Consumer prices measured nationally rose by 2.7 percent in April from a year ago, slightly higher from 2.5 percent in through March as the non-food prices rose somewhat faster.

Pathfinder Foundation Founder Milinda Moragoda released a statement saying Sri Lanka’s present oppressive tax regime is undermining the country’s economic growth agenda. Furthermore, Moragoda said that many local entrepreneurs and businesses tha

As Sri Lanka continues to recover from the recent crisis, this time last year, mere 12 months ago, we saw the peak of Sri Lanka’s worst economic crisis since independence. The economic recovery partially remains hindered by slow growth in exports

Nature is life. Nature is interconnected, intertwined and indivisible with human life, our societies and economies. Yet, the world over, land, seas, air, freshwater and wildlife are being destroyed at an alarming rate. On average, wildlife populatio

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

NDB Bank, in collaboration with Sirasa News 1st, marked the grand finale of the prestigious Sri Lanka Vanithabhimana Awards, a celebration of the remarkable achievements of Sri Lankan women for the fourth consecutive

Since 2019, the construction industry has gone through a very difficult and destructive journey, declining from a 21 percent growth rate to almost completely cutting down our contribution to gross domestic product (GDP). During this time, d

The winners of Study UK Alumni Awards 2023-24 in Sri Lanka were announced at a ceremony, hosted by the British Council in C

Inspiring education for over 60 years, Atlas has been a cherished foundation in turning students’ dreams into vibrant realities by infusing joy into their learning experiences. Atlas has gone beyo

The International Institute of Health Sciences (IIHS), the country’s leading institute for health education, recently announced a landmark partnership with DFCC Bank, through which the IIHS students will be provided with loans at attractive rate

The Open University of Sri Lanka (OUSL)’s Enospire 24, a programme embodying entrepreneurship, innovation and inspiration, is for aspiring entrepreneurs. Organised by

The Condominium Developers Association of Sri Lanka (CDASL) expressed its concerns over the proposed protectionist measures in Sri Lanka’s tile industry. The full text of its statement is as follows: The Condo

Mercantile Investments, a leading financial institution, announced the grand opening of its 50th branch in the Jaffna city. The event was marked by the presence of esteemed guests, including Managing Director Gerard Ondaatjie and Chief Operating Offi

Diebold Nixdorf, represented in Sri Lanka and the Maldives by Data Management Systems Ltd, was named as Best Banking Tech

Bank of Ceylon (BOC) announced the appointment of Jayamin Pelpola to its board as a Non-Executive Director, with immediat

Celebrating empowerment and leadership, the Women’s Chamber of Industry and Commerce Sri Lanka (WCIC) is gearing to present its much-anticipated Women Leadership Forum 2024, on March 14, 2024. Themed ‘#InspireInclusion - Count Her In’, it is to

AIA Insurance, Sri Lanka’s Best Life Insurer (Global Banking and Finance Review 2019, 2020; Capital Finance International 2021, 2022), has introduced ‘AIA Exclusive,’ a premier membership specially designed for AIA’s most esteemed clientele.

Janashakthi Group (JXG) this week announced strategic move to enhance Group synergies through the transfer of 25 percent of F

Reaffirming its commitment to excellence, HNB PLC, once again emerged triumphant at the prestigious SLIM National Sales Awards (NSA) 2023, with its dedicated staff securing a total of five awards. The award cerem

The Commercial Bank of Ceylon has been adjudged ‘Best SME Bank’ and ‘Most Innovative Digital Bank’ in Sri Lanka in 2023, rounding off a year of important international and local awards. The latest accolades were presented to the Bank by Globa

Bank of Ceylon’s (BoC) Rs.10 billion Basel III Compliant Tier 2 Listed Debenture Issue was oversubscribed and closed on December 22nd 2023. The Basel III Compliant, Listed Issue was a first for a State Bank. This epitomizes the trust placed in th

The Sri Lankan economy currently grapples with the significant challenges presented by a complex financial situation unfolding in unprecedented ways. As the country tackles the intricacies of this economic turmoil to overcome fiscal obstacles, there

According to the International Monetary Fund (IMF), the most popular and simplest definition is the one used by the World Bank, ‘abuse of public power for private benefits’. This does not mean that bribery and corruption cannot exist outside the

It is my pleasure to contribute this article on the topic of ‘Corruption, Accountability, Transparency and Good Governance – The Role of the Professional Accountant’ to this edition of the CMA Sri Lanka journal. These themes are central to the

People’s Bank’s Annual Report 2022, titled Creating a Legacy of Caring for Generations to Come, won five awards at the recently held International ARC Awards 2023. With a history spanning over 30 years and an annual application pool of over 1,60

Commercial Bank of Ceylon has announced another initiative under its Green lending portfolio to support customers who share the bank’s commitment towards the environment. Green Home L

National Development Bank (NDB) partnered with the International Finance Corporation (IFC) to conduct a series of workshops and

Among the great challenges posed to democracy today is the use of technology, data and automated systems in ways that threaten the rights of the public. Unchecked social media data collection has been used to threaten people’s opportunities, underm

The much-awaited Anti-Corruption Bill is out and passed by Parliament, subject to introducing amendments, according to the determination of the Supreme Court

Working to reinvigorate the real estate landscape, Sri Lanka’s leading private sector bank HNB PLC