In a disheartening revelation, a recent study conducted by the Women’s Chamber of Industry and Commerce Sri Lanka (WCIC) shed light on the alarming silence surrounding gender-based violence and harassment (GBVH) against women in workplaces.

Defying both the expectations and the trend seen for the past seven months, the credit extended to the private sector by licensed commercial banks has reversed direction to record a de-growth of Rs.52.2 billion in January 2024. It wasn’t immediatel

The Adani Green Energy’s wind power project in Mannar, Sri Lanka, has become a lightning rod for controversy. While the project promises to boost renewable energy production in the country, it faces fierce opposition due to its potential ecological

Sri Lanka’s economy surged in the fourth quarter, marking a swift recovery from the prolonged recession that began 18 months ago. The growth rate exceeded expectations, outpacing third quarter’s performance. Sri Lanka’s full-year contraction n

The local gem and jewellery sector will receive some room to recover from the current challenges as the government announced fresh plans to provide concessions. President Ranil Wickremesinghe however asserted that immediate changes to the tax policy

Signalling continued expansion in economic activities, Purchasing Managers’ Index (PMI) for both manufacturing and services recorded persistent gains in February with expectations for the next three months remaining upbeat, especially due to the up

The National Development Bank (PLC) announced the approval of distribution to the shareholders by way of a final dividend of Rs. 5.00 to be paid per share on the Ordinary Shares in issue for the financial year ended 31 December 2023. Accordingly, Rs.

REUTERS - The European Central Bank could start cutting interest rates in June after a reduction in euro zone inflation, ECB policymaker Pablo Hernandez de Cos said in an interview published yesterday. The ECB kept borrowing costs at a record high t

The surge in onion prices has transformed each bulb into valuables. A worker is captured in the act of sorting through previous stocks of onions, ensuring that every piece is utilised efficiently to avoid wastage. This scene underscores the current m

People’s Bank recently declared open an ATM at Serene River Park, Holuwagoda, Galle. Through this ATM, the customers can withdraw money 365 days of the year, seven days of the week and 24 hours of the day. Health and Industries Minister Dr. Ramesh

NDB Bank announced its collaboration with Havelock City Mall as the official banking partner for Avurudu Season 2024. From March 14, 2024 to April 21, 2024, customers can revel in the festive spirit at the mall, with NDB curating exclusive card offer

As the pressure for financial service companies to increase their digital capabilities continues to rise, leaders are pulling further ahead of the pack on multiple fronts, according to new research from Broadridge. The research, which surveyed 500 C-

Commercial Bank of Ceylon recently moved its Kegalle branch to a spacious new two-storey building at the same location, designed to better serve customers in this bustling municipality. The branch at No: 186, Main Street, Kegalle, is a fully-fledged

Fitch Ratings announced last week it has assigned Siyapatha Finance PLC’s proposed Sri Lankan rupee-denominated senior unsecured debentures of up to Rs.4 billion an expected National Long-Term Rating of ‘BBB+(EXP)(lka)’. The proposed debentures

Amana Bank opened its 60th customer location, with the establishment of a Self-Banking Centre (SBC) in the town of Atulugama, off Bandaragama. The bank, thereby extends the bank’s people-friendly development banking model to serve those in the loca

The concept of boundaries, both physical and ideological, has long been a defining feature of human civilisation. The man has built barriers both tangible and intangible, including the Great Wall of China, Berlin Wall, Iron Curtain to the digital div

The Sri Lanka Ports Authority (SLPA), in collaboration with Jaya Container Terminal (JCT), South ASIA Gateway Terminals (SAGT) and Colombo International Container Terminals (CICT), hosted Port of Colombo Awards Night 2024, at Shangri-La Hotel, Colomb

In what may be a pivotal moment in the future of alternative marine fuels, the world’s first bunkering of ammonia and tests of adapted engines took place in Singapore aboard an offshore supply vessel retrofitted by Australia’s Fortescue Group. T

Lebanon wants to rebuild the Beirut Port, destroyed by an ammonium nitrate explosion on August 4, 2020 and France has come forward to help. This endeavour has garnered worldwide attention, with France presenting a proposal on March 13, 2024, regardin

Scanwell Logistics Colombo (Pvt.) Ltd has been empowering its female employees by breaking down barriers to entry, promoting career advancement and dedicating itself to providing equal opportunities for all employees, irrespective of gender, race, et

The International Air Transport Association (IATA) announced the launch of the IATA Digitalisation Leadership Charter at the IATA World Cargo Symposium in Hong Kong. Cathay Cargo, CHAMP Cargosystems, Global Logistics System Hong Kong Company Limited

There were six cruise ship calls at the Hambantota International Port (HIP) in the months of January and February 2024, carrying over 6,000 passengers to Sri Lanka. Celebrity Millennium, the largest of the cruise ships that called, sailing between th

The movement of a pilot’s seat on a Boeing 787 Dreamliner may have been behind the aircraft’s sudden nosedive during a flight on Monday, March 11, 2024 that caused the injury of at least 50 passengers, according to an aviation publication. The La

Sri Lanka this week took a progressive step towards tackling period poverty, with the Selyn Foundation stepping up efforts to redefine access to menstrual hygiene and support for women across Sri Lanka. The Selyn Foundation this week unveiled its fla

As Sri Lanka is regaining its position as a sought-after destination, President Ranil Wickremesinghe stressed the need to expand the tourism industry beyond the coastal areas, to strengthen the country’s economy. “Our focus must remain on tourism

Fourteen potential investors have shown interest in the strategic divestiture of Litro Gas Lanka Ltd (LGL) and Litro Gas Terminals (Pvt.) Ltd (LGT), the State-Owned Enterprises Restructuring Unit said.

Home Lands Group of Companies, a leading real estate and property developer, announced the opening of Home Lands (Melbourne) Pty Ltd, the group’s latest venture, marking an expansion of its real estate operations to Australia. Located at No. 184,

Colombo Dockyard PLC on March 6, 2024, appointed Attorney-at-Law Chanaka Jayamaha as a Non-Executive Independent Director. A product of St. Joseph’s College, Colombo 10, Jayamaha presently counts 20 years of practice as an Attorney-at-Law. He is

LankaPay announced the sixth edition of the LankaPay Technnovation Awards, Sri Lanka’s pioneering and the only payment technology innovation awards programme, to recognise the payment technology innovators. The de facto recognition standard and on

The total auction offerings this week comprised of 5.3 million kilogrammes, which was met with good general demand. The Ex-Estate offerings showed an increase over last and totalled 0.8 million kilogrammes vis-à-vis 0.7 million kilogrammes on offer