Seylan Bank announced the appointment of Justice Buwaneka Aluwihare PC as an Independent Non- Executive Director to its Board with effect from 26 February 2024. Upon being ca

Consumer prices in February slowed down marginally from the previous month and the previous year, data from the Departmen

The secondary market yield curve remained broadly unchanged as investors adopted a cautious stance, awaiting clarity on the direction of interest rates ahead of the Bills and Bond auction scheduled for March 2024. Amongst the

The Colombo Consumer Price Index (CCPI), the official’s preferred inflation gauge deceased to 5.9 percent in February from the 6.4 percent recorded in January.

Tourism sector stakeholders are given an extension renewing their licenses with the Sri Lanka Tourism Development Authority (SLTDA).

Sri Lanka’s women entrepreneurs, who have for long been held back, will soon be able to take the front seat as President Ranil Wickremesinghe this week pledged more would be done to allow this segment to increase their contribution to the national

One of Sri Lanka’s most popular lines of beverages will soon be on the shelves of India, with Reliance Consumer Products Limited (RCPL) partnering with Elephant House to manufacture, market, distribute and sell beverages.

The Central Bank conducted its weekly Treasury bill auction yesterday and accepted a total of Rs.104.3 billion from the offered Rs.122.5 billion. The auction yields also edged up across the board, with 91-day maturity yield edging up by nine basis p

The government yesterday expressed confidence in the upcoming International Monetary Fund (IMF) review going “smooth”. Despite the concerns about the progress of debt restructuring with the private bondholders still remaining, Sri Lanka is certai

The United Nations Industrial Development Organisation (UNIDO) this week stressed the need for concerted efforts to fully implement the comprehensive set of recommendations for the establishment of Ceylon Cinnamon Geographical Indication (CCGI) in Sr

The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) is eyeing to commence the much-awaited spectrum assignment for the 5G rollout in early May this year, by offering nine spectrum lots for a period of 10 years. The TRCSL recently sough

The Colombo Stock Exchange (CSE) organized a forum titled “Redefining the Trajectory of Your Business” in collaboration with the U.S. Agency for International Development (USAID) CATALYZE Sri Lanka Private Sector Development (PSD) Activity. Held

HNB PLC secured four awards at the Euromoney Awards for Excellence in 2024 recently. Euromoney bestowed HNB with the titles of Best Market Leader in Trade Finance Services and Best Service Provider in Trade Finance – both overall and domestic. Hav

The Citi Indian Subcontinent Sub-Cluster & Banking Head and India CEO, Ashu Khullar recently visited Sri Lanka. During the visit Ashu met with regulators, key clients and other stakeholders. He also spent time with Citi Sri Lanka management team and

In celebration of the rare occurrence of Leap Day, NDB Bank presents extraordinary offers for its valued cardholders. Aptly named “NDB Leap Day Deals,” this exclusive opportunity allows cardholders to seize 0 percent installment plans for an exte

Expanding its outreach across Sri Lanka, Vallibel Finance opened its latest branch in the Mahiyanganaya recently. Offering a diverse product mix aimed at developing the financial needs of Mahiyanganaya. Vallibel Finance established this new fully-fle

Softlogic Life has recorded robust FY23 performance, posting Gross Written Premium (GWP) of Rs. 26.3 billion for the period ended 31st December 2023, with an increase in top-line growth of 14 percent versus the past year and compared to industry grow

Aiming to demystify the intricacies of the tax recovery process in Sri Lanka, a webinar by KPMG Academy in Sri Lanka delved into the nuances of taxes in default, details of the notice of demanding payment issued by the CGIR, various enforcement actio

Thailand became the second Regional Comprehensive Economic Partnership economy to sign a free trade agreement...

The three new CEAT shop-in-shop (SIS) outlets are designed to drive brand premiumisation and enhance customer experience....

Laugfs Eco Sri Limited, a subsidiary of Laugfs Holdings and a leading player in the vehicle emission testing sector, recently announced...

Showcasing creativity and forward-thinking, SLT-Mobitel successfully hosted the first Innovation Day 2023, supporting ....

DIMO, a long-standing trailblazer in Sri Lanka’s mobility industry, launched CARPITAL Advisory Services by DIMO CERTIFIED, a complimentary....

Associated Motorways (Private) Limited (AMW), a key player in Sri Lanka’s automotive industry, announced Andre Bonthuys as its new Group....

The Hettigoda Industries announced that Siddhalepa Liv-Pro, its ayurvedic food supplement containing heenbovitiya ...

Sri Lankan businesses are grappling with higher costs as sea freight rates have skyrocketed by 300 percent. Raising alarm over recent...

Businesses struggling to repay loans can now let out a sigh of relief as a Cabinet decision has been announced that prevents banks from opting for aggressive recovery measures.

Cartoon 28.02.2024

HNB Finance PLC announced the appointment of Dr. Prasad Samarasinghe to its Board of Directors as a Non-Independent...

The local SME sector will receive a fresh boost to improve and expand operations with the Asian Development Bank (ADB) agreeing ...