The Planters’ Association of Ceylon (PA) yesterday said that the Regional Plantation Companies (RPCs) have raised the festival advances for their workers, with the increase beginning ahead of this year’s Deepavali holiday.

Inflation in Sri Lanka’s Colombo district fell further in October, marking the third consecutive month of easing, with both food and non-food prices declining amid the improved supply conditions and reduced administrative costs, according to the da

The Asia Foundation, in collaboration with Google Corporation, launched a US $ 15 million fund this week, to support the cybersecurity resilience of 13,000 micro, small and medium enterprises (MSMEs) across Sri Lanka.

Sri Lanka’s tourism sector is set to get a boost from the Russian tourists this winter season, with the commencement of six direct flights per week between various Russian cities and Mattala Rajapaksa International Airport (MRIA) from this week.

Sri Lanka’s construction sector reported a contraction in September, reflecting a slowdown in the activities, influenced by the election-related disruptions, the data from the Purchasing Managers’ Index (PMI) showed on Monday.

The ASPI closed in green as a result of price gains in counters such as Melstacorp, National Development Bank and Central Finance Company with the turnover crossing Rs. 7.0 Bn. A

The secondary market witnessed very thin trading volumes and low investor activity during the day, continuing from the previous session.

In line with Allianz’s role as the official insurance partner for the Olympics and Paralympics, Allianz Insurance Lanka Limited has provided medical insurance to Sri Lanka’s past and present National Olympians.

The LNG (liquefied natural gas) dual-fuel RORO vessel Glovis Selene made its maiden call at the Hambantota International Port (HIP) last week, unloading 627 CEUs (Car Equivalent Units) and loading 934 CEUs bound for the Persian Gulf.

Janashakthi Life celebrated the outstanding achievements of its top performers by hosting an awards ceremony in Thailand this year.

CFA Society Sri Lanka, in collaboration with Acuity Knowledge Partners introduced a specialized half-day course titled “ESG Essentials: Governance and Reporting for Sustainable Success.”

AIA Insurance announced the launch of AIA SaveSmart, the smartest and highly customisable life insurance plan designed to meet the diverse financial needs of Sri Lankans at every stage of life.

HNB PLC organized a ceremony recently to felicitate their employees who completed 25 years of service in the Bank.

DFCC Bank has unveiled its cutting-edge ‘MySpace’ digital self-banking centre in Dickoya, a unique initiative that underscores its dedication to financial inclusion and the expansion of digital self-banking services to rural communities.

People’s Bank recently declared open aservice centre at the new building of the District Secretariat Office, Gampaha.

Martin Bauer Hayleys (Private) Limited has successfully strengthened its energy independence through a landmark collaboration with Hayleys Solar to install a 1273-Kilowatt peak (kWp) grid-tied solar photovoltaic (PV) system at their tea extract facil

SLASSCOM’s AI Asia Summit 2024, powered by Deloitte, will make its much-anticipated return on November 5th, as the premier event uniting AI enthusiasts, innovators, and business leaders from across Asia.

Kelani Valley Plantations PLC (KVPL) has been awarded the Gold Award in the Plantations category at the SLITAD People Development Awards 2023/24.

NDB Bank announced its partnership with the Sri Lanka Institute of Marketing (SLIM) as the Official Banking Partner for SLIM DIGIS 2024.

Cementing its position as a key industry leader in the digital landscape that offers business transformation solutions, Inivos Consulting (Pvt) Ltd, inked an agreement with D. Samson & Sons Pvt Ltd, the main marketing and distribution arm of the DSI

The Pearson BTEC Higher Education Forum 2024 was held recently at Shangri-La Colombo, where British High Commissioner to Sri Lanka, Andrew Patrick was the Chief Guest.

Sri Lanka’s export earnings for September 2024 fell by 3.49 percent to US$ 937.95 million compared to a year earlier, with weaker demand for tea, rubber products, electronics, and seafood weighing on performance, according to data released by Sri L

Sri Lanka’s apparel sector is set to benefit from a Cabinet decision to apply for a trade arrangement with Indonesia, allowing access to fabric and raw materials needed for garment production.

Seylan Bank recorded a Profit after Tax of Rs. 6,593 million for the 9 months ended 30 September 2024 with a growth of 46.65 percent against Rs. 4,496 million reported in the corresponding period of 2023.

The 99x Group has emerged as a leading force in the global tech landscape, with seven companies from Norway, Malaysia, Sri Lanka, Brazil, and Portugal uniting to strengthen its position in product engineering services, IT consulting, and web solution

Indices closed in green as a result of price gains in counters such as Hatton National Bank, Commercial Bank and Sampath Bank with the turnover crossing Rs. 3.9 bn.

At the Rs. 145.0bn weekly T-Bill auction held yesterday, the CBSL fully subscribed to the entire offered amount. The 3M T-Bill received the highest demand, leading to an oversubscription, while CBSL accepted Rs. 53.2bn of 6M T-Bill. In contrast, the

Kicking off the banking sector earnings for the September quarter, Pan Asia Bank PLC showed that they can now afford to set aside only a little for possible loan losses as the rates ease and the economy improves, gradually enhancing the borrower prof

National Development Bank PLC (NDB) has been named as Sri Lanka’s Best Bank for Corporates at Euromoney Awards 2024, highlighting the bank’s unparalleled commitment to supporting businesses across various sectors. The Euromoney Awards are known f