ComBank wins two top awards at Daraz Payment Partner Awards 2023

Commercial Bank of Ceylon has won two top awards at the 2023 Payment Partner Performance Awards of Daraz, South Asia’s largest ecommerce....

SDB bank unveils solar PV arrays at Horana and Karapitiya branches

SDB bank, in line with its unwavering commitment to sustainability and environmental, social and governance (ESG) principles, has taken....

LOLC Finance expands footprint in Northern Sri Lanka

LOLC Finance, Sri Lanka’s leading non-banking financial institution (NBFI), takes immense pride in the successful launch of two new...

Allianz Lanka hosts first-ever Biannual Awards to spotlight outstanding sales performers

Amidst glitz and glamour, Allianz Lanka held its first-ever Biannual Awards ceremony recently. The event, which was held at Epitome....

BOC Flexi Investor to unlock your life goals and aspirations

Bank of Ceylon’s (BOC) newest investment product BOC Flexi Investor, a goal-based investment account, was launched recently....

Pan Asia Bank-MasterCard partner to launch a special credit card for pensioners

Pan Asia Bank demonstrated its commitment to the nation by launching a special credit card for government pensioners, who served....

Sri Lanka races against time to avert greylisting by FATF

Sri Lanka runs at the risk of being designated as a greylisted/blacklisted country, if it fails to implement all the recommendations put forward by the Financial Action Task Force (FATF) before March 2025, the Financial Intelligence Unit (FIU) of the Central Bank said.

SEC and CSE ring the bell for financial literacy

The Securities and Exchange Commission of Sri Lanka (SEC) and Colombo Stock Exchange (CSE) joined stock exchanges from around the world to ‘ring the market opening bell for financial literacy’, as part of the seventh annual World Investor Week (WIW) in 2023, launched by the International Organisation of Securities Commissions (IOSCO).

Digital Economy Transformation Acceleration Programme to kick off next week

Sri Lanka’s Digital Economy Transformation Acceleration Programme is set to kick off next week, which is the first collaborative effort between the government and private sector to execute a digital economy plan in the country.

Offering at Colombo Tea Auction continues to remain low

The offering at the Colombo Tea auction continued to be low and totalled 4.8 million kilogrammes, which was met with fair demand, mostly at firm to easier rates.

Sri Lanka brought under spotlight at Embassy Festival 2023 in Netherlands

In an effort to diversify the source markets of Sri Lanka tourism, the Tourism Promotion Bureau (SLTPB), in collaboration with the Sri Lanka Embassy in the Netherlands, brought the island nation under spotlight at the recently held Embassy Festival 2023, in Hague, the Netherlands.

SL tourism offering showcased to Belgian travel professionals

The Sri Lanka Embassy in Brussels recently hosted a tourism promotion workshop in Antwerp, Belgium, titled ‘Discover Sri Lanka: Unveiling the Island’s Beauty in Belgium’, last week, to showcase the island nation’s beauty to Belgian travel professionals.

CA Sri Lanka pays tribute to three veteran Chartered Accountants for outstanding contributions

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently paid tribute to three distinguished Chartered Accountants for their remarkable contributions to the corporate, society and country, spanning many decades.

‘Ministry of Gems’ makes its mark in Australia with credibility and quality

‘Ministry of Gems’, a modern gemstone company based in Australia, with roots in Sri Lanka, is making a significant impact in the Australian market, with its portfolio of gemstones.

CB sees temporary inflation uptick due to utility, fuel price adjustments and govt.’s revenue boosting measures 

The Central Bank is forecasting a short-lived upward movement in inflation as a result of the cost-reflective energy and utility prices and revenue mobilisation measures the government may introduce in the upcoming months to boost its revenue to meet the International Monetary Fund (IMF) targets. Sri Lanka’s official headline inflation was recorded at 1.3 percent in September, significantly easing from almost 70 percent exactly a year ago. The Ce

Oil prices fall again; demand worries outweigh tight supply

REUTERS: Oil prices dipped yesterday as an uncertain demand outlook overshadowed an OPEC+ decision to maintain oil output cuts, keeping supply tight. Brent crude oil futures fell 68 cents, or 0.8 percent, to US$ 85.19 a barrel by 11:07 a.m. ET (1507 GMT). U.S. West Texas Intermediate crude futures were 67 cents, or 0.8 percent, lower at US$ 83.55. At their session lows, both benchmarks were down more than US$ 1. “Investors are worried that peak

Exterminators enters pest control franchise agreement with Sentario UK

Exterminators PLC, Sri Lanka’s premier pest-tech company, has recently entered a strategic partnership with Sentario Pest Management, a UK-based firm specialising in preventive pest management. This collaboration mark

Adstudio.Cloud with Wijeya Digital Media launches video programmatic advertising for first time in Sri Lanka

Adstudio.Cloud, Sri Lanka’s premier 100 percent local programmatic advertising company, has achieved a significant milestone by introducing video programmatic advertising for the very first time in Sri Lanka. This groundbreaking endeavour comes to fruition through a strategic partnership with Wijeya Digital Media (Pvt.) Ltd, the market leader having the largest audiences in online web assets, including flagship brands such as Dailymirror.lk, Lan

Gem and jewellery sector calls for more liberalised environment to unleash full potential

Advocates for reduction in current regulations, which act as a major impediment to boosting gem exports

Kahawatte Plantations appoints Binesh Pananwala as CEO

Kahawatte Plantations PLC yesterday announced the appointment of Binesh Neomal Pananwala as its new Chief Executive Officer (CEO) with effect from October 1, 2023. Pananwala joins Kaha

Dissent continues over Minimum Room Rate

The sharp division within Sri Lanka’s tourism industry on the implementation of Minimum Room Rate (MRR) became even mo

President vows economic revival in 2024 amid brain drain concerns

As Sri Lanka is yet to find solutions to tackle the brain drain issue, President Ranil Wickremesinghe this week gave assurance to a group

Kasturi to leave Hemas to take up new role with global firm

Hemas Holdings PLC yesterday announced the resignation of Kasturi Wilson from her position as Group Chief Executive Officer,

UAE approves mega gas project weeks ahead of COP28

AFP - Emirati energy giant ADNOC said yesterday it had awarded contracts to build a major gas project, just a few weeks before the Gulf state hosts the COP28 climate conference. The company said it would invest in the Hail and Ghasha offshore fields, pledging that it would be the “world’s first project that aims to operat

Fitch removes ‘Rating Watch Negative’ on 15 banks following DDO completion

Fitch Ratings yesterday affirmed ratings on 15 Sri Lankan banks and removed them from the Rating Watch Negative (RWN), following the conclusion of the Domestic Debt Optimisation (DDO). While Bank of Ceylon’s Long-Term Local-Currency Issue Default Rating (IDR) is affirmed at ‘CCC-’, the listed banks were assigned

CB expects completion of IMF review by Oct-Nov. despite signs of delay

The Central Bank yesterday said it will stick to the timelines already announced for the completion of the first review of th

Global fashion infrastructure platform PDS eyes further expansion in Sri Lanka

Earlier this year, global fashion infrastructure platform PDS Limited announced the unveiling of a centralised cutting plant in its

CMA Excellence in Integrated Reporting Awards 2023 today at Taj Samudra

The Institute of Certified Management Accountants of Sri Lanka (CMA) will be conducting the CMA Excellence in Integrated Report

MAS Matrix launches MVTM aiming to revolutionise athleisure wear

MAS Matrix, the diversified flat-knit apparel manufacturing facility under MAS Holdings, announced the launch of its latest product platform MVTM. In a leap forward for flat-knit products, the technology and product capability of the MVTM range is poised to revolutionise athleisure wear. Crafted for the modern, fast-paced lifestyle, the collection offers a range of highly functional, versatile and fashion-forward designs. The core of MVTM lies i

Bairaha stands out at Pro-Food Pro-Pack & Agribiz 2023, Culinary Art & Food Expo 2023

Sri Lanka’s renowned household chicken brand Bairaha recently earned high praise for its creative participation at the Pro-food Pro-Pack & Agribiz 2023 trade expo as well as at Culinary Art & Food Expo 2023. Organised by the Sri Lanka Food Processors’ Association (SLFPA), the Pro-Food Pro-Pack & Agribiz 2023 trade expo was held from Aug