Sri Lanka Gem and Jewellery Association unveils strategic hub proposal

The Sri Lanka Gem and Jewellery Association recently presented its ‘Sri Lanka Gemstone Hub Strategy Sapphire Capital of the World’ proposal to the state.

Kanchana reviews status of six large renewable energy projects

In line with the government’s ambitious target of achieving 70 percent of total electricity demand from renewable sources by 2030....

Central Bank chief upbeat on completing debt restructuring before IMF review

Despite delays pertaining to the debt restructuring exercise, the Central Bank Governor Dr. Nanadalal Weerasinghe remains....

Sinopec’s interim profit down 20.1% on lower oil prices

Chinese refining giant Sinopec Corp reported yesterday a 20.1 percent fall in interim net profit for the first half of the year...

Aswesuma allowances from today

The Welfare Benefits Board has announced that payments through the Aswesuma Welfare Benefit Programme will be made starting....

Heineken Lanka appoints Chaminda Rajapakshe as Director Sales and Trade Marketing

Heineken Lanka Limited has announced the appointment of Chaminda Rajapakshe as its Director Sales and Trade Marketing. He joins the management....

Uber launches dedicated pick-up zone at BIA

Uber has introduced a dedicated pick-up point for riders at Colombo’s Bandaranaike International Airport (BIA). The move aims...

Nalinda Kurukulasooriya appointed as Laugfs Gas CEO

Laugfs Gas PLC has announced the appointment of Nalinda Kurukulasooriya as Chief Executive Officer of the company, with effect....

Talal Rafi joins Lakshman Kadirgamar Institute board

The Lakshman Kadirgamar Institute, Sri Lanka’s leading think tank on formulating foreign policy, appoints Talal Rafi to its board. Rafi is an Economist....

Sarrah Sammoon joins top international mobility committees

Sarrah Sammoon, a pioneer and prominent figure in Sri Lanka’s global mobility industry, has taken on roles in two major international committees....

ComBank honoured as one of Sri Lanka’s 10 Most Admired Companies for 5th year

Commercial Bank of Ceylon has been ranked as one of the 10 Most Admired Companies in Sri Lanka by the International Chamber of Commerce.....

AIA honours top-performing wealth planners

AIA Insurance marked a momentous celebration by honouring its top-performing wealth planners at the AIA Sales Convention held recently....

Allianz Millionaire’s Club recognises top sales performers

Allianz Lanka, one of Sri Lanka’s leading insurers, proudly celebrated and honoured its top-performing retail sales staff at an exclusive ....

DFCC Bank first to launch Green Fixed Deposits in Sri Lanka

DFCC Bank, a pioneer of sustainable finance in Sri Lanka, has taken another significant step towards supporting environmental protection....

People’s Bank hosts customer get-together for Pettah Bazzar business community

People’s Bank recently hosted cocktails for leading traders of Pettah Bazzar, who are engaged in essential food commodities imports....

HSBC conducts informative session for bank staff in Sri Lanka on financial scams

With the increase of financial scams in recent years, creating awareness on scam typologies and understanding ways in which fraudsters operate....

CB resorts to dual approach to drive interest rates down

In a bid to quicken the decline in lending rates in the economy in line with the recent policy rate cuts, the Central Bank has directed banks to cut rupee loan rates by 250 basis points by October-end and by a further 100 basis points by December-end from the levels as of July-end in addition to announcing interest rate caps on select lending products.

SDB bank celebrates 26 yeas of empowerment, progress and partnership

SDB bank, a unique bank with a clear vision to bolster the local economy by providing customised banking solutions to SMEs...

Colombo Port City gains momentum as parliament approves game-changing incentives programme

Parliamentary approval was recently granted to a comprehensive incentives programme proposed by the Colombo Port City Economic Commission in consultation with the Minister of Investment Promotion.

Prefabricated terminal to be constructed at BIA to tackle congestion

In an effort to alleviate the current severe congestion at Katunayake Bandaranaike International Airport (BIA), which is experiencing nearly 25,000 passenger arrivals and departures a day, Airport and Aviation Services (Sri Lanka) (Private) Limited has opted to swiftly construct a prefabricated terminal.

Technical, economic challenges in the way of SL deploying offshore wind generation: WB

Sri Lanka has a clear opportunity to deploy offshore wind generation, the World Bank (WB) said; however, there are important technical and economic challenges and risks that can make the opportunity less attractive to investors and project developers.

Quantities decline further at Colombo Tea Auction this week

The Colombo Tea Auction saw the offerings decline further this week, with the quantities totalling 5.4 million kilogrammes.

Emirates marks one of its busiest summers ever

Emirates, the world’s largest international airline, marks one of its busiest summers ever, carrying over 14 million passengers with average seat load factors exceeding 80 percent across its global network between June

‘Complast’ kicks off in Colombo

‘Complast’, an exhibition on plastics, rubber, recycling, packaging, machinery and technology, kicked off at the BMICH yesterday.

Large US tech companies face new EU rules

CNN: The world’s largest tech companies must comply with a sweeping new European law starting yesterday that affects everything from social media moderation to targeted advertising and counterfeit goods in e-commerce — with possible ripple effects for the rest of the world.

Melbourne Rebels team flies to Sri Lanka to promote rugby and sports tourism

The Sri Lanka Tourism Promotion Bureau, in collaboration with the Sports Ministry and Agoal Rugby, has organised an exclusive rugby tournament, in order to promote Sri Lanka as a sports tourism destination and give an opportunity to young Sri Lankan rugby players an opportunity to showcase their talent, both locally and internationally.

US sues Elon Musk’s SpaceX over hiring policy

The US Department of Justice (DOJ) has said it is suing Elon Musk’s SpaceX, alleging the rocket firm discriminates against refugees and asylum seekers in its hiring practices.

Prefabricated terminal to be constructed at BIA to tackle congestion

In an effort to alleviate the current severe congestion at the Katunayake Bandaranaike International Airport (BIA), which is experiencing nearly 25,000 passenger arrivals and departures a day, Airport and Aviation Services (Sri Lanka) (Private) Limited has opted to swiftly construct a prefabricated terminal.

Central Bank cautions against deceptive online schemes misleading investors with false claims

The Central Bank yesterday said it has received many public complaints indicating that some schemes operating through online platforms are misleading investors by implying they operate within the country’s legal boundaries. It said these schemes mislead investors into depositing/investing money with them by stating that they are protecting investors’ funds by adhering to Central Bank regulations. They also claim they are paying the relevant taxe

President envisions transforming Trinco into multifaceted hub through Indian collaboration

Addressing the Trincomalee District Development Committee yesterday, President Ranil Wickremesinghe said Trincomalee will be transformed into a multifaceted hub by collaborating with India. Wickremesinghe outlined an ambitious vision for Trincomalee’s transformation into a versatile hub encompassing energy, transportation, maritime trade, naval operations, aviation, industry, and tourism. He underscored India’s instrumental role in bringing this