Sampath Bank PLC’s board of directors last week gave approval to raise as much as Rs.7.6 billion in fresh equity via a rights issue to comply with enhanced capital requirements under the BASEL III accord.

Asserting that transforming Sri Lanka’s export sector is probably the most crucial economic challenge the country now faces, the Central Bank Governor Dr. Indrajit Coomaraswamy recently highlighted the importance of giving prominence to high-te

It appears that Sri Lanka’s Securities and Exchange Commission (SEC) believes in the old adage ‘prevention is better than cure,’ as the country’s stock market regulator has proactively taken action to prevent securities law vi

The government could be following in the footsteps of its predecessors in project development, as the US$ 2 billion Colombo Suburban Railway Project aiming to modernize and electrify railroads under the grand Megapolis Plan has only taken into accoun

In continuing to offer their customers the best leasing solutions in the market, Sampath Bank has once again introduced the lowest vehicle leasing interest rate in the country. Starting June 2017, 

Hayleys Advantis Limited broke ground for a Mega Distribution Center (DC) in Kotugoda, on Friday 28th July, paving the way for the construction of the largest facility of this nature in the country

Union Bank announced its partnership as the Premium sponsor of the Annual Export Awards organized by the National Chamber of Exporters (NCE) of Sri Lanka. 

Equity Investments Lanka Limited (Equill), a venture capital and investment company, is actively looking for investment opportunities in the form of risk capital in small and medium sized businesses.  Equill views the high level of economic acti

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) felicitated the new Inland Revenue (IR) Commissioner General Ivan Dissanayake at a ceremony held recently. 

Commenting on the completion of 14 years since MTI set-up its fully-owned Bangladesh subsidiary and coinciding with MTI CEO’s visit to Dhaka, Saima Mazhar (Country Manager) said, “Our Sri Lankan operations have provided an excellent learn

AFP: German auto giants Volkswagen, BMW and Daimler were hit with lawsuits this week charging the companies colluded illegally to drive up the prices of their cars.

AFP:  Asian markets tumbled yesterday to end two days of gains as a US tech sell-off spread to the region, adding to concerns over corporate results.

Bimputh Finance has been presented with awards covering many areas this time for the excellent service rendered.

The 17th edition of the ‘Culinary Art Food Expo’ organized by the Chefs’ Guild of Lanka and CDC Events & Travels Pvt. Ltd., was inaugurated by President Maithripala Sirisena at the Bandaranaike Memorial International Conference

Foreign Minister Ravi Karunanayake was invited by the Rotary Club of Colombo West as the guest speaker at its luncheon meeting chaired by President Roshan Perera, with Rtn Pravir Samarasinghe, Secretary Harsha Rajan and Governor Senaka Amarasinghe at

The Ninth Annual General meeting of the Indo Lanka Chamber of Commerce & Industry (ILCCI) was held recently at Taj Samudra Colombo.

Sri Lanka will finally sign a US$1.1 billion deal today to lease the southern Hambantota port to China, after several months of delay caused by local protests and claims by opposing politicians that this would threaten national security.

REUTERS: The Sri Lankan rupee was steady yesterday as inflows from inward remittances offset importer dollar demand, dealers said. 

Nature’s vistas and forms have once again inspired a seasonal fashion collection at Odel, this time the dramatic shapes and colours symbolic of the desert. 

In line with the bank’s 78th anniversary celebrations, Bank of Ceylon (BOC) is set to conduct an art competition, ‘Little Picasso’ among schoolchildren and reward their talents with valuable gifts. 

Spa Ceylon, the world’s largest luxury Ayurveda chain, yet again stamped its global dominance in the segment by clinching three major awards at the prestigious World Luxury Spa Awards 2017 annual gala held in Hanoi, Vietnam.

Coffee was once a thriving cultivation in Ceylon. The British began large-scale commercial production and by 1860, the country was amongst the major coffee-producing nations in the world. Decades later ‘coffee’ is being revived and at the

The ever-evolving camera phone brand, OPPO, has established an association with Sony Pictures on the much-awaited superhero movie, Spider-Man: Homecoming, in theatres from July 8.

 In a bid to enable a culture of health-conscious culinary habits to penetrate into the wider social spectrum within Sri Lanka, Medical Services of the Health Ministry recently held a healthy cooking competition at the BMICH for the medical admi

The jury has reached its decision: after several days of assessing thousands of products from all over the world, the TAG Heuer Monaco Calibre 11 and the Autavia received the distinction ‘Red Dot’.  With the Monaco Calibre 11 and the

99X Technology held Sri Lanka’s first-ever technical meetup on the open source web framework Serverless earlier this month. The event saw some awesome cutting-edge globally trending tech 

The Mercantile Volleyball Association of Sri Lanka is once again organizing the annual Mercantile Volleyball Tournament in a bid to popularize the national sport and to widen interest in the game in the 

Amãna Takaful PLC (ATL) the only fully-fledged Takaful operator in the country and the flag bearer of the Takaful way of insurance in Sri Lanka, recently relocated its Akkaraipattu Branch with the intention

The Sri Lanka Debaters Council will compete in the World Schools Debating Championship (WSDC) in Bali, Indonesia in August. The team consists of 3 members from the 2016 team; Anish Fonseka 

Children of the Dikkowita area in Hendala have received a new purpose-built pre-school thanks to the generosity of a group of Korean students and funding support from Korean car maker Kia.