It is essential for the reforms planned for the government owned entities to go ahead without further disruptions, else it is the general public that will continue to take on the burden, State Owned Enterprises Restructuring Unit (SOERU) Head Suresh

The Board of Investment (BOI), the apex agency for foreign direct investment (FDI), last week put the spotlight on entities that have significantly contributed to the development and growth of the national economy. The inaugural

The Sri Lanka Convention Bureau (SLCB) announced Southern MICE Expo 2024, scheduled to take place from May 27 to May 31, 2024. This innovative e

LB Finance celebrated a milestone moment yesterday, with the unveiling of the updated CIM app. This revamped version promises enhanced convenience and security, catering to the evolving needs of modern financial management. Central to the upgrade is

George Steuart Insurance Brokers (Private) Limited (GSIB) announced that Dharini Fernando has joined its board of directors, with effect from April 1, 2024. Possessing ove

Sri Lanka’s leading private sector retail bank HNB PLC announced two strategic additions to its board of directors, with the appointment of distinguished banking industry luminaries, S. Renganathan and Nanda Fernando as Independent Non-Executive Di

BBC: Technology giant Amazon has announced job cuts affecting hundreds of staff at its cloud computing business. Amazon Web Services (AWS) has been growing and now represents 14 percent of Amazon’s total revenue, according to it

Sri Lanka recently expressed its keenness in luring in investments from China, for which it stands ready to provide a favourable investment and business environment. According

Technology company Microsoft Corporation asserted the need for close collaboration with industry bodies across Asia to ensure that the voice of technology innovators are heard by the governments and decision-making bodies. Accordin

Jetwing Hotels Chief Hiran Cooray defended the Minimum Room Rates (MRR) as a necessary market push under the curr

As Sri Lanka is making progress in its revival efforts, President Ranil Wickremesinghe said the focus now lies in attracting competitive investments. This is will e

In a rapidly evolving digital landscape, the transformative potential of artificial intelligence (AI) is reshaping industries, economies and societies worldwide. To delve deeper into this tool that is evolving at lightning speed, Mirror Business

Sri Lanka will likely see fewer businesses collapse from the challenging macroeconomic circumstances, as the financial sector regulator, the Central Bank, instructed the licensed banks to further strengthen the already established revival units.

Sri Lanka crossed the 200,000 tourist arrival mark for four consecutive months from December 2023, through March 2024, affirming good times are back for the once hard-hit industry that almost came to a standstill.

A global leader in responsible tourism raised concerns on lack of focus on sustainability in the tourism sector, which in turn could impede the current growth momentum in the medium term.

The Asian Institute of Technology (AIT) in Thailand stands as a beacon of academic excellence with over six decades of history. More than 26,000 alumni from over 100 countries are a testament to AIT’s role in shaping global leaders. AIT is a vibra

John Keells Foundation (JKF) in collaboration with the Scaling Up Nutrition People’s Forum (SUN PF) has initiated a series of nutritional awareness sessions, as part of the ongoing School Nutrition Programme, targeting ten selected schools in the J

Union Assurance recently announced the conclusion of its inaugural Inter-University Quiz Competition 2024. The competition, launched with the aim of fostering intellectual engagement and celebrating the exceptional talent of Sri Lanka’s future wor

Harcourts International School celebrated 40 years in education recently. The commemoration took place at the Bishop’s College Auditorium, and showcased the school’s journey from its inception to the present, creating a visual timeline of achiev

For over 64 years, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has been a cornerstone of the nation’s accounting landscape, nurturing thousands of accounting professionals and shaping leadership. Chartered Accountants produc

ESOFT Metro Campus recently celebrated the launch and inauguration of two doctoral programmes at its premier Campus One branch at One Galle Face Business Tower. The ceremony marked the introduction of the first and only British PhD programme in Sri L

NDB Bank hosted an Exporter Forum on March 26, aimed at fostering collaboration and driving economic recovery and growth in Sri Lanka. The event, held at the Ramada Hotel, brought together industry leaders, policymakers, and exporters to discuss str

Nearly 200 small and medium enterprises (SMEs) from all over Sri Lanka were recently provided an invaluable opportunity by the Commercial Bank of Ceylon, to exhibit and sell their products and services in Colombo, and to engage with customers at a un

Vallibel Finance opened its latest branch in Boralesgamuwa recently. Managing Director of Vallibel Finance Jayantha Rangamuwa graced the occasion. Rangamuwa said, “Our corporate mandate is to make available our services in the most approachable and

The Securities and Exchange Commission of Sri Lanka (SEC) in collaboration with the Colombo Stock Exchange (CSE) conducted an Investor Forum in Dambulla recently. The forum was organized with the objective of raising awareness on the importance of i

Brandix Apparel was recognized as Most Outstanding Exporter in the Merchandise category by the Board of Investment of Sri Lanka (BOI), as the investment promotion arm celebrated its 45th anniversary. At the BOI Awards ceremony, Brandix Group Managin

BBC: Taylor Swift has joined Elon Musk as ranking among the world’s wealthiest people, according to a new rich list. The American pop star entered the Forbes World’s Billionaires List for the first time with US $ 1.1 billion (£877 million), alon

The Asian Development Bank (ADB) yesterday pledged its support to help Sri Lanka steer through the ongoing reform process; however, it noted that there needs to be “realistic expectations”. Acknowledging that Sri Lanka is at the initial stages of

As Sri Lanka is looking to leave behind the effects of the crisis and move towards development, sustained reform implementation is essential for Sri Lanka to have a stronger and more resilient economy, the World Bank said yesterday.

Sri Lanka is likely to witness a modest growth of 2.2 percent in 2024, according to World Bank projections, showing signs...