The Joint Apparel Association Forum (JAAF) stressed that the official garment worker minimum wage does not paint an accurate image of the total earnings of a garment worker in Sri Lanka.

The Sri Lankan rupee is likely to depreciate in the range of Rs.310-320 against the US dollar in the latter part of the year, First Capital Research (FCR) said.

The world warms more when there is more carbon dioxide in the atmosphere, which functions as the earth’s thermostat. Global greenhouse gas concentrations reached 419 parts per million in 2023, about 50 percent higher than they were prior to the Ind

The government has decided to grant Power Wheeling Facility for new renewable power projects in allowing renewable power operators utilize Ceylon Electricity Board transmission network to transmit power from their own renewable energy plants to meet

Hatton National Bank PLC (HNB) recorded a profit before tax (PBT) of Rs.9.8 billion during the first quarter of 2024, while the profit after tax (PAT) amounted to Rs.6.2 billion. At group level, PBT and PAT were at Rs.11.2 billion and Rs.7.4 billion,

Amana Bank saw its profit before tax (PBT) expand 73 percent year-on-year (YoY) to Rs.734.5 million in the first quarter (1Q24), while profit after tax surged by 91 percent YoY to Rs.422.2 million. The bank’s top line witnessed a marginal decline t

Nations Trust Bank PLC (NTB) reported a higher profit for the quarter ended in March 2024 (1Q24), supported predominantly by the lower provisions made for possible bad loans, as the economy is improving along with borrower profiles, which enhances it

During the first quarter of 2024, Bank of Ceylon (BOC) achieved a profit before tax (PBT) of Rs.9.3 billion, a substantial increase compared to the previous year. The bank’s interest income for the quarter reached Rs.108.6 billion, making a signifi

Indices closed in red as a result of price losses in counters such as Hatton National Bank and National Development Bank and Sampath Bank with the turnover crossing Rs 3.2 Bn. High net worth and institutional investor participation was noted in Ambeo

The Central Bank conducted its weekly T-bill auction where weighted average yields declined across the board for the sixth consecutive week. The total offered amount of Rs.177.5 billion was fully accepted with the one-year bill being oversubscribed

Dialog customers came together extending their support once again to contribute over Rs. 18 Million towards Little Hearts, an initiative spearheaded by the Sri Lanka College of Pediatricians, bringing the total donation amount since 2016 to Rs. 140 M

Currently serving as the Deputy Chairman of Sunshine Holdings PLC, Vish Govindasamy has been instrumental in steering one of Sri Lanka’s top 50 listed companies to great heights. His tenure in various top-tier roles, including as an appointed Membe

Top achievers within Pan Asia Bank’s top-tier workforce were rewarded at the bank’s Annual Retail Awards held recently. The awards for the ‘Branch of the Year’ were the culmination of the event. With the presence of the Chairman of Pan Asia B

The Four A’s Advertising Festival is set for May 30 and 31 at Taj Samudra Colombo. The two-day learning festival is designed to serve as a source of new ideas, innovation, and inspiration. Through engaging learning sessions, workshops & panel discu

Sophos, a global leader of innovative security solutions that defeat cyberattacks, has released its annual “State of Ransomware 2024” survey report, which found that the average ransom payment has increased 500 percent in the last year. Organiza

Virtusa Corporation announced the launch of Virtusa Helio, a new suite of platforms, accelerators, and consulting servicesthat empowers organizations to leverage genAI effectively in their digital transformation initiatives. Built with Virtusa’s E

CFA Society Sri Lanka (CFASSL) recently acknowledged and celebrated excellence in the field of Financial Management at the University of Jaffna. Rajendiran Radhadevi was honoured with the CFA Society Sri Lanka- Gold Medal for the Most Outstanding Pe

A delegation of 30 members of China National Garment Association (CNGA), led by Executive Vice President of XIE QING and Ningbo Garment Association Vice president and Secretary General MAO YIHUA met the Chairman/ CEO, EDB, Executive Director, BOI, an

SIASE, a Chinese brand for switches and switched socket outlets commenced operations in Sri Lanka through its exclusive distributor Overseas Realty Trading Pvt Ltd. It has obtained Sri Lanka Standards Institution certification SLS 1000: Part1: 2021

HNB PLC has entered into a fresh agreement with 3DH Building Solutions to promote and offer financing solutions for FMT Generators and GLARIE elevators. Representatives from both organisations graced the occasion to formalize the partnership, with HN

DFCC Bank recently unveiled its Annual Report 2023, spotlighting the bank’s achievements against a backdrop of formidable challenges and exciting opportunities. Overcoming a challenging and dynamic economic environment, DFCC Bank emerged, posting

The National Savings Bank (NSB) claims that it has observed a misinterpretation on their bank amongst the public of a news item currently circulating pertaining to Sri Lanka Savings Bank (SLSB). NSB wishes clarify that SLSB is a fully owned subsidia

Laugfs International (Pvt) Ltd supplier of Japanese-made AIRMAN power products in Sri Lanka, recently received the AIRMAN Service Excellence Award for the 2nd consecutive year. Presented by AIRMAN Japan, the award underscores Laugfs International’s

The Cabinet green lighted the proposal to introduce a voluntary retirement scheme (VRS) for employees of Sri Lanka Savings Bank (SLSBL), a fully-owned subsidiary of National Savings Bank.

Sri Lanka Export Development Board (SLEDB) yesterday announced it entered into a strategic partnership with People’s Bank to boost the local export sector. The partnership....

Commercial Bank of Ceylon PLC saw its total operating income for the first quarter (1Q24) grow by 38.20 percent to Rs. 34.947 billion. The Group made provisions of Rs. 3.436 billion....

NDB recorded a pre-tax profit of Rs. 1.8 billion for the three months ended 31 March 2024, an increase of 31 percent over the same period in 2023 (YoY). Total operating income....

Sampath Bank PLC reported higher bottom-line performance for the three months ended in March as the bank provided less provisions for possible bad loans as the economy....

The exit offer for Expolanka opens today and will be on for 12 market days, ending on 3 June 4.30 p.m. In a filing to the Colombo Stock Exchange (CSE) this week, Expolanka....

In an era of heightened and ever-evolving enterprise competition, businesses globally are strategising cost-effective, eco-friendly, sustainable and inclusive solutions. The significance of sustainability....