Sanasa Life Insurance PLC has appointed Puvendran Gajendra as their new Chairman, effective 19 June.

NDB Bank officially launched its NDB-SSC Affinity Card last week at an event held at the Singhalese Sports Club (SSC) premises.

The ASPI closed in red as a result of price losses in counters such as John Keells Holdings, Commercial Bank and Lion Brewery with the turnover crossing Rs. 1.0 bn.

Despite Sri Lanka’s announcement of a final restructuring agreement for USD 10.0 bn of debt with China and bilateral creditors’ Official Creditors Committee in Paris, the secondary bond market saw a further upward shift in the yield curve amidst

Heritance Aarah, nestled in Raa Atoll of the Maldives, has been honoured with an important accolade by the Forbes Magazine as the Best Beachfront All-Inclusive Resort for Families in 2024. This is t

Despite a notable reduction in formal cigarette consumption, the use of informal cigarettes such as beedi cigars remains a significant concern in Sri Lanka.Continued beedi consumption, especially among the poor, demands sustained efforts and innovati

Ceylon Eco Friendly Products (Pvt.),which came up with an innovative project to recycle shredded currency, had got clearance from international patent rights bodies and is now slated to start up an international level business.

The 29th National Bartenders Competition 2024 concluded with a spectacular Grand Finale on June 14th at the Cinnamon Grand, Colombo.

Efforts are underway to prohibit the illegal export of metal, iron, related equipment and scrap from the country. All metal exports must receive approval from the Ministry of Industry, Finance State Minister Ranjith Siyambalapitiya said.

Sri Lanka yesterday marked a significant milestone in its economic recovery journey as it brought to close more than yearlong talks with the bilateral lenders.

The Financial Intelligence Unit (FIU) of Sri Lanka collected a total Rs. 3 million in penalties between January 1 to April 30 2024 from two banks for not complying with the provisions of the Financial Transactions Reporting Act (FTRA). FIU of the Ce

Sri Lanka solidified long-awaited agreements with its lenders yesterday, a move economists believe will foster positivity and help the nation emerge from selective default. The agreements with bilateral creditors are viewed as crucial for enhancing t

Sri Lanka’s export performance continued to slow down with May recording a contraction in the earnings compared to previous years. Provisional data released by the Export Development Board (EDB) yesterday showed that export performance contracted b

The National Chamber concluded the ‘National Business Excellence Awards 2024’, celebrating its 19th year successfully with the gathering of business community, leaders from corporate world, distinguished guests and invitees. Being one of the pio

Spotlighting the growing trend of Sri Lanka’s IT talent, leadership representatives of 99x Group recently named Sri Lanka as one of its top sources for recruitment.   The company last week hosted a high-profile round-table for local media repres

Hayleys Solar, the renewable energy arm of Hayleys Fentons, is empowering Sri Lankan families to take control of their energy needs with ‘Nayak Nowena Nayak’ – an exclusive financial schemes designed to make solar power affordable for everyone.

HNB PLC recently announced their partnership with UNIMO, the automotive arm of United Motors, to provide affordable financing options and exclusive perks for customers looking to purchase vehicles. The partnership offers customers looking to invest

CFA Society Sri Lanka announced the launch of the Ravi Abeysuriya Memorial Award for Best Stock Brokering Research Team recently. The renaming of the gold award as the Ravi Abeysuriya Memorial Award for Best Stock Brokering Research Team at the 2024

Laugfs Rubber has won multiple accolades at the National Business Excellence Awards (NBEA) 2024. Laugfs Rubber emerged as the ‘Winner in the Large Category’ and secured the title of ‘Winner for Excellence in Business and Financial Results - La

Sri Lanka Export Development Board (EDB) in collaboration with the Engineering Faculty of the University of Moratuwa (UoM), launched a new programme to integrate the construction related and power & Energy industry with the University Research Projec

Covalent, a player in the IFS ecosystem, announced its recent rebranding, marking a significant milestone in its mission to revolutionise IFS deployments for its clientele. Founded in 2018 by industry veterans Simon Green and Namal Mohottige, each w

Star Garments Group (Star) was recently recognized at the first-ever International Symposium on Green Industry Initiative for Sustainable Industrial Development (ISGSD), winning a Silver Award in the ‘‘Energy Efficiency in Industry” category fo

Heritance Kandalama, the flagship property of Heritance Hotels and Resorts by Aitken Spence Hotels, marked its 30th anniversary on 24 June 2024. Nestled within Sri Lanka’s Cultural Triangle, Heritance Kandalama stands as the leading eco-retreat in

Amana Bank recently relocated its Puttalam branch to a spacious location at No. 34, Kurunegala Road, Puttalam. This move reflects the bank’s commitment to enhancing customer service and banking convenience to both its existing and new customers. T

Alliance Finance Company PLC (AFC), Sri Lanka’s oldest finance company, recorded a solid financial performance for the fiscal year 2023/24. Amid economic challenges, AFC has demonstrated remarkable growth and resilience, a testament to its strategi

Bunch of sequential incidents commencing from Easter Sunday attack, Covid outbreak etc., drastically contributed and accelerated the economic crisis of Sri Lanka in 2022. However, the reasons for the Sri Lankan economic crisis cannot be confined to

Indices edged down as a result of price losses in counters such as Melstacorp, LOLC Holdings and Hatton National Bank with the turnover crossing Rs. 1.8 bn. Crossings were witnessed in Windforce, Central Finance Company and Hayleys, accounting for 4

The secondary market further continued its lacklustre sentiment from the previous sessions yesterday as investors further sought clarity on the market sentiment, backed by the Rs. 75.0bn T-Bond auction that is scheduled for today 27th June. Limited t

Sri Lanka’s apparel industry is experiencing a downturn, with the export performance in the recent months not being at the expected levels.