Jetwing Yala recognised as Sri Lanka’s Leading Family Resort 2023 at World Travel Awards

Jetwing Yala, a sanctuary nestled between the Indian Ocean and edge of Sri Lanka’s most popular wildlife park, has once again clinched....

Mandarina Colombo wins Gold as South Asia’s Leading City Hotel at SATA 2023

Mandarina Colombo was the proud recipient of the Gold award for Leading City Hotel, at South Asian Travel Awards 2023 (SATA), which was....

SL can discuss proposals from private creditors including GDP-linked bonds: IMF

Sri Lanka’s authorities can negotiate any proposals private creditors make, such as issuing GDP-linked bonds, a senior International Monetary Fund (IMF) official said yesterday.

Japan-SL FTZ to boost economy with US $ 15bn investment

The national economy is slated to receive a fresh boost with plans afoot to set up a Japan-SL Free Trade Zone (FTZ) with an investment of US $ 15 billion.

SL bondholders sent US $ 12bn debt rework proposal to government- sources

Sri Lanka’s private creditors have sent a proposal on how to restructure US $ 12 billion of overseas debt, including a new type of bond designed to ease repayments in case of future economic pressure, said two sources with direct knowledge of the matter.

Free visa to be rolled out to boost tourist arrivals

In a bid to increase tourist traffic to Sri Lanka, efforts are being rolled out to offer free visas for five key source markets.

SL tourism newest tagline makes debut at IFTM Top Resa

Sri Lanka’s newest destination branding for tourism, ‘You will come back for more’, was showcased for the first time at the International French Market (IFTM) Top Resa, kicking off the first of many promotions slated under the new promotion drive.

The Associations of Tour Guides and Tour Drivers yesterday held a protest

The Associations of Tour Guides and Tour Drivers yesterday held a protest with Israeli nationals at the Independence Square in Colombo.

Low volumes at Colombo Tea Auction a concern: Brokers

The 40th sale of the year, which concluded this week, had on offer a small volume of tea, comprising of 4.7 million kilogrammes.

Sri Lanka looks to set up a Joint Economic Council with UAE

Sri Lanka is looking to set up a Joint Economic Council with the United Arab Emirates (UAE), an effort towards promoting trade and investment cooperation between the two countries.

King Charles III new coins designed to help children to count

Large numbers on an entirely redesigned set of UK coins will help children to identify figures and learn to count, The Royal Mint has said.

China takes front seat to lead SL’s debt restructuring process

China has taken the front seat in Sri Lanka’s external debt restructuring process making a calculated move akin to a chessboard strategy, catching everyone off-guard, by entering a preliminary debt deal with the Sri Lanka authorities.

Hambantota Port surpasses half a million transshipment units, outpacing previous RORO records

The Hambantota International Port (HIP) has achieved a milestone by handling over half a million transshipment units by September, exceeding the port’s previous year’s roll-on/roll-off (RORO) figures.

CIC Holdings designates JKH as associate company as Captains grant voting rights proxy

CIC Holdings yesterday said it will begin treating premier blue chip John Keells Holdings PLC (JKH) as one of its associate companies, with the controlling shareholders of CIC agreeing to grant proxy over their voting rights in JKH to CIC for a period of 10 years.

People’s Bank declares open Colombo Outer II regional office

People’s Bank’s 25th regional head office was recently declared open in Piliyandala by People’s Bank Chief Executive Officer/General Manager Clive Fonseka.

AIA celebrates employees at Annual Company Conference

AIA Annual Company Conference 2023 was an evening full of glamour to recognise and reward employee achievements.

Asia Corp Insurance Brokers and Sanasa Life Insurance enter reinsurance deal

Premier insurance and reinsurance brokering company Asia Corp Insurance Brokers (Pvt.) Ltd has entered into reinsurance facilitator agreements with leading insurer Sanasa Life Insurance Co. PLC, recently. The ceremony was hos

Daraz chooses Mastercard as Most Valuable Payment Partner

For the third consecutive year, Mastercard has been chosen as the Most Valuable Payment Partner by Daraz, Sri Lanka’s l

LOLC Finance receives ISO 14064:1 GHG verification certification

Marking a key milestone in its steadfast commitment towards achieving carbon neutrality in 2030, LOLC Finance PLC was awarded I

ComBank hosts 400 retirees at Pensioners’ Day event in A’pura

More than 400 retired government servants were hosted at a Pensioners’ Day event in Anuradhapura by Commercial Bank of Ceylon recently, enabling them to discuss their banking requirements with the officials of the bank.

Amãna Bank-Daraz enhance children’s savings rewards experience

Amãna Bank has partnered with Daraz, Sri Lanka’s leading e-commerce marketplace, to offer the bank’s children’s savings account holders an innovative gifting experience. This partnershi

Sarvodaya Development Finance expands reach to Ampara

Sarvodaya Development Finance PLC (SDF) recently opened its newest branch in Kethsirigama, Ampara. This milestone expansion marks a significant leap forward in SDF’s mission to empower rural communities and provide access to financial services, particularly for those who are often overlooked by traditional banking institutions.

NDB Bank joins Interbank USD Online Payment System

NDB is proud to announce its appointment as a member of the LankaPay USD Online Payment System. The Sri Lanka Interbank USD Online Payment System is yet another payment product introduced by LankaPay, with the aim of assisting the Central Bank of Sri Lanka (CB

UNDP in Sri Lanka receives US$ 500,000 grant from Citi Foundation

Citi Foundation announces recipients of inaugural Global Innovation Challenge

Cargills forms joint venture company with India’s NDDB and Amul

Cargills (Ceylon) PLC yesterday said it has formed a joint venture company with National Dairy Development Board of India (NDDB) and Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF), which markets the famous Amul brand. A stock market filing by Cargills said it will hold 49 percent shareholding in the joint venture company. The for

Dialog Axiata successfully trials Voice over 5G (VoNR) service for first time in Sri Lanka

Dialog Axiata PLC, the first telecommunications service provider in the South Asian region to demonstrate 5G capabilities in 2018, announced the successful completion of the first-ever trial of the Voice over New Radio (VoNR) se

Australia and Sri Lanka renew Trade and Investment Framework Arrangement

A renewed Trade and Investment Framework Arrangement (TIFA) was signed yesterday between Australia and Sri Lanka. Paul Stephens, Australian High Commissioner to Sri Lanka, and A.M.P.M.B. Atapattu, Secretary of the Ministry of Trade, Commerce and

eShift: A Partnership between ChargeNET, Vega Innovations and CDB to Pave the Way for Sustainable Mobility in Sri Lanka

Continuing its unwavering mission of advancing the green economy, Vega Innovations subsidiary chargeNET in collaboration with Citizens Development Business Finance PLC (CDB) launched the eShift Concept Center, as a step to accelerate the Company’s sustainable mobility solution.

Ceylon Chamber and IT industry stakeholders raise concern over sluggish Digital ID progress

The Ceylon Chamber of Commerce, together with the IT industry stakeholders, yesterday expressed concern over the continued delays in implementing the Digital ID system, which they said could propel the transformation of the Sri Lankan economy.

Yet to be informed of any China-Sri Lanka debt deal: IMF

The International Monetary Fund (IMF) yesterday said it had not been informed of any specifics of a debt restructuring deal that is believed to have been entered into between Sri Lanka and Export-Import Bank (Exim Bank) of China.