The Sri Lankan government is currently in the rather confused state of having lost track of the number of State enterprises it runs. While the Ministry of Finance tracks the financials of 55 key SOEs, the government does not have an official number f

Commercial Bank of Ceylon has announced a reduction of interest rates relating toits ‘Biz Loans’ with a view tofurther supporting the small and medium businesses of the country.

The Central Bank of Sri Lanka recently signed an agreement with DFCC Bank to facilitate EPF payments online through DFCC’s iConnect Payments and Cash Management Portal.

The New Business Management Department and Life Claims Department of HNB Assurance PLC (HNBA) were certified with ISO 9001:2015.

During the past few months, Sri Lanka has witnessed a rocky economic growth, influenced by unfortunate events that took place. These events took the spotlight away from the country’s booming tourism, retail/trade, banking and other sectors alike, h

The Export Development Board (EDB) together with Plantation Industries Ministry, Rubber Development Department (RDD) and Rubber Research Institute (RRI) will be organizing a series of workshops to give the smallholder farmers the necessary awareness

The International Chamber of Commerce (ICC) Founded in 1919 following aftermath of the First World War. ICC was built on the conviction that strong commercial ties between nations would ultimately reduce the risk of war and armed conflict. Since that

The Ceylon Association of Shipping Agents (CASA) yesterday welcomed the proposed new revival deal for the East Container Terminal as part of Colombo Port expansion.

Top representatives of the country’s tourism industry yesterday said the sector is likely to bounce back in one year if the authorities can get the recovery plan mix right in the aftermath of the Easter Sunday attacks that killed over 250 people an

Sri Lanka’s foreign reverses could tumble to US$6.3 billion at the end of this year, almost US$2 billion down from the earlier projected US$8.2 billion in the aftermath of Easter Sunday bombings, which has adversely impacted the country’s tourism

AIA Insurance Lanka yesterday announced the appointment of Nikhil Advani as its new Chief Executive Officer.

Sri Lanka’s economy will suffer further if communalism is allowed to creep into the country’s corporate sector, United People’s Freedom Alliance (UPFA) MP Dr. Sarath Amunugama told Parliament recently.

Sri Lanka’s Central Bank is widely expected to cut its key interest rates at a meeting on Friday, a Reuters poll showed, to support the economy after tourism and investment plummeted in the wake of Easter Sunday bombings.

The Public Finance Department of the Finance Ministry yesterday announced the launch of electronic government procurement (e-GP) system, which is expected to save Rs.30 billion to the Treasury per annum while significantly improving the public financ

(Colombo) REUTERS: Sri Lankan shares rose on Wednesday while the rupee closed steady on hope of a rate cut by the Central Bank later this week, market sources said. The Central Bank is widely expected to cut its key interest rates at a meeting on Fri

It has been 17 years since I last visited Vietnam. I had planned my revisit to this easternmost country on the Indochina Peninsula long before the Easter bombing disasters, so it was a trip I had to take.

Sri Lanka’s premier financial solutions provider HNB PLC, announced a partnership with Brown and Company PLC to offer exclusive leasing packages on agricultural vehicles especially for customers in the SME and MSME sectors.

Nations Trust Bank (NTB) American Express (Amex) recently concluded its ‘Pump Fuel and Win a Trip to see Northern Lights in Iceland’ campaign with the presenting of the award to the winner Lahiru Pathmalal.

The Regional Development Bank (RDB) appointed 304 employees to fulfill the Development Assistant position at a ceremony held at the auditorium of the Ministry of Finance with the presence of Finance Minister Mangala Samaraweera as chief guest, on May

Maga Engineering, Sri Lanka’s leading construction company, completed Rs. 6 billion worth of work in the water sector in the year 2018, delivering few projects of national importance in the process.

The 54th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB) is to be held in Colombo, in May 2021.

Imports to Sri Lanka fell sharply while exports recorded the highest ever monthly figure in March, as the effects of tight monetary and exchange policies bode well to temporarily contain the trade gap from expanding.

Sri Lanka yesterday inked a memorandum of cooperation (MOC) with the government of Japan and India to develop the East Container Terminal (ECT) of the Port of Colombo.

Lotus Renewable Energy (Private) Limited (LREL) yesterday bought the controlling stake of Hatton Plantations PLC (HPL) for a consideration of Rs.1 billion.

India, Germany, and Switzerland, which advised their citizens to avoid unnecessary travel to Sri Lanka in the aftermath of Easter Sunday bombings, have softened their stance on the island nation.

(Colombo) REUTERS: Sri Lankan shares snapped two consecutive sessions of falls yesterday in high turnover, led by Hatton Plantations Plc, while the rupee closed slightly weaker.

As Easter Sunday attacks further dampens Sri Lanka’s growth prospects, the Monetary Board of the Central Bank faces an inevitable situation to support the economy through a policy rate cut in the third monetary policy review meeting this week, the

At any given time there are close to 19,000 Sri Lankan students overseas on higher education. HSBC Sri Lanka, leveraging its international connectivity and capabilities, has come up with a unique proposition, becoming the first bank in the country th

Celebrating rapid growth and commitment to innovation, Ashok Suppiah, the CEO of UK-based Mitra Innovation was named ‘Technopreneur of the Year 2019’ at the Global Leadership Awards 2019, held on May 2nd 2019 at the Malaysian Trade and Exhibition

Affirming Samsung’s heritage of creating stunning designs and feature-rich smartphones, the Galaxy S10 has set a new benchmark for performance in Sri Lanka, with its pre order sales of Galaxy S10 going through the roof - recording more than double