ComBank and Green Building Council in landmark agreement to promote sustainable construction

Commercial Bank of Ceylon has entered into a landmark cooperation agreement with the Green Building Council of Sri Lanka, laying the framework for the two institutions to work together to promote...

HNB-Span Engineering renew partnership for premium home loans

Sri Lanka’s leading private sector bank HNB PLC renewed its exclusive partnership with renowned property developer Span Engineering (Pvt.) Ltd to offer prospective homebuyers special....

SL will become a leading tile exporting country, says country’s largest tile maker

Macksons Tiles Lanka (Macktiles), Sri Lanka’s largest tile manufacturer, is positive about the Sri Lankan economy and believes this is the time to uplift local industries. “We always believed...

Lion Brewery wins 9 honours at SLIM NASCO Awards 2023

Lion Brewery has won a slew of awards at this year’s SLIM National Sales Awards. The ceremony is held annually to evaluate and recognise the competitiveness, tenacity and talent of sales....

Dialog Prashansa celebrates Customer Service and Elders’ Week

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, celebrated the Customer Service and Elders’ Week, with Dialog Prashansa conducting an event at Dialog Axiata head office to educate and empower....

Amana Bank’s capital crosses Rs.20bn through successful rights issue

Amana Bank has announced to the Colombo Stock Exchange that it has concluded the rights issue, after raising Rs.6 billion and successfully achieving its objectives by meeting the enhanced minimum...

Hayleys Solar introduces solar-powered water pumps to SL market

Hayleys Solar, as the No 01. solar provider in Sri Lanka, has unveiled its latest product offering to the local market – solar-powered water pumps, a significant step towards addressing Sri Lanka’s....

DFCC Bank enhances customer convenience with Myspace ATM/CDM at Havelock City Mall

At the newly opened Havelock City Mall, DFCC Bank proudly unveiled its offsite DFCC Myspace ATM/CDM digital self-banking facility. This strategic move marks...

Pan Asia Bank hosts another SME workshop in Kurunegala

Continuing its valuable support to the small and medium-sized enterprises (SME) sector, Pan Asia Bank recently conducted another SMEs and Financial Management workshop in Kurunegala...

Ceylinco Life’s green road map provides Minuwangoda a new ecofriendly branch

Ceylinco Life’s inexorable green journey has reached another milestone with the opening of the company’s latest branch in Minuwangoda in a purpose-designed company-owned building. The first...

Nepalese bankers embark on banking exposure visit to People’s Bank

In a move to deepen the understanding of branch banking, credit practices and gain insights into innovative financial strategies, the branch managers of Nepali commercial banks recently undertook an exposure...

Ceylon Chamber launches Sri Lanka-Bangladesh Business Council

The Ceylon Chamber of Commerce is pleased to announce the inauguration of the Sri Lanka-Bangladesh Business Council (SBBC), the 21st bilateral trade council established...

NDB strives to empower exports in collaboration with EDB for Presidential Awards

In an effort to further its commitment towards advancing export excellence, NDB Bank and NDB Investment Bank (NDBIB) have joined forces with the Sri Lanka Export Development Board....

RM Parks Inc. enters fuel market with $ 110 mn investment

California-based US fuel distribution company, RM Parks Inc. California-based US fuel distribution company inked an agreement with the Board of Investment (BOI) to serve the local petroleum sector with a US$ 110 million investment.

SL says ready for BRI second phase; China keen on extending CMEC

Sri Lanka has conveyed its preparedness for the second phase of the Belt and Road Initiative (BRI), with China expressing a keen interest in extending the China-Myanmar Economic Corridor (CMEC) to include Sri Lanka.

High-level Korean delegation visits BOI and Port City Colombo

A high-level Korean delegation, on an official visit to Sri Lanka from November 14 to 15, visited the Board of Investment (BOI) and Port City....

Fresh content on Sri Lanka by Nas Daily coming up

The Sri Lanka Tourism Promotions Bureau yesterday inked an agreement with Arab-Israeli vlogger Nuseir Yassin, who creates ....

Fitch Ratings flags concerns over growing gold-pawning exposure of Lankan finance companies

Fitch Ratings issued a cautionary note yesterday on the increasing gold-pawning exposure of Sri Lanka’s finance and leasing companies (FLCs).

October tea production up 20% YoY

Sri Lanka’s October tea production witnessed a significant year-on-year (YoY) increase of 20.33 percent, reaching a total of 22.85 million...

Planters’ Association renews call for re-evaluation of oil palm cultivation ban

The Planters’ Association of Ceylon (PA) renewed its call once again urging the government to re-evaluate its ban on oil palm cultivation, so...

Brewing battle to intensify with Distilleries’ Heineken purchase 

Lion Brewery Ceylon PLC (Lion), Sri Lanka’s beer market leader, is likely to face more competition in the medium-term, following....

BOC to raise up to Rs.10bn via listed debt issue

State-owned banking giant Bank of Ceylon (BOC) yesterday revealed plans to raise up to Rs.10 billion through a listed debenture....

SLCB launches first-ever road map for MICE tourism

The Sri Lanka Convention Bureau (SLCB) has launched the first-ever Road Map for MICE Tourism, outlining a visionary 3-year....

FitsAir announces integration with Mastercard to strengthen payment infrastructure

FitsAir, Sri Lanka’s first privately owned international airline has announced its partnership with Mastercard involving integration...

SLT-Mobitel eTeleshop excels at BestWeb.LK 2023

SLT- Mobitel eTeleshop, https://eteleshop.slt.lk/, has received an award under the category ‘Best E-Commerce website’ at the BestWeb...

Singer launches latest ZTE smartphone lineup with Blade V50 Design

Singer Sri Lanka PLC, the country’s preeminent retailer of consumer electronics, officially launched the latest range of ZTE smartphones....

Sri Lanka Hospitality Graduates Association holds 52nd AGM

The 52nd Annual General Meeting of the Sri Lanka Hospitality Graduates Association (SLHGA) unfolded with great anticipation....

Hutch offers unmatched data roaming plans for India

Hutch has introduced its Data Roaming plans designed specifically for individuals traveling to India, a prominent destination in the Hutch ....

Dialog elevates home broadband postpaid experience with more data & data roll over

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, revamped its range of Home Wi-Fi postpaid plans with more data designed....

Government revenue surges by 43.5%, yet expanding budget deficit spurs VAT hike

The government’s revenue in the first eight months saw a robust 43.5 percent increase, but the budget deficit continued to stretch higher, forcing the government to double down on the revenue based fiscal consolidation path it subscribed to with the International Monetary Fund (IMF) by raising the Value-Added Tax (TAX) from next year.