Sri Lanka must intensify efforts to sustain its growth while addressing the climate change challenges, the Asian Development Bank (ADB) stressed yesterday, highlighting the need for the island nation to turn to green bonds to meet its needs.

The Joint Chambers of Commerce yesterday expressed strong disapproval of the decision by the customs officers to work to rule, emphasising the urgent need to resume normal operations to avoid further harm to businesses.

The domestic liquefied petroleum gas (LPG) market is expected to leapfrog in the years ahead, despite the setbacks faced by the industry during the time of recent economic and financial crisis in the country, Laugfs Gas PLC said.

Sri Lanka has successfully concluded its discussions with the bondholders, reaching an agreement on the restructuring terms yesterday. This follows an unsuccessful first round of talks in April.

Maharajah Foods Limited, a leading manufacturer and exporter of Sri Lankan foods and spices, is opening its initial public offering (IPO) today. The entity is Sri Lanka’s first women-owned enterprise, with founders’ origins from the Northern prov

There are no suitable suitors for the national carrier SriLankan Airlines, Ports, Shipping and Aviation Minister Nimal Siripala de Silva said yesterday.

The secondary market commenced the day and witnessed slower momentum continuing the trend from previous sessions, longing for the T-bill auction outcome, which was scheduled for yesterday. However, the market regained buying interest post the T-bill

Indices closed in red as a result of price losses in counters such as Hayleys, Hatton National Bank and Melstacorp with the turnover crossing Rs 1.5 Bn. Crossings were witnessed in Windforce, Sampath Bank, John Keells Holdings and Alumex accounting f

The Sri Lanka Ports Authority (SLPA) signed a Memorandum of Cooperation (MOC) with Virginia Ports Authority (VPA) in the United States of America, where the two sides have agreed to enter into a cooperative agreement for the mutual exchange of expert

Fitch Ratings announced it has affirmed Sunshine Holdings PLC’s National Long-Term Rating at ‘AA+(lka)’. The Outlook is Stable. Sunshine’s rating reflects its steady business profile, which is anchored by defensive cashflows in its healthcare

HNB PLC celebrated a step forward in the nation’s agricultural development with the launch of the HNB Sarusara programme in Nochchiyama, Anuradhapura recently. Attended by over 700 agripreneurs, the pioneering event established a platform for dem

Professor Veranja Karunaratne, the Vice Chancellor of SLT Campus, in his capacity as the Chairman of the National Science and Technology Commission, represented the Government of Sri Lanka at a regional consultation meeting of the Global Digital Comp

Keells Supermarkets quite recently have upped their game by introducing self-checkout systems from Diebold Nixdorf USA; the global leader for retail automation systems. This is a milestone for Keells as they have become the first supermarket to impl

Colombo, Sri Lanka - Capital Alliance PLC (CAL), a leader in financial innovation, has once again broken new ground by launching the next generation of digital investment opportunities in Sri Lankan Government Treasury Bills and Bonds. This initiativ

The Asian Development Bank is set to provide a US$ 100 million loan to implement a reform and renovation programme in Sri Lanka’s power sector.  The Cabinet of Ministers recently approved the securing of the loan from the ADB to commence the fir

Book lovers are flocking to the Kandy Book Fair at the Kandy City Centre (KCC), organized by the Sri Lanka Book Publishers’ Association. The fair, which offers a wide array of books

Nawaloka Hospitals PLC recently felicitated the pioneers in the field of Nephrology in Sri Lanka and announced the successful completion of 500 kidney transplant surgeries to-date.

SLT-Mobitel empowered the BNI Sri Lanka National Conference 2024, held on June 6. The day commenced with a CEO Forum at Waters Edge, Battaramulla. Later, the conference continued into the evening at Shangri-La Hotel, providing a platform for networki

The Bank of Ceylon (BOC) announced the opening of its Galle Premier Branch, a milestone aimed at delivering an exceptional level of personalised banking services to its esteemed customers. The inaugural ceremony was led by the Bank of Ceylon Chairm

BoardPAC has earned the Carbon Neutral Certificate for 2022 from the Sri Lanka Climate Fund (SLCF). For the second consecutive year, BoardPAC has secured this certification by offsetting its Organization Level Greenhouse Gas (GHG) emissions, after be

The British Council Sri Lanka recently celebrated the pilot phase of the ‘Youth-Led Green and Inclusive Businesses’ project to commemorate the 2024 International Micro, Small and Medium-sized Enterprises (MSMEs) Day. The ‘Youth-Led Green and

People’s Bank recently opened its newest Service Centre at Nawagattegama. The Service Centre provides the latest digital banking services including an ATM enabling customers to withdraw money 365 days of the year, 7 days of the week and 24 hours of

Sri Lanka’s State-Owned Enterprises (SOEs) that come under harsh criticism for their financial inefficiencies have reported “robust performance” in the first four months of 2024, according to the Ministry of Finance.

Sri Lanka’s outstanding credit card balance slipped in May after rising in April in a sign that people are still reluctant to use credit card debt due to exponentially high rates which are long overdue for correction.

Women entrepreneurs in Sri Lanka are set to receive a fresh push from the government, with the launch of a new loan scheme aimed at supporting their Small and Medium Enterprises (SMEs).

The Commercial Bank of Ceylon’s and Sri Lanka’s largest ever debenture issue by a private bank closed after oversubscription on its opening day (July 2) raising Rs. 20 billion for Sri Lanka’s biggest private sector bank, and demonstrating inves

Sri Lanka will launch today the second phase of the Global Programme on Textile and Clothing (GTEX2) which will help uplift the local apparel sector.

The ASPI closed in green as a result of price gains in counters such as Ceylinco Insurance, Sampath Bank and John Keells Holdings with the turnover crossing Rs. 1.8 bn.

Secondary market activities continued to see lackluster movement during yesterday as investors resorted to sidelinesawaiting the weekly auction outcome.