sysco LABS Sri Lanka and toured its Colombo HQ. Sysco LABS...

Harsha Abeywickrama has recently taken over as the new Chief Executive Officer (CEO) of Sadaharitha Plantations Ltd, the flagship....

The BMICH, Sri Lanka’s iconic landmark, organised a special programme for its lady staff members to celebrate the International Women’s....

Velox Partners, a tech-based legal process outsourcing (LPO) firm, expanded its presence into Colombo, to augment its existing law firm. Velox....

Sri Lanka’s export sector saw the earnings cross the US $ 1 billion mark for the year 2023, with the month of February fetching a revenue of US $ 1.0052 billion for merchandise exports.

Sri Lanka has kicked off negotiations with India for a fresh US $ 1 billion equivalent Indian rupee (INR) currency swap facility to facilitate bilateral trade.

Sri Lanka will use part of the recently received bailout package from the International Monetary Fund (IMF) to pay back its loan from India, the Finance Ministry said.

Sri Lanka’s premier build and architecture trade show Kedella Construction Expo 2023 kicked off in Colombo yesterday.

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, was recognised at the prestigious e-Swabhimani Awards 2021, for its outstanding digital inclusion and community investment initiatives, including Sayuru, Yeheli and Saru for their contri

Raising prices could drive up the cost of living even further and would hurt the least well-off most, the Bank of England governor has warned firms.

The Colombo Tea Auction saw 5.2 MnKg come under the hammer this week, which was met with good demand, particularly for the teas at the lower end of the market (the tea for price category).

IAS Holdings (Private) Limited Group Managing Director Tania Polonnowita Wettimuny is among the 15 women founders selected to take part in the EY Entrepreneurial Winning Women Asia-Pacific class of 2023.

The Government of Japan has provided US$ 1.6 million to UN Women in support of humanitarian assistance for women mostly affected by the socio-economic crisis in Sri Lanka. The funding is part of a new project ‘Empowering women in crisis’, runnin

Secretary to India’s Ministry of Petroleum and Natural Gas Pankaj Jain and IndianOil Corporation Ltd. Chairman Shirkant Madhav Vaidya are expected to arrive in Sri Lanka today for a brief visit, Mirror Business learns.