In continuing to unlock Sri Lanka’s potential, the CA Sri Lanka Australia Chapter, in collaboration with the Sri Lanka Australia Chamber of Commerce and the Sri Lankan High Commission in Australia, will host the ‘Resilient & Rising: Leveraging Sr

Expanding its outreach across Sri Lanka, Vallibel Finance opened its latest branch in Mirigama recently. Offering a diverse product mix aimed at developing the financial needs of Mirigama. Vallibel Finance established this new branch with spacious a

SriLankan Cargo, the air cargo division of SriLankan Airlines, recently unveiled its reinvented service delivery framework and website, with a strong focus on customer experience. The new service model of SriLankan Cargo classifies service delivery u

OnCoor Inc., a US-based software as a service (SaaS) provider in advance data management and analytics, has announced the opening of its new subsidiary in Sri Lanka, marking an important milestone in the company’s global expansion strategy. With th

The Sri Lanka Chamber of Medical Devices Industry (SLCMDI) held its 9th Annual General Meeting (AGM) on May 30 at the Taj Samudra Hotel in Colombo. The event was attended by over 150 participants, including representatives from various government an

Assetline Finance Limited (AFL) recently launched Assetline Green Loan, a specialised financing facility aimed at empowering individuals as well as Micro, Small and Medium Enterprises to invest in solar energy solutions. This initiative is designed

E.B. Creasy Solar announced its Platinum Sponsorship of the Construction Power and Energy Expo 2024, Sri Lanka’s premier event dedicated to interior products, construction, power, and energy. As a long-standing advocate of sustainable development,

ASpecial Determination petition has been filed in the Supreme Court challenging the constitutionality of the Economic Transformation Bill, which was recently published in the Government Gazette. The petitioners, the office bearers of Trade Unions rep

Vallibel One Group recorded a net profit of Rs.17.44 billion for the financial year 2023-24, where the performance is underscored by a robust final quarter (January-March 2024), the company said in a commentary that followed the release of the financ

United Petroleum Australia, which has entered Sri Lanka’s petroleum retail market, will start their operations by the end of July or beginning of August this year, taking over 150 existing fuel stations and building over 50 new stations, Director o

A Special Determination petition has been filed in the Supreme Court challenging the constitutionality of the Economic Transformation Bill, which was recently published in the Government Gazette.

The global market demand for ship building and ship repairs looks promising in the near future. However, financial market problems in Sri Lanka will continue to pose a challenge to the growth targets of Colombo Dockyard PLC.

Sri Lanka failed to cross the 900,000 milestone in tourist arrivals in the five month period ended in May, as the country trailed the arrival target by 13 percent or 133,983 arrivals at the end of the month.

Sri Lanka had achieved a remarkable success in poverty reduction, before the country’s present economic crisis, which reversed it during the past few years. According to the official poverty line bas

Star Garments Group (Star) completed its latest expansion venture with the acquisition of the assets of Kolonna Manufacturing Limited. This acquisition ma

Amana Bank has once again bagged the title of Sri Lanka’s Best Islamic Finance Institution, awarded by Global Finance USA at its 17th World’s Best Bank Awards 2024, which is scheduled to take place during the IMF/World Bank Annual Me

Nearly 100 micro and small business owners in the Marawila and Wennappuwa areas recently benefitted from a sustainable entrepreneurship development programme conducted for them by Commercial Bank of Ceylon in collaboration with several other key inst

At the recently held Four A’s Advertising Awards 2024, Phoenix Ogilvy’s ‘The Masterpiece of Abuse’ campaign clinched two out of the three Grand Prix awards and six Gold awards. The campaign, crea

CIC Holdings PLC reported robust revenue growth amidst moderately stable macroeconomic conditions, reporting notable top-line growth during the year ended 31st March 2024. Group’s Crop Solutions, Agri Produce and Health and Personal Care sectors le

A recent meeting between the Sri Lanka-Greater Mekong Business Council (SLGMBC) of the Ceylon Chamber with Ambassador of Vietnam to Sri Lanka Ho Thi Thanh Truc focused on identifying strategies to boost production, increase expor

HNB Assurance PLC (HNBA) and HNB General Insurance Limited (HNBGI) announced the appointment of Stuart Chapman as the new Chairman, succeeding Rose Cooray. With a caree

National Savings Bank (NSB) began 2024 with a growth momentum, achieving Rs. 3.4 billion Profit After Tax (PAT) for the first quarter with an increase of 221.8 percent over the same period last year. Followed by two years of financial hardships, the

LOLC Finance PLC, the largest non-banking financial institution in the country, announced an innovative collaboration with mCash, Sri Lanka’s largest mobile money platform, enabling customers to make savings deposits throug

In a significant milestone, Technocity (Pvt.) Ltd, one of Sri Lanka’s foremost IT product distributors, has been named as Best Distributor Overseas 2023, at the Lenovo Accelerate 24 event in Goa, India.

Laugfs Gas PLC and Litro Gas yesterday announced price reductions of their liquefied petroleum gas (LPG) cylinders, effective midnight. Thus, the price of a 12.5 kilogramme domestic LPG cylinder, under the Laugfs brand, is reduced by Rs.160, to a max

Colombo City Holdings PLC, a subsidiary of Ambeon Holdings PLC, announced the appointment of three distinguished professionals to its board of directors, marking a significant value addition to the company’s governance and strategic direction.

The ASPI closed in green as a result of price gains in counters such as Melstacorp, Aitken Spence and LOLC Holdings with the tu

The secondary market yield curve remained broadly stable continuing the sluggish trend from the previous session, bac

The Government has decided to establish a brand new consolidated and dedicated agency named ‘Enterprise Sri Lanka’ for the monitoring and development of Sri Lanka’s struggling small and medium (SME) sector efficiently.

The Sri Lankan High Commission in the United Kingdom has set up a center in its premises to promote direct foreign investments (FDI’s) into Sri Lanka.