Hayleys Solar, the premier renewable energy arm of Hayleys Fentons, a subsidiary of the country’s leading conglomerate Hayleys Group, announced a significant milestone....

Sri Lankan household products company Phoenix Industries hosted an evening event at its Makandura factory to relaunch its wide-ranging PVC product line under the new Super PVC....

Cartoon 27.03.2024

The Monetary Policy Board of the Central Bank of Sri Lanka has decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 50 basis points (bps) to 8.50 percent and 9.50 percent.

Sri Lanka, coming out of the economic crisis, has significantly taxed businesses and individuals alike and according to the International Monetary Fund (IMF), this burden is here to stay, at least for now.

The secondary market experienced a subdued tone prevailing throughout the day, marked by minimal trading volumes, as the investors remained on the sidelines, awaiting today’s monetary policy review. However, amid this subdued atmosphere, notable a

The Central Bank announced the final date for the depositors of the three failed entities, The Finance PLC, ETI Finance Ltd and Swarnamahal Financial PLC, to submit their compensation claims. In a notice to the public, the Central Bank’s Deposit In

Radisson Hotels Sri Lanka, along with the hotel management company La Vie Hotels & Resorts, yesterday announced the appointment of Kristofer Quadros as Cluster General Manager for the three esteemed Radisson properties in Sri Lanka: Radisson Hotel Co

BBC: The EU has announced investigations into some of the biggest tech firms in the world over uncompetitive practices. Alphabet, which owns Google, Meta and Apple, are all being looked into for potential breaches of the Digital Markets Act (DMA) int

REUTERS: Oil prices rose in early Asian trading yesterday on concerns over tighter global supply brought about by escalating conflicts in the Middle East and between Russia and Ukraine, while a shrinking U.S. rig count added to upward price pressure.

The recent visit of Foreign, Commonwealth and Development Office Deputy Chief Economist Fergus Cumming reaffirms the UK’s commitment to Sri Lanka, the British High Commission in Colombo said. Cumming, during a three-day visit to Colombo from March

Dialog Axiata PLC has been voted the ‘Telecommunication Brand of the Year’ for a record thirteenth year by Sri Lankan consumers at the SLIM-KANTAR People’s Awards 2024. Organised by the Sri Lanka Institute of Marketing (SLIM). Voted for by Sr

Fintech Association of Sri Lanka (FASL) and Indonesia Fintech Association (AFTECH) signed a MoU during the BankTech Asia 2024 on March 20, at Mövenpick Hotel Colombo.    FASL President Rajkumar Kanagasingam and AFTECH Executive Director Aries Seti

Fitch Ratings has affirmed Habib Bank Limited - Sri Lanka Branch’s (HBLSL) National Long-Term Rating at ‘A(lka)’. The Outlook is Stable. The rating reflects Fitch’s expectation that HBLSL will receive support, if required, from the head offic

Sunshine Holdings PLC announced that Aruna Deepthikumara, Michelle Senanayake, Dr. T. Sayandhan and Shantha Bandara, who are Executive Committee members of the Group, have been appointed as Executive Directors. Commenting on the appointments, Sunsh

Hayleys Eco Solutions, Sri Lanka’s traditional and value-added exporter of coconut fibre and coco peat-based products announced the launch of “Entwine”, its Environmental, Social, and Governance (ESG) Roadmap for 2030. Derived from the concept

The Sri Lanka - Korea Business Council (SLKBC) of The Ceylon Chamber of Commerce recently hosted a networking evening for Members of the Council, diplomats, government officials and industry representatives to foster collaboration and bilateral coope

The Ceylon Chamber of Commerce (CCC) marked its 185th anniversary yesterday. Established in 1839, initially to cater to the needs of the plantation industry, primarily rubber and coconut, it has evolved into an institution representing a wide sector

This feature is based on a panel discussion facilitated by the Centre for Banking Studies, consisting of industry experts who delved into how the elements of compliance, innovation and cybersecurity could be harmonized to ensure robust banking operat

Brantel Lanka (Pvt) Ltd., has announced its appointment as a partner and authorised reseller in Sri Lanka for Cisco Networks. The company said its primary role as a Cisco partner would be to help build the online presence, and automate the business

The Sri Lanka Association of Software and Service Companies (SLASSCOM) recently concluded its Compensation & Benefits Survey 2023, shedding light on critical HR trends and issues within the Sri Lankan IT/ BPM industry. By examining various job posit

The Ceylon Chamber of Commerce (CCC), the premier representative of Sri Lanka’s private sector, marks its 185th anniversary today (March 25).

Sri Lanka’s merchandise exports in February increased marginally by 0.17 percent Year-on-Year (YoY) and 1.3 percent from....

After a challenging period marked by the COVID-19 crisis and the economic crisis, Sri Lanka’s tourism industry....

Sri Lanka’s apparel sector saw its revenue for the month of February expand marginally by 0.19 percent Year-on-Year....

Union Bank of Colombo PLC has announced the appointment Dinesh Weerakkody, as an Independent Non-executive Director...

Fitch Ratings Lanka has affirmed Standard Chartered Bank, Sri Lanka’s National Long-Term Rating at ‘AAA(lka)’. The Outlook ....

Reinforcing its leadership in the banking sector as ‘Bankers to the Nation’, Bank of Ceylon (BOC) clinched the prestigious SLIM Kantar....

The business of international trade between parties often takes place with credit periods as a competition tool....

AIA Insurance announced the grand opening of its latest Regional Development Office (RDO) situated in the heart of the Panadura...